International Tariffs

 

 

TARIFFS ON INTERNATIONAL SERVICES

Effective from 1st September 2016

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

Foreign Currency Notes

     
Sales Commission (“Issuing”)      
       
* Foreign currency Notes total value  Auto 1% subject to minimum commission of Rs 500/- Nil
       
* Migration purpose - Documentary charges (Form 4)  Manual  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  Auto  1,000/‐  25/‐
       
* Swift  Auto  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  Manual 1,000/‐ 20/‐
* SWIFT  Manual 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

     
Up to USD 1,000/‐  Auto 300/‐ 5/‐
USD 1001 up to 25,000/‐  Auto 1,000/‐ 10/‐
Above 25,000/‐  Auto 2,500/‐ 25/‐
       
Cost of Swift MT 110
(If the draft is mailed to the payee by order of the customer a courier / postage charge to be recovered from the customer's account)
Auto
Manual
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  Manual 750/‐ 5/‐
* Cancellation /Re‐issue of drafts  Cancellation - Manual
Re-issuance - Auto
1,000/‐ 10/‐
* Stop Payments  Manual 1,500/‐ 15/‐
* SWIFT  Manual 500/‐ 5/‐
(In addition Foreign Bank charges if any to be recovered from the customer)      
       

BANK DRAFTS

     

Purchase of Drafts

     
Commission      
* Drawn in Foreign Currency on Overseas Bank      
Upto USD 500/‐  Auto 500/‐ 0.25% subject to minimum commission of 10/-
501 - 1000  Auto 750/‐
1001 - 2000  Auto 1,750/‐
2001 - 5000  Auto 2,750/‐
5001 - upto 25,000/‐  Auto  5,250/‐
Above 25,000/‐  Auto 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)
 Manual 500/‐ Nil
       

Cheques/Drafts sent for collection outside Sri Lanka

     
Commission ‐ Cash Letter Service
(USD,GBP, EURO, AUD, CAD)
 Auto  1,000/-  10/-
       
       
Commission ‐ Clean collection  Auto 1,000/- 10/-
(Subject to foreign bank charges)      
       
Collection returned   Manual 500/‐ 5/‐
(In addition Foreign Bank charges if any 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)