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Service Charges

Announcements

Revision is Remittances related service charges w.e.f 01.11.2021

REVISION IN DEPOSIT INTEREST RATE WEF 18/04/2022 View More...

Customer attention please: No Transaction Payments allowed w.e.f. 01/02/2019. Only viewing facility is available for all the Internet Banking Customers View More...

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 Fin View More...

No postal applications will be accepted for new Retail Deposits with effect from 02-08-2016, till further notice. View More...

Exchange Rates

Schedule of Service Charges

SERVICE CHARGES W. E.F. 01-11-2021

Remittances

S.NO TYPE USD / EURO GBP
1 Swift Charges for Telegraphic Transfers other than our own TDR maturity proceeds 20.00 0.00
2 For BOI-UK Customers
a Outward Payment instructions by CHAPS-other than our own TDR maturity proceeds N.A. 25.00
b Outward Payments instructions for USD/Euro/Other Currencies-other than our own TDR maturity proceeds
Upto 10000 30
Above 10000 1 per 1000.00+20 Swift Charges, Maximum charges-220.
N.A.
c. Inward Remittances (For USD and EURO remittances) 10 NILL
3 Correspondent Banking    
a. Remittance from BOI Non U.K. branches to BOI U.K. Accounts N.A Nill
b. Remittance from BOI Non U.K. branches to other U.K. Banks N.A. Upto 100 £5.00
101-1000 £10.00
1001-10000 £20.00
10001-25000 £25.00
25001-50000 £35.00
50001-100000 £40.00
Above 100000 £50.00
c. Remittance from other U.K. Banks to BOI Non U.K. branches N.A. Upto 100 £5.00
101-1000 £10.00
1001-25000 £25.00
25001-50000 £35.00
50001-100000 £40.00
Above 100000 £50.00
4 Amendment to Payment instructions (MT/DD) 20 £10
5 Amendment to payment instructions (Telegraphic Transfer) 40 £20
6 Postal charges for Mail Transfers 10 £5

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 £20 will be charged)
Free
(only postal charges of £20 will be charged)
2 INR Remittances to A/c with BOI, Indian branches Free
Upto £1000 £5
£1001- £5000 £10
Above £5000 £15
3 INR Remittance to A/c not with BOI, Indian branches
Upto £1000 £5
£1001- £5000 £10
Above £5000 £15
Upto £1000 £10
£1001- £5000 £15
Above £5000 £20
4 Cash handling charges for Remittances 0.30 per £100 or part there of Minimum charge -£3 0.30 per £100 or part there of Minimum charge -£3
5 Cash Handling Charges (Cash Deposits in to the account - other than remittances purpose)
Upto £1000 Nil
Above 1000 0.30 per £100
Upto 1000 Nil
Above 1000 0.30 per £100
  (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)
6 Forwarding papers to India for Renewal of NRO/NRE/FCNR TDR £20 per occasion £20 per occasion
7 Forwarding papers to India for Addition/ deletion of Name in NRE/NRO/FCNR Accounts £20/- per account £20/- per account
8 Forwarding papers to India for duplicate TDR for NRE/NRO/FCNR accounts £20 per TDR £20 per TDR
9 Any other services related NRI A/c £20 per occasion £20 per occasion
10 Attestation of signature/ pass port/ address proof £20 per occasion £20 per occasion
12 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 GBP £0.50 per entry
For USD/ Euro account $1.00 per entry
2 Cheque return charges (In/out ward) £20 per instrument
3 Special Presentation of Cheque by us £10
4 Collection of USD/EUR Cheques 2 per 1000
Minimum 20
Maximum 150
    U.K. Customers Non U.K Customers U.K Customers Non U.K Customers
a Current Account-Individua Minimum Balance £1000 Minimum Balance £5000 £2 per month £4 per month
b Current Account-Non-Individual Minimum Balance £2500 Minimum Balance £5000 £2 per month £4 per month
c SB Account Minimum Balance £200 Minimum Balance £2500 £1 per month £2 per month
5 Issue of Cheque Book Charges 15 per cheque book
6 Return of Direct debit 20 per entry
7 Stop Payment of Cheque/Direct Debit 20 per instrument
8 Issue of bankers cheque (Other than proceeds of TDR with us) 10 per cheque
9 Cancellation/Issue of duplicate Demand Draft/Revalidation 10 per occasion
10 Duplicate Statement of Account 10 per occasion
11 Duplicate Balance Confirmation Certificate 20 per occasion
12 Information/Certificate to be supplied to auditors of constituents 20 per occasion
13 Status Enquiry / Banker's Report 20 per occasion
14 (Reference Rate: GBP Base Rate; USD Prime Rate; EUR ECB Rate)  
15 Interest Rate on Unauthorised/Overdraft
(Reference Rate: GBP Base Rate; USD Prime Rate; EUR ECB Rate)
7% Over Ref. Rate
16 Issue of Duplicate TDR 10 per TDR
17 In-operative/ dormant accounts ( No transaction for 2 years) £10.00/$ 20.00 per annum

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