Service Charges
DRAFTS/BANKERS CHEQUE CHARGES
| Sl/No. | Limit | INR REMITTANCE/MCC DRAFTS(INDIA) |
|---|---|---|
| a | Up to Nu.100,000 | Nu. 35 /- |
| b | Nu. 100,001 to 1,000,000 | Nu. 2.00 per 1,000 (Min Nu.35 and Max Nu.2,000) |
| c | Above Nu. 1,000,000 | Nu. 1.75 per 1,000 (Min. Nu.2,000 & Max. Nu.15,000) |
| Sl/No. | Limit | TT/BANKERS CHEQUE(WITHIN BHUTAN) |
|---|---|---|
| a | Up to Nu. 100,000 | Nu. 35 /- |
| b | Nu. 100,001 to 1,000,000 | Nu. 2.00 per 1,000 (Min Nu. 35 and Max Nu. 2,000) |
| c | Above Nu. 1,000000 | Nu. 1.75 per 1,000 (Min. Nu. 2,000 & Max. Nu. 15,000) |
| CANCELLATION/ ISSUANCE OF DUPLICATE/ RE-VALIDATION OF DRAFTS |
|---|
| Nu. 100 /- per instrument |
| STOP PAYMENT CHARGE FOR DRAFT |
|---|
| Nu. 50 per instrument |
| DD PURCHASE – BOTH GOVERNMENT & PUBLIC |
|---|
| Max. Nu. 100 |
| OC PURCHASE- BOTH GOVERNMENT & PUBLIC |
|---|
| 0.5% of value (Max. Nu. 20,000) |
| COLLECTION OF CHEQUES AND DRAFTS WITHIN BHUTAN |
|---|
| Free of charge |
FOREX SERVICE CHARGES
| 1 . DOCUMENTARY LETTER OF CREDIT-IMPORT (BOTH FOREIGN CURRENCY & INDIAN RUPEE)TT/BANKERS CHEQUE(WITHIN BHUTAN) | ||
|---|---|---|
| a | Bill charges | Nu. 35 /- |
| b | Nu. 100,001 to 1,000,000 | Nu. 2.00 per 1,000 (Min Nu. 35 and Max Nu. 2,000) |
| c | Above Nu. 1,000,000 | Nu. 1.75 per 1,000 (Min. Nu. 2,000 & Max. Nu. 15,000) |
| 2 . COLLECTION – IB/CBC (IN FC) | ||
|---|---|---|
| a | IB including immediate credit | 1% (Min. Nu.75) |
| b | CBC – CHEQUES/DRAFTS SENT ON COLLECTION BASIS (IN FC) | |
| I | Up to Nu. 10,000 | Nu. 40 /- |
| II | Nu. 10,001 to 100,000 | Nu. 4 /- per 1000 & Min. Nu. 40 |
| II | Above Nu.100,0000 | Nu. 3.50/- per 1000 & Min. Nu. 400 & Max. Nu. 10,000 |
| 3 . PURCHASE/SALE OF USD TRAVELLERS CHEQUES | ||
|---|---|---|
| a | Purchase/sale of USD travellers cheques | Commission @ 1% Nu. on equivalent value |
| 4 . REMITTANCES (IN FC) | ||
|---|---|---|
| a | Drafts up to FC 1000.00 | 0.25% (Min. Nu. 100) |
| b | Drafts above FC 1000.00 | 0.25% (Min. Nu. 250) |
| c | Outward Transfer by SWIFT | 0.20% (Min. Nu. 500) plus transmission charges of Nu. 500 for TTs & Nu. 1,000 for LCs |
| d | Inward Transfer via SWIFT | Free of Charge |
| e | Postage Charge | Actual Postal fee (Nominal Nu. 200) |
| SERVICE CHARGE ON BANK ACCOUNT AND MINIMUM BALANCE | ||
|---|---|---|
| a | Savings account | Nu. 150 as annual account maintenance fee and minimum balance not required |
| b | Current Account | No maintenance fee but levy charges on Cheque Books |
| c | Minimum balance to open Savings Account | Nu. 500 /- |
| d | Minimum balance in Current Account | Nu. 1000 /- |
| e | Unique Account Number | Registration fee of Nu. 1999/- and Annual fee of Nu. 2000/- (inclusive of the existing annual maintenance charge of Nu. 150) |
| CHEQUE BOOK CHARGES FOR CURRENT ACCOUNT | ||
|---|---|---|
| a | First CD cheque book (50 Leaves) | Free of Charge |
| b | Subsequent issuance | Nu. 50 /- |
| c | Personalized CD cheque book | Nu. 200 /- |
| CHEQUE BOOK CHARGES FOR SAVINGS ACCOUNT | ||
|---|---|---|
| a | First SB cheque book (25 Leaves) | Free of Charge |
| b | Subsequent issuance | Nu. 25 /- |
| c | Personalized SB Cheque book | Nu. 100 /- |
| CHEQUE RETURN CHARGES INTRA BANK | ||
|---|---|---|
| a | First Cheque book |
Nu. 1,000 per cheque for each occurrence. After the third occurrence, the account holder will be barred from cheque facility for 3 years and remaining cheques should be surrendered. |
| CHEQUE RETURN CHARGES INTER BANK | ||
|---|---|---|
| a | Presentment of cheque | No charge |
| b | Cheque returned for insufficient funds |
Nu. 1,000 per cheque for each occurrence. After the third occurrence, the account holder will be barred from cheque facility for 3 years and remaining cheques should be surrendered. |
| c | Cheque returned for no endorsement by the bank | Nu. 100 /- |
| d | Late delivery of delivery statement | Nu. 100 /- |
| e | Second presentment | No charge |
| f | Presentment of postdated cheque | Nu. 100 /- |
| g | Presentment of stale dated cheque | Nu. 100 /- |
| STOP PAYMENT CHARGE FOR CHEQUE |
|---|
| Nu. 50 per instrument |
| CHARGES FOR USING BANKS OWN ATM (ON-US TRANSACTION) | ||
|---|---|---|
| a | Financial (Cash withdrawal) | Free of Charge |
| b | Non-Financial (Balance enquiry, statement print, PIN change) | Free of Charge |
| CHARGES FOR USING OTHER BANKS ATM (OFF-US TRANSACTION) | ||
|---|---|---|
| Sl. No. | Description | FS Interoperability for ATM Acquiring (ATM in Nu.) |
| a | Cash Withdrawal / Purchase | 9 /- after 5 free transaction in Month |
| b | Mini Statement | 5 /- |
| c | PIN Change | 5 /- |
| POS | ||
|---|---|---|
| a | Charges for using Banks own PoS | Free of Charge |
| b | Charges for using other banks PoS domestic | Banks are charged Nu.12 per transaction. |
| CHARGES ON BANK STATEMENT REQUEST |
|---|
| Nu. 10 /- per page for a printed Bank statement |
| CHARGES ON INQUIRY RELATING TO OLD RECORDS OF MORE THAN 12 MONTHS | ||
|---|---|---|
| Sl. No. | Period/Duration | Charges per record |
| a | 1 year to less than 2 years | Nu. 200 /- |
| b | 2 years to less than 3 years | Nu. 300 /- |
| c | 3 years & above | Nu. 500 /- |
| LOCKER – YEARLY RENT | ||
|---|---|---|
| a | Small | Nu. 1,000 /- |
| b | Medium | Nu. 1,200 /- |
| c | Big | Nu. 1,400 /- |
| d | Large | Nu. 2,000 /- |
| e | Extra Large | Nu. 2,400 /- |
| f | Security Deposits | Twice the rent |
| g | Lost Keys | Nu.500 /- plus actual cost of repair |
| SAFE CUSTODY – YEARLY FEE | ||
|---|---|---|
| a | For Sealed Envelope | Nu .200 /- p.a* per Lodgment (per Envelope) |
| b | For Sealed Box (not exceeding size 20cm * 14cm * 9cm) | Nu. 400 /- p.a* per Lodgment (per Box) |
| c | Bank’s Own Deposit Receipts/ Documents | Nill |
BANK GUARANTEE CHARGES
| 1. INLAND BG CHARGES FOR EMD & BID GUARANTEE | ||
|---|---|---|
| Sl. No. | Limits | Fixed Rates |
| a | Up to to Nu. 250,000 /- | Nu. 1,000 /- |
| b | Above Nu. 250,000 /- to Nu. 500,000 /- | Nu. 2,000 /- |
| c | Above Nu. 500,000 /- to Nu. 1000,000 /- | Nu. 3,500 /- |
| d | Above Nu. 1000,000 /- | Nu. 5,000 /- |
| 2. INLAND BG CHARGES FOR PERFORMANCE AND OTHER GUARANTEE | ||
|---|---|---|
| Sl. No. | Limits | Rates (%) |
| a | Below Nu. 10 Million | 3% p.a for actual no. of days (minimum Nu. 500 /-) |
| b | Nu. 10 Million to less than 50 Million | 2% p.a for actual no. of days (minimum Nu. 25,000 /-) |
| c | Nu. 50 Million to less than 100 Million | 1.5% p.a for actual no. of days (minimum Nu. 83,333 /-) |
| d | Nu. 100 Million and above | 1% p.a for actual no. of days (minimum Nu. 100,000 /-) |
| 3. FOREIGN BG CHARGES FOR EMD & BID GUARANTEE | ||
|---|---|---|
| Sl. No. | Limits | Rates (%) |
| a | Below Nu. 10 Million | 2% p.a for actual no. of days (minimum Nu. 500 /-) |
| b | Nu. 10 Million to less than 50 Million | 2.% p.a for actual no. of days (minimum Nu. 16,667 /-) |
| c | Nu. 50 Million to less than 100 Million | 2% p.a for actual no. of days (minimum Nu. 62,500 /-) |
| d | Nu. 100 Million and above | 2% p.a for actual no. of days (minimum Nu. 83,333 /-) |
| 4. FOREIGN BG CHARGES FOR PERFORMANCE AND OTHER GUARANTEE | ||
|---|---|---|
| Sl. No. | Limits | Rates (%) |
| a | Below Nu. 10 Million | 3% p.a for actual no. of days (minimum Nu. 500 /-) |
| b | Nu. 10 Million to less than 50 Million | 2% p.a for actual no. of days (minimum Nu. 25,000 /-) |
| c | Nu. 50 Million to less than 100 Million | 2% p.a for actual no. of days (minimum Nu. 83,333 /-) |
| d | Nu. 100 Million and above | 2% p.a for actual no. of days (minimum Nu. 125,000 /-) |
| GIFT / BHUTAN INTER-BANK REAL TIME (BIRT) – Fund Transfer System | ||
|---|---|---|
| 1 | BULK | Free for both Inward and Outward |
| 2 | BITS | |
| a. Inward | Free of charge | |
| b. Up to Nu. 1,000,000 | Nu. 20 flat transaction fee per transaction irrespective of amount up to Nu. 1 Million. BITS facilitates one to one funds transfer from Nu. 1 to Nu. 1 Million. | |
| 3 | RTGS | |
| a. Inward | Free of charge | |
| b. Above Nu. 1,000,000 | Nu. 50 flat transaction fee per transaction irrespective of amount above Nu. 1 Million. RTGS is high value funds transfer system Nu. 1 Million and above. | |