International Tariffs

 

 

TARIFFS ON INTERNATIONAL SERVICES

Effective from 1st September 2016

  LKR Account 
(Rs.)
Foreign Currency Accounts 
(USD)

Foreign Currency Notes

   
Sales Commission (“Issuing”)    
     
* Foreign currency Notes total value 1% subject to minimum commission of Rs 500- Nil
     
* Migration purpose Documentary charges (Form 4) 2,500  25 -
     
Purchase Commission (“Encashment”)    
* Account Credit or Cash Payment    
     
Foreign Currency Notes Nil Nil
     
     

INWARD REMITTANCES

   

Commission

   
* Processing charges Credits to LKR Accounts 200/‐ Nil
     
* Credits to Foreign Currency Accounts Nil USD /- or equivalent
     
* On personal application & identification* 150/‐
Exceptions:
  • Commission as per “International Recall Printout” through Virtual Banking
  • No commission on Moneygram,Xpress Money, Coinstar and Ria
 
     
* Credit to an A/c with other Banks
(Applicable to International Remittance Dept.)
   
     
By RTGS 650/‐  
By SLIPS 100/‐  
By SWIFT (In Out) ‐ 103** 10‐ or equivalent
‐202 40/‐
    ** exception:
   
  • Pls charge commission as per the agreement
  • Delma/Majan OTT’s through SWIFT ‐ USD 5/‐
     
* Cancellation for Inward Remittances    
Banks 15/‐
Vostro cancellation
Banks 1,500‐ 15/‐
Non Banks As per agreement
CBSL RTGS cancellation 1,000/‐
     
* Investigation ***    
Upto 3 Months Free
3 ‐ 6 Months 250/‐ per transaction or equivalent
6 ‐ 12 Months 500/‐ per transaction or equivalent
12 Months & above (maximum 06 years) 1,000/‐ per transaction or equivalent
  Regard to Charges  
     

Outward Remittances (Telegraphic Transfers)

   
(Non commercial transactions)    
     
* Commission 1,000/‐ 25/‐
     
* Swift 500/‐ 10/‐
     
If remitter requires full value to the beneficiary additional foreign bank charges should be recovered from the customer. In such cases the Swift should specifically state charges on "OUR"    
     

Other Charges

   
* Cancellation, Refund or Amendments 1,000/‐ 20/‐
Swift 500/‐ 5/‐
* Closure of Foreign Currency Account 25/‐ Applicable for FCBU A/c's
    5/‐ Applicable for all other Foreign Currency A/c’s
     

BANK DRAFTS

   

Issuing of Demand Drafts

   

Commission

   
Upto USD 1,000‐ 300/‐ 5/‐
USD 1,001‐ upto 25,000/‐ 1,000/‐ 10/‐
Above 25,000‐ 2,500/‐ 25/‐
     
Cost of Swift MT 110 500/‐ 5/‐
Courier charges (if services is required) 2,000/‐ 15/‐
     
Special tariff for Umrah/Hajj Pilgrimage    
Upto SAR 1,000/‐ 200/‐
SAR 1,001/‐ upto 5,000/‐ 500/‐
SAR 5,001/‐ upto 10,000/‐ 1,000/‐
     
Cost of SWIFT MT 110 200/‐
     

Other Charges

   
* Cancellation of drafts 750/‐ 5/‐
* Cancellation /Re‐issue of drafts 1,000/‐ 10/‐
* Stop Payments 1,500/‐ 15/‐
Swift 500/‐ 5/‐
(In addition Foreign Bank charges to be recovered from the customer)    
     

BANK DRAFTS

   

Purchase of Drafts

   
Commission    
* Drawn in Foreign Currency on Overseas Bank    
Upto USD 500/‐ 500/‐
USD 501‐ to 1,000‐ 750/‐
USD 1,001/‐ to 2,000/‐ 1,750/‐
USD 2,001/‐ to 5,000/‐ 2,750/‐
USD 5,001/‐ to 25,000/‐ 5,250/‐
Above USD 25,000/‐ 7,750/‐
     
* Crediting Foreign Currency Account   0.25% subject to minimum commission of USD 10/‐
     
* Instruments returned unpaid    
     
     
Purchase of drafts drawn on other Local Banks 0.25% Minimum 250/- Maximum 1000/- 2.5% Per Instrument
     

Commission

   
     
Drafts drawn on HNB    
Commission    
* for HNB Account Holders Nil Nil
* Payment of cash over the counters (Non Account Holders) 500/‐ Nil
     

Cheques/drafts sent for collection outside Sri Lanka

   
Commission‐Cash Letter service (USD,GBP, EURO, AUD, CAD)  Rs 1,000  USD 10
     
     
Commission ‐ clean collection Rs 1,000 USD 10
(Subject to foreign bank charges)    
     
Collection returned 500/‐ 5/‐
(in addition Foreign Bank charges to be recovered from the customer)    
     

US DOLLAR LOCAL CHEQUES CLEARING

   

Commission

   
* Drafts Drawn on other banks in Sri Lanka and sent for collection Rs 500- per instrument 0.125% Subject to minimum commission of USD 10/-
* Drafts drawn on branches on International Div in USD Currency Nil Nil
     

BONDS AND GUARANTEES

   
* Bid Bonds, Performance Bonds, Retention Bonds, Letters of Guarantee & Advance Payment Guarantee issued on Customers request (subject to availability of credit limits)    
Commission 2% p.a subject to minimum comm 3,500/‐ 2% p.a subject to minimum commission 35/‐
Swift 2,500/‐ 25/‐
     
* Amendments/Extension    
Commission 2,500/‐ 25/‐
Swift 500/‐ 5/‐
     
* Value Enhancement (subject to availability of credit limits) 2% p.a 2% p.a
Commission to be charged on pro‐rata basis +    
commission charges by correspondent bank.    
     

Other Charges

   
* Cancellation of Guarantees 250/‐  
* Guarantees issued against Cash or Letter of Set‐off 1% 1%
over NRFC/FD/Certificate of Deposit/Savings Deposit    
Commission    
To be charged on pro‐rata basis for component covered by deposits    
Swift 2,500‐ 25/‐
     
* Charges for value enhancement & Extension should be on the same basis as Guarantee Comm    
* guarantee commission to be shared on 75%:25% basis between the branch & International Division respectively on guarantees requested by branches to be issued by International Division, Head Office.    
     

INTERNATIONAL GUARANTEES

   
(applicable to International Division, Head Office)    
     
* Issuance against counter guarantees of other Banks    
(subject to availability of credit limits)    
Commission on the guarantee value 2% p.a subject to minimum commission of USD 250/‐
Swift 500/‐
     
* Amendment/Extension    
Commission 2,500/‐
Swift 500/‐
* Value enhancement 2% p.a subject to minimum commission of USD 250‐  
(subject to availability of credit limits)    
Swift 500/‐  
     

TARIFF ON VOSTRO ACCOUNTS

   
(Applicable to International Div, Head Office)    
     
* Statement on Accounts    
Daily 10,000/‐  
Weekly 500/‐ per week = Rs 2,000‐ per month  
Fortnightly 500/‐ per fortnight = Rs 1,000‐ per month  
Monthly Nil ‐ by mail  
Additional statement by request 500/‐ per statement  
     
* Postage/Courier charges for Balance Confirmation  Rs 1,000  USD 10/‐
     
* Stop Payment Drafts 250/‐ or in equivalent  
     
* Cancellation‐Inward Remittance    
Banks 1,500/‐ or equivalent  
Non Banks As per agreement  
* Through SLIPS 100/‐  
* RTGS charges for Rupee transfers 650/‐ per item  
* Back valuation USD 25/‐ + Interest Prime Rate + 2%  
     
* Investigation/Queries    
Upto 3 months free  
3 ‐ 6 months 250/‐ per trans. Or equiv.  
6 ‐ 12 months 500/‐ per trans. Or equiv  
12 months & above 1,000/‐ per trans or equiv.  
* Closure of Accounts USD 15‐ or equiv.  
Interest on debit balances Customer rate applicable on Temporary  
  Overdrafts  
Interest on credit balances* Interest rate applicable to NRFC Savings  
*(Applicable only for Foreign Currency Vostro Accounts with a balance in exess of USD 10,000/‐ or in equiv.)    
     
NB: Any deviation from the above Tariff require written approval from relevant authorities and should be incorporated in the credit proposal of the customer)