FOR INLAND, FOREIGN EXCHANGE TRANSACTIONS WITH ... - IFIC · PDF filefor inland, foreign exchange transactions ... dhaka revised bank charges & commissions (inland, foreign exchange

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


SMS Banking Free Internet Banking Free Account Maintenance

Fee

Free

Closing Charge Free 7 Sanchita –Female

Savings Account


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


w.e.f. 25.10.2015


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


2


w.e.f. 25.10.2015


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


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


4


w.e.f. 25.10.2015


iii. Auto Loan a) Loan Processing Fee

a) @ 1% on loan amount minimum Tk.7,000/- + VAT




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





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




ii. Retailers Loan

a) Loan Processing Fee a) @ 1% loan amount minimum Tk.2,000/- + VAT

Loans Processing on

Loans & Advances




iii. Transport Loan

a) Loan Processing Fee a) @ 0.50% loan amount maximum Tk.25,000/- + VAT

Loans Processing on

Loans & Advances




iv. Commercial House Building Loan

a) Loan Processing Fee a) @ 0.75% loan amount minimum Tk.20,000/- + VAT

Loans Processing on

Loans & Advances




v. Project Loan a) Loan Processing Fee

a) @ 0.25% loan amount minimum Tk.15,000/- + VAT

Loans Processing on

Loans & Advances




vi. Possession Right Loan


Loans Processing on

Loans & Advances





5


w.e.f. 25.10.2015


vii. Contractor’s Loan


Loans Processing on

Loans & Advances




viii. Working Capital Loan


Loans Processing on

Loans & Advances




ix. Bidder’s Loan a) Loan Processing Fee


Loans Processing on

Loans & Advances




x. Muldhan a) Loan Processing Fee


Loans Processing on

Loans & Advances




xi. Protyasha (Women 3 Entrepreneurs Loan)

a) Loan Processing Fee a) Free




xii. Joyeeta (Women Entrepreneurs Loan)





xiii. Prantonari (Women Entrepreneurs Loan)


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





xv. IDBP

(Import)

a) Loan Processing Fee a) (i) Upto Tk. 5.00 lac :

Tk. 500 per instance + VAT


Tk. 1000/- per instance + VAT






6


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


c) Handling Charge c) Tk.5,000/- + VAT for Other Bank FDR/FO, if the Loan is sanctioned but not availed

Misc. Earning


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


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



Misc. Earning


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



Misc. Earning


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


c) Handling Charge c) Tk.5,000/- + VAT, if the loan is

sanctioned but not availed

Misc. Earning


vi. Syndicate Loan

Charges & Fees shall be realized as per Facility Agreement or Lead Bank arrangement


7


w.e.f. 25.10.2015


vii. IDBP a) Loan Processing Fee a) (i) Upto Tk. 5.00 lac :

Tk. 500 per instance + VAT


Tk. 1000/- per instance + VAT

Loans Processing on

Loans & Advances




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




ii. Shech Saronjam Rin a) Loan Processing Fee a) Tk.5,000/- + VAT Loans Processing on

Loans & Advances



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


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


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


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-


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


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)


minimum Tk. 500/-



1st quarter @ 0.50% plus VAT

For each subsequent quarter @

0.30% +VAT






Tk. 300/- +VAT for each L/C



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


minimum Tk. 500/- + VAT



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



SWIFT Recoveries

04. Acceptance Commission

under Deferred payment

L/C's (Including B.B. L/Cs)


+ 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


9

Sl.

No. Particulars Nature of

Charges

Revised Rate of Charges

w.e.f. 25.10.2015


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.


















Commission on Add

Confirmation charge

Commission on Add

Confirmation charge

Commission on Add

Confirmation charge

Commission on Add

Confirmation charge


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


w.e.f. 25.10.2015


09.

Foreign Correspondents charges For

all types of L/C's

--

Payment charge US$ 60

Handing Charge US$ 50

against Foreign L/C + VAT



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



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



Misc. Earning

16 Issuance of Back-to-Back L/C

Certificate.

Charges Tk. 500/- per certificate

Misc. Earning


11

Sl.

No.

Particulars Nature of

Charges


w.e.f. 25.10.2015


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


12

Sl.

No. Particulars

Nature of

Charges


w.e.f. 25.10.2015


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)


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.

--


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


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


w.e.f. 25.10.2015


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


14

Sl. No.

Particulars

Nature of Charges


w.e.f. 25.10.2015


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


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

Documents

FOR INLAND, FOREIGN EXCHANGE TRANSACTIONS WITH ... - IFIC · PDF filefor inland, foreign exchange transactions ... dhaka revised bank charges & commissions (inland, foreign exchange