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Service Charges

Service Charges
Import
Item SBI Seoul (Proposed Charges)
LC Opening Charge 1.40% p.a. of LC Value (0.35% quarterly basis)
Min  KRW 30,000/- 
LC above USD 1 Mio: 50% of Normal Charges
Processing Fee
(Back to Back LC)
0.25% of the LC Limit
Min  KRW 30,000/- 
Max. USD2,500.00 (KRW 2,500,000)
Increasing Credit Limit 1.40% p.a. of LC Value (0.35% quarterly basis)
Min  KRW 30,000/- 
LC above USD 1 Mio: 50% of Normal Charges
Extension of LC Period 1.40% p.a. of LC Value (0.35% quarterly basis)
Min  KRW 30,000/- 
LC above USD 1 Mio: 50% of Normal Charges
Revolving LC 1.40% p.a. of LC Value (0.35% quarterly basis)
Min  KRW 30,000/- 
LC above USD 1 Mio: 50% of Normal Charges
LC Amendment
(other than validity period or increase in LC value)
KRW 30,000/-  per amendment
Discrepancy Fee KRW 80,000/- per discrepancy
Retirement of Bills under LC 0.25% on quarterly basis
Minimum  KRW 30,000/- 
Inward Bills for Collection KRW 50,000/-
Export
Item SBI Seoul (Proposed Charges)
Bills Checking Fee KRW 50,000/-
Outward Collection Bills
(Both under LC & Not under LC)
Collection Charge KRW 1,00,000/-
Bills purchased/Discounted KRW 30,000/-
plus Interest
upto 31 days 1ML+2.00%
less than 31 days 1ML+2.00%
less than 92 days 3ML+2.50%
less than 184 days 6ML+3.00%
less than 300 days 12ML+3.50%
more than 300 days 12ML+4.00%
Min Interest KRW 30,000
LC Advising
Item SBI Seoul (Proposed Charges)
LC Transfer KRW 30,000 per transfer
Advising of LCs Through SWIFT: KRW 30,000
Through Mail: KRW 45,000
Advising of amendments Through SWIFT: KRW 30,000
Through Mail: KRW 45,000
Other Trade Service
Item SBI Seoul (Proposed Charges)
Commission in lieu of Exchange KRW 50,000/-
SWIFT Charge Sight LC Open  KRW 30,000/- 
Usance LC Open KRW 30,000/-
LC Amendment  KRW 30,000/- 
Postage KRW 40,000 based on the location
Reimbursement Charges N.A.
Handling Charge LC Advise cancel KRW 30,000
Collection Charge KRW 50,000
Letter of Shipping Guarantee issuance  KRW 30,000/- 
Bank Guarantee
Item SBI Seoul (Proposed Charges)
Inland BGs Performance as well as Financial Guarantee 0.125% flat per month or part thereof (Broken days in a month will be treated as full month for recovery of commission.)
Minimum Guarantee Commission KRW 250,000/-
Deposit
Item SBI Seoul (Proposed Charges)
Annual Maintenance Charges KRW 10,000/-
Minimum Balance KRW 100,000/-
Charges, if minimum balance not maintained(per quarter) N.A.
Cash Handling Charge N.A.
Coin Handling Charge N.A.
Cheque Book Issue Charges N.A.
Cheque Return Insufficient funds N.A.
Cheque Return Technical reason N.A.
Account close N.A.
Inoperative account charges KRW 10,000/-
Charges for exceeding debit entries in SB account (30 entries/quarter) N.A.
ATM card/ Pin replacement fee N.A.
Internet Banking duplicate password N.A.
Internet Banking hardware token N.A.
Duplicate statement KRW1,000/- per paper, Min. KRW1,000/-
Duplicate Passbook Charges N.A.
Stop payment N.A.
Standing order Free
Standing orders to insufficient fund KRW 10,000/-
Banker’s report Deposit : KRW20,000
Loan: KRW50,000
Company report(current account) KRW:50,000
Balance Certificate KRW1,000/- per paper, Min. KRW50,000/-
Old record copy KRW1,000/- per paper, Min. KRW50,000/-
Swift copy for remittance N.A.
Overdraft in CA
(Interest Rate)
N.A.
Outward Remittance
Item SBI Seoul (Proposed Charges)
Banker Cheque/Cashier’s order N.A.
Draft INR N.A.
Other currency Equivalent USD 20/-
TT issued: INR KRW 20,000/-
Amounts above USD 20,000/- KRW 10,000/-
TT issued :USD TT issued USD
TT USD 0-500 : KRW15,000
TT USD 501-2,000: KRW20,000
TT USD 2,001-5,000: KRW30,000
TT USD 5,001-20,000: KRW35,000
TT USD20,001- any: KRW40,000
Other currencies(equivalent to) TT USD 0-500 : KRW15,000
TT USD 501-2,000: KRW20,000
TT USD 2,001-5,000: KRW30,000
TT USD 5,001-20,000: KRW35,000
TT USD20,000- any: KRW40,000
KRW Chats KRW 0-100,000: KRW 1,000
KRW100,001-1,000,000:KRW3,000
KRW1,000,001-any:KRW5,000
USD Chats USD0-10,000: KRW10,000
USD10,001-any:KRW20,000
Inward Remittance
Item SBI Seoul (Proposed Charges)
Received through USD Chats N.A.
Received through Telegraphic USD 0-100 : waive
USD101-any: KRW30,000
Collection of Cheques USD 0-100: KRW10,000
USD101-500: KRW20,000
USD501-1,000: KRW25,000
USD1,001-2,000:KRW30,000
USD2,001-to any:KRW40,000
DD Purchase KRW20,000 upto USD 1000

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