#1
4th December 2015, 03:38 PM
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Punjab National Bank LC Charges
Could you please give here detail of Charges on Inland Letter of Credit (LC) at Punjab National Bank?
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#2
4th December 2015, 03:42 PM
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Re: Punjab National Bank LC Charges
As you want I am here giving you Charges on Inland Letter of Credit (LC) at Punjab National Bank. Charges on Inland Letter Of Credit (LC): Name of the Items: Revised Rates: At the time of opening a) Commitment Charge (For the period of liability i.e. from the date of opening of credit to the last date of its validity): 0.30% of the LC amount for every period of three months or part thereof. (b) Usance Charges (according to the tenor of the bill at the rate of) (a) Bills up to 7 days : 0.30% of the Bill, Min. ` 500 (b) Bills over 7 days to 3 months : 0.60% of the Bill Min. `750 (c) In excess of 3 months.: 0.60% of the Bill for the first three months plus 0.30% p.m. in excess of three months, Min. `1000 (c) Amendment Charge a. If LC is amended by way of increase in amount: Both usance & commitment charges shall be levied on the amount of increase. Min. `1000.00 b. If LC is amended by way of extension of period: 0.30% of the LC amount for every extended period of three months or part thereof. Min. `1000 c. Amendment other than above: `1000 per occasion (d) Revolving Letter of Credit a. Opening Charge : Normal LC opening charge b.Reinstatement Charge : On each reinstatement, usance charges according to the tenor as stated above and Commitment charge of 0.25% on the reinstated amounts only. Here is the attachment. |