INDIAN OVERSEAS BANK  BANGKOK

 

Service charges w.e.f.18.04.2013                             

 

                                                                                                                                                                                In THB

Particulars

Unit

Amount in THB

Minimum balance in THB Current Account

 

10,000

Minimum balance in THB Savings Account

 

1,000

Minimum balance in FC  retail Account (USD/EURO)

 

100

Minimum amount for opening Term deposits

 

10,000

Charges for not maintaining minimum balance of B10,000/-  in Current Accounts

Per month

100

Charges for not maintaining minimum balance in Savings Account /FC retail account

Per month

50

Maintanance fee for inoperative a/cs over one year

Per 6 months

250

Activation charge for inoperative a/cs

Per activation

250

Charges for closing a/cs within 3 months of opening

One time

250

Cheque return (Current Account)

Per item

300

Issue of cheque book (Current Account)

Per cheque

15

Cheque stop payment charges

Per cheque

100

Outstation cheque collection

Per cheque

0.10% of value of cheque, with min. of  30

Standing instruction

Per item

30

Document searching charges

 

 

            Less than 6 months

Per item

150

            6 months to 1 yr

500

            Over 1 yrs

1000

Additional monthly statement  / old statement request

Per month

100

Balance confirmation certificates

Per account

100

Issue of any other certificates including audit certificates

Per certificate

200

Fax charges

Per page

50

Courier charges

Per courier

Actual

SWIFT charges

Per message

500

Letter of guarantee- with 100% cash margin

Per annum

1%

Letter of guarantee- others

Per annum

2%

Expired guarantees – till return of original guarantee

Per annum

2%

Guarantee commission will be charged quarter wise, with any number of days below 1 quarter counted as a quarter. Minimum guarantee commission B 500/-

 

Shipping Guarantee

Per item

500

Processing charge for W/C limits, both FB and NFB

                                  limit up to 10 Mn

Every processing: New/renewal  with or without modification of limits/adhoc sanctions

3500

                                  Above 10 up to 25 Mn

7000

                                 Above 25 up to 50 Mn

10000

                                 Above 50 Mn

15000

Processing charge for Term Loans

One time

0.25% of loan amount

Prepayment penalty           :within 6 months of availment

On prepaid portion

3%

                                                Within 6-18 months

2%

                                                After 18 months

1%

Outward Remittances

                             DD

Per DD

200

                             TT to IOB branches in India

Per transfer

400

                            TT to other banks

Per transfer

500

                            Bahtnet: transferor

Per transfer

150

                                             Transferee

Per transfer

100

                           Cashier cheque

Per cheque

50

                           DD cancellation / revalidation

Per DD

100

Any charges outside Thailand are for the account of the beneficiary

 

Inward remittances: Upto USD 1000 or its equivalent

Per remittance

250

                                     Above USD 1000 or its equivalent

Per remittance

500

                                    Additional charge for holding IR beyond 1 month from value date without conversion

Per remittance

500

Opening of Letter of Credit

       Commitment charges: foreign LC

 

¼%, min.1000 for every 3 months

      Commitment charges:  inland LC                                     

 

1/5%, min. 1000 for every 3 months

      Engagement commission for Usance LCs, both domestic and foreign LC

 

1/8% for first quarter, there after 1/16% per month.

      Back to back LC

Per quarter

0.30%, min.1000

      Standby LC

Per annum

2%, min.1000

      LC SWIFT charges

             By mail

Per message

Per message

1000

200

      Amendments-Extension of validity / amount change

 

At the rate of commitment charges applicable at the time of opening of LC

     Other amendments

Per amendment

500+ Swift charge 500

Import Bills

 

     Comm. for Direct bills transferred to TR

Per bill

100

     Import bills transferred to TR

Per bill

1/8%, min.600

     Import bill for collection

Per bill

1/8%, min.600

     Documents released free of payment

Per bill

600

     Overdue import collection bills

Per bill

100, plus 50/- for every quarter exceeding 3 months of due date

Domestic inward bills transferred to TR

 

400

Extension of due date of TR

Per TR

100

Exports

 

L/C advising charges

 

500

      Advising amendments

 

500

      Advising LC/amendments through other Banks

 

USD 50.00

     Transfer of LC

 

1/8%

     L/C confirmation

 

1/10th, minimum 1000

    Negotiation charges

 

800+250 postage

Inland LC negotiation

 

    If charges to opening Bank

 

750

   If charges to beneficiary

 

200

   Collection charges

 

1/8%, min 400

   Commission in lieu of exchange

 

1/8% + 250 postage

   Courier charges

 

 

300

   SWIFT charges

 

500

Issuing Cashier’s cheque for export proceeds

 

500

    Foreign currency Cheque collection

 

300 + postage(THB 250 for cheques on Newyork, actual charges for cheques on other cities)

    Foreign Currency Cheque purchase

 

Above charges + interest

   Travellers cheque

 

1%

Extension of Forward contracts

 

1000

Locker charges

 

 

   Customers hiring lockers have to maintain fixed deposit with the Bank for an amount not less than 5 times the annual rent of the locker hired.

 

   Rent:  Small

 

Per annum

750

               Medium

1000

               Large

2000

              Very large

4000

 

Chief Executive of the branch will have discretion to waive a specific charge to a customer, depending on the value of business connection.

 

 

 

 

Chief Executive