[nilesh]

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Hi I would like to have the details of the service charges levied by Punjab National Bank for Export Letter of Credit?

[Vishal Kotkar]

The details of the service charges levied by Punjab National Bank for Export Letter of Credit has been mentioned below:

Export Letter of Credit

Advising Letter of Credit

Rs.1000/- per LC for customer
Rs.1500/- per LC for non-customer

Advising Amendment

Rs.500/- per amendment for customers,
Rs.750 for non-customers.

LC Confirmation Charges

Powers to add confirmation to FLCs of correspondents/approved banks and relaxation in service charges are vested with IBD-HO. (IBD will advise the charges while permitting for confirmation)

Transfer of Letter of Credit

Rs.1000/- for each transfer

Acceptance Commission for Accepting Usance Drafts to be drawn on or Accepted by Banks in India.

0.25% p.m. with Min. of Rs 1500/-

Specific Approval for purchase/negotiation of documents relating to unapproved banks.

Rs.1000/- for each approval