2023 2024 EduVark > Education Discussion > Banks Related


  #2  
January 12th, 2018, 10:32 AM
Super Moderator
 
Join Date: Mar 2012
Re: Exchange Rate As Per State Bank Of India

As you Asking for the Foreign Currency Exchange Rate of the State Bank of India the Rates Are As Follow

Foreign Currency Exchange Rate

Currency Buy Rate(Rs) Sell Rate(Rs)
GBP 86.3325 85.65
CAD 49.8675 49.46
USD 64.5 64.0

Foreign Exchange Related Service Charges



EXPORT BILLS PURCHASED / NEGOTIATED / DISCOUNTED

a. Processing charges for each foreign currency export bill
For bills upto USD 5000 - flat Rs.500 + GST
For bills over USD 5000 – flat Rs.1,000 + GST

b. Processing charges for each Rupee export bill For bills upto Rs. 5,00,000- flat Rs.2,000 + GST
For bills over Rs. 5,00,000-flat Rs.5,000 + GST

c. For forwarding export documents on which no collection commission or exchange accrues to the
bank (i.e. from one bank to the other in India)
For bills upto USD 5,000 -flat Rs.2,000 + GST
For bills over USD 5,000 - flat Rs. 5,000 + GST

d. Reimbursement charges under Letter of Credit Rs.1,000 + GST per reimbursement as out of pocket expenses
e. Forwarding export documents to another bank for negotiation to whom L/C is restricted by the bank
which has booked the forward contract
For bills upto USD 5,000 - flat Rs.2,000 + GST
For bills over USD 5,000 - flat Rs. 5,000 + GST

EXPORT LETTER OF CREDIT

a. Advising letter of credit (recording, scrutinizing, authenticating and verification).
Rs.1500 + GST flat per letter of credit
b. Advising amendments Rs.600 + GST flat per amendment
c. Confirmation charges
I. Issuance Charges
II. Usance Charges
All-in-one rates applicable as quoted for import Letters
of Credit, below in Import Related Transactions section.
Minimum Rs.600 + GST for all customers Plus
processing fee for adding confirmation Rs.1,500 +GST
d. Transfer of letter of credit Rs.1,000 + GST flat for each advice of transfer.

For more Information you may Consider the below Attachement that is given below

Foreign Currency Exchange Rate of the State Bank of India





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