Service Charges
(CARD RATES) w.e.f. 01.07.2023
Import
Item | SBI Seoul (Proposed Charges) |
---|---|
LC Opening Charge
LC opening Handling Charges |
1.40% p.a. of LC Value (0.35% quarterly basis)
USD 200.00 |
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 50,000/- 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 50,000/- 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 50,000/- or USD 50 whichever is higher per amendment |
Discrepancy Fee | KRW 80,000/- or USD 80.00 per discrepancy |
Retirement of Bills under LC | 0.25% on quarterly basis, Minimum KRW50,000/- |
Inward Bills for Collection | KRW50,000/- or USD50 which ever is higher |
Export
Item | SBI Seoul (Proposed Charges) |
---|---|
Documents handling/Scrutiny/checking charges for negotiating/discounting/forfaiting | USD 100/- |
Outward Collection Bills (Both under LC & Not under LC) |
Collection Charge KRW 2,50,000/- or USD 250( including handling charges) |
Bills purchased/Discounted
|
Interest upto 14 days 1M SOFR + 75 bps |
Delayed interest | Financing spread + 1.5% |
Cable Negotiation charges | USD 25.00 |
Reimbursement Commission | USD 250.00 |
Postage/ Courier charges | USD 45.00 |
Swift charges | USD 30.00 |
Payment charges on realization of proceeds | Actual recovered by other bank |
LC Advising
Item | SBI Seoul (Proposed Charges) |
---|---|
LC Transfer | KRW 35,000 per transfer |
Advising of LCs through SBI | Through SWIFT: KRW 35,000 or USD 35.00 Through Mail: KRW 40,000 or USD 40.00 |
Advising of LCs other banks | Through SWIFT: KRW 35,000 or USD 35.00 Through Mail: KRW 45,000 or USD 45.00 |
Advising Amendments of SBI LCs | Through SWIFT: KRW 35,000 or USD 35.00 Through Mail: KRW 40,000 or USD 40.00 |
Advising Amendments of LCs other banks | Through SWIFT: KRW 35,000 or USD 35.00 Through Mail: KRW 45,000 or USD 45.00 |
LC Confirmation charges | 0.20% p.a of LC amounting Min USD 200.00 |
Buyer's/Suppliers Credit Handling Charges | USD 150.00 / Buyer’s Credit USD 250.00 / Supplier Credit |
Other Trade Service
Item | SBI Seoul (Proposed Charges) |
---|---|
Commission in lieu of Exchange | KRW 50,000/- |
SWIFT Charge | Sight LC Open KRW 50,000/- Usance LC Open KRW 55,000/- LC Amendment KRW 25,000/- |
General Postage | KRW 45,000 or USD 45 |
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 USD 500.00 |
Minimum Guarantee Commission |
Inward USD 250.00 Outward USD 500.00 |
Swift Charges | USD 150.00 |
Deposit
Item | SBI Seoul (Proposed Charges) |
---|---|
Annual Maintenance Charges | NA |
Minimum Balance | KRW 100,000/- |
Charges, if minimum balance not maintained(per quarter) | KRW 15,000/- |
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 | N.A. |
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. KRW 5,000/- |
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. KRW 5,000/- |
Old record copy | KRW1,000/- per paper, Min. KRW 5,000/- |
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. |
Indirect Remittance | USD 10/- |
INR Rates | Deal rates - 60 paise +/- margin as per the market position |
Inward Remittance
Item | SBI Seoul (Proposed Charges) |
---|---|
Received through USD Chats | N.A. |
Received through Telegraphic Retail
Corporate |
USD 25.00
|
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 |