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Commission and Fees
Revised Schedule of Service Charges - May 2012
| S. No. | Particulars | Revised Charges |
| 1 | Trade Operations | |
| 1.1 | Import Letter of Credit | |
| 1.1.1 | Import Letter of Credit Issuance | |
| a. | Issuance of L/C (Irrevocable / Back to Back / Transferable) | 0.25 % per quarter / minimum NPR 1,000.00 |
| b. | Revolving L/C – in terms of value | 0.25 % per quarter or part credit thereof, minimum NPR 1,000.00, thereafter 0.25 % per quarter or part credit thereof, minimum NPR 1,000.00 will be levied on each reinstatement of value. |
| c. | Revolving – in terms of validity | 0.25 % per quarter or part credit thereof, minimum NPR 1,000.00, thereafter 0.25 % per quarter or part credit thereof, minimum NPR 1,000.00 will be levied on each reinstatement of value. |
| d. | L/C issuance with confirmation added | L/C issuance charge as applicable + confirming Bank charges, plus communication charge. |
| 1.1.2 | Letter of Credit Amendment | |
| a. | For validity extension of expiry and / or increase in value | 0.25 % per quarter / minimum NPR 500.00 |
| b. | Amendment other than time extension and increase in value | NPR 1,000.00 |
| c. | Letter of Credit Cancellation ( Full or Unutilized ) (At the request of the customer before expiry of the L/C) |
NPR 1,000.00, plus communication charges and other bank charges if any. |
| 1.1.3 | Transfer of Credit | |
| a. | For a simple transfer of whole documentary credit | 0.1% of transferred value / minimum NPR 3,000.00, plus communicattion charge |
| b. | For partial transfer | 0.1% of transferred value / minimum NPR 3,000.00, plus communicattion charge |
| 1.1.4 | Issuance of Delivery Order under L/C against copy documents | NPR 500.00 per set of documents |
| 1.1.5 | Acceptance (Usance L/C) Commission | 0.75 % per quarter / minimum NPR 1,000.00 |
| 1.1.6 | Import Bill Payment Commission | NPR 500.00 |
| 1.1.7 | Discrepancy fee per set of document | USD 50/- for L/C issued in USD, EUR 50.00 for L/c issued in EUR, GBP 50.00 for L/C issued in GBP, INR 2,000.00 for L/C issued in INR, NPR 3,000.00 for L/C issued in NPR, Equivalent USD 50.00 for all other currency |
| 1.1.8 | Document Against Payment (DAP) / Billty (Import) | 0.175 % per quarter / minimum NPR 1,000.00 |
| 1.1.9 | Document Against Acceptance (DAA) | 0.75% per quarter / minimum NPR 1,000.00 |
| 1.2 | Export Documentary Credits | |
| a. | Advising Only | NPR 2,000.00 for LC and NPR 1,000.00 for LC amendment if documents are being negotiated with us NPR 4,000.00 for LC and NPR 2,000.00 for LC amendment if documents are not being negotiated with us |
| b. | Documentary Credits Confirmation Adding (subject to prior arrangement) | L/C issuance charge as applicable + confirming Bank charges, plus communication charge |
| c. | Export Bills – Sight bill negotiation | 0.45% or NPR 1,000.00 (from 7th day onward for local bill &16th day onward for foreign bill, Bank's highest lending rate will be applicable), plus communication charge |
| d. | Export Bills – Usance bill negotiation | 0.45% or NPR 1,000.00 + 14% on the usance period from 7th day onward for local bill and 16th day onward for foreign bill negotiation, plus communication charge |
| e. | Export Bills – Sight / Usance collection | 0.125% on document value or minimum NPR 1,000.00, plus communication charge |
| f. | Cash Against Document (CAD) Purchase / Negotiation (Export) | 0.45% or NPR 1,000.00 (from 7th day onward for local bill &16th day onward for foreign bill, Bank's highest lending rate will be applicable, plus communication charge), plus communication charge |
| g. | Cash Against Document (CAD) Collection (Export) | 0.125% on document value |
| 1.3 | Letter of Guarantee | |
| 1.3.1 | Guarantee Issuance | |
| a. | Issuance Charges | Bid Bond, Performance Bond, Advance Payment Bond - 0.375% per quarter or NPR 1000 + counter guarantee Bank's issuance charges as applicable. |
| b. | Counter Guarantee Issuance at the request of guarantee issuing bank | 0.75% per quarter / minimum NPR 1,000.00 plus other Bank charges as applicable plus communication charge. |
| c. | Guarantee Claim Handling charges (to be charged to the Applicant) | NPR 1,000.00 plus other related charges. |
| 1.3.2 | Amendment | |
| a. | Increase in value & validity extension | 0.375% per quarter, minimum NPR 750 |
| b. | Other amendment i.e., clauses etc. | NPR 500 |
| 1.3.3 | Guarantee Cancellation Charge | NPR 500.00 |
| 1.4 | Others | |
| a. | Advance Payment | |
| Advance Payment up to USD 30,000/- for import of goods and up to USD 200,000 for import of gold | 0.10% or min Rs.700/- plus communication charge for customer and 0.15% or min Rs.1000/- plus communication charge for non customer. | |
| Advance payment vide USD cash for import of goods from tatopani Customs office | 0.10% or min Rs.500/-for customer and 0.15% or min of Rs. 700/- for non customer | |
| 2 | Customer Services | |
| 2.1 | Stop Payment on cheque | NPR 300.00 (plus communication charges as per SSC where applicable) per application. |
| 2.2 | Cheque certified “Good for Payment” | NPR 300.00 |
| 2.3 | Cancellation of "Good for Payment" | NPR 100.00 |
| 2.4 | Standing Instruction | NPR 250.00 per instruction (requested by customer) |
| 2.5 | Issuance of Balance Certificate | A/C less than 3 months -NPR 750.00, More than 3 month - NPR 500.00 (charges nil for institutional balance certification for audit purpose) |
| 2.6 | Account closure charge for -BOA Shareholder A/C - Saving Payroll A/C -BOA Nari Shakti Bachat A/C - BOA Dhanbarsa Bachat A/C | NPR 750.00 |
| 2.7 | Account closure Charge For -Sulav Bachat Saving A/C -Sambridhi Bachat- Daily A/C -BOA Little Stars Savings A/C -Karmachari Bachat Khata A/C | NPR 500.00 |
| 2.8 | Account Closure charge for Current A/C, Call A/C and Foreign Currency A/C | NPR 500.00 |
| 2.9 | Fixed Deposit Premature | Applicable published interest rate for the period (from FD open date to premature date) less 2% penalty |
| 2.9 | Cheque Book | |
| 2.9.1 | Cheque Book issuance against lost Cheque | If stop payment has been made, Cheque Book issuance against lost Cheque is NULL. |
| 2.9.2 | Charge for uncollected Cheque Book | NPR 200.00 ( if Cheques not collected within 6 months) |
| 2.9.3 | Non-submission of cheque book at the time of account closing | NPR 20.00 per leaf or minimum NPR 100.00 for the last issued cheque book/leaves. |
| 2.10 | Duplicate Accout Statement Request | Statement request for more than 6 months NPR 20.00 per page or minimum NPR 100.00 |
| 2.11 | Duplicate Customer DR/Cr Advice | |
| 2.11.1 | Within 3 months of transaction | Free |
| 2.11.2 | After 3 months and up to one year | NPR 50.00 |
| 2.11.3 | After 1 year and up to 2 years | NPR 100.00 |
| 2.11.4 | After 2 years | NPR 500.00 |
| 2.12 | Record Retrieval Charges | |
| 2.12.1 | Within 3 months of transaction | Free |
| 2.12.2 | After 3 months and up to one year | NPR 100.00 |
| 2.12.3 | After 1 year and up to 2 years | NPR 200.00 |
| 2.12.4 | After 2 years | NPR 500.00 |
| 2.13 | CIC Blacklisting (for bounced cheque) | |
| 2.13.1 | If Cheque Amount is less than One Million | NPR Rs. 5000.00 per instruction |
| 2.13.2 | If Cheque Amount is Above than One Million | NPR Rs. 7000.00 per instruction |
| 2.14 | Others | |
| 2.14.1 | Foreign currency deposit in local currency account or encashment of FCY | Nil |
| 2.14.2 | INR Notes exchange over the counter (both purchase & sale) | Nil |
| 2.14.3 | Any Branch Banking System (ABBS) Charges | Nil |
| 3 | Remittance | |
| 3.1 | Draft / MC Issuance | |
| 3.1.1 | Local Currency Draft / Mananger's Cheque / Nepal Rastra Bank Cheque Issuance | NPR 250.00 |
| 3.1.2 | Draft Customer INR | 0.30% or minimum NPR 500.00 |
| 3.1.3 | Draft Non Customer INR | 0.75% or minimum NPR 1,000.00 |
| 3.1.4 | Draft Customer FCY | 0.10% or minimum NPR 250.00 |
| 3.1.5 | Draft Non Customer FCY | 0.25% or min NPR 500 |
| 3.1.6 | Cancellation of Draft | NPR 200.00 + SWIFT Charge as applicable |
| 3.1.7 | Cancellation of MC/NRB Cheque | NPR 200.00 |
| 3.2 | SWIFT Transfer Outward | |
| 3.2.1 | SWIFT Customer INR | 0.10% or minimum NPR 100.00 plus SWIFT charges |
| 3.2.2 | SWIFT Non Customer INR | 0.20% or minimum NPR 250.00 plus SWIFT charges |
| 3.2.3 | SWIFT Customer FCY | 0.10% or minimum NPR 250.00 plus SWIFT charges |
| 3.2.4 | SWIFT Non Customer FCY | 0.25% or min NPR 500.00 plus SWIFT charges |
| 3.2.5 | Cancellation of SWIFT Outward | NPR 500.00 flat plus SWIFT charge as applicable |
| 3.3 | Transfer of Fund within branches - Account to Account | Nil |
| 3.4 | Transfer of Fund within branches – For customer maintaining account at one end. | Nil |
| 3.5 | Pay Upon ID / Fax Transfer within BOAN Branches | 0.10% or NPR 100.00 which ever is higher. |
| 3.6 | Inward Remittance through SWIFT | |
| 3.6.1 | If customer maintains account with us | Nil |
| 3.6.2 | If customer maintains account with other bank (payment to be effected by way of issuing our Manager's Cheque or through SWIFT) | NPR 200.00 plus applicable SWIFT/MC issuance charges |
| 3.6.3 | Fund return for Inward Remittance | USD 20.00 or equivalent plus SWIFT charges as applicable |
| 3.7 | Cheque Processing | |
| 3.7.1 | Special Clearing | Outward Clearing - 0.01% of cheque value or minimum NPR 250.00 + Other bank charge, Inward - NPR 0.01% or minimum NPR 500.00 + Domestic SWIFT charge as applicable. |
| 3.7.2 | Cheque Collection Outward | Cheque payable inside Nepal - 0.10% or min 250.00 + postage/courier / Cheque payable outside Nepal - 0.10% or min 250.00 + postage/courier. |
| 3.7.3 | Cheques returned unpaid (Due to insufficient balance only) | NPR 100.00 for Manual Outward Clearing/Collection Cheque return + other Bank charges NPR 100.00 for Inward Cheque return due to insufficient balance. (Manual clearing and over the counter transaction if cheque return advice is required by the payee/bearer) |
| 3.8 | Local Inter Bank Transfers (At The Request Of One Bank to Another) | |
| 3.8.1 | If the beneficiary is a bank | Free |
| 3.8.2 | For third party beneficiary | 0.10% or minimum Rs.500.00 per transfer |
| 3.8.3 | Funds transfer with NIC, KIST, Country Development Bank & Bright Development Bank etc. | As per arrangement with the respective Banks / Financial Instituiton (Refer Operation Procedure) |
| 3.9 | Travellers Cheques | |
| 3.9.1 | TC Issuance Customer | 1% of the issuance value or minimum NPR 250.00 |
| 3.9.2 | TC Issuance Non Customer | 1.25% of the issuance value or minimum NPR 350.00 |
| 3.9.3 | FCY Cash Sale Charge | Nil |
| 3.9.4 | FCY Cash (other than INR) Encashment | Nil for FCY Cash Encashment. |
| 3.9.5 | FCY Cash Deposit in FCY Account | No charges for FCY currency notes of denominations 50 or above. 0.5 % on deposit amount on FCY currency notes of denominations below 50. |
| 3.9.6 | Travellers Cheques Encashment (Non – customer / Tourist). | 1 % of face value plus postage charge |
| 3.9.7 | Cheques/Travellers Cheques Purchase (customer) | 0.1% or min NPR 200.00 for local clearing cheque. 0.5% or min NPR 300.00 + postage (additional 14% from 16th days onwards) for cheques drawn within nepal. 0.5% or min NPR 300.00 + postage (additional 14% from 16th days onwards) for cheque drawn outside Ne |
| 3.9.8 | Cheques / Travellers Cheques Sent on collection | Inside Nepal - 0.10% or min 250.00 + postage / Courier Outside Nepal - 0.10% or min 250.00 + postage/courier |
| 3.9.9 | Cheques / Travellers Cheques Sent on collection returned unpaid | NPR 100.00 + other Bank charges if any. |
| 3.10 | Safe Deposit Lockers | |
| Locker Types ( In Inches) | Rental Charge / Security Deposit | |
| 3.10.1 | 15.9x21.0x49.2 | NPR 2,000.00 / NPR 5,000.00 |
| 3.10.2 | 18.9x26.3x49.2 | NPR 2,500.00 / NPR 1,0000.00 |
| 3.10.3 | 15.9x42.4x49.2 | NPR 3,500.00 / NPR 12,500.00 |
| 3.10.4 | 18.9x53.0x49.2 | NPR 4,500.00 / NPR 15,000.00 |
| 3.10.5 | 32.1x21.4x49.2 | NPR 5,500.00 / NPR 2,0000.00 |
| 3.10.6 | 32.1x42.4x49.2 | NPR 6,500.00 / NPR 25,000.00 |
| 3.10.7 | 40.4x53.0x49.2 | NPR 7,500.00 / NPR 30,000.00 |
| 3.10.8 | Surrender of Safe Deposit Locker Fee | NPR 2,000.00 |
| 3.10.9 | Loss of key by the customer / Breaking of Lockers | NPR 2,000.00 plus Lock replacement charge as per actual |
| 3.11 | ATM | |
| 3.11.1 | Card Issuance Fee | NIL (One year validity) |
| 3.11.2 | Card Renewal Fee | NPR 250.00 (Applicable from next year Only) |
| 3.11.3 | Undelivered Cards Destroyed | NPR 500.00 |
| 3.11.4 | Lost / Damaged Card Replacement Fee | NPR 250.00 |
| 3.11.5 | Supplementary Card | NPR 250.00 |
| 3.11.6 | Replacement of PIN Number | NPR 100.00 |
| 3.11.7 | ATM Card Block Fee | NPR 100.00 |
| 3.11.8 | ATM Card Unblock Fee | Nil |
| 3.11.9 | ATM Cash Withdrawal Fee | Nil for ATM owned and managed by BOAN, NPR 25.00 for withdrawal from ATM owned and managed by other Banks. |
| 3.11.10 | ATM PIN Change Fee | NPR 3.00 |
| 3.11.11 | Balance Enquiry | NPR 3.00 |
| 3.11.12 | ATM usage in Pujab National Bank, India | |
| 3.11.12.1 | Cash Withdrawal | NPR 200.00 |
| 3.11.13.2 | Balance Enquiry | NPR 24.00 |
| 3.11.13 | Name Emboss Fee | NPR 100.00 |
| 3.11.14 | Card surrender or account closed within one year of card issuance | NPR 250.00 |
| 3.12 | SMS Banking | |
| 3.12.1 | Registration of SMS Banking (Itouch Mobile) | Nil (One year validity) |
| 3.12.2 | SMS Baking Renewal Fee | NPR 100.00 |
| 3.12.3 | Pin/Password Regeneration | NPR 25.00 |
| 3.13 | INTERNET Banking | |
| 3.13.1 | Registration of Internet Baking (Itouch Web) | Nil (One year validity) |
| 3.13.2 | Internet Banking Renewal Fee: | NPR 100.00 |
| 3.13.2.1 | Individual Customer | NPR 25.00 |
| 3.13.2.2 | Institutional Customer | NPR 500.00 |
| 3.13.3 | Pin/Password regeneration | NPR 25.00 |
| 4 | SWIFT and Courier Charges | |
| 4.1 | SWIFT Charges | |
| 4.1.1 | Simple Payment / Other Message Domestic | NPR 500.00 |
| 4.1.2 | Simple Payment / Other Message Elsewhere | NPR 750.00 |
| 4.1.3 | Letter of Credit / Guarantee – Issuance | NPR 1,500.00 |
| 4.1.4 | Letter of Credit / Guarantee – Amendment | NPR 750.00 |
| 4.1.5 | Other communication | Short messages (up to 50 words) NPR 750.00 Long messages (above 50 words) NPR 1,500.00 |
| 4.2 | Courier / Postage | |
| 4.2.1 | Courier for every packet up to 500 gms | |
| 4.2.1.1 | Nepal | NPR 100 (no mention of weight) |
| 4.2.1.2 | India | NPR 500 (no mention of weight) |
| 4.2.1.3 | For Other Countries except India & Nepal | NPR 1,500 (up to 500 g.) / NPR 3,500 (above 501 g. upto 1 kg.) |
| 4.2.2 | Postage | |
| 4.2.2.1 | Nepal | Rs.50.00 |
| 4.2.2.2 | India | Rs.100.00 |
| 4.2.2.3 | Other Countries | Rs.250.00 |
| 5 | Credit Administration | |
| 5.1 | Relationship management fees | |
| 5.1.1 | Loan Processing fee | 1% of the sanctioned limit or 10,000 whichever is higher or as approved in the CA. |
| 5.1.2 | Loan commitment fee | as approved in the CA |
| 5.1.5 | Loan (annual) review fees | 10,000 or as approved in the CA |
| 5.1.6 | CIC Charge | NPR 1,000 |
| 5.1.7 | Loan Documentation Fee | For loan upto NPR 5 million - NPR 5,000.00 and for loan above NPR 5 million - NPR 7,000.00 |
| 5.1.8 | Security (L&B) release fee | NPR 1,000 per release |
| 5.1.9 | Security (vehicle) release fee | NPR 500 per vehicle |
| 5.1.10 | Credit inquiries | NPR 100.00 or as per mutual agreement with the enquiring Bank |
| 5.1.11 | Assistance to borrowers for obtaining duplicate blue books where our staff is to be involved | NPR 500.00 per case |
| 5.1.12 | Penal Interest | |
| a | Interest Overdue | 18% on the overdue interest amount |
| b | Principal Overdue | Applicable rate plus 3% penalty |
| 5.1.13 | Commissions relating to forwarding customer application to purchase National Savings Bond (NSB) to be recovered from Nepal Rastra Bank | 0.1% of the face value of NSB |
| 5.1.14 | Commission on account of collecting interest on NSB on behalf of our customers to be recovered from Rastra Bank | 0.10% of interest claim amount |
Note : SWIFT charges / Postage or courier charges are to be recovered where applicable as per Section 4.1 and 4.2
