#1
17th December 2015, 02:08 PM
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Bills Selling Exchange Rates Established By State Bank of India
Hey I want to know the Exports Related Transactions Foreign Exchange Related Service Charges of State Bank of India so please give me its details?
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#2
17th December 2015, 02:09 PM
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Re: Bills Selling Exchange Rates Established By State Bank of India
Here are the following details of the Exports Related Transactions Foreign Exchange Related Service Charges of State Bank of India Exports Related Transactions Item And Charges/Commission 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 (i.e. from one bank to the other in India) 0.30%; Min. Rs.1000/- d. Reimbursement charges under Letter of Credit Upto US$5000 Above US$5000 & upto US$ 1 lac. Above US$ 1 lac Per reimbursement. Rs.600/- Rs.1200/- Rs.1500/- 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 II. Usance charge Minimum Rs.600/- for all customers 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 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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