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Nitin Sharma | 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)? 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. |