Documents handling/ Scrutiny/ checking charges for negotiating / discounting / forfaiting

KRW 150,000 or USD 100

Outward Collection Bills

(Both under LC & Not under LC)

Collection Charge KRW 375,000/- or USD 250 (including handling charges)

Bills purchased

/Discounted

          Sight Bills

                                    Usance Bills     

Interest

 up to 14 days  1M SOFR + 75 bps

 less than 31 days 1M SOFR + 75 bps

 less than 91 days 3M SOFR + 100 bps

 less than 182 days 6M SOFR + 100 bps

Minimum Interest KRW 150,000 or USD 100

Delayed interest

Financing spread+1.5%

Cable Negotiation charges

KRW 37,500 or USD 25

Reimbursement Commission

KRW 375,000 or USD 250

Postage/ Courier charges

KRW 67,500 or USD 45

Swift charges

KRW 45,000 or USD 30

Payment charges on realization of proceeds

Actual recovered by other bank

LC Transfer

KRW 52,500 or USD 35 per transfer

Advising of LCs SBI

Through SWIFT : KRW 52,500 or USD 35

Through Mail   :  KRW 60,000 or USD 40

Advising of LCs Other Bank

Through SWIFT : KRW 52,500 or USD 35

Through Mail   :  KRW 67,500 or USD 45

Advising amendments of LCs SBI

Through SWIFT : KRW 52,500 or USD 35

Through Mail   :  KRW 60,000 or USD 40

Advising amendments of LCs Other Bank

Through SWIFT : KRW 52,500 or USD 35

Through Mail   :  KRW 67,500 or USD 45

LC Confirmation charges

0.20% p.a of LC amount Min KRW 300,000 or USD 200

Buyer’s/ Supplier Credit handling charges

KRW 225,000 or USD150 / Buyer’s Credit

KRW 375,000 or USD250 / Supplier Credit        

Commission in lieu of Exchange

KRW 52,500 or USD  35

SWIFT Charge

Sight LC Open KRW 52,500 or USD 35

Usance LC Open KRW 60,000 or USD 40
LC Amendment KRW 30,000 or USD 20

General Postage

KRW 67,500  or USD 45

LC Opening Charge

LC opening Handling Charge

1.40% p.a. of LC Value (0.35% quarterly basis)

Min KRW 30,000 or USD 20

LC above USD 1 Mio: 50% of Normal Charges

KRW 300,000 or USD 200

Processing Fee

(Back to Back LC)

0.25% of the LC Limit

Min. KRW 37,500 or USD 25

Max. KRW 3,750,000 or USD 2,500

Increasing Credit Limit

1.40% p.a. of LC Value (0.35% quarterly basis)

Min KRW 60,000 or USD 40

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 60,000 or USD 40

LC above USD 1 Mio: 50% of Normal Charges

Revolving LC

1.40% p.a. of LC Value (0.35% quarterly basis)

Min KRW 60,000 or USD 40

LC above USD 1 Mio: 50% of Normal Charges

LC Amendment

(other than validity period or increase in LC value)

KRW 75,000 or USD 50 which ever is higher per amendment

Discrepancy Fee

KRW 120,000 or USD 80 per discrepancy

Retirement of Bills under LC

0.25% on quarterly basis

Minimum KRW 75,000 or USD 50

Inward Bills for Collection

KRW 75,000 or USD 50 which ever is higher

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 KRW 750,000 or USD 500

Minimum Handling

Inward KRW 375,000 or USD 250

Outward KRW 750,000 or USD 500

Swift Charges

KRW 225,000 or USD 150

Annual Maintenance Charges

N.A.

Minimum Balance

KRW 150,000 or USD 100

Charges, if minimum balance not maintained

(per quarter)

KRW 150,00 or USD 10

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

KRW1,500 or USD 1 per paper, Min. KRW 7,500 or USD 5

Duplicate Passbook Charges

N.A.

Stop payment

N.A.

Standing order

Free

Standing orders to insufficient fund

KRW 15,000 or USD 10

Banker’s report

Deposit : KRW30,000 or USD 20

Loan: KRW75,000 or USD 50

Company report (current account)

KRW:75,000 or USD 50

Balance Certificate

KRW1,500 or USD 1 per paper, Min. KRW 7,500 or USD 5

Old record copy

KRW1,500 or USD 1 per paper, Min. KRW 7,500 or USD 5

Swift copy for remittance

N.A.

Overdraft in CA

(Interest Rate)

N.A.

Banker Cheque/Cashier’s order

N.A.

Draft INR

N.A.

Indirect Remittance

KRW 15,000 or USD 10

INR Rates

Deal rates - 60 paise +/- margin as per the market position