Service Charges

Service Charges

SCHEDULE OF CHARGES FOR EXPORT DEPARTMENT

CHARGES at the time of Lodgement/ Purchase / NegotiationFor PURCHASE/ NEGOTIATION of Bills (UNDER LC as well as NOT UNDER LC)For Bills Sent on COLLECTION
USDHKDSame for USD / HKD
COMMISSION0.25% ON 1ST USD 50,000
0.125% ON BALANCE
0.25% ON 1ST HKD 400,000
0.125% ON BALANCE
0.125% ON WHOLE AMOUNT
CHECKING FEEUSD 50HKD 400NA
POSTAGE / Courier Charges(varies depending upon the weight of the documents and also destination)AS APPLICABLEAS APPLICABLEAS APPLICABLE
SWIFT (In case swift is required to be sent for Bills under LC to report discrepancy or for acceptance/ due date confirmation)Min USD 50 for each swift msg

fixed
Min HKD 400 for each swift msg
CHARGES at the time of Realisation of Export Bills : COMMISSION IN LIEU OF EXCHANGE0.125% flat in case the proceeds are credited to USD Call A/c of the party concerned. This is not charged in case the proceeds are converted to HKD and credited to the HKD Current A/c of the party.This is not charged in case of HKD bills as preoceeds are received in HKD. a. No charged for HKD Bills. B. In case of non HKD Bill, 0.125% flat in case the proceeds are credited t0 USD Call A/c of the praty concerned. This is not charged in case the proceeds are converted to HKD and credited to the HKD Current A/c of the party.
Advising of Inward DC: Comm. Charged in USD 45 or HKD 350 depending upon the currency of the DC.

ADVISING OF DOCUMENTARY CREDIT

Advising Fees for Documentary Credit HKDUSD
Direct Advising to Customer
For UCO Bank Customer 40050
For Non Customer 800100
For Postage 16020
Advising Through Other Banks
For Banks in Hongkong ( By SWIFT ) 800100
For Banks in Hongkong ( By Hard Copy) 40050
For Banks outside Hongkong ( By SWIFT ) 800100
For Banks outside Hongkong ( By Hard Copy ) 800100

SCHEDULE OF CHARGES FOR IMPORT DEPARTMENT

LC (DP)LC (DA-USANCE)
USDHKDUSDHKD
1. Charges at the time of issue of LC (DP/DA)COMMISSION0.25% ON 1ST USD 50,000
0.125% ON BALANCE
Min. USD 50
0.25% ON 1ST HKD 400,000
0.125% ON BALANCE.
Min. HKD 400
0.25% ON 1ST USD 50,000
0.125% ON BALANCE.
Min. USD 50
0.25% ON 1ST HKD 400,000
0.125% ON BALANCE.
Min. HKD 400
SwiftUSD 100HKD 800USD 100HKD 800
POSTAGE / Courier Charges(varies depending upon the weight of the documents and also destination)AS APPLICABLEAS APPLICABLEAS APPLICABLEAS APPLICABLE
2. Charges for ammendments: (in case increase in amount is involved)COMMISSION **0.25% ON 1ST USD 50,000
0.125% ON BALANCE (incremental portion)
Min. USD 50
0.25% ON 1ST HKD 400,000
0.125% ON BALANCE (incremental portion)
Min. HKD 400
0.25% ON 1ST USD 50,000
0.125% ON BALANCE (incremental portion)
Min. USD 50
0.25% ON 1ST HKD 400,000
0.125% ON BALANCE (incremental portion)
Min. HKD 400
SwiftUSD 50HKD 400USD 50HKD 400
POSTAGE / Courier Charges(varies depending upon the weight of the documents and aslo destination)AS APPLICABLEAS APPLICABLEAS APPLICABLEAS APPLICABLE
** For the purpose of determining the slab for commission i.e. 0.25% or 0.125% the total LC Value is considered (i.e. Original + Increased)

RETAIL DEPARTMENT

ServicesUSDHKD
Account Opening Charges (Customer On-boarding)- Current A/C100.001,000.00
Account Opening Charges (Customer On-boarding) - Saving A/CFreeFree
Annual Maintenance Charges
(Current A/C) - Corporate / Firms
100.001,000.00
Annual Maintenance Charges
(Current A/C) - Individual
75.00500.00
Minimum Balance (Quarterly Average) for
Current & Saving A/C - Current A/C
5,000.0010,000.00
Minimum Balance (Quarterly Average) for
Current & Saving A/C - Saving A/C
2,000.005,000.00
Issuance of cheque leaves15.00 / book let100.00 / book let
Cheque return charges for each cheque50.00300.00
Stop payment for each cheque50.00300.00
Issuance of Cashier Order20.00150.00
Cash Deposit/ Withdrawal0.25% of the amount deposited/ withdrawn.
Min. USD 2.00
a. Free upto first HKD 50,000/- per day
b. 0.1% for amount over HKD 50,000. (Min HKD 10.00)
Duplicate Statement20.00150.00
Additional charges for certificate of statement20.00150.00
Bank confirmation/ certificate50.00300.00
Initiation of auto-pay instruction26.00200.00
Non-maintenance of Minimum balance - half yearly - (Current Account)50.00300.00
Non-maintenance of Minimum balance – Quarterly (Saving Account)25.00200.00
Inoperative/ Dormant Account Charge - half yearly - (Current Account)100.00800.00
Inoperative/ Dormant Account Charge - half yearly - (Savings Account)50400.00
Instruction for change of Authorized Signatory50.00300.00
Account Closure (within 12 months)50.00300.00
Attestation of Signature25.00200.00
Reference Letter from Bank50.00300.00

CHARGES FOR REMITTANCE

Type of RemittanceCurrency of RemittanceCommission
Demand Drafts From A/c HolderUpto HKD 20,000USD 20 / HKD 150/-
HKD 20,000.01 to HKD 50,000USD 50 / HKD 400/-
HKD 50,000.01 & Above0.20% of the amount
Demand Drafts From OthersUpto HKD 20,000USD 30 / HKD 200/-
HKD 20,000.01 to HKD 50,000USD 75 / HKD 600/-
HKD 50,000.01 & Above0.25% of the amount
Telegraphic TransferUSD/HKD/EUR/GBPUSD 30 / HKD 200/- EUR 30/ GBP 30/
Above USD 100,000- USD 60/
Cashier's orderFor USD / HKDUSD 20/ HKD 150/
DD Cancellation ChargesFor USD/HKD Draft
For HKD Draft
USD 13/- HKD 100/
HKD 100/-

Cut off AmountFor Cash TransactionFor Transfer TransactionFor A/c having Deposit of HKD 1million and above
Upto INR 25,000HKD 25/-HKD 20/-HKD 10/-
INR 25,001 to INR 50,000HKD 50/-HKD 40/-HKD 20/-
INR 50,001 to INR 100,000HKD 100/-HKD 90/-HKD 45/-
INR 100,001 to INR 200,000HKD 150/-HKD 140/-HKD 70/-
INR 200,001 and aboveHKD 200/-HKD 190/-HKD 100/-
No charge for staff of Consulate General of India, Hong Kong
50% concession for staff of Embassy / Consulate General of india in any other country