Oriental Bank of Commerce is an India-based bank established in Lahore, is one of the public sector banks in India.


Service Charges Pertaining to Loans

the Service Charges pertaining to loans of the Oriental bank of Commerce is given below

Usance Charges
For bills up to 7 days sight
Rs. 200.00 Plus 0.25% of the LC amount subject to minimum of Rs. 750.00 per
LC


For bills over 7 days and up to 3 months
sight
Rs. 200.00 Plus 0.50% per quarter or part thereof subject to minimum of Rs.
750.00 per LC

For bills over 3 months sight Rs. 200.00 Plus 0.50% for first 3 months Plus 0.25% per month or part thereof
in excess of 3 months subject to minimum of Rs. 750.00 per LC

Commitment charges for the period of liability
1.20 % per annum with a minimum period of one month or part thereof at the
rate of 0.10%. Minimum charges Rs. 750.00 per LC
.
Postage / out of pocket expenses Actual expenses to be recovered
Amendment charges for extension of validity period
1.20 % per annum with a minimum period of one month or part thereof at the
rate of 0.10%. Minimum charges Rs. 750.00 per LC.


Collection of Bills under Inland LC
[In line with Circular No HO/CS&P/48/2016-17/951 dated 31.12.2016]
ection of local / outstation Inward Bill eived under Inland LC
Up to Rs. 5000.00 Rs.100.00 plus out of pocket expenses Above Rs. 5000.00 up to Rs. 10000.00

Rs.100.00 plus out of pocket expenses

Above Rs. 10000.00 up toRs.100000.00
Rs.10.00 per thousand or part there minimum Rs.100.00

Above Rs. 100000.00 Rs.9.00 per thousand or part thereof.
Minimum Rs.1000.00
Maximum: Rs.15000.00