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union bank of india lc opening charges |
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Re: union bank of india lc opening charges
I am telling you the charges of Revolving Letter of Credit LC in Union Bank Of India Union Bank Of India Revolving Letter of Credit LC charges w.e.f. 01-06-2016 LC opening charges plus on each reinstatement, usance charge according to tenor and commitment charge @ 0.293% + Service Tax will be charged on the reinstated amount, Min. Rs.250/- + Service Tax (Total : Rs.288/-). Rate of charge- Usance charges/Commitment Charges LC opening charges plus on each reinstatement, usance charge according to tenor and commitment charges @ 0.293% will be charged on the reinstated amount. Minimum - Rs.250.00 + Service Tax (Total : Rs.288/-). Transferable Letter of Credit- Rs.270.00 + Service Tax (Total: Rs.311/-) per transfer except when the name of the beneficiary is changed under instructions from opening Bank. When reimbursement under LC is claimed by an AD in India from our Bank- Rs.888/- per reimbursement Commission for joining in customers’ guarantee/indemnity on behalf of the customer to other banks in India in respect of discrepancies in documents negotiated under LC. @ 0.262% with a minimum of Rs.626/-. Union Bank Of India Service Charges (w.e.f. 01-06-2016) For more details here is the attachment |
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