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  #1  
Old October 6th, 2016, 12:54 PM
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Default BG Charges SBI

Can you tell me about the Inland BG or Bank Guarantee Charges for Inland Service as offered by SBI (State Bank of India)?
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  #2  
Old October 6th, 2016, 02:22 PM
Nitin Sharma
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Default Re: BG Charges SBI

The Inland BG or Bank Guarantee Charges for Inland Service as offered by SBI (State Bank of India) are as follows:

- Inland BG Charges
Performance Guarantees as well as Financial Guarantees

Minimum Commission = Rs. 500/-
Upto Rs.5 cr. = 2.10.% p.a.
Above Rs.5 cr. & upto Rs. 10cr. = 1.60% p.a.
Above Rs.10 cr. = 1.30% p.a.


- For refund of commission for Unexpired Guarantee

Upto 25% = Discretion will be with DGM(B&O) of the Network.
Upto 50% = Discretion will be with GM of the Network.


- Letters of Comfort (LOC)

Backed by 100% discharge of liability (viz., cash margin, Sanctioned Term Loan, Guarantee of First Class bank, 100% lienon drawing power) = 0.525% p.a.
Others = 2.10% p.a.
Minimum charge for 3 months will be recovered.

- Exercise of Swing Option

@ 0.02% of amount involved, subject to a minimum of Rs.500/- and a maximum of Rs. 2500/-. (No authority has been vested with discretion to reduce this service charge)


-- For LCs & BGs with 100% cash margin 25% of the regular charges to be recovered.

-- For LC and BG Charges, for high value customers (i.e. for all CAG, MCG and as decided by SMEBU for NBG), customer-wise schedule of Service Charges is prepared and enclosed to the loan sanction proposal. In other words, there is a Rate Card for every sanction with company-wise rate to be fixed by the respective Sanctioning Authority.
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  #3  
Old October 22nd, 2018, 04:22 PM
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Default Re: BG Charges SBI

how many charge on bank guarantee 16 lake for 2 year by state bank of India on 100% cash margin
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