#1
1st June 2015, 12:14 PM
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Forex Rates State Bank of India
I need to get some foreign currency. I want to convert the money from the State Bank of India. What are the Foreign Exchange Rates offered by the State Bank of India? And also tell me about the FOREX Card Rate of the State Bank of India? Thanks for help.
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#2
1st December 2015, 02:32 PM
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Re: Forex Rates State Bank of India
Hello sir I am Vinita, can you please tell me about the Foreign Exchange Exports Related Transactions Charges of State Bank of India???
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#3
1st December 2015, 02:33 PM
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Re: Forex Rates State Bank of India
Here as per your demand I am providing you Foreign Exchange Exports Related Transactions Charges of State Bank of India 1. Export Bills purchased/Negotiated/discounted a. Processing charges for each foreign currency export bill: For bills upto US$5000: Rs.600/- For bills over US$5000: Rs.1200/- b. Processing charges for each rupee export bill: 0.30%; Min. Rs.600/- per bill. c. For forwarding export documents on which no collection commission or exchange accrues to the bank: 0.30%; Min. Rs.1000/- d. Reimbursement charges under Letter of Credit Upto US$5000: Per reimbursement Above US$5000 & upto US$ 1 lac: Rs.600/- Above US$ 1 lac: Rs.1200/- e. Forwarding export documents to another bank for negotiation to whom L/C is restricted by the bank which has booked the forward contract: 0.30% Min. Rs.1000/-. f. For joining customer's guarantees and giving guarantees on behalf of customers in respect of discrepant documents: 0.20% ; Min.Rs.1000/- g. Overdue export bills purchased/ negotiated/ discounted where proceeds are not received in Nostro Account within six months: Rs. 250/- per month or part thereof. h. Charges for discrepancies in export documents under L/C: US$ 50/- 2. Collection of Bills. a. (Both foreign currency and Rupee export bills) 0.15%; Min. Rs.600/- Max. Rs.25,000/- b. Export bills sent for collection where proceeds are not received within 6 months: Rs.300/- per month or part thereof. c. For each complete set of export documents sent by the exporter directly to overseas buyer in terms of extant FEMA guidelines, while disposing of the relative GR forms: Rs.700/- per bill. d. Additional charge where proceeds of bills are received through a bank other than the collecting bank at the instance of exporter/ overseas buyer: 0.15%; Min. Rs.600/- 3. Certificates Issuance of certificates/ attestation in respect of export transactions: Rs.250/- per certificate. 4. Registration of export contracts Rs.700/- flat per registration. Rs.400/- flat per amendment. 5. Processing fee for advance against Govt. sponsored incentive scheme: 0.50%; Min. Rs.500/-;Max.25000/- 6. Export Letter of Credit a) Advising letter of credit (recording, scrutinising, authenticating, and verification): Rs.1500/- flat per letter of credit b) Advising amendments: Rs.600/- flat per amendment c) Confirmation charges I. Issuance charge: Minimum Rs.600/- for all customers. II. Usance charge: Plus processing fee for adding confirmation Rs.1500/- d) Transfer of letter of credit: Rs.700/- flat for each advice of transfer. e) Acceptance commission for accepting usance drafts to be drawn on and accepted by banks in India: 0.1750% per quarter and part thereof Min. Rs.1500/- |
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