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Schedule of Transaction Times
 
SERVICE CHARGES W. E.F.  01.11.2013
 
Remittances
S.NO TYPE USD / EURO GBP
  1 Demand Drafts/Mail Transfers/Telegraphic Transfers/ Swift payment, transfers –remittance charges – other than FCNR deposits to  remitters’ own name (free)  
Up to  GBP 5000 10.00 10.00
Over  GBP 5000 1.00 Per
1000
Min. -USD/Euro 10
Max. -
USD/ Euro  200
2.00 Per 1000
Minimum -
£ 10
Maximum-
 £ 100
Postal charges for Mail Transfers 10.00 5.00
Swift Charges for Telegraphic Transfers ( Over and above remittance charges mentioned above) – other than our own TDR maturity proceeds 20.00 10.00
Payment instruction by CHAPS - other than our own TDR maturity proceeds N.A 25.00
Amendment to Payment instructions (MT/DD) 20.00 10.00
Amendment to payment instructions (Telegraphic Transfer)
Correspondent bank charges to be levied additionally
40.00 20.00
Cancellation/Issue of duplicate Demand Draft 24.00 12.00
Inward Remittances (For USD and EURO remittances) 20.00 10.00
Third party payments from Other U.K. banks for A/Cs of Indian branch customers through London branch N.A
 
25
Third party payments from  BOI, Non U.K. branches to Other U.K. banks through London branch N.A 10
Rupee Remittances / NRI Services (Amount in GBP)
S. No Type BOI, U.K. Customers Non- BOI, U.K. 
Customers
   1 Opening of NRE/NRO/ FCNR A/c Free
(only postal charges of GBP 20 will be charged)
Free
(only postal charges of GBP 20 will be charged)
   2 INR Remittances to  A/c with BOI, Indian branches  Free Up to £1000    - £    3
 
£1001- £5000 -  £    5 Above £5000  -  £  10
   3 INR Remittance to A/c not with BOI, Indian branches Up to £1,000      -£  3 £1001- £5000    -£  5 Above £5,000   - £ 10 Up to £1,000   -   £  5 1001- £5000  -   £  10 Above £5,000 -  £ 20
   4 Cash handling charges for Remittances
(No free limit)
£ 0.30 per £100 or part there  of Minimum charge -£3 £ 0.30 per £100 or part there  of Minimum charge -£3
   5 Postal charges  for Renewal of NRO/NRE/FCNR TDR £  20 £  20
   6 Addition/ deletion  of Name in NRE/NRO/FCNR Accounts £ 20/- per account £ 20/- per account
   7 Arranging for duplicate TDR for NRE/NRO/FCNR accounts £20 per TDR £20 per TDR
   8 Any other services related NRI A/c  £10 per occasion £20 per occasion
   9 Attestation of signature/ pass port/ address proof- If advised by our Indian branch Free £  10
10 Attestation of signature/ pass port/ address proof-( If not advised by Indian Branch) £  10 £  20
11 Live- certificate for pensioners  Free £ 5 per certificate  
DEPOSITS
S.NO. TYPE CHARGES
   1 A/c Transaction charges per entry
(Only for Current Accounts -CA)
  • For USD/ Euro account
£0.50 per entry

1.00 per entry
   2  Cheque return charges (In/out ward) £20 per instrument
   3  Special Presentation of Cheque by us 10.00
   4  Collection of USD/EUR Cheques £  2 per 1000
Minimum £ 20
Maximum £ 150
   5 Charges for not maintaining minimum balance
a. Current Account
b. SB Account 
 
£2 per month
£1 per month 
   6  Return of Direct debit £20 per  entry
   7  Stop payment of Cheque £20 per instrument
   8 Issue of bankers cheque (Other than proceeds of TDR with us) £10 per cheque
   9  Duplicate Statement of Account £ 10
 10  Balance Confirmation Certificate £ 20
 11  Information/Certificate to be supplied to auditors of constituents £ 20
 12  Status Enquiry / Banker’s Report £ 20
 13  Withdrawal against unclear effects (Temporary Overdraft Charges)
(Reference Rate: GBP – Base Rate; USD – Prime Rate; EUR – ECB Rate)
7.00% Over Ref.   Rate
 14  Closure of Accounts (Applicable for current accounts only)
a. Personal Accounts
b. Business Accounts

£10.00

£20.00
 15  Issue of Duplicate TDR £10 per TDR
 16  In-operative/ dormant accounts ( No transaction for 2 years) £10.00 per annum
 17 Cash Handling Charges ( Cash Deposits in to the account - other than remittances purpose )
Up to  1000

Above 1000

( If cash deposits of up to £1000 in the account is used for remittance on the same day or next day, the applicable cash handling charges  ( for different currencies ) will be recovered  and no free facility  will  be  extended)

Free


0.30 per £100
 
Note: 1. Charges for services not mentioned above would be made available on request.
2. All services listed here may not be available at all our branches
 
 
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Bank of India is authorised in UK by Prudential Regulation Authority (PRA) and regulated by PRA & Financial Conduct Authority (FCA). Our financial service registration NO. is 204629 | A member of Financial Services Compensation Scheme | Government of India is major shareholder in the Bank.


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