Go Back   2018 2019 EduVark > Education Discussion > General Discussion



  #1  
Old April 1st, 2017, 06:03 PM
Unregistered
Guest User
 
Posts: n/a
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?
Reply With Quote Quick reply to this message
Have a Facebook Account? Ask your Question Here
  #2  
Old April 3rd, 2017, 11:29 AM
Super Moderator
 
Join Date: Mar 2012
Posts: 33,073
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


Reply With Quote Quick reply to this message
Sponsored Links




















Reply

Similar Threads
Thread
Bank Of Baroda PO Exam DATE BANK Of Baroda PO Exam Syllabus
Bank of Baroda CA
Bank of Baroda near CST
Bank of Baroda GK 1
CTO Bank of Baroda
Bank of Baroda ZIC
Bank of Baroda PO - Bank Awareness Exam Syllabus
About Us Bank of Baroda
BC Bank of Baroda
CTC of PO in Bank of Baroda
IDBI Bank Merger With Bank of Baroda
Bank of Baroda FSA
Bank of Baroda NSC
RLF Bank Of Baroda
MBA Through Bank Of Baroda


Quick Reply
Your Username: Click here to log in

Message:
Options

Forum Jump


All times are GMT +5.5. The time now is 12:21 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2018, vBulletin Solutions, Inc.
Content Relevant URLs by vBSEO 3.6.0

1 2 3