Bank of India is commercial bank with headquarters in Mumbai, Maharashtra.

LC charges/commission

1/4% for first quarter 1/8% for subsequent quarters Minimum USD 50.00

Amendment

Commission for LCs without addition in amount or extension of date USD 50.00

Commission for LCs with addition in amount or extension of date, will be charged as per charges given above with a minimum of USD 50.00

Other Charges

Swift - Full Cable USD 150.00
Short Cable USD 50.00
Discrepancy Charges USD 50.00
Payment Cable USD 50.00
Amendment Cable USD 50.00
Acceptance Commission of 1/6% per month for DA LCs and ITR commission of 1/6% pm for the sight LCs
Standby Letter of Credits
Commission of 0.25% per quarter on the LC amount

Export Letter of Credit

LC Advising Charges USD 150
Negotiation Charges 1/4% of the Document Amount Min USD 75
Discrepancy Charges USD 50
Confirmation Charges 1/4% per quarter
Courier USD 50
Swift Charges USD 35.00
Transfer/Asignment Charges ¼% p.a Min USD 100
Cancellation of LC USD 50.00

FBP

Commission of 0.25% on the value of the bill and Courier charge of USD 25

Reimbursement

Reimbursement Commission USD 105 upto USD 100,000
USD 120 from USD 100,001 to USD 500,000
USD 150 from USD 500,001 to USD 1,000,000
USD 300 more than USD 1,000,000