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