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Transcript of FOR INLAND, FOREIGN EXCHANGE TRANSACTIONS WITH ... - IFIC · PDF filefor inland, foreign...
BANK CHARGES & COMMISSIONS
FOR INLAND, FOREIGN EXCHANGE TRANSACTIONS
AND LOANS & ADVANCES
WITH EFFECT FROM OCTOBER 25, 2015
INTERNATIONAL FINANCE INVESTMENT AND COMMERCE BANK LIMITED HEAD OFFICE, BSB BUILDING (8TH - 10TH & 16TH – 19TH FLOORS)
8, RAJUK AVENUE, GPO BOX # 2229, DHAKA – 1000, BANGLADESH
TELEPHONE NOS. 9563020, 9562060, 9562062, 9562068, FAX 880-2-9562015
INTERNATIONAL FINANCE INVESTMENT & COMMERCE BANK LIMITED
HEAD OFFICE, DHAKA
REVISED BANK CHARGES & COMMISSIONS (INLAND, FOREIGN EXCHANGE
TRANSACTIONS AND LOANS & ADVANCES)
A. Schedule of Bank charges & commissions (Inland):
Sl.No Particulars Nature of Charges Revised Rate of Charges
w.e.f. 25.10.2015
Head of Income A/c to be credited
1 Current Account Closing charges. Tk. 300/- + VAT
Misc. Earning
Account Maintenance
Fee
Tk. 500/- + VAT to be realized at half
yearly rest, irrespective of any amount
Service Charge
on CD A/c.
2 SND Account Closing charges. Tk. 300/- + VAT
Misc. Earning
Account Maintenance
Fee
Tk. 500/- + VAT to be realized at half
yearly rest, irrespective of any amount
Service Charge
on SND A/c.
3 Saving Account Forfeiture of interest (for
number of operations
exceeding maximum
permissible as per S.B.
rules).
Forfeiture of entire interest for the
month.
Closing charge Tk. 200/- (flat) + VAT
Misc. Earning
Account Maintenance
Fee
i)Free of charge on accounts having
average balance upto Tk. 5000/-
ii) Tk. 100/- + VAT on accounts
having average balance of Tk. 5001/-
upto Tk. 25000/- to be realized at half
yearly rest
Service Charge
on SB A/c.
iii) Tk. 300/- + VAT on accounts
having average balance of Tk.
25001/- and above to be realized at
half yearly rest
4 Smart Savings Account Account Maintenance
Fee (half yearly)
Free
Debit Card Tk. 600 + VAT
SMS Banking Free Internet Banking Free Closing Charge Tk. 200 + VAT
5 Super Saving Plus Account Maintenance
Fee
Free
6 Duranto-Student Savings
Account
Debit Card Tk. 200 + VAT
SMS Banking Free Internet Banking Free Account Maintenance
Fee
Free
Closing Charge Free 7 Sanchita –Female
Savings Account
Debit Card Tk. 600 + VAT
SMS Banking Free Internet Banking Free Account Maintenance
Fee (half yearly)
As per Central Bank Guideline
Closing Charge Tk. 200 + VAT 8 Payroll Saving Account Tariff & Charges of payroll A/c will
be realized as per signed agreement
with the company.
* VAT amount to be credited to xxxx-844160-050 (where xxxx is the Branch Code)
1
Sl.No Particulars Nature of Charges Revised Rate of Charges
w.e.f. 25.10.2015
Head of Income A/c to be credited
9 Remittance (Inland)
a) Issuance of Payment
Order (PO)/ Security
Deposit Receipt (SDR)
Charges
i) Upto Tk.1.00 lac = Tk.50/- + VAT
Commission
on PO/SDR
ii) From Tk.1.00 lac to Tk. 3.00 lac =
Tk. 75/- + VAT
iii) Over Tk.3.00 lac to Tk. 5.00 lac
=Tk.100/- + VAT
iv) Above Tk. 5.00 lac Tk. 150/- + VAT
b) Charges for PO/SDR
cancellation
Charges Tk. 100/- (Flat) + VAT Misc. Earning
c) Issuance of Duplicate
PO
Charges Tk. 100/- plus VAT and stamp
charges for indemnity at actual.
Misc. Earning
d) Issuance of Cheque on
Bangladesh Bank at the
request of the client.
Charge Tk. 300/- per instance plus VAT Misc. Earning
10 Collection of Cheques
and Inland Bills
Fee Upto Tk. 1 lac = @ 0.15% min.
Tk. 100/- + VAT
Commission on
ODBC/OBC
Upto Tk. 5 lac = @ 0.15% min.
Tk.250/- + VAT
Above Tk. 5 lac = @ 0.05% min.
Tk.800/- max. Tk.1,500/- + VAT
Postage Recovery At actual mini. Tk. 50/- + VAT
11 Standing Instruction Charges. Tk. 200/- for compliance of each
instruction + VAT
Misc. Earning
12 Godown Charge
a) Borrowers Godown
under Bank’s custody
i) Rent At actual From Borrowers A/c
ii) Insurance At actual
iii) Salary & Allowance
of Godown Staffs.
At actual
b) Bank’s Rented Godown i) Rent Rent plus 75% to meet other
maintenance cost + VAT on above
75%.
Rent on Godwon
ii) Insurance To be realized from borrower's A/c
iii) Salary & Allowance
of Godown Staffs.
To be realized from borrower's A/c * VAT (9%) to be credited
to 9900-844161-050
13 Locker & Safe Custody
Charges
a) Small size Charges Tk. 2,500/- yearly + VAT Rent on Lockers
b) Medium size Charges Tk. 4,000/- yearly + VAT -Do-
c) Large size Charges Tk. 6000/- yearly + VAT -Do-
d) Security Money
(Refundable)
Tk. 6000/- Sundry Deposit -
Security Deposit
e) Replacement of lost key Charges At actual plus handling charges @
15% of rent and VAT on handling
charge
Misc. Earning
14 a) Balance confirmation
certificate
Charges Free of cost
b) Charges for issuance of
additional balance
confirmation certificate
and solvency certificate
Charges Tk. 200/- + VAT for issuance of
Solvency Certificate / Balance
Confirmation Certificate per instance
Misc. Earning
* VAT amount to be credited to xxxx-844160-050 (where xxxx is the Branch Code)
2
Sl.No Particulars Nature of Charges Revised Rate of Charges
w.e.f. 25.10.2015
Head of Income A/c to be credited
15 Charges for issuance of
additional statement of all
types of Deposit account
(SB, CD, SND etc.)
Charges Tk. 100/- + VAT per page for current
year and
Tk. 150/- + VAT per page for each
previous year.
Misc. Earning
16 Enlistment Fees of
C & F Agent
Fee a) For Fresh enlistment Tk.20,000/-
+ VAT
Misc. Earning b) For Renewal Tk. 10,000/- + VAT
17 Cheque Return on A/c of
Insufficient Fund
Commission Tk. 150/- + VAT
Postage at actual Misc. Earning
18 Transfer of Fund as per
Instruction
Commission Tk. 150/- (Flat) + VAT Misc. Earning
19 Payment of Refund
Warrant/ Dividend
Warrant/Interest Warrant
etc (As per contract)
Fee As per contract with issuing
company Misc. Earning
20 Account transfer from one
Branch of the Bank to
another at the request of
Account Holder(s).
Charges Tk. 200/- per case + VAT Misc. Earning
21 Stop payment instruction
(All type of Accounts –
CD, SB, SND etc.)
Charges Tk. 200/- per instruction + VAT Misc. Earning
* VAT amount to be credited to xxxx-844160-050 (where xxxx is the Branch Code)
3
B. Schedule of Bank charges and commissions (Loans & Advances) :
Sl. No Particulars Nature of Charges Revised Rate of Charges
w.e.f. 25.10.2015
Head of Income
A/c to be credited
1 Issuance of
Guarantee
Commission i) @ 0.50% per qtr. or part thereof min.
Tk.1000/- + VAT
ii) Where the Bank Guarantee is fully
covered by FDR, commission to be charged
@ 0.25% per qtr. or part thereof min.
Tk.500/- + VAT
iii) Where the Bank Guarantee is partially
covered by FDR, commission to be charged
at pro-rata basis in the manner as stated
above + VAT
Commission of LG
iv) Where the Bank Guarantee is fully
covered by Cash margin, only Tk. 500/- to
be charged as Service charge + VAT.
2 Issuance of
Delivery Order
(against delivery of
goods from Bank's/
Borrower's
Godown)
Charges Tk. 100/- + VAT per Delivery Order per
account plus actual conveyance. Misc. Earning
3 Documentation
Charges (Mortgage/
Registration etc.)
Charges At actual on borrowers account plus loan
processing fee as under:
i) @ 0.15% on loan amount mini Tk. 1000/-
maxi. Tk. 5000/- + VAT ii) For subsequent enhancement/ renewal (without further registration) : 50% of above prescribed fees + VAT.
Misc. Earning
4.1 Consumer Financing
i. Easy Loan a) Loan Processing Fee a) Tk.1,500/- + VAT Loans Processing on
Loans & Advances
(Secured Personal Loan)
b) Service Charge b) Free
c) Handling Charge c) Free
d) Documentation Charge d) At actual on Borrower's A/c.
ii. Consumer Durable, Festival, Any Purpose, Home Renovation, Holiday, Emergency Medical, CNG Conversion, Marriage, Parua & Peshajeebi Loan
a) Loan Processing Fee
a) @ 2% on loan amount miniTk.3,000/- + VAT
Loans Processing on Loans & Advances
b) Service Charge
b) Free
c) Handling Charge
c) Free
d) Documentation Charge
d) At actual on borrowers A/c
e) Early Settlement Fee
e) 1% on outstanding loan amount
+ VAT Misc. Earning
* VAT amount to be credited to xxxx-844160-050 (where xxxx is the Branch Code)
4
Sl. No Particulars Nature of Charges Revised Rate of Charges
w.e.f. 25.10.2015
Head of Income A/c to be credited
iii. Auto Loan a) Loan Processing Fee
a) @ 1% on loan amount minimum Tk.7,000/- + VAT
Loans Processing on Loans & Advances
b) Service Charge b) Free
c) Handling Charge c) Free
d) Documentation Charge d) At actual on borrowers A/c
e) Early Settlement Fee e) 1% on outstanding loan amount + VAT Misc. Earning
iv. Home Loan a) Loan Processing Fee
a) No Processing Fee for loan takeover and additional refinancing
1% Processing Fee for fresh loan + VAT
Loans Processing on Loans & Advances
b) Service Charge b) Free
c) Handling Charge c) Free
d) Documentation Charge d) At actual on borrowers A/c
v. Salary Loan a) Processing Fee
1% of the loan amount + VAT
0% - 0.50% for payroll companies + VAT
0% for IFIC Staff
d) Documentation Charge At actual
4.2 Small Enterprise
Financing
i. Easy Commercial Loan
a) Loan Processing Fee a) Tk.1,500/- + VAT Loans Processing on Loans & Advances
b) Service Charge b) Free
c) Handling Charge c) Free
d) Documentation Charge d) At actual on Borrower's A/c.
ii. Retailers Loan
a) Loan Processing Fee a) @ 1% loan amount minimum Tk.2,000/- + VAT
Loans Processing on
Loans & Advances
b) Service Charge b) Free
c) Handling Charge c) Free
d) Documentation Charge d) At actual on Borrower's A/c.
iii. Transport Loan
a) Loan Processing Fee a) @ 0.50% loan amount maximum Tk.25,000/- + VAT
Loans Processing on
Loans & Advances
b) Service Charge b) Free
c) Handling Charge c) Free
d) Documentation Charge d) At actual on Borrower's A/c.
iv. Commercial House Building Loan
a) Loan Processing Fee a) @ 0.75% loan amount minimum Tk.20,000/- + VAT
Loans Processing on
Loans & Advances
b) Service Charge b) Free
c) Handling Charge c) Free
d) Documentation Charge d) At actual on Borrower's A/c.
v. Project Loan a) Loan Processing Fee
a) @ 0.25% loan amount minimum Tk.15,000/- + VAT
Loans Processing on
Loans & Advances
b) Service Charge b) Free
c) Handling Charge c) Free
d) Documentation Charge d) At actual on Borrower's A/c.
vi. Possession Right Loan
a) Loan Processing Fee a) @ 0.50% loan amount minimum Tk.3,000/- + VAT
Loans Processing on
Loans & Advances
b) Service Charge b) Free
c) Handling Charge c) Free
d) Documentation Charge d) At actual on borrowers A/c
* VAT amount to be credited to xxxx-844160-050 (where xxxx is the Branch Code)
5
Sl. No Particulars Nature of Charges Revised Rate of Charges
w.e.f. 25.10.2015
Head of Income A/c to be credited
vii. Contractor’s Loan
a) Loan Processing Fee a) @ 0.30% loan amount minimum Tk.10,000/- + VAT
Loans Processing on
Loans & Advances
b) Service Charge b) Free
c) Handling Charge c) Free
d) Documentation Charge d) At actual on Borrower's A/c.
viii. Working Capital Loan
a) Loan Processing Fee a) @ 0.25% loan amount minimum Tk.8,000/- + VAT
Loans Processing on
Loans & Advances
b) Service Charge b) Free
c) Handling Charge c) Free
d) Documentation Charge d) At actual on Borrower's A/c.
ix. Bidder’s Loan a) Loan Processing Fee
a) @ 0.25% loan amount minimum Tk.7,500/- + VAT
Loans Processing on
Loans & Advances
b) Service Charge b) Free
c) Handling Charge c) Free
d) Documentation Charge d) At actual on borrowers A/c
x. Muldhan a) Loan Processing Fee
a) @ 0.25% loan amount minimum Tk.5,000/- + VAT
Loans Processing on
Loans & Advances
b) Service Charge b) Free
c) Handling Charge c) Free
d) Documentation Charge d) At actual on Borrower's A/c.
xi. Protyasha (Women 3 Entrepreneurs Loan)
a) Loan Processing Fee a) Free
b) Service Charge b) Free
c) Handling Charge c) Free
d) Documentation Charge d) At actual on Borrower's A/c.
xii. Joyeeta (Women Entrepreneurs Loan)
a) Loan Processing Fee a) Free
b) Service Charge b) Free
c) Handling Charge c) Free
d) Documentation Charge d) At actual on Borrower's A/c.
xiii. Prantonari (Women Entrepreneurs Loan)
a) Loan Processing Fee a) Free
b) Handling Charge b) Free
c) Documentation Charge c) At actual on Borrower's A/c.
xiv. IDBP
(Export)
a) Loan Processing Fee a) (i) Upto Tk. 5.00 lac :
Tk. 500 per instance
(ii) Above Tk. 5.00 lac :
Tk. 1000/- per instance
Loans Processing on Loans & Advances
b) Service Charge b) Free
c) Handling Charge c) Free
d) Documentation Charge d) At actual on Borrower's A/c.
xv. IDBP
(Import)
a) Loan Processing Fee a) (i) Upto Tk. 5.00 lac :
Tk. 500 per instance + VAT
(ii) Above Tk. 5.00 lac :
Tk. 1000/- per instance + VAT
Loans Processing on Loans & Advances
b) Service Charge b) Free
c) Handling Charge c) Free
d) Documentation Charge d) At actual on Borrower's A/c.
* VAT amount to be credited to xxxx-844160-050 (where xxxx is the Branch Code)
6
Sl. No Particulars Nature of Charges Revised Rate of Charges
w.e.f. 25.10.2015 Head of Income
A/c to be credited
4.3 Large & Medium
Enterprise
Financing
i. Secured Over
Draft/ Loan
General (Financial
Obligation)
a) Loan Processing Fee a) For IFIC FDR/FO Tk. 2000/-
+ VAT for other Bank FDR/FO
Tk. 7000/- + VAT
Loans Processing on
Loans & Advances
b) Service Charge b) Free
c) Handling Charge c) Tk.5,000/- + VAT for Other Bank FDR/FO, if the Loan is sanctioned but not availed
Misc. Earning
d) Documentation Charge d) At actual on Borrower's A/c.
ii. Transport Loan
a) Loan Processing Fee a) @ 0.25% loan amount minimum
Tk. 15,000/- + VAT maximum Tk. 1,25,000/- + VAT
Loans Processing on
Loans & Advances
b) Service Charge b) Free
c) Handling Charge c) Tk.5,000/- + VAT, if the loan is sanctioned but not availed
Misc. Earning
d) Documentation Charge d) At actual on Borrower's A/c
iii. Commercial House Building Loan
a) Loan Processing Fee a) @ 0.25% loan amount minimum
Tk. 40,000/- maximum Tk. 1,25,000/- + VAT
Loans Processing on
Loans & Advances
b) Service Charge b) Free
c) Handling Charge c) Tk.5,000/- + VAT, if the loan is sanctioned but not availed
Misc. Earning
d) Documentation Charge d) At actual on Borrower's A/c
iv. Project Loan a) Loan Processing Fee a) @ 0.25% loan amount minimum
Tk. 50,000/- maximum Tk. 1,25,000/-
+ VAT
Loans Processing on
Loans & Advances
b) Service Charge b) Free
c) Handling Charge c) Tk.10,000/- + VAT, if the loan is sanctioned but not availed
Misc. Earning
d) Documentation Charge d) At actual on Borrower's A/c
v. Working
Capital Loan a) Loan Processing Fee a) @ 0.25% loan amount minimum
Tk. 25,000/- maximum Tk. 75,000/- + VAT
(For subsequent enhancement/ renewal
(without further registration) : 50% of
above prescribed fees)
Loans Processing on
Loans & Advances
b) Service Charge b) Free
c) Handling Charge c) Tk.5,000/- + VAT, if the loan is
sanctioned but not availed
Misc. Earning
d) Documentation Charge d) At actual on Borrower's A/c
vi. Syndicate Loan
Charges & Fees shall be realized as per Facility Agreement or Lead Bank arrangement
* VAT amount to be credited to xxxx-844160-050 (where xxxx is the Branch Code)
7
Sl. No Particulars Nature of Charges Revised Rate of Charges
w.e.f. 25.10.2015
Head of Income A/c to be credited
vii. IDBP a) Loan Processing Fee a) (i) Upto Tk. 5.00 lac :
Tk. 500 per instance + VAT
(ii) Above Tk. 5.00 lac :
Tk. 1000/- per instance + VAT
Loans Processing on
Loans & Advances
b) Service Charge b) Free
c) Handling Charge c) Free
d) Documentation Charge d) At actual on Borrower's A/c.
4.4 Agriculture Financing
i. Krishi Saronjam Rin a) Loan Processing Fee a)(i) Upto 5 lac : Tk.500/- + VAT
(ii) above 5 lac to 10 lac : Tk.1,000/- + VAT
Loans Processing on
Loans & Advances
(iii) above 10 lac: Tk.1,500/- + VAT
b) Service Charge b) Free
c) Handling Charge c) Free
d) Documentation Charge d) At actual on Borrower's A/c.
ii. Shech Saronjam Rin a) Loan Processing Fee a) Tk.5,000/- + VAT Loans Processing on
Loans & Advances
b) Service Charge b) Free
c) Handling Charge c) Free
d) Documentation Charge d) At actual on Borrower's A/c. iii. Poshupokkhi &
Mutsho Khamar Rin
a) Loan Processing Fee a) i) Upto 5 lac : Tk.500/- + VAT
ii) above 5 lac: Tk.1,000/- + VAT
Loans Processing on
Loans & Advances
b) Service Charge b) Free
c) Handling Charge c) Free d) Documentation Charge d) At actual on Borrower's A/c.
iv. Phalphasali Rin a) Loan Processing Fee a) i) Upto 5 lac: Tk.500/- + VAT
ii) above 5 lac: Tk.1,000/-+ VAT
Loans Processing on
Loans & Advances
b) Service Charge b) Free
c) Handling Charge c) Free d) Documentation Charge d) At actual on Borrower's A/c.
5 Lease Finance a) Application form a) Free
b) Processing fee b) @ 0.50% loan amount minimum Tk. 15,000/- maximum Tk. 50,000/- + VAT
Loans Processing on
Loans & Advances
c) Service Charge c) Free
d) Documentation Charge d) At actual on Borrower's A/c.
6 Changing Terms &
Conditions
Charge
a) NOC for change in Board of Directors
Tk. 10,000/- + VAT Misc. Earning
b) Changing Terms of Sanction Advice
Tk. 5,000/- + VAT -Do-
c) Release of Property Tk. 10,000/- + VAT -Do-
d) Changing of Mortgaged Property Tk. 5,000/- + VAT
-Do-
e) Changing of any other
Terms
Tk. 5,000/- + VAT -Do-
* VAT amount to be credited to xxxx-844160-050 (where xxxx is the Branch Code)
8
C. Schedule of Bank charges & commissions (Foreign Exchange Transactions):
Sl.
No. Particulars Nature of Charges
Revised Rate of Charges w.e.f. 25.10.2015
Head of Income A/c to be credited
01.
Letter of Credit
i) L/C opening
commissions under cash
(sight)
ii) L/C opening
commissions under AID/Loan/Credit/Barter
iii) L/C opening
Commissions for Back
to Back L/C on A/c of
export oriented
industry
iv) L/C opening
commissions for Back
to Back L/C's other than
export oriented
Industries
v) L/C Opening
commission under
differed payment
vi) Processing Fee for L/C
Opening on case to case
basis
Commission
Commission
Commission
Commission
Commission
Fee
@ 0.40% for each quarter
Minimum Tk. 500/- + VAT
(VAT is not applicable in case of
export oriented industry)
1st quarter @ 0.50%
For each subsequent quarter @
0.30%
Minimum Tk. 500/-(VAT as per
Govt. policy)
@ 0.40% for each quarter
minimum Tk. 500/-
(VAT is not applicable in case of
export oriented industry)
1st quarter @ 0.50% plus VAT
For each subsequent quarter @
0.30% +VAT
Minimum Tk. 500/- + VAT
@ 0.50% for each quarter
Minimum Tk. 500/- + VAT
(VAT is not applicable in case of
export oriented industry)
Tk. 300/- +VAT for each L/C
(VAT is not applicable in case of
export oriented industry)
Commission on
L/C (Cash)
Commission on
L/C (Others)
Commission on
L/C (BB)
Commission on
L/C (BB)
Commission on
L/C (BB)
Commission on
L/C (BB)
02. L/C opening commissions
where 100% margin is
received
@ 0.25% for each quarter
minimum Tk. 500/- + VAT
(VAT is not applicable in case of
export oriented industry)
Commission on
L/C (Others)
03 Collection of Credit Report
on the beneficiary of the
L/C by SWIFT
At Actual plus Tk. 500/-
+VAT for each communication
(VAT is not applicable in case of
export oriented industry)
SWIFT Recoveries
04. Acceptance Commission
under Deferred payment
L/C's (Including B.B. L/Cs)
@ 0.40% for each quarter
+ VAT (VAT is not applicable in
case of export oriented industry)
Commission on
L/C (BB)
05. L/c transmission charges :
a) By SWIFT
At actual SWIFT Recoveries
* VAT amount to be credited to xxxx-844160-050 (where xxxx is the Branch Code)
9
Sl.
No. Particulars Nature of
Charges
Revised Rate of Charges
w.e.f. 25.10.2015
Head of Income A/c to be credited
06. Amendment of L/C : a) For value increase or extension of
time, then L/C opening commission for
additional time and value should be
recovered as prescribed in the opening
stage.
b) Any other amendments Charges
a) At prescribed rate (Under Sl. No.
1 & 2) plus transmission charges
as mentioned bellow in Sl. No. 7
b) Tk. 500/- + VAT and
transmission charges as
mentioned bellow in Sl. No. 7
Comm. on L/C
07. Transmission charges for
amendment of L/C :
By Swift -
At actual
SWIFT Recoveries
08. For our arranging confirmation
from third Bank
a) For sight L/C's on opener's A/c.
b) For sight L/C's on
beneficiary's A/c.
c) For DP L/C's upto 180 days on
opener's A/c.
d) For DP L/C's upto 180 days on
beneficiary's A/c.
@ 0.20% (Flat) plus VAT and
foreign correspondent's actual
confirmation commission/ charges.
(VAT is not applicable in case of
export oriented industry)
@ 0.20% (Flat) plus VAT and
foreign correspondent's actual
confirmation commission/ charges.
(VAT is not applicable in case of
export oriented industry)
@ 0.20% (Flat) plus VAT and
foreign correspondent's actual
confirmation commission/ charges.
(VAT is not applicable in case of
export oriented industry)
@ 0.20% (Flat) plus VAT and
foreign correspondent's actual
confirmation commission/ charges.
(VAT is not applicable in case of
export oriented industry)
Commission on Add
Confirmation charge
Commission on Add
Confirmation charge
Commission on Add
Confirmation charge
Commission on Add
Confirmation charge
* VAT amount to be credited to xxxx-844160-050 (where xxxx is the Branch Code)
N.B: Concessional charges of L/c opening/ acceptance may be allowed to low risk and valued customer under
approval of Management but VAT will be realized on schedule rate.
N.B: 08(d) Rate of DP L/c’s of over 180 days and for L/Cs of big amounts, will be quoted by International Division,
Head Office by arrangement with the confirming Bank
10
Sl.
No. Particulars
Nature of
Charges
Revised Rate of Charges
w.e.f. 25.10.2015
Head of Income A/c to be credited
09.
Foreign Correspondents charges For
all types of L/C's
--
Payment charge US$ 60
Handing Charge US$ 50
against Foreign L/C + VAT
(VAT is not applicable in case of
export oriented industry)
Commission on
L/C Others
10.
Foreign correspondents charges
for amendments of L/C's.
--
On opener's A/c, Minimum Tk.
750/- plus VAT (VAT is not
applicable in case of export oriented
industry)
Commission on
L/C Others
11.
Cancellation of all types of L/Cs :
SWIFT
--
At actual
L/C Cancellation
Charge
12. IMPORT:
a) IMP/LCA/L/C application form
b) Stationery Recovery
c) Import Transaction certificate
--
Tk. 200/-
Tk. 200/-
Tk. 500/- per certificate
+ VAT
Misc. Earning
Stationery
Recoveries
Misc. Earning
13. Indemnity for shipping Guarantees
in absence of original documents,
provided full value of document is
deposited by client.
Charge Tk 750/- + VAT
(VAT is not applicable in case of
export oriented industry)
Misc. Earning
14. Interest on PAD Interest As per Lending Rate
Interest on PAD
15.
Handling of documents for LIM
& LTR
Charge
@ 0.15% on in voice value subject
to min. Tk. 750/-
max. Tk. 3,000/- + VAT
(VAT is not applicable in case of
export oriented industry)
Misc. Earning
16 Issuance of Back-to-Back L/C
Certificate.
Charges Tk. 500/- per certificate
Misc. Earning
* VAT amount to be credited to xxxx-844160-050 (where xxxx is the Branch Code)
11
Sl.
No.
Particulars Nature of
Charges
Revised Rate of Charges
w.e.f. 25.10.2015
Head of Income A/c to be credited
01. EXPORT
I)
a) Advising of Export L/c to the beneficiary:
i) L/c issued by Foreign Banks
ii) L/c issued by Local Banks
b) Advising of Export L/c to the
beneficiary:(Amendment Advice)
i) Foreign Banks.
ii) Local Banks.
c) Transfer of L/CS
d) Transfer of L/C amendment with
value
--
--
--
--
--
--
i) Tk. 750/-
ii) Tk.750/-
i) Tk. 750/-
ii) Tk.750/-
Tk. 750/-
Tk. 750/-
Comm. (Others)
Comm. (Others)
Comm. (Others)
Comm. (Others)
Comm. (Others)
Comm. (Others)
II) Adding of confirmation
III) Negotiation commission for export bills in
Foreign Currency.
IV) Negotiation commission for export bills in
Local Currency/ Proceeds received in
equivalent local currency
--
--
--
Discontinued (because it
is covered by Sl. No. 8
page No. 9)
Discontinued (as per B.B.
Circular)
Already covered under
Sl. No- IX.
Comm. on Add
Confirmation
V) Purchase/ Discount of Export
documents drawn against contract.
--
@ 0.50% of the bill value.
Nego. Comm.
on Contract
VI) Foreign Bank's Guarantee
Commission against discrepant bills.
--
At actual.
Comm. on
L/G Foreign
VII) Collecting Bank's charges abroad. --
At actual.
VIII) Processing of documents under
collection in Foreign Currency from
abroad.
-- Tk. 600/-
Comm. on FDBC
IX) Processing of documents under collection
denominated in Local Currency/ in
Foreign Currency but proceeds to be
received in equivalent to Local Currency.
--
@ 0.15% minimum
Tk. 500/- maximum
Tk.8,000/-
Comm. on LDBC
* VAT amount to be credited to xxxx-844160-050 (where xxxx is the Branch Code)
12
Sl.
No. Particulars
Nature of
Charges
Revised Rate of Charges
w.e.f. 25.10.2015
Head of Income A/c to be credited
X) Any other charges not mentioned
above.
-- At actual
Misc. Earning
XI) Mailing of Export documents. By Courier
By Post
At actual (as it is Central Bank guideline)
At actual (as it is Central Bank guideline)
Postage
Recoveries
XII) SWIFT charge for claiming
reimbursement.
-- At actual (as it is Central Bank guideline)
SWIFT Recoveries
XIII) Export bills related communications
with Foreign Banks.
--
At actual (as it is Central Bank guideline)
SWIFT Recoveries
02.
EXPORT RELATED
TRANSACTION I)
a) Export form certification
b) Stationery Recovery
c) Issuance of Export transaction
certificate plus other certificates.
II) Issuance of PRC
a) For cash assistance
b) Other purpose
--
--
--
--
--
Tk. 100/- each set.
Tk. 100/-
Tk. 500/-
Tk. 500/- Per certificate.
Tk. 500/- Per certificate.
Misc. Earning
Stationery Recoveries
Misc. Earning
Misc. Earning
Misc. Earning
III) Cash assistance documents
processing charges
IV) Issuance of NOC for 2nd Lien Banks
V) Issuance of Lien confirmation on FC
Balance for issuing international
Credit Card
--
--
--
Tk. 3000/- Per Case
Tk. 3000/- Per Case
Tk. 1000/- Per Case and
Tk. 1000/- per Renewal.
Misc. Earning
Misc. Earning
Comm. on
F. Remittance
03.
FOREIGN BANK GUARANTEE
I) Advising of Guarantees to the
beneficiary in original without any
engagement on our part.
II) Advising of Guarantees in original by
adding our confirmation.
III) Advising of Guarantee in our own
format or on the format supplied by
the opening bank with our full
engagement.
--
--
--
Tk. 1000/- (Flat) plus
VAT
0.50% per quarter or part
thereof min. Tk. 2000/- or
US$ 50 if payable by
Foreign correspondents/
Beneficiary plus VAT.
0.50% per quarter or part
thereof min. Tk. 2000/- or
US$ 50 if payable by
Foreign correspondents/
Beneficiary plus VAT.
Comm. on
L/G Foreign
Comm. on
L/G Foreign
Comm. on
L/G Foreign
* VAT amount to be credited to xxxx-844160-050 (where xxxx is the Branch Code)
Note: Sl. No. II & III : For large amounts, rate will be quoted on request by International Division, Head Office, Stamps,
Telegraphic Expenses, or out of pocket expenses, if any, will be added to the above mentioned charges.
13
Sl.
No.
Particulars Nature of
Charges
Revised Rate of Charges
w.e.f. 25.10.2015
Head of Income A/c to be credited
04. FOREIGN REMITTANCES
(INWARD)
1. Payment of any Taka Drafts issued by
Exchange house / Foreign Banks in
abroad which are drawn on our Bank.
2. Encashment of any Foreign TT in
Taka at our Counter.
3. Collection:
a) For collection of clean item
(Inward)
b) All other charges including Mail/
SWIFT
4. Encashment of any Foreign TT at our
counter
--
--
--
--
--
Free
Free
@ 0.10% (Flat) with
minimum Tk. 500/-
At actual
Free
Comm. on FBC
Postage/SWIFT
recoveries
05. FOREIGN REMITTANCES
(OUTWARD)
1. Issuance of Cash (FC)/
Endorsement in Pass-Port/Credit Card
2. Transactions by Nominee/ Account
holder in F.C. A/cs.
3. F.C. Demand Draft on
Bangladesh Bank.
4. Remittance by T.T. (F.C.) through Foreign
correspondents (Out going)
5. Cancellation of Drafts in Foreign Currencies
--
--
--
--
--
Ruling Cash selling rate
plus Tk. 300/- + VAT
Free
Tk. 500/- + VAT per
instance
Tk. 500/- per instruction +
VAT & SWIFT charge at
actual.
a) Tk. 100/- (Flat) for drafts
upto US$ 25
b) Drafts above US$ 25,
Tk. 200/- (Flat)
Comm. on Foreign
Remittance
Comm. on Foreign
Remittance
Comm. on F. Remittance
SWIFT Recoveries
Comm. on Foreign
Remittance
Comm. on Foreign
Remittance
06. PROCESSING OF STUDENT FILE
a) Opening/Renewal of Student file
(Educational remittance)
--
i) SAARC Countries &
Mayanmar -Tk. 2,000/-
+ VAT (op), Tk.500/-
+ VAT(re)
ii) All other Countries
Tk. 6000/- + VAT
(op), Tk.2000/- +
VAT (re)
Comm. on Foreign
Remittance
Comm. on Foreign
Remittance
b) Remittance of Tuition Fee/
Living Expense (per instance)
-- Tk. 1000/- + VAT Comm. on Foreign
Remittance
* VAT amount to be credited to xxxx-844160-050 (where xxxx is the Branch Code)
14
Sl. No.
Particulars
Nature of Charges
Revised Rate of Charges
w.e.f. 25.10.2015
Head of Income A/c to be credited
07.
OTHER FOREIGN
CURRENCY TRASACTION
I. a) Issuance of Foreign currency
balance certificate, Foreign
currency solvency certificate.
b) Forwarding application regarding
import registration certificate,
indentors registration certificate,
Authorised money changer
license or for special permission
etc. from Bangladesh Bank or
any other agency.
II. a) Issuance of NOC for study &
Medical treatment abroad.
b) Renewal of NOC
c) Cancellation of NOC
d) Issuance of Counter F.C. Drafts in
favour of local Banks
e) Disposal of remitted fund on A/c of
Home Remittance
III. Application/ Confirmation of
Test (Applicable for other Banks
A/cs)
IV. Issuance of Credit information of
local Firm / Companies etc.
--
--
--
--
--
--
--
--
--
Tk. 1000/- + VAT per
certificate
Tk. 1000/- +VAT
per instance
Commission Tk. 500/- + VAT
in each case.
Tk. 250/- + VAT in each case.
Tk. 250/- + VAT in each case.
Tk. 200/- + VAT per instance
to be deducted from the remitted
fund.
i) In local areas P.O. & postage
charge at actual + VAT
ii) In other areas, charges of
DD/TT & Postage charges
at actual + VAT
iii) Discontinue (due to
discontinuation of issuance of
IBCA)
Discontinue (due to auto
application system)
US$ 50 + VAT
Comm. on Foreign
Remittance
-Do-
-Do-
-Do-
-Do-
-Do-
-Do-
-Do-
-Do-
Misc. Earning
* VAT amount to be credited to xxxx-844160-050 (where xxxx is the Branch Code)
15
D. Online Transactions charge
Inter Branch Transaction between Two Branches operated under Same Clearing Zone
Transaction Amount In BDT Rate of Charges in BDT
Cash Deposit/Withdrawal Fund Transfer
Any Amount Free Free
Inter Branch Transaction between Two Branches operated under different Clearing Zone
Sl. No. Transaction Amount In BDT Rate of Charges in BDT
Cash Deposit/Withdrawal Fund Transfer
01 Less than 50,000 Free Free
02 50,000 to below 1,00,000 50 + VAT Free
03 1,00,000 to below 2,00,000 100 + VAT Free
04 2,00,000 to below 3,00,000 150 + VAT Free
05 3,00,000 to below 5,00,000 200 + VAT Free
06 5,00,000 to below 10,00,000 300 + VAT Free
07 10,00,000 to below 15,00,000 500 + VAT Free
08 15,00,000 to below 20,00,000 700 + VAT Free
09 20,00,000 to below 50,00,000 1,000 + VAT Free
10 50,00,000 & above 2,000 + VAT Free
E. Mobile Banking Transactions charge
Charge ( Tk. 18.50/1000)
Transaction costs considering transaction amount to be Tk. 1000
Service VAT Distributor
Commission
Agent
Commission
MNO
Commission Total Cost IFIC
Cash in and
cash Out 2.41 3.60 9.56
BL: 1.61
GP: 2.41
AT: 2.89
17.18
17.98
18.46
1.32
0.52
0.04
Cash in/Out at
Mobicash 18.00
18.00 0.50
16
F. Charges & Fees for IFIC Bank VISA Credit Card
Sl. No. Particulars Local Card International (Dual) Card Remarks
01 Annual Card Fee
Classic
Gold
BDT 1000 + VAT
BDT 2000 + VAT
BDT 1200 + VAT
BDT 2500 +VAT
Per Year
02 Supplementary Card Fee
Classic
Gold
2 Card Free, BDT 500 + VAT
2 Card Free, BDT 1,000 + VAT
Per Year
03 FC Activation/ Maintenance
Fee (Annually)
Classic
Gold
-
-
USD 5 +VAT, IFIC Staff: Free
USD 10 + VAT, IFIC Staff: Free
Per Year
04 Card Replacement Fee
Classic
Gold
BDT 300 + VAT
BDT 500 + VAT
BDT 300 + VAT
BDT 500 + VAT
Per Instance
05 Pin Replacement Fee
Classic
Gold
BDT 200 + VAT
BDT 200 + VAT
BDT 200 + VAT
BDT 200 + VAT
Per Instance
06 Late Payment Fee 2% Min. BDT 100 +
VAT
2% Min BDT 100 +VAT
USD 5 +VAT
Applicable when the
minimum payment due
is not paid within the
due date mentioned in
the statement
07 Cash Advance Fee
AT IFIC’s ATM
At Q-Cash Consortium ATM
At Omnibus/DBBL ATM
At other ATM
At card Division/Branches
At ATM outside Bangladesh
Free
BDT 15 + VAT
BDT 20+ VAT
BDT 100 +VAT
1% of Cash Advance
Min BDT 100 + VAT
IFIC Staff: Free
2% Min USD 3 +VAT
Per Instance
08 Duplicate Statement Fee BDT 50 +VAT
BDT 100 +VAT
For each month
(Previous) only
09 Cheque Return Fee BDT 200 +VAT BDT 200 + VAT, USD 10 +VAT Per Instance
10 Outstation Cheque Collection
Fee
BDT 100 +VAT BDT 100 +VAT, USD 10 + VAT Per Instance
11 Certificate Issuance Fee BDT 200 +VAT BDT 200 +VAT Per Instance
12 Sales Slip Verification Fee BDT 500 +VAT, USD 10 + VAT Per Instance
13 CCTV Footage (if Available) BDT 1000 +VAT or As per VISA Rule Per Instance
14 Closing Charge BDT 500 (Max) +VAT or USD 10 (Max) + VAT
* Card Fee for IFIC Bank Employees: Free for 1st year, Tk. 300/- (Classic) & Tk. 500/- (Gold) for subsequent years.
For Other Bank/Bangladesh Bank Officials: 50% discount will be allowed.
Special Discount on Card Fee:
1) 50% discount will be allowed for limits fully secured by deposits maintained with IFIC Bank and covered by 125%.
2) 50% discount may be allowed to the Person or Proprietor/Partner/Director of Business concerns having aggregate
credit limit of Tk. 20.00 lac or above with IFIC Bank.
3) 50% discount may also be allowed to the Person or Proprietor/Partner/Director of Business concerns having last one
year average balance of Tk. 20.00 lac or above in SB/CD Account with IFIC Bank
Double discount shall not be allowed. 17
G. Charges & Fees for IFIC Bank VISA Debit Card
Sl. No. Particulars Charges & Fees
01 Annual Card Fee 1st year free, Subsequent years: 500 + VAT
02 Card Replacement Fee BDT 300 + VAT
03 Pin Replacement Fee BDT 200 + VAT
04 Cash Withdrawal Fee:
At IFIC’s ATM Free
At Q-Cash consortium ATM BDT 15 + VAT
At Omnibus/DBBL ATM BDT 20 + VAT
At other ATM BDT 100 + VAT
At Card Division/Branches 1% but Min. 100 + VAT
IFIC Staff : Free
5 Sales Slip Verification Fee BDT 500 + VAT
6 CCTV Footage (if Available) BDT 1000 + VAT
H. Charges & Fees for IFIC Bank VISA Prepaid Card
Sl. No. Particulars Charges & Fees
01 Annual Card Fee BDT 250 + VAT
02 Card Replacement Fee BDT 200 + VAT
03 Pin Replacement Fee BDT 200 + VAT
04 Cash Withdrawal Fee:
At IFIC’s ATM Free
At Q-Cash consortium ATM BDT 15 + VAT
At Omnibus/DBBL ATM BDT 20 + VAT
At other ATM BDT 100 + VAT
At Card Division/Branches 1% But Min. 100 + VAT
IFIC Staff : Free
5 Duplicate Statement Fee BDT 50 + VAT per month
6 Sales Slip Verification Fee BDT 500 + VAT
7 Closing Charge BDT 500 (Max) + VAT
8 CCTV Footage (if Available) BDT 1000 + VAT
18