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
COMMISSIONUSD 40HKD 320
POSTAGE / Courier Charges(varies depending upon the weight of the documents and also destination)AS APPICABLEAS APPICABLEAS APPICABLE
SWIFT (In case swift is required to be sent for Bills under LC to report discrepancy or for acceptance/ due date confirmation)Min USD 26 for each swift msgMin HKD 200 for each swift msg
INTERESTAs Applicable. For DA Bills,Interest is taken upfront for the entire period. For DP Bills, Interest is taken at the time of repayment As Applicable. For DA Bills, Interest is taken upfront for the entire period. For DP Bills, Interest is taken at the time for repayment
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.
For Buyers Credit:
a. Interest is taken at the time of repaymnet.
b. Provision to be kept for charging Handling Charges which is taken in some cases.
c. Provision for rollover under the same account and repricing of interest also to be kept.

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 26
0.25% ON 1st HKD 400,000
0.125% ON BALANCE.
Min. HKD 200
0.25% ON 1st USD 50,000
0.125% ON BALANCE
Min. USD 26
0.25% ON 1ST HKD 400,000
0.125% ON BALANCE
Min. HKD 200
SwiftUSD 65HKD 500USD 65HKD 500
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 HKD 400,000
0.125% ON BALANCE (incremental portion)
Min. HKD 200
As Applicable. For DA Bills,Interest is taken upfront for the entire period. For DP Bills, Interest is taken at the time of repayment 0.25% ON 1st USD 50,000
0.125% ON BALANCE (incremental portion)
Min. USD 26
0.25% ON 1ST HKD 400,000
0.125% ON BALANCE (incremental portion)
Min. HKD 200
SwiftUSD 26HKD 200USD 26HKD 200
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
Issuance of cheque leaves5.0020.00
Cheque return charges for each cheque13.00100.00
Stop payment for each cheque25.00200.00
Issuance of Cashier Order10.0075.00
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 Statement10.0075.00
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)20.00100.00
Non-maintenance of Minimum balance - half yearly - (Savings Account)10.0050.00
Minimum balance to be maintained on day to day basis500.002500.00
Inoperative/ Dormant Account Charge - half yearly - (Current Account)50.00300.00
Inoperative/ Dormant Account Charge - half yearly - (Savings Account)25.00150.00
Company Search Fee50.00300.00
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
HKD / USD / INR
Demand Drafts From A/c HolderUpto HKD 20,000HKD 50/-
HKD 20,001 to HKD 50,000HKD 65/-
HKD 50,001 & Above0.15% of the amount
Demand Drafts From OthersUpto HKD 20,000HKD 80/-
HKD 20,001 to HKD 50,000HKD 100/-
HKD 50,001 & Above0.2% of the amount
Telegraphic TransferUSD / INRHKD 200/-
DD Cancellation ChargesFor USD Draft
For HKD Draft
USD 10/-
HKD 80/-

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