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  #1  
Old April 1st, 2017, 06:03 PM
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Default Bank of Baroda LC

Hi I would like to have the details of the service charges levied by Bank of Baroda for the Letter of Credit (Import) as well as the application form for the same?
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  #2  
Old April 3rd, 2017, 11:29 AM
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Join Date: Mar 2012
Posts: 33,070
Default Re: Bank of Baroda LC

The details of the service charges levied by Bank of Baroda for the Letter of Credit (Import) as well as the application form for the same has been mentioned.

Revised Service Charges w.e.f. 01.12.2012

1. Letter of Credit (Import)

a). DP L/C (Import)
Existing Charges

Sight LCs and up to 30 days Usance

LC Amount
% per month

Up to 1 Crore
0.25

>1 Crore up to 5 Cr
0.18

>5 Crore
0.10

Revised Charges w.e.f. 01.12.2012
Sight LC (DP)
0.35 % for first quarter plus
0.15 % p.m. thereafter

B). Usance L/C (Import)

Existing Charges

LCs beyond 30 days Usance:

LC Amount
% per month

Up to 1 Crore
0.18

>1 Crore up to 5 Cr
0.09

>5 Crore
0.05

Revised Charges as per Credit Rating w.e.f. 01.12.2012

Borrower account with credit rating
Proposed charges

AAA
0.60 % p.a. from the date of opening of LC to last date of its validity including usance period

AA
0.60 % p.a. from the date of opening of LC to last date of its validity including usance period

A
0.75 % p.a. from the date of opening of LC to last date of its validity including usance period

BBB
1.50 % p.a. from the date of opening of LC to last date of its validity including usance period 2.25 % p.a. from the date of opening of LC to last date of its

Below BBB and Unrated
Validity including usance period Note: 25 % of the normal charges to be recovered on foreign letter of credit with 100% cash margin (Existing Norms).


Request Letter for Import LC


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