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Service Charges

Announcements

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

Coronavirus(Covid-19): support for our customers:We are closely monitoring the coronavirus(Covid-19) situation in U.K and taking sensible precautions to make sure our customers are not inconvenienced

Customer Attention Please: On account of ongoing nationwide lockdown due to Covid-19 Pandemic all our UK branches viz. London Branch,Birmingham Branch,Leicester Branch,Glassgow Branch and Wembley Br View More...

Coronavirus (Covid-19) Notice 2 : Please read our Coronavirus (Covid-19) Notice 2 for latest updates

Customer attention please: Change in Branch Timings: In view of the UK Govt. instructions on travel restrictions, timings of Bank of India UK Branches will be changed to 10:00 a.m. to 03:00 p.m.

REVISION IN DEPOSIT INTEREST RATE WEF 28/07/2021 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. 20-09-2021

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 10
b. Remittance from BOI Non U.K. branches to other U.K. Banks N.A. Upto 100 Nil
101-1000 10.00
1001-10000 20.00
10000-50000 25.00
50000-100000 30.00
Above 100000 40.00
c. Remittance from other U.K. Banks to BOI Non U.K. branches N.A. Upto 100 Nil
101-1000 10.00
1001-10000 20.00
10000-50000 25.00
50000-100000 30.00
Above 100000 40.00
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 Postal charges for Renewal of NRO/NRE/FCNR TDR £20 £20
7 Addition/ deletion of Name in NRE/NRO/FCNR Accounts £20/- per account £20/- per account
8 Arranging for duplicate TDR for NRE/NRO/FCNR accounts/c £20 per TDR £20 per TDR
9 Any other services related NRI A/c £10 per occasion £20 per occasion
10 Attestation of signature/ pass port/ address proof- If advised by our Indian branch Free £10
11 Attestation of signature/ pass port/ address proof-( If not advised by Indian Branch) £10 £20
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
  • 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
4 Collection of USD/EUR Cheques 2 per 1000
Minimum 20
Maximum 150
a Current Account-Individual Minimum Balance £1000 2 per month
b SB Account Minimum Balance £1000 2 per month
c Current Account-Non-Individual Minimum Balance £200 1 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 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