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Bank of India 'FEE FREE RUPEE' REMITTANCES to India
Remittance AmountRate in INR
From £100 - £99976.5
From £1000 - £499976.8
From £5000 - £1500076.9
above £15000, please contact branch for an instant Exchange Rates.
* The rates are indicative and are subject to change during the day. Minimum amount of remittance £100.00. Charges may be levied on the beneficiary by the remittance receiving bank.
Application Form for Remittance
Schedule of Service Charges
Remittances
1 Demand Drafts/Mail Transfers/Telegraphic Transfers USD/EURO GBP
Upto 5000 10.00 10.00
Over 5000
Subject to Minimum £10.00 and Maximum £100.00 in GBP
Subject to Minimum $10.00 and Maximum $200.00 in USD/EURO
1.00 per 1000 2.00 per 1000
Cash handling Charges (For cash tendered in excess of £1000.00) 1.00 per 100 0.50 per 100
Postal charges for Mail Transfers 10.00 5.00
Swift Charges for Telegraphic Transfers 20.00 10.00
2 Remittances to remitter’s own account only
(NRO/NRE/FCNR Accounts)
By Mail Transfer (No postage charges) (Cash handling charges, not included) Free Free
By Telegraphic Transfer (No TT charges) (Cash handling charges, not included) Free Free
Cash handling Charges (For cash tendered in excess of £1000.00) 1.00 per 100 0.50 per 100
3 Payment instruction by CHAPS NA 20.00
Cash handling Charges (For cash tendered in excess of £1000.00) 1.00 per 100 0.50 per 100
4 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
5 Cancellation/Issue of duplicate Demand Draft 24.00 12.00
6 Inward Remittances (For USD and EURO remittances) 10.00 NA
Deposit Accounts
1 Account transaction charges per entry (In current accounts only) USD/EUR - 1.00 0.50
2
Charges for not maintaining minimum balance - Current Account
Savings Account
2 per month
0.50 per month
3 Special Presentation of Cheque by us 10.00
4 Collection of USD/EUR Cheques 2 per 1000
Minimum £ 20
Maximum £ 150
5 Cheque Return – Inward Clearing (Issued by our clientele) 10.00
6 Cheque Return – Outward Clearing (Issued Favouring our clientele) 20.00
7 Stop Payment of Cheque 10.00
8 Issue of Banker’s Cheque 10.00
Cash handling Charges (For cash tendered in excess of £1000.00) 0.50 per 100
9 Duplicate Statement of Account 10.00
10 Balance Confirmation Certificate 20.00
11 Information/Certificate to be supplied to auditors of constituents 20.00
12 Status Enquiry / Banker’s Report 20.00
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 Premature withdrawal of Term Deposit – Premature Charge 1.00%
15 Closure of Accounts (Applicable for current accounts only) Personal Accounts 10.00
Business Accounts 20.00
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