Cheque Book Charges

ParticularsExisting Charges New charges(Revised)
50 leaves of CA cheque bookNu.50Nu.50
25 leaves of CA cheque bookNu.25Nu.25
Personalized CD cheque bookNu.200Nu.200
Personalized SB cheque bookNu.200Nu.200
Particulars
Existing Charges
New charges(Revised)
First Cheque bookFirst SB cheque book free
Subsequent issuanceActual cost of the cheque bookAs per the OO No.e-circular no.Misc/10 dated December 31,2011.Actual cost:50 leaves-Nu.50,25 leaves -Nu.25

Cheque Return Charges

ParticularsExisting Charges New charges(Revised)
Cheque returned for insufficent fundsNAFor the 1st & 2nd offence, Nu.300 +10% of the cheque value per instance, to be charged to the issuer of cheque.
NAFor 3rd offence and thereafter, Nu.500+10% of the cheque value and the cheque facility to be disabled for 3 years.To be charged to the issuer of the cheque.
ParticularsExisting Charges New charges(Revised)
Presentment of chequeNo chargeNo charge
Cheque returned for insuffcient fundsNu.300For the 1st & 2nd offence, Nu.300 +10% of the cheque value per instance, to be charged to the issuer of cheque.
For 3rd offence and thereafter, Nu.500+10% of the cheque value and the cheque facility to be disabled for 3 years.To be charged to the issuer of the cheque.
Cheque returned for no endorsement by the bankNu.100Nu.100.To be charged on the acquiring bank and not on the customer.
Late delivery of the delivery statementNu.100Nu.100.To be charged on the acquiring bank and not on the customer.
Second presentmentNo chargeNo charge
Presentment of the postdated chequesNu.100Nu.100.To be charged on the acquiring bank and not on the customer.
Presentment of stale dated chequesNu.100Nu.100.To be charged on the acquiring bank and not on the customer.
In addition,mandate banks to call and inform the issuing bank before accepting high value cheques.

TT/ DD/ Manager’s Cheque

Existing chargesRevised Charges
SlabCharges SlabCharges
Up to Nu. 10,000Nu. 35Up to Nu. 100,000Max. Nu. 35
Nu. 10,001 to Nu. 100,000 Nu. 2.75 per 1,000 (Min. Nu. 50) Nu. 100,001 till Nu.1,000,000Nu. 2.00 per 1,000 (Min Nu. 35
and Max Nu. 2,000)
Above Nu.100,000Nu. 2.5 per 1,000 (Min. Nu 400 & Max. Nu. 20,000) Above Nu.1,000,000Nu. 1.75 per 1,000 (Min. Nu 2,000 & Max. Nu. 15,000)

FOREIGN EXCHANGE SERVICE CHARGES

 Existing chargesRevised Charges
Bill charge 0.15% (Min. Nu. 250) as opening commission0.15% (Min. Nu. 250) as opening commission
Commitment charge1% on actual number of days up to the validity of the credit (Min. Nu. 250)0.75% on actual number of days up to the validity of the credit (Min 250)
Usance charge1.2% on actual number of days up to the validity of the credit (Min. Nu. 250) 1.00% on actual number of days up to the validity of the credit (Min Nu. 250)
Purchase/sale of USD travelers
Cheques
Commission @ 1% on Ngultrum equivalent value
 Existing chargesRevised Charges
ParticularsCharges Charges
Transfer via Swif0.25% (Min. Nu.100) plus transmission charges
of Nu. 250 for TTs & Nu. 1,000 for LCs.
0.20% (min. Nu. 100) plus transmission
charges of Nu. 200 for TTs & Nu. 700
for LCs
Inward TT/SWIFT
remittance
Free of ChargeFree of Charge
Postage chargeActual basis (Min. 500)Actual basis

GENERAL CHARGES

 Existing chargesRevised Charges
ParticularsCharges Charges
Loan application Nu. 100Nu. 100
Commitment fee/charges on
unutilized amount of OD & WC
Nu.0.5%0.1%
Statement charges if required for
more than once in a month
Nu. 5 per pageNu. 5 per page
Stop payment charge for cheques
and drafts
Nu. 50 per instrument Nu. 50 per instrument
No due/Demand CertificateNu.50 Nu.50
Presentation of usance bill for acceptanceNu. 20Nu. 20
Inquiry relating to old records of
more than 12 months
Nu. 100 per itemNu. 100 per item
Cancellation/issuance of duplicate/
revalidation of drafts
Nu. 100 per instrumentNu. 100 per instrument
Postage Nu. 40 Actual basis
Telephone Nu. 20 Actual basis

SERVICE CHARGE ON BANK ACCOUNT AND MAINTENANCE OF MINIMUM BALANCE

 Existing chargesRevised Charges
ParticularsChargesCharges
Savings accountNu. 300 as annual account maintenance fee irrespective of dormant/active accountMax. Nu. 150 as annual account maintenance fee
Current accountNo maintenance fee but levy charges on cheque booksNo maintenance fee
Minimum balance in saving a/cNu. 500Minimum balance not required
Minimum balance in current a/cNu. 1,000Nu. 1,000

CHARGES RELATING TO CREDIT INFORMATION

ParticularsCharges
Loan Applicant Nu. 500
Guarantor Nu. 300

Charges for ATM Usage

ParticularsExisting Charges New charges(Revised)
Financial(Cash withdrawal)Free of ChargeFree of Charge
Non-Financial(Balance enquiry statement print,PIN change)Free of chargeFree of Charge
ParticularsExisting Charges New charges(Revised)
Financial(Cash withdrawal)First five transactions free of chargeFirst five(5) transactions free of charge
Sixth transaction-Customer are charged Nu.12Sixth transaction-Customer are charged Nu.9
Sixth transaction-Banks are charged Nu.6Sixth transaction-Banks are charged Nu.9
Non-Financial(Balance enquiry statement print,PIN change)Banks are charged Nu.8 per transaction.Banks are charged Nu.5 per transaction.

Charges for POS

ParticularsExisting Charges New charges(Revised)
Charges for using Banks own PoSFree of chargeNo change
Charges for using other banks PoS domesticBanks charges Nu.12 per transaction.Banks charges Nu.12 per transaction.

BIRT

ParticularsExisting Charges New charges(Revised)
BULKFree for both Inward and OutwardFree for both Inward and Outward
BITS
InwardFreeFree
Up to Nu.50,000Free of chargeNu.20 flat transaction fee per transaction irrespective of amount up to Nu.1 Million.
Nu.50,001 to Nu.100,000Nu.15
Nu.100,001 to Nu.1,000,000Nu.20
RTGS
InwardFreeFree
Nu.1000,001Nu.35Nu.50 flat transaction fee per transaction irrespective of amount above Nu.1 Million.

Bank Mobile App-based Fund Transfer System Limits and Charges

ParticularsMax LimitCharges
Inter Bank and Within Bank1000,000Free of Charge