Cheque Book Charges

Current Account
Particulars Existing Charges New charges(Revised)
50 leaves of CA cheque book Nu.50 Nu.50
25 leaves of CA cheque book Nu.25 Nu.25
Personalized CD cheque book Nu.200 Nu.200
Personalized SB cheque book Nu.200 Nu.200
Savings Account
Particulars Existing Charges New charges(Revised)
First Cheque book First SB cheque book free
Subsequent issuance Actual cost of the cheque book As per the OO No.e-circular no.Misc/10 dated December 31,2011.Actual cost:50 leaves-Nu.50,25 leaves -Nu.25

Cheque Return Charges

Within Bank
Particulars Existing Charges New charges(Revised)
Cheque returned for insufficent funds NA For the 1st & 2nd offence, Nu.300 +10% of the cheque value per instance, to be charged to the issuer of cheque.
NA For 3rd offence and thereafter, Nu.500+10% of the cheque value and the cheque facility to be disabled for 3 years.To be charged to the issuer of the cheque.
Inter Bank
Particulars Existing Charges New charges(Revised)
Presentment of cheque No charge No charge
Cheque returned for insuffcient funds Nu.300 For the 1st & 2nd offence, Nu.300 +10% of the cheque value per instance, to be charged to the issuer of cheque.
For 3rd offence and thereafter, Nu.500+10% of the cheque value and the cheque facility to be disabled for 3 years.To be charged to the issuer of the cheque.
Cheque returned for no endorsement by the bank Nu.100 Nu.100.To be charged on the acquiring bank and not on the customer.
Late delivery of the delivery statement Nu.100 Nu.100.To be charged on the acquiring bank and not on the customer.
Second presentment No charge No charge
Presentment of the postdated cheques Nu.100 Nu.100.To be charged on the acquiring bank and not on the customer.
Presentment of stale dated cheques Nu.100 Nu.100.To be charged on the acquiring bank and not on the customer.

In addition,mandate banks to call and inform the issuing bank before accepting high value cheques.

TT/ DD/ Manager’s Cheque

Existing charges Revised Charges
Slab Charges Slab Charges
Up to Nu. 10,000 Nu. 35 Up to Nu. 100,000 Max. Nu. 35
Nu. 10,001 to Nu. 100,000 Nu. 2.75 per 1,000 (Min. Nu. 50) Nu. 100,001 till Nu.1,000,000 Nu. 2.00 per 1,000 (Min Nu. 35
and Max Nu. 2,000)
Above Nu.100,000 Nu. 2.5 per 1,000 (Min. Nu 400 & Max. Nu. 20,000) Above Nu.1,000,000 Nu. 1.75 per 1,000 (Min. Nu 2,000 & Max. Nu. 15,000)

Foreign Exchange Service Charges

Cumentary Letter of Credit – Import (Both Foreign Currency & Indian Rupee)
Existing charges Revised Charges
Bill charge 0.15% (Min. Nu. 250) as opening commission 0.15% (Min. Nu. 250) as opening commission
Commitment charge 1% on actual number of days up to the validity of the credit (Min. Nu. 250) 0.75% on actual number of days up to the validity of the credit (Min 250)
Usance charge 1.2% on actual number of days up to the validity of the credit (Min. Nu. 250) 1.00% on actual number of days up to the validity of the credit (Min Nu. 250)
Foreign Currency Remittances (Transfer Via SWIFT)
Existing charges Revised Charges
Particulars Charges Charges
Transfer via Swif 0.25% (Min. Nu.100) plus transmission charges
of Nu. 250 for TTs & Nu. 1,000 for LCs.		 0.20% (min. Nu. 100) plus transmission
charges of Nu. 200 for TTs & Nu. 700
for LCs
Inward TT/SWIFT
remittance		 Free of Charge Free of Charge
Postage charge Actual basis (Min. 500) Actual basis
Purchase / Sale Of USD Travelers Cheques

Purchase/sale of USD travelers Cheques : Commission @ 1% on Ngultrum equivalent value

General Charges

Existing charges Revised Charges
Particulars Charges Charges
Loan application Nu. 100 Nu. 100
Commitment fee/charges on
unutilized amount of OD & WC		 Nu.0.5% 0.1%
Statement charges if required for
more than once in a month		 Nu. 5 per page Nu. 5 per page
Stop payment charge for cheques
and drafts		 Nu. 50 per instrument Nu. 50 per instrument
No due/Demand Certificate Nu.50 Nu.50
Presentation of usance bill for acceptance Nu. 20 Nu. 20
Inquiry relating to old records of
more than 12 months		 Nu. 100 per item Nu. 100 per item
Cancellation/issuance of duplicate/
revalidation of drafts		 Nu. 100 per instrument Nu. 100 per instrument
Postage Nu. 40 Actual basis
Telephone Nu. 20 Actual basis

SERVICE CHARGE ON BANK ACCOUNT AND MAINTENANCE OF MINIMUM BALANCE

Existing charges Revised Charges
Particulars Charges Charges
Savings account Nu. 300 as annual account maintenance fee irrespective of dormant/active account Max. Nu. 150 as annual account maintenance fee
Current account No maintenance fee but levy charges on cheque books No maintenance fee
Minimum balance in saving a/c Nu. 500 Minimum balance not required
Minimum balance in current a/c Nu. 1,000 Nu. 1,000

CHARGES RELATING TO CREDIT INFORMATION

Particulars Charges
Loan Applicant Nu. 500
Guarantor Nu. 300

Charges for ATM Usage

Bank’s Own ATM (On-Us transaction)
Particulars Existing Charges New charges(Revised)
Financial(Cash withdrawal) Free of Charge Free of Charge
Non-Financial(Balance enquiry statement print,PIN change) Free of charge Free of Charge
Other Banks’ ATM (Off-Us transaction)
Particulars Existing Charges New charges(Revised)
Financial(Cash withdrawal) First five transactions free of charge First five(5) transactions free of charge
Sixth transaction-Customer are charged Nu.12 Sixth transaction-Customer are charged Nu.9
Sixth transaction-Banks are charged Nu.6 Sixth transaction-Banks are charged Nu.9
Non-Financial(Balance enquiry statement print,PIN change) Banks are charged Nu.8 per transaction. Banks are charged Nu.5 per transaction.

Charges for POS

Particulars Existing Charges New charges(Revised)
Charges for using Banks own PoS Free of charge No change
Charges for using other banks PoS domestic Banks charges Nu.12 per transaction. Banks charges Nu.12 per transaction.

BIRT

Particulars Existing Charges New charges(Revised)
BULK Free for both Inward and Outward Free for both Inward and Outward
BITS
Inward Free Free
Up to Nu.50,000 Free of charge Nu.20 flat transaction fee per transaction irrespective of amount up to Nu.1 Million.
Nu.50,001 to Nu.100,000 Nu.15
Nu.100,001 to Nu.1,000,000 Nu.20
RTGS
Inward Free Free
Nu.1000,001 Nu.35 Nu.50 flat transaction fee per transaction irrespective of amount above Nu.1 Million.

Bank Mobile App-based Fund Transfer System Limits and Charges

Particulars Max Limit Charges
Inter Bank and Within Bank 1000,000 Free of Charge

Bank Guarantee Fees

1. EMD/Bid Security

SI No. Limits Fees(Nu.)
i. Up to Nu. 250,000 1,000
ii. Above Nu. 250,000 to Nu. 500,000 2,000
iii. Above Nu. 500,000 to Nu. 1,000,000 3,500
iv. Above Nu. 1,000,000 5,000

2. Performance and other guarantees (Inland)

SI No. Limits Fees(Nu.)
i. Up to Nu. 10 Mn 2.75% p.a for actual no. of days
ii. Above Nu. 10 Mn to Nu. 40 Mn  2.00% p.a for actual no. of days
iii. Above Nu. 40 Mn to Nu. 80 Mn  1.50% p.a for actual no. of days
iv. Above Nu. 80 Mn  1.00% p.a for actual no. of days

3. Foreign Guarantee Fees: 2.00% p.a