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Trade Finance 

  TRADE FINANCE
3.1 Documentary Credit – Import
3.1.1 Issuance of Sight/Usance/Revolving LC Manufacturing / Industry

1. In FCY (other than INR):
a. Corporate Customer:     
     0.125% - 0.20% per quarter or minimum Rs 1,000/- per quarter.
b.   Non – Corporate Customer:
      0.15% - 0.375% per quarter or minimum Rs 1,500/- per quarter.
c.    One-off *:
      0.20% - 0.375% per quarter or minium Rs 2,000/- per quarter.
 (Plus Courier / Communication Charges as per STC).

2. In INR/LCY:
a. Corporate Customer:
     0.15% – 0.375% per quarter or minimum Rs 1,000/- per quarter of part thereof.
b.   Non – Corporate Customer:
      0.375% - 0.50% per quarter or minimum Rs 1,500/- per quarter of part thereof.
c.    One-off *:
      0.375% - 0.70% per quarter or minimum Rs 2,000/- per quarter.
(Plus Courier / Communication Charges as per STC).

Trading

1. In FCY (other than INR):
a.  Corporate Customer:
     0.20% – 0.375% per quarter or minimum Rs 1,000/- per quarter.
b.   Non – Corporate Customer:
      0.375% - 0.50% per quarter or minimum Rs 1,500/- per quarter.
c.    One-off *:
      0.375% - 0.50% per quarter or minimum Rs 2,000/- per quarter.
(Plus Courier / Communication Charges as per STC).

2. In INR/LCY:
a.  Corporate Customer:
     0.20% – 0.375% per quarter or minimum Rs 1,000/- per quarter.
 b.  Non – Corporate Customer:
      0.375% - 0.50% per quarter or minimum Rs 1,500/- per quarter.
c. One-off *:
      0.375% - 0.70% per quarter or minimum Rs 2,000/- per quarter.

(Plus Courier / Communication Charges as per STC).

* Note: One-off means the customer who does not have regular limit for the particular transaction.
3.1.2 Amendment for value / validity extension As per issuance commission above plus Courier / communication Charges as per STC.
3.1.3 Other amendments as well as amendment for extension of value and validity within the quarter which has already been charged.  a. Corporate Customer:
 
Rs 500/- flat for all amendments other than enhancement of value and/or validity extension, in which case, charges shall be as per STC.

b. Non-Corporate Customer:
 Rs 1,000/- flat for all amendments other than enhancement of value and/or validity extension, in which case, charges shall be as per STC.

c. One-off:            
Rs 1,500/- flat for all amendments other than enhancement of value and/or  validity extension, in which case, charges shall be as per STC.
(Plus Courier / Communication Charges as per STC).
3.1.4 Revolving LCs reinstatement commission ½ (half) of the commission applicable for LC issuance.
(Plus Courier / Communication Charges as per STC).
3.1.5 Documents Handling / Payment under LC 1. Corporate Customer:
Rs 500/- for each sets of documents.
2. Non-Corporate Customer:
Rs 1,000/- for each sets of documents.
3. One-off:
Rs 1,500/- for each sets of documents. (Plus Courier / Communication Charges as per STC).
3.1.6 Usance Bill Acceptance 0.05% higher than commission applicable for LC issuance.
(Plus Courier / Communication Charges as per STC).
3.1.7 Document retirement under LC
(FCY by the customer own source)
10 paisa per FCY
3.2 Discrepancy Fees
 
  1. FCY LC
  2. INR LC
  3. LC (Domestic)
  1. USD 50/- or equivalent per set of docs.
  2. INR 2,000/- or equivalent per set of docs.
  3. Rs 3,000/- or equivalent per set of docs.
  (Plus Courier / Communication Charges as per STC).
3.3 Collection
3.3.1 Collection (Documents against Payment DAP)
  1. Corporate Customer: 0.20% of documents value or Rs 1,000/-
  2. Non-Corporate: 0.20% - 0.375% of documents value or Rs 1,500/-
  3. Non-Customer: 0.375% of documents value or Rs 2,000/-
(Plus Courier / Communication Charges as per STC).
3.3.2 Collection - Documents against Acceptance (DAA)
(Without undertaking from Bank for payment)
  1. Corporate: 0.10% or Rs 1,000/- per month or part thereof.
  2. Non-Corporate: 0.15% or Rs 1,500/- per month or part thereof.
  3. Non-Customer: 0.20% or Rs 2,000/- per month or thereof.
(Plus Courier / Communication Charges as per STC).
3.4 Documentary Credit – Export
3.4.1 Documents Negotiation under Sight LC 0.20% of doc. value plus interest rate applicable to OD till 15 days; if not regularized within 15 days, overdue interest @ 18% p.a. after 16 days till the date of realization.
(Plus Courier / Communication Charges as per STC).
3.4.2 Documents Negotiation under Usance LC 0.20% of doc. value; plus interest rate applicable to OD till the usance period and after usance period 17% till the date of realization.
(Plus Courier / Communication Charges as per STC).
3.4.3 Advising Export Letter of Credit or subsequent amendment for LCs negotiated with us. Rs 2,500/-
(Plus Courier / Communication Charges as per STC).
3.4.4 Advising Export Letter of Credit or subsequent amendment for LCs not negotiated with us. Rs 2,500/-
(Plus Courier / Communication Charges as per STC).
3.4.5 LC Transferring Charge Rs 3,000/- flat per transfer.
(Plus Courier / Communication Charges as per STC).
3.4.6 LC Cancellation Charge Rs 2,500/- flat.
(Plus Courier / Communication Charges as per STC).
3.4.7 LC Confirming Charge Charge to be confirmed with Treasury & Correspondent Banking Department each time.
Not to be less than 0.50% or Rs 3,000/- per quarter or part thereof.
(Plus Courier / Communication Charges as per STC).
3.5 Collection
3.5.1 Cash Against Documents (CAD)/ Export Document Collections 0.20% – 0.375% of document value or Rs 2,000/-
(Plus Courier / Communication Charges as per STC).
3.6 Guarantees
3.6.1 Bid Bond 0.25% - 0.75% per quarter. Minimum to be;
  1. Corporate: Rs 1,000/- per quarter.
  2. Non-Corporate: Rs 1,500/- per quarter.
  3. One-off: Rs 2,000/- per quarter.
3.6.2 Performance Bond 0.375% - 0.75% per quarter. Minimum to be;
  1. Corporate: Rs 1,500/- per quarter.
  2. Non-Corporate: Rs 2,000/- per quarter.
  3. One-off: Rs 2,500/- per quarter.
3.6.3 Advance Payment Guarantee 0.375% - 0.75% per quarter. Minimum to be;
  1. Corporate: Rs 1,500/- per quarter.
  2. Non-Corporate: Rs 2,000/- per quarter.
  3. One-off: Rs 2,500/- per quarter.
3.6.4 Issuance of Guarantees against Counter Guarantee of Other Banks 0.375% - 0.75% or Rs 1,000/- per quarter or part thereof plus commission/charges of another bank, if any. 
3.6.5 Shipping Indemnity Rs 3,500/- which seek specific approval on case to case basis.
3.6.6 Amendment of terms other than value increase and/or validity extension Rs 750/- flat plus communication charges.
3.6.7 Amendment for time extension within the quarter for which the commission has already been charged.  Rs 1,000/- flat plus communication charges.
3.6.8 Amendment for value / validity extension As per guarantee issuance commission above.
3.7 Minimum charge for LC issuance Rs. 1,500/- per quarter
3.8 Minimum charge for LC amendment Rs. 1,000/- each instance
 3.9 All other amendments  Rs. 1,000/- each instance


Kumari Bank