#1
15th November 2017, 11:20 AM
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Oriental Bank of Commerce Exchange Rate
Can you provide me the Foreign Exchange Schedule of Charges Forex of OBC (Oriental Bank of Commerce) as I want to check it before investing in the Bank?
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#2
15th November 2017, 12:57 PM
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Re: Oriental Bank of Commerce Exchange Rate
The Foreign Exchange Schedule of Charges Forex of OBC (Oriental Bank of Commerce) are as follows: For each FC & INR export bill purchased/discounted / negotiated Upto Rs 10.00 lacs - Rs 750.00 per bill Above Rs 10.00 lacs bill-Rs1000/- per bill Where the bank sends an export bill for negotiation to another AD in India (due to reason such as LC being restricted to the later or the LC has been confirmed by later Rs 1000.00 per bill Where the reimbursement under a L/C is claimed by the bank with another AD in India Rs 1000.00 per claim Commission on joining in Customers guarantees and for giving guarantees / Indemnities on behalf of customers to other banks in India in respect of discrepancies, etc. in documents negotiated under L/c 0.10% with min of Rs 400.00 for each transaction Export bills sent for collection and exports under consignment arrangements Rs 750.00/bill upto Rs 10.00 lac Above Rs 10.00 lacs bill-Rs1000/- per bill If entire sets of export documents have been sent by the exporter directly to the overseas buyer after complying with Foreign Exchange guidelines Rs 1000.00 per document Export L/C including, standby L/C, Letter of authority, Orders to negotiate, orders for payment and all type of documents of similar nature. Advising Commission Rs 1000.00 (for our customer); Rs 1500/- (for other for each L/c); Rs 500 for each amendment (for customers and other) Foreign Exchange Schedule of Charges Forex Oriental Bank of Commerce |