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Sr. No Type of Transaction Existing Service Charge Revised Service Charge wef 01.10.2018
1 EXPORTS
1(a) For each export bill purchased/discounted or negotiated 0.125% of the bill amount, subject to a minimum of USD 20 or equivalent 0.125% of the bill amount, subject to a minimum of USD 50 or equivalent.
1(b) Where the Bank sends the bill for negotiation to another bank (due to reasons of restriction of negotiation or confirmation of L/C by the latter, etc) 0.125% of the bill amount, subject to a minimum of USD 20 or equivalent 0.125% of the bill amount, subject to a minimum of USD 50 or equivalent
1(c) Bill Discounting (post Acceptance out of Pocket expenses Including Swift and Postage Charges) Sr. No Amount Charge
1 Up to USD 500,000 USD 250
2 USD 500,001 to USD 1,000,000 USD 350
3 Above USD 1.00 Mn USD 500.00
Charges are indicative, and Chief Executive have the discretion to waive, reduce or modify the above charges depending upon the value of client and business proposition.
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1(d) For joining in customer's guarantee or giving guarantees on behalf of customers for discrepancies 0.0625% of the guarantee amount subject to a minimum of USD 20 or equivalent 0.0625% of the guarantee amount subject to a minimum of USD 50 or equivalent
1(e) For collection bills - Documentary 0.125% of the bill amount, subject to a minimum of USD 20 or equivalent 0.125% of the bill amount, subject to a minimum of USD 20 or equivalent
1(f) Advising Letters of Credit SGD 70 or equivalent for each L/C and for each amendment SGD 100 or equivalent for each L/C and for each amendment
1(g) For adding confirmation to an Export L/C, where the L/C is restricted to us for negotiation and discounting to be done as per terms of L/C Interest spread over applicable LIBOR and / or commission as per L/C terms, subject to our prior approval. Interest spread over applicable LIBOR and / or commission as per L/C terms, subject to our prior approval
1(h) Transfer of Letter of Credit Minimum charges of USD 20 Minimum charges of USD 50
1(i) Overdue Export Bills An additional commission eqvt to 0.0625% subject to a minimum of USD 20 or equivalent An additional commission eqvt to 0.0625% subject to a minimum of USD 50 or equivalent
2 IMPORTS
Sr. No Type of Transaction Existing Service Charge Revised Service Charge
2(a) Establishing Letter of Credit - Sight 0.125% of the L/C amount, per month or part thereof, subject to a Minimum of USD 50 per L/C 0.125% of the L/C amount, per month or part thereof, subject to a Minimum of USD 50 per L/C
2(b) Establishing Letter of Credit - Usance In addition to the charges applicable for sight L/C, usance charges @ 0.125% per month or part thereof, subject to a minimum of USD 50 In addition to the charges applicable for sight L/C, usance charges @ 0.125% per month or part thereof, subject to a minimum of USD 50
2(c) Establishing Letter of Credit with 100% cash margin 25% of the charges as above, subject to a minimum of USD 50 25% of the charges as above, subject to a minimum of USD 50
2(d) Amendment - Extension of Validity 0.125% per month or part thereof, for the period of extension, subject to a minimum of USD 50 for any amendment 0.125% per month or part thereof, for the period of extension, subject to a minimum of USD 100 for any amendment
2(e) Amendment - Enhancement of the Value 0.125% per month or part thereof, on the enhanced value of the L/C for the residual validity period of the L/C, subject to a minimum of USD 50 for any amendment 0.125% per month or part thereof, on the enhanced value of the L/C for the residual validity period of the L/C, subject to a minimum of USD 100 for any amendment
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2(f) Any other amendment At a flat rate of USD 50 At a flat rate of USD 100
2(g) Import Bills for collection 0.125% of the bill amount, subject to a Minimum of USD 50 per bill 0.125% of the bill amount, subject to a Minimum of USD 50 per bill
2(h) Import Bill negotiation 0.125% of the bill amount, subject to a Minimum of USD 50 per bill 0.125% of the bill amount, subject to a Minimum of USD 50 per bill
2(i) Retention charges 0.125% of the bill amount if the bill is not paid within 30 days, if the collecting bank requests such retention. 0.125% of the bill amount if the bill is not paid within 30 days, if the collecting bank requests such retention.
2(j) Refund for Cancellation of L/Cs If the residual validity is 2 months and above, then 50% of the charges recovered for the unexpired period of validity. If the residual validity is 2 months and above, then 50% of the charges recovered for the unexpired period of validity.
2(k) Discrepancy charges - To be recovered from the proceeds of the bills at a flat rate of USD 100 or equivalent. To be recovered from the proceeds of the bills at a flat rate of USD 100 or equivalent
for discrepancies in the documents submitted under L/Cs opened by us
3 Collection of Clean  Instruments
3(a) Clean cheques / DDs etc. - For instruments for value; Up to SGD 100    = Nil SGD 100 & above = SGD 5.00 For instruments for value; Up to SGD 100    = Nil SGD 100 & above = SGD 5.00
Received from our own branches for collection and remittance to their Nostro accounts
3(b) Clean cheques / DDs etc. - NIL NIL
Received from our customers for collection and crediting to their own accounts
4 INWARD REMITTANCES
4(a) Clean Remittances received for credit of our customers' accounts with us NIL NIL
4(b) Clean Remittances received for payment to a non-customer Minimum USD 10 or equivalent Minimum USD 10 or equivalent
5 OUTWARD REMITTANCES
5(a) Clean Remittances for payment to an account with our own branches Customers having functional Trade Facility / Maintaining a sizeable deposit* with us Customers having functional Trade Facility / Maintaining a sizeable deposit* with us
NIL   -   Only   swift   charges   of   US$   20.00   or equivalent NIL   -   Only   swift   charges   of   US$   50.00   or equivalent
Customers NOT having functional Trade Facility / NOT Maintaining a sizeable deposit* with us Customers NOT having functional Trade Facility / NOT Maintaining a sizeable deposit* with us
NIL   -   Only   swift   charges   of   US$   40.00   or equivalent NIL   -   Only   swift   charges   of   US$   50.00   or equivalent
5(b) Clean Remittances for payment to an account not maintained with our own branches Customers having functional Trade Facility / Maintaining a sizeable deposits* with us Customers having functional Trade Facility / Maintaining a sizeable deposits* with us
NIL   -   Only   swift   charges   of   US$   20.00   or equivalent NIL   -   Only   swift   charges   of   US$   50.00   or equivalent
Customers NOT having functional Trade Facility / NOT Maintaining a sizeable deposit* with us Customers NOT having functional Trade Facility / NOT Maintaining a sizeable deposit* with us
NIL   -   Only   swift   charges   of   US$   40.00   or equivalent NIL   -   Only   swift   charges   of   US$   50.00   or equivalent
6 GUARANTEES / STANDBY LETTERS OF CREDIT
6(a) Guarantee in favour of shipping companies for clearance of goods pending production of Bill of Lading, relating to L/Cs opened by the Bank USD 50 per Guarantee USD 100 per Guarantee
6(b) Guarantee in favour of shipping companies for clearance of goods pending production of Bill of Lading, relating to imports not covered under L/C @  0.0625%  per month,  with minimum USD 50 @  0.0625%  per month,  with minimum USD 100
6(c) Bid Bond/Earnest Money/Advance Payment/Performance Bond and any type of guarantees on behalf of our own customers @ 1.00% per annum, minimum chargeable for a period of three months, subject to a minimum charge of USD 50 @ 1.00% per annum, minimum chargeable for a period of three months, subject to a minimum charge of USD 100
6(d) Ali types of Bank Guarantees issued, backed, by Counter Guarantees of our own branches @ 0.50% per annum, minimum chargeable for a period of three months, subject to a minimum charge of USD 50 @ 0.50% per annum, minimum chargeable for a period of three months, subject to a minimum charge of USD 100
6(e) Ali types of Bank Guarantees issued, backed by Counter Guarantees / Counter Indemnities of another Bank @ 0.75% per annum, minimum chargeable for a period of three months, subject to a minimum charge of USD 50, to be shared equally with the branch @ 0.75% per annum, minimum chargeable for a period of three months, subject to a minimum charge of USD 50, to be shared equally with the branch
6(f) All types of Bank Guarantees issued against 100% cash margin 25%   of  normal   charges,   as above, subject to a minimum charge of USD 25 25%   of  normal   charges,   as above, subject to a minimum charge of USD 100
6(g) Refund for cancellation of Guarantees If the residual validity Is 3 months and above, then 50% of the charges recovered for the unexpired period of validity. If the residual validity Is 3 months and above, then 50% of the charges recovered for the unexpired period of validity.
6(h) Standby Letters of Credit As applicable to different types of Guarantees, shown above As applicable to different types of Guarantees, shown above
7 Other Charges If any
7(a) Swift Charges (Other than Transaction) -- USD 100 Per SWIFT
7(b) Courier/ Postage Charges -- USD 50
7(c) Processing Charges -- 0.175 pc of loan amount.
CE have discretion to waive/ give concession as per business consideration.