Indian Overseas Bank, Bangkok – PROPOSED SERVICE CHARGES wef 01.01.

2019

Particulars Reference Proposed

Amount/Charge
(in THB)
Minimum balance in THB Current Account End of day 10,000
Minimum balance in THB Savings Account End of day 1,000
Minimum balance in FC Retail Account (USD/EURO) End of day 100
Minimum amount for opening Term Deposit 10,000
Charges for not maintaining minimum balance of THB 10,000 in Current Per Month 150
Accounts.
Charges for not maintaining minimum balance in Savings Accounts. Per Month 100
Maintenance Fee for Inoperative Accounts over one year Per 06 Months 250
Activation charge for Inoperative Accounts Per Activation 250
Charges for Closing Account within 03 months of opening One Time 500
Cheque Return (Current Account) Per instrument 350
Issue of Cheque Book (Current Account) Per Cheque leaf 17
Cheque Stop Payment Charges Per Cheque 200
Outstation Cheque Collection charges Per Cheque 0.15% of Value of
Cheque with
minimum of 50
Standing Instruction Per Execution 35
Additional Monthly Statement / Old Statement request Per Month 100
Document Searching Charges
Less than 6 months Separate from 150
6 months to 1 Year Additional / Old 500
Over 1 Year Statement 1000
charges as
mentioned
above.
Balance Confirmation Certificate Per Account 150
Issue of any other certificates including audit certificates. Per Certificate 250
Fax Charges Per Page 50
Courier Charges Per Courier Actual
SWIFT Charges Per Message 600
Letter of Guarantee – With 100% Cash Margin Per Annum 1%
Letter of Guarantee – Others Per Annum 2%
Expired Guarantees – Till return of Original Guarantee Per Annum 2%
Guarantee Commission will be charged Quarter wise, with any number of days below 1 Quarter
counted as a Quarter. Minimum guarantee commission, THB 500/-.
Shipping Guarantee Per Item 1000
Processing Charges for Working Capital Limits both Fund Based and Non-Fund Every 3500
Based, Limit upto THB 10 Million. Processing; New
Above 10 Million Upto 25 Million / Renewal with 7000
Above 25 Million Upto 50 Million or without 10000
Above 50 Million modification of 15000
 limits / adhoc
sanctions.
Upfront Fee for Term Loans One Time 0.25% of Loan
Amount
Processing Charges for Overdue TR / PC / IVF 150 Per TR / PC / IVF
Prepayment Penalty: Within 06 months of availment On prepaid 3%
Within 06 – 18 months of availment portion of the 2%
After 18 months loan. 1%
Outward Remittances: *
Indian Rupee Demand Drafts drawn on Indian branches Per DD 300
Indian Rupee Remittance to beneficiary Banks in India UPTO THB 50,000 Per Remittance Customer – 150
Non Customer - 200
Indian Rupee Remittance to beneficiary Banks in India ABOVE THB 50,000 Per Remittance Customer – 300
Non Customer - 350
Bahtnet: Transferor (Outward Remittance) Per Transfer 150
Bahtnet: Transferee (Inward Remittance) Per Transfer 100
Cashier Cheque Per Cheque 60
DD Cancellation / Revalidation Per DD 150
* Any charges outside Thailand are for the account of the beneficiary.
Inward Remittance:
Upto USD 1,000 or its equivalent Per Remittance 400
Above USD 1,000 or its equivalent Per Remittance 600
Additional Charges for Holding IR beyond 1 Month from its Value Date without Per Remittance 600
conversion p.m. additionally
Opening Letter of Credit:
Commitment Charges: Foreign LC ¼%, Min 1,500 for
every 3 Months
Commitment Charges: Inland LC 1/5%, Min 1,500 for
every 3 Months
Engagement Commission for Usance LCs both domestic and foreign LC 1/8% For First
Quarter, thereafter
1/16% per Month
Back to Back LC Per Quarter 0.50%, Min 1,500
Standby LC Per Annum 2.5%, Min 1,500
LC Swift Charges (Full text operative LC/LG) Per Message 1,100
By Mail Per Message 500
Amendment/Extension of Validity / Amount Change At the rate of
commitment
Charges applicable
at the time of
opening of LC
Other Amendments Per Amendment 750 + SWIFT Charges
Import Bills:
Commission for Direct Bills transferred to TR Per Bill 200
Import Bills transferred to TR Per Bill 0.125%, Min 1,000
Import Bills for Collection Per Bill 0.125%, Min 1,000
Documents released free of payment Per Bill 1,000
Overdue Import Collection Bills Per Bill 200, plus 100/- for
every quarter
exceeding 3 Months
of Due Date
Domestic Inward Bill transferred to TR 600
Extension of Due Date of TR Per TR 200
Handling Charges for dishonor / return of: 1500
Import Bills
Countersigning / Co-acceptance / Avalazisation of Import Bills 0.40%, Minimum
2500
Exports Bills/LC:
LC Advising Charges Customer- 1000
Non Customer -1500
Advising Amendments Customer- 500
Non Customer- 1000
Advising LC / Amendments through Other Banks USD 75
Transfer of LC 1/8%
LC Confirmation 75% of the LC
Issuance Charges,
Min 1500
Negotiation Charges 1000 + 350 Postage
Discrepancy charges in case of Non-Conforming documents LC USD 75 or its
equivalent THB
Invoice Attestation Fee 100
For issuance of Other Certificates relating to Trade Finance 200
Handling Charges for dishonor / return of:
Export Bills 750
If Bills are not retired within 10 days 0.15%, Minimum
1,000
Documents directly sent to Overseas buyer 750 per bill
In case of Overdue Export bills where funds has not been received / credited to 500 Per Quarter
our Nostro Account on due date.
Issuance of Delivery Order in absence of original Bill of Lading to get the goods 750 per Delivery
released. Order
Inland LC Negotiation:
If Charges to Opening Bank 1,000
If Charges to Beneficiary 500
Collection Charges 1/8%, Min 750
Commission in lieu of Exchange 1/8% + 350 Postage
Courier Charges Actual cost
SWIFT Charges 750
Issuing Cashier Cheque for export proceeds 750
Foreign Currency Cheque Collection 500 + Postage (THB
350 for Cheque on
New York, Actual
Charges for Cheques
on other Cities)
Foreign Currency Cheque Above Charges +
Interest
Traveller’s Cheque 2%
Extension of Forward Contract 1,500
Locker Charges:
Customers hiring lockers have to maintain Fixed Deposit with the Bank for an amount Not Less than
05 times the Annual Rent of the locker hired.
Rent: Small 1000
Medium 1500
Large 3000
Very Large 5000
Photocopy Charges 5 per copy(A4)
* Chief Executive / Country Head of the branch will have the discretion to waive a Specific Charge to a
customer, depending on the value of business connection.