BANK OF INDIA SERVICE CHARGE REVISION W.E.F 27.02.2020

Schedule of Service Charges

Sl No Item Description Customers -New Shcedule (Excl. Excise Duty @ 20 %) Others -New Shcedule (Excl. Excise Duty @ 20 %)
1 CHEQUE BOOK Kshs.
15/- (including stamp duty of Kshs. 2.50) per leaf
For staff only stamp duty @ Kshs. 2.50 per leaf
2 WITHDRAWAL FORM/ COUNTER CHEQUES (FOR CHEQUE BOOK HOLDERS) Kshs. 50/- per Instrument (Max. withdrawal is Kshs 100,000/- per day)
3 STOP PAYMENT INSTRUCTIONS Kshs. 500/- per cheque
If entire cheque book is lost, Max.
Charge -Kshs. 5,000/-
4 STANDING INSTRUCTION i. At the time of acceptance-Kshs. 500/-
ii. Execution per instance - Kshs. 100/-
iii. Amendment / Stoppage - Kshs. 500/-
iv. Inability to carry SI on account of insufficient balance - Kshs. 1,000/-
5 SALARY PROCESSING Kshs. 150/- per Employee
6 CASH HANDLING FOR LOCAL CURRENCY (RECEIPT ONLY) Kshs. 1.00 Mn and above per day - 0.125 %
7 CASH HANDLING CHARGE FOR FOREIGN CURRENCY (RECEIPTS ONLY) In USD or Equivalent
i) Up to 5,000/- - Nil
ii) Above 5,000/- up to 10,000/- - 0.125 %
iii) Above 10,000/- up to 15,000/- - 0.250 %
iv) Above 15,000/- up to 20,000/- - 0.50 %
v) Above 20,000/- - 1 %
8 MINIMUM BALANCE CHARGES i. Current Aaccount (Average Monthly Balance Kshs. 25,000/-) - Charge Kshs.s. 500/-
ii. SB Accounts - No Charges
9 CHANGE OF SIGNATORY INCLUDING RECONSTITUTION OF ACCOUNT (ADDITION DELETION IN JOINT NAME INCLUDING LOCKER) i. Individual - Kshs. 200/-
ii. Non-Individual - Kshs. 500/- (No charge for change of name/signatory due to death of one account holder)
10 CHARGE FOR INTERNAL TRANSFER WITHOUT USING CHEQUE BOOK (FOR CHEQUE BOOK HOLDERS ONLY) Per Entry Kshs. 50/-
11 ACTIVATION OF DORMANT ACCOUNT CD Account - Kshs. 200/-
12 ACCOUNT CLOSURE CHARGES CD Account - Kshs. 1,500/-
13 LEDGER FEE/PER ENTRY SERVICE CHARGES FOR CD ACCOUNTS ONLY Per folio - Kshs. 25/- Minimum Charge per month-Kshs. 500/- (30 entries per folio) (We do not charge for OD Accounts)
14 CHEQUE RETURN (INWARD) CHARGE i. Saving Bank Account - Kshs. 500/- per cheque
ii. Current / Overdraft Account - Kshs. 1500/- per cheque
15 CHEQUE RETURN (OUTWARD) CHARGE i. Saving Bank - Kshs. 100/- per cheque ii. Current / Overdraft Account - Kshs. 500/- per cheque
16 BALANCE CONFIRMATION CERTIFICATE (AT THE REQUEST OF THE CUSTOMER) Kshs. 500/- per Occasion
17 CERTIFICATION OF DOCUMENT Kshs. 500/- per Document
18 AUDIT CONFIRMATION / REPORT Kshs. 1,000/- per Occasion
19 PROVIDING BANKERS / CREDIT OPINION REFERANCE LETTER i. Individual - Kshs. 500/-
ii. Non-Individual - Kshs. 1,000/-
20 INVESTIGATION / QUERY ON OLD RECORDS (CHEQUE, DEPOSIT & WITHDRAWAL) Per Entry
i. Up to 1 year - Kshs. 250/-
ii. Above 1 year - Kshs. 500/-
21 DUPLICATE STATEMENT ISSUE CHARGES i. SB Account -Per folio Kshs. 50/-,
ii. CD Account - Per folio Kshs. 100/-
22 CHARGE FOR ISSUE OF DUPLICATE TDR/ ACKNOWLEDGEMENT INCASE OF LOST TDR Kshs. 500/-
23 SMS ALERT CHARGES Kshs. 4/- per Transaction
24 ATM WITHDRAWAL CHARGES Kshs. 55/- per Transaction
25 I-TAX DEPOSITS (PER E-SLIP) Kshs. 250/- per Transacton
26 COMMISSION ON THE RECEIPT OF HCI FEES Kshs. 100/- per Receipt
27 POSTAGES On actual basis For Non-Customers: The below or the actual, which ever is higher
i. Inland - Kshs. 100/-
ii. Overseas - Kshs. 500/-
iii. Courier (International) - Kshs. 4,000/-

Sl No Item Description Customers -New Shcedule (Excl. Excise Duty @ 20 %) Others -New Shcedule (Excl. Excise Duty @ 20 %)
1 RTGS CHARGES i. Outward Kshs. 500/- per transaction
ii. Inward - Nil
2 SWIFT (OUTWARD) Kshs. 1,500/- per transaction
3 E CORP (REMITTANCE TO INDIAN BRANCHES) i. Upto Kshs. 50,000/- Kshs. 500/-
ii. Above Kshs. 50,000/- to Kshs. 100,000/- -Kshs. 1,000/-
iii. Over Kshs. 100,000/- - Kshs. 1500/- (Maximum Remittance is USD 10,000/- or equivalent)
For Non-Customers:
i. Upto Kshs. 50,000/- - Kshs. 600/-
ii. Above Kshs. 50,000/- to Kshs. 100,000/- - Kshs. 1,200/-
iii. Above Kshs. 100,000/- -Kshs. 1,800/- (Maximum Remittance is USD 5,000.00 or equivalent)
4 INWARD FOREIGN SWIFT/TELEGRAPHIC TRANSFER For USD TT - USD 10/-
For GBP TT - GBP 5/-
Or equivalent to USD 10.00 in other Currencies
5 EFT (IRRESPECTIVE OF AMOUNT) i. Through Standing Instructions - Kshs. 100/-&
ii. Others - Kshs. 200/-
6 DEMAND DRAFT i. Upto Kshs. 100,000/- - Kshs. 250/-
ii. Over Kshs. 100,000/- upto Kshs. 1.00 Mn - Kshs. 500/-
iii. Above Kshs. 1.00 Mn - Kshs. 1,000/- per Mn or part thereof (50% additional over applicable rates in case of issuannce against Cash Deposit) plus applicable SWIFT charges for Foreign Currency DD.
For Non-Customer:
100 % additional of the Charge as applicable to Customer plus applicable SWIFT charges, if any. (Higher limit is USD 10,000/- or equivalent)
7 BANKERS CHEQUE i. Upto Kshs. 100,000/- - Kshs. 250/-
ii. Over Kshs. 100,000/- upto Kshs. 1.00 Mn - Kshs. 500/-
iii. Above Kshs. 1.00 Mn - Kshs. 1,000/- per Mn or part thereof (50% additional over applicable rates in case of issuannce against Cash Deposit)
For Non-Customer:
100 % additional of the Charge as applicable to Customer (Higher limit is USD 10,000/- or equivalent)
8 ISSUANCE OF DUPLICATE DD/ BANKER'S CHEQUE Kshs. 250/- per Instrument For Non-Customer: Kshs. 500/- per Instrument
9 CANCELLATION OF DD/ BANKERS CHEQUE Kshs. 250/- per Instrument For Non-Customer: Kshs. 500/- per Instrument

Sl No Item Description Customers -New Shcedule (Excl. Excise Duty @ 20 %) Others -New Shcedule (Excl. Excise Duty @ 20 %)
1 FOREIGN CHEQUE/ DDS/ BILLS FOR COLLECTION (OUTWARD BILLS FOR COLLECTION) i. 0.25 % Minimum Kshs. 500/-
ii. If Bill is of more than Kshs. 500,000/-, then it is 0.20% (plus Swift Charges as applicable per message & Postage Charge Kshs. 250/- or actual, whichever is higher)
2 INWARD BILLS FOR COLLECTION 0.25 % of the bill amount Minimum Kshs. 500/- (plus Swift Charges as applicable per message & Postage Charges of Kshs. 250/- or actual, whichever is higher )
3 HANDLING CHARGE FOR OVERDUE BILLS NOTE: SIGHT BILL OVERDUE AFTER 25 DAYS FROM PRESENTATION USANCE BILL AFTER DUE DATE Kshs. 350/- per bill per month (Fraction of a month to be to be taken as full month)
4 AVAILISATION OF DOCUMENT 0.25 % per quarter or part thereof

Sl No Item Description Customers -New Shcedule (Excl. Excise Duty @ 20 %) Others -New Shcedule (Excl. Excise Duty @ 20 %)
1 COMMITMENT CHARGES 0.35 % Per Quarter or part there of Minimum Kshs. 1,000/- (commitment) plus applicable Swift charges per message (For full validity of the credit i.e. from the date of opening of the LC to the last date of its validity) plus USANCE Charges
Notes: 1. If fully secured by 100% cash margin in form of FDR or balance in current account applicable charges will be 50% of the normal charges 2.These charges are to recovered upfront i.e. at the time of opening of LC
2 USANCE CHARGES i. Upto 10 days sight - 0.35 %
ii. Over 10 days and upto 3 month's sight - 0.70 %
iii. Over 3 months’ sight - 0.70 % up to three months and 0.17% per month in excess of three months
Notes:
1. If fully secured by 100% cash margin in form of FDR or balance in current account applicable charges will be 50% of the normal charges
2.These charges are to recovered upfront i.e. at the time of opening of LC
3 IF ANY EXTENSION OF THE VALIDITY OF LC FALLS WITHIN A THREE MONTH PERIOD FOR WHICH COMMITMENT CHARGE HAVE BEEN COLLECTED Kshs. 1,000/- plus applicable swift charges per message
4 Kshs. 1,000/- plus applicable swift charges per message Fresh commitment Charge at the applicable rate per Quarter or part thereof Minimum Kshs. 1,000/- on the outstanding liability under LC
5 FOR ENHANCEMENT OF THE VALUE OF LC i. Kshs. 1,000/-per amendment for extending validity period beyond 3 months
ii. Fresh Commitment charge, Minimum Kshs. 1,000/- for enhancement of value of LC
iii. Both commitment and Usance Charge for additional liability
6 IN CASE OF AMENDMENT ALTERING THE TENOR OF THE BILL OF EXCHANGE As above
7 ANY AMENDMENT TO A LC, OTHER THAN EXTENSION OF ITS VALIDITY OR ENHANCEMENT OF ITS VALUE Kshs. 1,000/- per amendment
8 ANY REVIVAL OR REINSTATEMENT OF AN EXPIRED LC (SHALL BE AT THE OPTION OF THE BRANCH) WITHIN 3 MONTHS FROM THE DATE OF EXPIRY Additional commitment and usance Charge shall be levied from the date of expiry till the validity period of revived LC
9 DEVOLVEMENT/PAYMENT/ CRYSTALLIZATION OF IMPORT BILLS UNDER LETTER OF CREDIT 0.25% plus applicable swift Charges Per message
10 DISCREPANCY CHARGES USD 25/- or equivalent per presentation
11 CANCELLATION CHARGES Kshs. 2,000/-

Sl No Item Description Customers -New Shcedule (Excl. Excise Duty @ 20 %) Others -New Shcedule (Excl. Excise Duty @ 20 %)
1 i) ADVISING OF LC Kshs. 500/-
ii) ADVISING AMENDMENT OF LC Kshs. 350/-
iii) ADDING OUR CONFIRMATION 0.40% for 1st Quarter and 0.20% for each subsequent quarter & part thereof; Minimum Kshs. 1,000/- For Non-Customers: 0.50% for 1st Quarter and 0.25% for each subsequent quarter & part thereof; Minimum Kshs. 1,500/-
iv) ADVISING LC OR FOR ADVISING EACH AMENDMENT TO THE BENEFICIARY THROUGH ANOTHER BANK I.E. NON CUSTOMER For Non-Customers: Flat rate Kshs. 250.00 in addition to (i) (ii) and (iii) above
2 EXPORT BILL PURCHASED/ DISCOUNTED/ NEGOTIATED- COMMISSION i. Up to USD 10,000/- - Kshs. 1,000/-
ii. Above USD 10,000/- - Kshs. 1,000/- for next USD 10,000/- each (plus SWIFT charges as applicable and postage on actual basis)

Sl No Item Description Customers -New Shcedule (Excl. Excise Duty @ 20 %) Others -New Shcedule (Excl. Excise Duty @ 20 %)
1 OPENING/COMMITMENT CHARGE (FOR FULL VALIDITY OF THE CREDIT I.E. FROM THE DATE OF OPENING OF THE LC TO THE LAST DATE OF ITS VALIDITY) MINIMUM FOR ONE QUARTER i. 0.50% up to 3 months ii. 0.30% pm if above 3 months
2 USANCE CHARGE 0.30% per quarter or part thereof
3 LC IS ENHANCED/ EXTENDED SUBSEQUENTLY Same as opening subject to Minimum Kshs. 500/-
4 AMENDMENT OTHER THAN ABOVE Kshs. 300/-
5 CANCELLATION Kshs. 2,000/-
BANK GUARANTEE Foreign BG Inland BG
1 SECURED BY FDR/ CASH IRRESPECTIVE OF TYPE OF BG 0.25% per quarter, Minimum Kshs. 350/- 0.25% per quarter, Minimum Kshs. 350/-
2 UNSECURED/ PARTLY SECURED IRRESPECTIVE OF TYPE OF BG 0.85% per quarter, Minimum Kshs. 350/- 0.85% per quarter, Minimum Kshs. 350/-
3 SECURED BY PROPERTY 0.55% per quarter 0.50% per quarter, Minimum Kshs. 700/-
4 SECURED BY LETTER OF COMFORT OF OUR BRANCHES AND OTHER BANKS 0.35% per quarter & part there of, irrespective of type

Sl No Item Description Customers -New Shcedule (Excl. Excise Duty @ 20 %) Others -New Shcedule (Excl. Excise Duty @ 20 %)
1 PROPOSAL PROCESSING CHARGES A. New Proposal
i. Fund based - 1% p.a.
ii. Non-fund based - 0.50% p.a.
iii. Housing Loans & Loan Against Property - 1% one time
B. Annual Review
a. Fund based--
i. OD limits - 1% p.a.
ii. Term Loans - 0.50% p.a.
b. Non-fund based 0.50% p.a.
2 PRE-CLOSURE CHARGES FOR ADVANCES (ON ACCOUNT OF TAKE OVER/ SHIFTING TO OTHER BANK/FI BEFORE FULL TENURE OF LOAN/ FACILITY) 0.50 % of Outstanding Balance
3 LATE PAYMENT FEE ON LOAN INSTALLMENTS /OVERDRAWN AMOUNT 1.00 % per month, of the Overdue Installment / Overdrawn Amount
4 TEMPORARY OVER LIMIT (TOL)/ TEMPORARY OVER DRAFT(TOD) FEE 2 % per annum of the TOD/TOL Amount

Sl No Item Description Customers -New Shcedule (Excl. Excise Duty @ 20 %) Others -New Shcedule (Excl. Excise Duty @ 20 %)
1 FOR DOCUMENTS Kshs. 1000/- for half year per document (to be paid in advance) For Non-Customers : Kshs. 1500/- for half year per document (to be paid in advance)
2 FOR SEALED PACKETS Per half year per packet:
i. Small ( up to 200 Sq.cm ) - Kshs. 2,000/-
ii. Medium (up to 400 Sq. cm) - Kshs. 2,500/-
iii. Large (up to 600 Sq. cm) - Kshs. 3,000/- (to be paid in advance)
For Non-Customers :
Per half year per packet:
i. Small ( up to 200 Sq.cm ) - Kshs. 2,500/-
ii. Medium (up to 400 Sq. cm) - Kshs. 3,000/-
iii. Large (up to 600 Sq. cm) - Kshs. 3,500/- (to be paid in advance)
3 LOCKER CHARGES
TYPE OF LOCKER Charge per annum For Staff 50 % concession in the locker Charges
SIZE A Kshs. 1,800/-
SIZE B Kshs. 2,000/-
SIZE C Kshs. 3,000/-
SIZE D Kshs. 3,600/-
SIZE E Kshs. 3,900/-
SIZE F Kshs. 4,500/-
SIZE G Kshs. 5,100/-
SIZE H Kshs. 5,400/-
SIZE H-1 Kshs. 5,400/-
SIZE I Kshs. 6,000/-
4 CHARGES FOR RENT ARREARS OF LOCKER 25% rent in arreas (Subject to maximum of 4 years)
5 CHARGE FOR LOSS OF KEYS/ BREAKAGE OF LOCKER Kshs. 5,000/- Note: Charge levied by Locker Company to be borne by the Locker Holder additionally
Note: All Charges are exclusive of Taxes/Duties