Central Bank of India Forex

Hello sir would you please provide me REVISED SERVICE CHARGES ON FOREIGN EXCHANGE TRANSACTIONS declared by Central Bank of India

Central Bank of India has declared REVISED SERVICE CHARGES ON FOREIGN EXCHANGE TRANSACTIONS Forex which is given below please have a look on that

For each Foreign Currency and Rupee Bill
Purchased/ Discounted/ Negotiated
Rs. 1000/- flat per bill (with maximum 4
GR/ SDF/ Softex.)

Collection/Bills under PCFC/ EBRD &
Export documents forwarded to other Bank in
India for realization
Rs 250/ additional for each additional
GR/SDF/ Softex

Reimbursement Charge under LC for
Exports
Rs. 1000/- flat per reimbursement.

Issuance of guarantee/ indemnity on behalf
of exporter favoring overseas bank for
Releasing payment by them against discrepant
Documents under export LC
0.25% of bill amount
- Min. :Rs. 500/-.

All overdue export bills
(Purchased/Discounted/Negotiated sent on
Collection/ and under EBRD.
Flat Rs 500/- per bill per quarter or part
Thereof. (For the period from due date to
date of realization)

Direct Bills i.e., Exporters send bills
Directly to overseas buyer after observing
FEMA provisions such as:
100% advance payment received;
Transaction covered under irrevocable L/C
And L/C terms permit or
Where Central office has given special
Approval
Rs. 250/- per GR/SDF/Softex
- Min.: Rs 1000/-

Where pre-shipment advance has been
granted by our Bank against LC/Export order
but the documents under the relative LC /
Export orders are negotiated through another
Bank.
Commission in lieu of Exchange @ 0.04%
- Min. :Rs. 500/-
- Max. Rs. 25,000/-

Advising Letters of Credit
Rs. 1000/- per LC.
Advising Amendments
Rs. 500/- per amendment

For complete foreign exchange rates please have a look on the below given PDF file

Attached Files Available for Download

foreign exchange rates.pdf (54.8 KB, 19 views)

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Answered By StudyChaCha Member