schedule of bank charges -...
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Askari Bank Limited -Ikhlas Islamic Banking Schedule of Bank Charges (Exclusive of FED / Sales Tax) effective Jail 01, 2019
Schedule of Bank Charges(Exclusive of FED / Sales Tax)
Effective
January 01,2019MOST IMPORTANT
LEVY OF FEDERAL EXCISE DUTY (FED) / SALES TAX
All Branches / Offices are advised to recover FED / Sales Tax on allBanking Services (excluding profit mentioned in the Schedule of BankCharges) at rates as applicable in the respective provinces.
!lJaskar bank~ ~~;ul LIMITED
Islamic Banking Services DivisionWallayat Complex Bahria Town Phase-VII
RawalpindiPABX# 051-51726511108
Askari Bank Limited -IkhLas Islamic Banking Schedule o(Ballk Charges (Exclusive o(FED / Sales Tax) effective Jail 01, 2019
Table of Contents
TRADE FINANCE Page #A. Imports
L Letters of Credit 32. Bills 33. Others 4
B. Exports1. Letters of Credit 42. Bills 43, Others 5
C. Domestic Banking1. Inland Letters of Credit 52. Bills 53. Guarantees 6
GENERAL BANKING (FOREIGN)A. Remittances 6B. Clearing Through NIFT 7C. Collection Through Correspondent 7D. Postal/Telegram etc. 7GENERAL BANKING (DOMESTIC)A. Remittances 7B. Bills 8C. Safe Deposit Lockers 9D. Utility Bills 9E. Alternate Delivery Channels
1. Visa Debit Card 92. UnionPay Chip Debit Card 103. Pay Pak Debit Card 104. ATM Services 115. Fund Transfer through ATM / I-NET Banking / IVR-Call 116. FBR Payments through ADC 11
F. Consumer Banking Services1. Askari Car Ijarah 122. Askari Home Musharakah 12
G. Branchless Banking 12H. Miscellaneous Charges 14I. Islamic Financing 16J. Settlement of 3rd party fund transfer through PRISM 17K. Postal/Telegram etc. (Domestic) 18
2
Askari Bank Limited -lkhlas Islamic Banking Schedule ofBank Charges (Exclusive of FED / Sales Taxi effective fan 01,2019
TRADE FINANCE
A. IMPORTS
1) LETTERS OF CREDITCash Letters of Credit
a. LCs upto Rs. 100M
b. Revalidation Commission
c. Transfer Commission
d.i) LCs under suppliers / buyers credit
pay as you earn scheme anddeferred payment LCs forperiod over one year uptoUS$ 10M or equivalent
ii) LCs under suppliers / buyers creditpay as you earn scheme anddeferred payment LCs for periodover one year and for amounts inexcess of US$ 10M or equivalent
iii) Non-ReimbursableBarter/ A idlLoans
First quarter or Partthereof
As per applicable slabAnnexure A
Each Subsequent MinimumQuarter or part thereof
As per applicable slab Rs. 2,000/-Annexure A
Revalidation commission after expiry of LC, when the same isrevalidated, revalidation commission is to be charged same as incase of opening a fresh LC.
When LC is transferred to new beneficiary, transfer commissionwill be charged as applicable in case of opening fresh LC as above.
Commission to be recovered as per applicable slab given inAnnexure A, from the date of opening of LC till the expiry of LC.Thereafter commission is to be recovered on 6 monthly basis onreducing liability till payment of the last and final installment.
Commission is to be recovered as per applicable slab given inAnnexure A, from the date of opening of LC till the expiry of LC.Thereafter commission is to be recovered on 6 monthly basis onreducing liability till payment of the last and final installment.
LCs under Commission is to be recovered as per applicable slab given inAnnexure A. Minimum Rs. 375/-
Rs. 2,000/- per amendment (flat) or Commission under items a or dabove if amendment involves increase in amount or extension inperiod of shipment.
i) 55% of applicable slab given in Annexure A - Minimum Rs.1,500/- (OR subject to negotiation and approval from thecompetent authority)
ii) Collection commission at the time of payment of bill Rs. 500/-(Flat)
a. If bills are to be drawn under usance LC Rs. 750/- per bill (flat) to be charged at the time of retirement ofbills. Extra commission as per applicable slab given in Annexure Bis to be recovered/ charged on monthly basis for the usance importbills for any period beyond validity of LC. However, nocommission to be charged if the maturity/payment period of thebill falls within the period for which commission has already beenrecovered.
i) Rs.800/- per discrepancy per document if charges are onApplicant's account.US$ 75/- per document if charges are on beneficiary's-3 _~~~
e. Amendments
f. Import under Registration ofContract
2) BILLS
b. Discrepant Documents receivedunder Import LC
ii)
Askari Bank Limited -Ikhlas Islamic Banking Schedule of Bank Charges (Exclusive of FED / Sales Taxi effective fan 01,2019
c.i) Collection
ii) Items returned unpaid
iii) Handling charges on Rupeesdenominated import bill
d. Service charges against importtransactions i.e. Import Bills /Collection
e. Remittance on account of Importwithout opening of LC or contractregistered as specified in the ImportPolicy
f. Issuance of NOC to other banks forbooking Foreign Exchange or effectingremittance under our LC or registeredcontract etc
3) OTHERSa. WeBOe ElFb. Transfer of ElFc. FOe w-soc ElFB, EXPORTS1) Letter of Credita. Advising
b. Amendment Advising
c. Confirmationd. Transfer of Export LCse. Reimbursement payment to other local
banks from Non-Resident RupeeAccount
f. Verification of"EE" Statement2) BILLS
a. If the documents are sent to other banksfor negotiation under restricted LCs
b. Service charges against exportdocuments sent on collection basiswhere payment cover is already receivedin bank's Nostro Accounts / AdvancePayment
c. Collectioni) Cleanii) Document (on which bank does not
earn any exchange income)
account & to be recovered from negotiating bank.
Rs. 1,000/- (Flat)
Rs. 1,000/- from the Importer or US$ 75/- (or equivalent) recoverable from theforwarding bank.
Rs.I ,000/- (Flat)
0.15% flat - Minimum Rs.I ,500/-(OR subject to negotiation & approval from the competent authority)
Rs. 1,000/- (Flat) plus SWIFT/Telex charges if required.
Rs. 2,000/- per NOe
Rs: 15/- per transactionRs: 500/- per transactionRs: 500/- per transaction
Rs. 1,000/- for customers,Rs.3,000/- for non-customers
Rs. 1,000/- for customers,
Rs.2,000/- for non-customersSubject to Arrangement / as decided by International DivisionRs.2,000/-Rs. 1,000/-
Rs.2,000 per form
Rs.I,OOO/-
0.13%, Minimum Rs.I,OOO/- (OR subject to negotiation and approvalfrom the competent authority)
Rs. 200/- (Excluding postage)
Rs. 500/- (Excluding postage)
Askari Bank Limited -Ikhlas Is/a,!,ic Banking Schedlile of Bank Charges (Exclllsive of FED / Sales Tax) effective Jan OJ, 2019
3) OTHERSa. Handling of Duty Draw Back @ 0.45% per claim ... Min. Rs. 1,000/-
Claimsb. Freight Subsidy Claim @ 0.45% per claim ... Min. Rs. 1,000/-
c. Processing charges for "6% @ 0.45% per claim .... Min. Rs.I ,500/-
Research & DevelopmentSupport" cases
d. Issuance of EPRC (Export Rs. 500/- per certificate
Proceeds RealizationCertificate)
e. Handling Charges for Export Rs. 1,000/- per application
Refinance Applicationsf. Handling of Substitution Cases Rs. 1,000/- per case
of Export Refinanceg. Processing Charges on Export Rs. 100/- per export Bill
Development Surchargeh. WeBOC EFE Fee NilI. Transfer of EFE Rs:500/- per transaction
j. Expired EFEs Nil
C. DOMESTIC BANKING1. Inland Letters of Credit
a. Issuance i) Commission is to be recovered as per applicable slab given inAnnexure A ... Min. Rs. 2,000/-
ii) For annual volume of Rs. SOM/Public Sector Organization /Government/Semi-Government Sponsored Bodies, commissionsubject to negotiation and approval from the competent authority
b. Amendments Rs. 2,000/- per amendment (Flat) or commission under item l.a.above if amendment involves increase in amount or extension inperiod of shipment.
c. Discrepancy Charges ondocuments (whereverapplicable)
Rs. 2,000/- (Flat)
d. If bills are drawn at Usanceunder inland LC
Rs. 1,000/- per bill (Flat) to be charged at the time of retirement ofbills. Extra commission as per applicable slab given in Annexure Bper month is to be recovered / charged for the usance bills for anyperiod beyond validity of LC till date of maturity / payment.However, no commission to be charged if the maturity / paymentperiod of the bill falls within the period for which commission hasalready been recovered.
e. Advising, Amendment andConfirmation charges of(inward) inland Letters ofCredit
As applicable in case of Export Letters of Credit.
2. BILLS
Documentary Bills other than thosedrawn against Letters of Credit &Clean Bills / Trade Cheques
Negotiation of Bills on assignment basis at par... Minimum Rs.750/-
Askari Bank Limi~ed-Ikhlas Islamic Banking Schedule of Bank Charges (Exclusive of FED / Sales Tax) effective fan 01. 2019
Notes:i)ii)iii)iv)
Collecting agent's charges, if the collecting agent is other than the bank, will be extra.Charges of Rs. 135/- for documentary collection in case the instrument is returned unpaid.Telegram/trunk call charges will be extra if fate of instrument is obtained by telegram / telephone.Storage charges Rs. 135/- (flat) per packet per day. No charge if cleared within 3 days of its receipt by thebranch.
v) Other charges as per notes (i) to (iv) above will be extra.3. GUARANTEESa. Guarantees issued to shipping
companies in lieu of bills of Rs.2,000/- (flat) (against 110% cash margin in savings account, orlading / delivery orders against against available limits)AWB where original documentshave not been received
b. Other Guarantees First quarter or part Each subsequent Minimumthereof Quarter or part thereof
Guarantees upto Rs. 100 M As per applicable slab As per applicable slab Rs. 1,000/-Annexure C Annexure C (per transaction)
c. Public sector corporation / As per applicable slab As per applicable slab -government / semi government Annexure C Annexure C
sponsored bodies
d. Amendment Charges Rs.I,OOO/- flat in addition to charges as above
e. Handling of claims under Rs.4,OOO/- flat to be charged to the applicant, except for interimguarantees claims received from Custom Authorities
Charges against guarantees on behalf of correspondent banks subject to approval from IND and charges onguarantees issued under syndicated arrangements, subject to negotiation and approval from the competentauthority.
Note: All guarantees issued by banks will contain specific amount, expiry date and date by which the claims are tobe lodged.
GENERAL BANKING (Foreign)
A. REMITTANCESa. Outward i) FDD US$ 30/- plus cost of SWIFT Charges @ US$ 5/- per message
or equivalent PKR 0.3% will also be applicable if the amount is notretained in the account for IS days
b.i) Inward
ii) FTT US$ 35/- plus SWIFT charges @ US$ 13/- per message orequivalent PKR 0.3% will also be applicable if the amount is notretained in the account for IS days
Nil if proceeds are credited to an account with us, Otherwise a flatcharge of US$ 5/- or equivalent
Nil charges (excluding cost of money order or telegram chargeswhen T.T. is requested)US$ 20/- plus SWIFT charges @ US$ 5/- or equivalent
ii) Home remittances
c. Cancellation of demand draftd. Issuance of duplicate demand drafts
(in lieu of lost) US$ 20/- plus SWIFT charges @ US$ 5/- or equivalent
e. Foreign exchange permitson behalf of account holders
Rs. 1,500/- per permit
f. Registration of students cases US$ 70/- per case & Renewal fee US$ 50/- or equivalent
Askari Bank Limited -Ikhlas Islamic Banking Schedule of Bank Charges (Exclusive of FED / Sales Taxi effective fan 01, 2019
g. Cash Deposit in FCY
B. CLEARING THROUGH NIFT
Local US$ Cheques:
i) Outward Clearing (Paid)
ii) Outward Clearing (Returns)
iii) Inward Clearing (Paid)
iv) Inward Clearing (Returns)
NIL
US$ 15/- per item + postage
US$ 20/- per item + postage
US$ 40 per item
US$ 15/- per item
C. COLLECTION THROUGH CORRESPONDENT
Collection of FCY Chequesthrough Correspondent Bank
US$ 20/- per cheque plus Correspondent Bank's charges atactual.
a. Correspondent chargesb. Postage
D. Postal/Telegram / Telephone / SWIFT / Telex / Fax & Courier Charges\Actual
c. Courier Service
d. SWIFT/Telex/Cable chargesi) Full text LlC etc.
ii) Short messages (e.g. LlC,Amendment etc.)
iii) Other short messages
e. Telephone & Fax charges
f. Foreign Bills sent for collectionreturned unpaid
Rs. 500/-
Rs. 2,500/- flat
Rs. 2,000/- flat
Rs. 1,000/- flat
Rs. 1,000/- flat
Rs. 1,000/- flat
Rs. 1,000/- flat
GENERAL BANKING (Domestic)
A. REMITTANCES
1. Drafts and TTs
a. Issuance of Demand Drafts drawnon other banks under specialarrangements
b. Cancellation of Demand Draft
i) 0.12% or Minimum Rs. 200/- for account holders
Rs. 500/- (flat)
c. Issuance of duplicate demand drafts Rs. 1,000/- (flat)(in lieu of lost)
d. Postage charges
(Through Correspondent Bank)
No postage charges on DDs
As above or as levied by our Correspondent Bank, whichever is higher
Askari Bal1k Limited -Ikhlas Islamic Bal1kil1g Schedule o(Bank Charges (Exclusive o(FED / Sales Tax) effective Jail 01,2019
2. Pay Ordera. Cancellation of Pay Order i) Rs. 200/- (flat) for account holders
ii) Rs. 500/- (flat) for non-account holders3. Banker's Cheque
a. Issuance of Banker's Cheque i) Rs.150(flat) for account holders
b. Cancellation of Banker's Cheque i) Rs. 200/- (Flat) for account holdersii) Rs. 500/- (Flat) for non-account holders
c. Duplicate Issuance Banker's Cheque i) Rs. 5001- (Flat) for account holdersii) Rs. 800/- (Flat) for non-account holders
d. Issuance of Banker's Cheque through I- Rs. 1,0001- (Flat) per instrument
Net Banking
Note:i) Charges on issuance of DO 1 BC, any other related instruments for payment offeeldues in favor of
Educational Institution, HEClBoard charges not exceeding 0.5% of the feeldues or Rs. 251- perinstrument whichever is less (Ref. HO Circular No. 1879 dated 13 August 2009)
ii) Charges may be reduced or waived by the competent authority depending upon business consideration etc
4. Inter Branch Online Withdrawal 1 Deposit
a. Withdrawal upto Rs. 1M Rs.IOO/- (flat)
0.050% (flat)b. Withdrawal over Rs. 1M
c. Deposit NIL for current account holder and other Rs. 100/- (flat)
5. Inter Branch Online Transfers
a. Inter-branch Online Transfers Nilb. Collection Account (companies
only) opened with the approval As approved by HO on case to case basis.of Head Office.
Note:i)ii)iii)
No charge on above online transactions within one city (RawalpindilIslamabad is treated as one city)No charges on above online transactions for Current account holdersCharges may be reduced or waived by competent authority depending upon business consideration etc
6. Home Remittance
a. Issuance of proceeds RealizationCertificate, if transaction Is older thanone year
Rs. 5001- per certificate Plus FED
b. Duplicate proceeds RealizationCertificate
Rs. 1,0001- per certificate Plus FED
B. BILLS
1. Collections
Clean (including cheques) i) Upto Rs. 1,000,000/-
ii) Over Rs. 1,000,0001-
8
0.15% .. Min Rs. 200/-
0.080% Flat
Rs. 200/- per item
Askari Bank Limited -Ikllias Islamic Banking Schedule of Balik Charges (Exclusive of FED / Sales Tax) effective Jail 01,2019
2. Intercity Collection of ChequesThrough NIFT
Notes:i)ii)iii)
Collecting agent's charges, if the collecting agent is other than the bank, will be extra.Charges of Rs. 65/- for clean collection in case the instrument is returned unpaid.Nil charges on Pak Rupee Cheques for Clearing through NIFT within a city (Rawalpindi / Islamabad is treated asone city)
C. SAFE DEPOSIT LOCKERS
Fee for safe deposit lockers (to be recovered in advance or at the commencement of the period yearly / half yearly /quarterly as the case may be)
a.i) Smallii) Mediumiii) Largeiv) Extra Large XL (l6"x 16")v) Extra Extra Large XXL (l6"x3 I")
b. Key Deposit
c. Breaking Charges
Rs. 3,0001- p.a.Rs. 4,0001- p.a.Rs. 5,0001- p.a.Rs. 10,0001- p.a.Rs. 12,0001- p.a.
Rs. 5,0001- per locker
At actual plus Rs. 3,0001- as service charges
d. Late payment charges * Rs. 150/- per month or part thereof, maximum one year annual rent.* Charges thus recovered will be taken into Charity Account.
D. UTILITY BILLS (PTCL, WAPDA, SNGPL)(for details please refer I.C No. 1115 & 1527, IBSD/OPS/I/2007 & IBSD/OPS/3/2007 & C.L No. IBSD/OPSI 14/2011)
a. Service Charges
b. Cheque collection 1 return charges
E. ALTERNATE DELIVERY CHANNELS
1. Visa Debit Card (Basic & Supplementary)
a. Issuance Feei. Classic
ii. Gold
b. Annual/Renewal FeeI. Classic
ii. Gold
c. Replacementi. Classic
ii. Gold
d. ROClVoucher Retrieval Chargesi. LocalII. International
e. Chargeback Processing Fee
Rs. 8/- per bill (payable by other utility companies)Rs. 9/- per bill (payable by PTCL company)
Nil
Rs. 1,000/-Rs. 1,200/-
Rs. 1,000/-Rs. 1,200/-
Rs. 1,0001-Rs. 1,200/-
Rs.250/-Rs.5001-
Local TransactionsMinimum PKR 250/- or Actual
International TransactionsMinimum PKR 475/- or Actual
Askari Bank Limited -lkhlas Islamic Banking Schedule o(Bank Charges (Exclusive o(FED I Sales Tax) effective Jan 01, 2019
f. International POS TransactionCharges
2% of transaction amount
2. Union Pay Chip Debit Card (Basic &Supplementary)
a. Issuance Feei. Classic Rs.l,OOO/-
II. Gold Rs.l,200/-
b. Annual/Renewal Feei. Classic
Rs.l,OOO/-
ii. GoldRs.l,200/-
c. Replacementi. Classic Rs.l,OOO/-
ii. Gold Rs.l,200/-
d. ROC/Voucher Retrieval Charges
I. Local Rs.250/-
II. International Rs.500/-
e. Chargeback Processing Fee
I. Local Minimum Rs.250/-or Actual
ii. International Minimum Rs.475/-or Actual
f. International POS TransactionCharges
2% of transaction amount
3. Pay Pak Debit Card(8asic &Supplementary)
a) i) Silver Rs. 500/-ii )Gold Rs.500/-
b) Annual Service Feei) Silver Rs. 500/-ii) Gold Rs.500/-
c) Replacementi )Silver Rs. 500/-ii)Gold Rs.500/-
d) ROC/Voucher Reterival Chargesi)Local Rs.250/-
e) Chargeback processing Fee Local TransactionMinimum PKR 250/- or actual
---------
I-NetlMobileBanking/IVR
Free
FreeRs. 15/- per transaction
Rs. 18.75/- per transaction
Askari Bank Limited -Ikhlas Islamic Banking Schedllie of Bank Charges (Exclllsive of FED / Sales Tax) effective Jan 01, 2019
b. Balance Enquiry Fee
I.
II.
From Askari Bank's ATMFrom l-Link Member BankATMFrom M-Net Member BankATMInternational
4. ATM Services
a. Cash Withdrawal Fee
I. From Askari Bank's ATMII. From Independent Service
Providersiii. From l-Link Member Bank's
ATMIV. From M-Net ATMv. International ATM
iii.
iv.
5. Fund Transfer through ATMI I-NetBanking / IVR-Call Center
a. Inter Branch Fund Transfer
b. Inter Bank Fund Transfer
Rs. 18.75/- per transactionRs. 300/- per transaction or 2.5% of transaction amount (whichever is higher)
FreeRs. 2.5/-
Rs. 5/-
Rs. 150/-
ATM
Rs.50/-
i)For current accountholderATM
1 to 10,000 Rs. 20/-10,001 to 250,000 Rs. 60/-250,001 to 1,000,000Rs.90/-1,000,001 & aboveRs.115/-
ii)For Profit BearingAccounts
ATM1 to 10,000 Rs. 125/-10,001 to 250,000Rs. 150/-250,001 to 1,000,000Rs.175/-1,000,001 and aboveRs.200/-
I-NetlMobileBanking/IVR
1 to 10,000 Rs. IS/-10,001 to 250,000 Rs. 45/-250,001 to 1,000,000Rs.75/-1,000,001 & aboveRs.IOO/-
I-NetlMobileBanking/IVR
1 to 10,000 Rs. 100/-10,001 to 250,000Rs.125/-250,001 to 1,000,000Rs.150/-1,000,001 and aboveRs.175/-
11
Rs 10 Per Transfer up to Rs.I 0,0006. FBR payments through ADC
Askari Bank Limited -Ikhlas Islamic Banking Schedille of Bank Charges (Exclilsive of FED I Sales Tax) effective Jan 01, 2019
Rs 20 Per Transfer from 10,0001 to 1,000,000Rs.50 Per Transfer from 1,000,001&Above
Notes:i) No charges on issuance of VISA Debit Card for Current accountholdersii)Charges (excluding 4-a & 4-b above) may be reduced or waived onSavings (PLS) accounts by competent authority depending upon businessconsideration etc.
F. CONSUMER BANKING SERVICES
1. Askari Car Ijarah
a. Processing charges
b. Legal 1 documentation 1income estimation /charges
valuation 1repossession
Less than Rs. 1.0 M ... Rs.5,000/-Equal to or above Rs. 1.0 M ... Rs.6,500/-
At actual
5% of the outstanding principal amount
Upto Rs. 5.0 M Rs. 5,5001-Upto Rs. 10.0 M Rs. 8,5001-Above Rs. 10.0 M Discretion of IBSD
At actual
3% of the outstanding principal amount
At actual
G. BRANCHLESS BANKING
c. Premature Termination Charges
2. Askari Home Musharakah
a. Processing Charges
b. Documentation Charges
c. Early Termination Charges
d. Income 1 property valuation 1verification 1 legal charges
B Account Holder in his/her account Free'mum Rs.I 00/- to maximum Rs.50,000/-
mente Top Up - Minimum RS.30/- to maximum Free
/-
rvi-wauet to AKBL Free
FreeFreeRs. statement
Topup Othe Mobile network- Minimum RS.30/- to FreeRs.IO 000/-
Askari Bank Limited -Ikhlas Islamic Banking Schedule of Balik Charges (Exclusive of FED / Sales Taxi effective Jail 01. 2019
Askari Bank Limited -Ikhlas Islamic Banking Schedule o(Bank Charges (Exclusive o(FED / Sales Tax) effective Jon 01, 2019
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(Te.) .....Q":e.r..~~: 6,000/- to Rs. 8,000/ - __.J ..L~~:??!.:pe.!.!r ..a.!.!.~~~.!!O'!:l j
..............J ..0 gye.~ ~~:.?,QQQ!:.t.g~~:!..Q,QQ9!: ...~s.,..1..Q}!:Pe.L!~~I?~~~..ti..()_I1 .jgL.... .._Qyer Rs.I 0 000/- to Rs.13 000/- Rs. 1??I.~..P~!:~:_~~S...~s:~211 _..
.................L..~2 _.._~Y...e.~~L~1.9..QQ!.::t.2~S...:!~~9.QI.:.... s. 1??.I.:..p~r._~ran~~~!i..q!:l _ m..m.... __ ._ _~; ~.i)-........ ..- g-\l~..r.:..!3:s...,) ..~-'gQQ!=~9. ~..:>..,?.Q1Q"O0/- sc_?.l§!.-:...Pe.rtransacti().!:l m _..__..m.... !
. ..LD...__ .._ __Qy.~!_~~:?Q?Q..QQI.:t.9._~s.:?..?..!QQQ!: _ .. s. 2J.9/ - P~E~!:~..r!S..~s:.!.i..~'.!.._._ .. _ _ _j k) Over Rs.2S,000/- to Rs.30,000/- . 302/- er transactionm rT)--·..·-- O~e~..RsjO:oo6j=i;;RsAO:o ..6o;=............ 45/ per t-;:ansactio~ --- ..- m •• --- •••••••••••••••••• -- •• ----- •• i
..T~y---..--O~~~..Rs:40:6 ..66j=..i~Rs~50~OOO/- s 388-;-Qer transactio~ ..--- ..- ..------ ..------i,..~~:~_~~K;;.~I~~~;;.~~~~..A ..g~..;;t~~~:-~~:~~..::~..~..~~_C_"_·-_MS___" .-~~~_:.._·-===-~~~::~~-._.--_-..:=~~=~__.~~~-_---..I
....................................__ _- __.__ __ j.........j
. - j
................................ ji
Note: No charges on On-Line Cash Deposit for customers maintaining account with Branchless Banking.
H. MISCELLANEOUS CHARGESI. Stop payment of cheques2. Dupl icate statement of account
(No Charges for pensioner account)3. Duplicate party advice charges4. Confirmation of balance to Auditors/any other certificate
Rs. 500/- per instructionRs. 35/- (flat)
Rs. 50/- per adviceRs. 300/- (flat)
Askari Balik Limited -Ikhlas Islamic Banking Schedule of Bank Charges (Exclusive of FED I Sales Tax) effective Jan 01. 2019
(No Charges for pensioner account)S. Issuance of cheque book Rs. 10/- per leaf (FED applicable in provinces of Punjab,
Balochistan & KPK only)Rs. 400/- plus Rs.1 0/- per leaf (FED is applicable in provinces ofPunjab, Balochistan & KPK only)
6. Re-issuance of cheque book against Form B
7. Cheques returned unpaid in clearing i) Inward: Rs. 700/- per cheque from issuer
ii) Outward: Rs. 100/- per cheque or available balance belowRS.IOO/- (FED is applicable in provinces of Punjab, Sindh,Baluchistan & KPK only)
8. Account Closing Charges(No Charges for pensioner account)
LCY: Rs.200/- or whatever minimum balance available in Alc. Noservice charges if closed by the Bank. Free for regular SavingAccounts. FCY: US $ 10/- or equivalent to other currencies.No service charges if closed by the Bank
9. Issuance of SBP cheque on behalfof customer other than banks andfinancial institutions
10. Charges to be recovered fromEmployer Account in case oftransfer of salary to the EmployeeAccount
I I. Collection of School fee/any otherperiodical subscription amount etc.
Rs. SOO/- (flat)
Rs. SO/- flat per credit (Except defense & Govt. Employees) or asapproved by the competent authority
Nil
12. Photocopy of Bank Record provided toCustomer
13. Obtaining eClB report14. Obtaining Credit Report from Foreign
Bank / AgencyIS. Same day clearance of instrument
i) Rs. I 10/- (flat) for record upto one yearii) Rs.SSO/- (flat) for record over one yearA tactual (Rs. S0/-) per report
At actualRs.400/-
17. Issuance of duplicate CDR Rs.400/-
18. Test Verification from other Banks Rs.375/-
19. Standing Instructions Rs. 2IS/- per execution will be recovered in addition to the usualchargesNo minimum balance limit.(No Service charges on PLS Saving Accounts in any mannerwhatsoever)
20. Savings Bank Account - Minimum balance requirements(a) Regular Account
21. Askari Islamic Basic Bank Account No minimum balance limit.(No Service charges)
22. Service Charges on Dormant Accounts NIL(All types of accounts including Local and FCY)
23. Account maintenance charges on all ForeignCurrency Accounts (New FCA + Frozen), where balanceof CD & SB accounts during the month falls below theslabs as mentioned hereunder:-
a) New FCY Accountsi) US$ 1/- per month
ii) GBP 1/- per monthiii) EUR 1/- per month
i)ii)iii)
US$ 100/-GBP 100/-EUR 100/-
15
Askari Bank Limited -Ikhlas Islamic Banking Schedule of Bank Charges (Exclusive of FED I Sales Taxi effective fan 01, 2019
b) Frozen Fey Accounts i) US$ 2/- per monthii) GBP 2/- per month
iii) EUR 2/- per month
Note: Above charges are not applicable on active salaryaccounts.
i) US$ 50/-ii) GBP 50/-
24. Cash management transaction bankingcollection/disbursement/electronic banking
All charges for transaction banking products (collection,disbursement and electronic banking) will be decided on a caseto case basis customer and the Bank.
Note:i) 0 charges against Sr. # 5 & 7 (ii) above for Current account holders.ii) Charges against Sr. # 5 & 7 (ii) above may be reduced or waived by thecompetent authority depending upon business consideration etc.
NIL CHARGES:
(Other than Import, Export, Local LC & Guarantee Business)
These are our standard charges and relaxations 1concessions, if any may be referred to the competent authority forapproval on a case-to-case basis, based on present business volume 1 relationship &Ior future business prospects 1considerations, except out of pocket expenses and correspondent bank charges.
On all banking transactions, commission 1charges including cheque books within reasonable amount as defined inHO circular Letter No. 3142 dated 30.06.2016. In case of availing Locker facility 50% of the rent amount with no keydeposit.
I. ISLAMIC FINANCING
Following charges will be recovered in addition to profit on investmenta. Miscellaneous charges (i.e. charges for
documents, evaluation of security & Actualmaintenance thereof etc.)
b. Service charges on processing of credit proposal(upfront) *i) Upto Rs. 25M 0.10% min Rs.S,OOO/-
ii) Over Rs. 25M 0.050% (OR as approved by the competent authority)
* Other than credit proposals of Trade Based modes, i.e. Murabaha, Musawamah & Salam (Ref. AAOIFI ShariahStandard)
c. OTT Charges against Funded/Non-Fundedfacilities *
i) Upto Rs.5Mii) Over RS.5M to Rs. 10Miii) Over Rs.I0M to Rs.25Miv) Over Rs.25M to Rs.50Mv) Over Rs.50M
Rs. 2,0001- each caseRs. 3,0001- each caseRs. 4,0001- each caseRs. 5,0001- each caseRs. 10,0001- each case
Askari Bank Limitetl-Ikhlas Islamic Banking Schedule o(Bank Charges (Exclusive o(FED / Sales Tax) effective ]an 01, 2019
* Other than credit proposals of Trade Based modes, i.e. Murabaha, Musawamah & Salam (Ref. AAOIFI ShariahStandard)
d. Change of Security Documents Rs. 5,0001- (flat) per request
Rs. 2,0001- (flat) per requeste. Release of Security Documents
f. Project examination fee 0.75% of the proposed exposure subject to 50% payableupfront (wherever applicable)(OR subject to negotiation and approval from thecompetent authority)
Upto Rs. 10,0001- or as per approvalNote: Charges may be reduced from Rs. 10,0001-To Rs. 5,0001- by competent authority
g. Issuance ofNOC for Credit Facilities from otherbanks
h. Advances against pledge 1 hypothecation
i) Godown rent Actual
ii) Godown Staff Salaries (Godown Keepers /Chowkidars)
iii) Godown Inspection Charges
Actual
Actual conveyance plus other charges
• Within Municipal Limits or within aradius of 8 KM from the branch
i) Upto Rs. 10 M oo.Rs. 1,5001-ii) Above Rs. 10 Moo. Rs. 2,5001-
• Outside the above limits TA & DA as per rules plus above charges
iv) Delivery charges if a Godown Keeper is notposted. Conveyance charges will be recovered
Actual
v) Other incidental expenses Insurance(Takaful) premium, Legal charges etc.
vi) Issuance of Delivery Order against pledge
Actual
Rs. 5501- per delivery order
Note:i) While recovering the Miscellaneous charges like Godown staff salary, inspection charges etc; the amount
recovered from the customers wi 11not exceed the total rent of the godown, salary of the godown staff etc.In other words, Miscellaneous charges will be levied as per actual.
ii) Security Documentation related charges (where applicable) primarily remain recoverable separately.iii) In case of corporate customers and syndicated facilities, charges may vary as per terms of approval.iv) These are our standard charges and relaxations / concessions, if any may be referred to the competent
authority for approval on a case-to-case basis, based on present business volume / relationship &/or futurebusiness prospects / considerations, except out of pocket expenses.
v)J, Settlement of3rd party fund transfer through PRISM
Askar; Bank Limited -Ikhlas Islamic Banking Schedule of Bank Charges (Exclusive of FED I Sales Tax) effective Jon 01, 2019
..........................·······l(SBPT~~~i~~iio~s&Cle~~i~g·TN;Ar·N;AN;A "'J
l'r·-··~······'··-·:·····:·····:·····~········~····t·.~ : ~ : : ; ~.: ~ :.·v···_··~···)···.·~····.·.·.·~···.··.··~·····.·~···.~····~·····~··'~~=:~:liC~::~1....L}:QQp:!!l·.tg~:QQp:!!l. .................L!\~:?QQ!:j.Rs. 501- Rs. 5501- __ ... __._...;
Settlement Timings for Customer Transfers (MTl02) I !(Lower value limit for each credit transfer is Rs.I 00,0001-, max. 10 ipayment instructions are allowed to be sent through one MT I02).Charges for each Payment Instruction within a single MTI 02 are as .follows !, ....-.-....-.--------.--------.- ..-.-...r---- ..-.--------_·_··_-_·_··_··_·_····_-_··_·__·-t····__·_···_-_·_··_---j----·--··-r---·--·--····-···-··--·--··-----·-iMonday to Friday ! 9:00 a.m. to 4:30 p.m. i RS.25/- per j RS.25/- per Rs.501- per payment
! payment I payment Instruction
.................................. . . ....L[~~tr.yc.ti?~JJ~~~t~~~!(?!1L_.__ ..!
Note: Islamic Banking Branches to obtain prior approval ofIslamic Treasury Desk after 1:00 p.m. for abovetransactions
K. Postal/Telegram / Telephone / SWIFT / Telex / Fax & Courier Charges (Domestic)
I . Correspondent Charges Actual
2. Courier Service Rs. [501- flat
3. SWIFTlTelexiCable charges
a. Long message (e.g. full text LlC etc.)
b. Short message (e.g. LlC amendment)
c. SWIFT/Telex/Telegram chargesor message for T.T.
Rs. 4251- flat
Rs. 225/- flat
Rs. [101- flat
4. Telephone & Fax charges Actual plus Rs. 135/- service charges
5. Postages Rs. 1501- flat
.- ------------------------.-
18
Askari Bank Limited -Ikhlas Islamic Banking Services Schedule of Bank Charges (Exclusive of FED / Sales Tax) effective Jan 01, 2019
Letter of Credit
Annexure A(Amt. in PKR)
UC AMOUNT RANGE
FROM TO
500,000
1st Quarter or Part
84,600
Subsequent Quarters or part
thereof thereof
1,700 850500,001 750,000 2,200 1,100750,001 1,000,000 2,900 1,450
1,000,001 1,500,000 4,100 2,0501,500,001 2,000,000 6,100 3,0502,000,001 2,500,000 7,900 3,9502,500,001 3,000,000 9,700 4,8503,000,001 3,500,000 11,500 5,7503,500,001 4,000,000 13,300 6,6504,000,001 4,500,000 15,100 7,5504,500,001 5,000,000 16,800 8,4005,000,001 5,500,000 18,700 9,3505,500,001 6,000,000 20,400 10,2006,000,001 6,500,000 22,200 11,1006,500,001 7,000,000 24,000 12,0007,000,001 7,500,000 25,800 12,9007,500,001 8,000,000 27,600 13,8008,000,001 8,500,000 29,300 14,6508,500,001 9,000,000 31,200 15,6009,000,001 9,500,000 32,900 16,4509,500,001 10,000,000 34,700 17,35010,000,001 12,500,000 40,100 20,05012,500,001 15,000,000 49,000 24,50015,000,001 17,500,000 57,900 28,95017,500,001 20,000,000 69,200 34,60020,000,001 22,500,000 75,800 37,90022,500,001 25,000,000 84,700 42,35025,000,001 27,500,000 87,700 43,85027,500,001 30,000,000 92,700 46,35030,000,001 32,500,000 100,200 50,10032,500,001 35,000,000 107,600 53,80035,000,001 37,500,000 115,100 57,55037,500,001 40,000,000 122,500 61,25040,000,001 42,500,000 130,000 65,00042,500,001 45,000,000 137,300 68,65045,000,001 47,500,000 144,800 72,40047,500,001 50,000,000 151,400 75,70050,000,00152,500,00155,000,001
52,500,00055,000,00057,500,000
157,300 78,650163,300 81,650169,200
Cont'd .. ,P/2
Askari Bank Limited -Ikhlas Islamic Banking Services Schedule of Bank Charges (Exclusive of FED / Sales Tax) effective Jon 01,2019
Annexure A
(Amt. in PKR)UC AMOUNT RANGE
FROM TO
57,500,001 60,000,000
1st Quarter or Part
135,200
Subsequent Quarters or part
thereof thereof
174,700 87,35060,000,001 62,500,000 180,700 90,35062,500,001 65,000,000 187,100 93,55065,000,001 67,500,000 193,100 96,55067,500,001 70,000,000 199,000 99,50070,000,001 72,500,000 205,000 102,50072,500,001 75,000,000 210,900 105,45075,000,001 77,500,000 216,900 108,45077,500,001 80,000,000 222,800 111,40080,000,001 82,500,000 228,800 114,40082,500,001 85,000,000 234,700 117,35085,000,001 87,500,000 240,700 120,35087,500,001 90,000,000 246,600 123,30090,000,001 92,500,000 252,600 126,30092,500,00195,000,00197,500,001
95,000,00097,500,000100,000,000
258,500 129,250264,500 132,250270,400
Charges may be reduced by competent authority depending upon business reciprocity for thewhole year, subject to written undertaking by the customer,
2 Charges relating to corporate customer may differ as per the arrangement between the customerand the Bank,
3 Rebates for customers other than corporate, may be allowed subject to prior approval of IBSD,based on annual business volumes as follows:
Transactions of Rs. 20-30 million 20%of the chargesTransactions of Rs. 30-50 million 30%of the chargesTransactions of Rs. 50-75 million 40%of the chargesTransactions of Rs. 75-100 million 50%of the chargesTransactions of Rs. 100 M & above - As per arrangement with customer
Askari Bank Limited - Ikhlas Islamic Banking Services Schedule o(Bank Charges (Exclusive o(FED / Sales Tax) effective Jan 0 I, 2019
Acceptance of Bills under Usance Letter of Credit
Annexure - B(Amt. in PKR)
Acceptance Amount Range
FROM TO500,000
Per Month Charges
or part thereof700
500,001 750,000 900750,001 1,000,000 1,200
1,000,001 1,500,000 1,6001,500,001 2,000,000 2,2002,000,001 2,500,000 2,8002,500,001 3,000,000 3,4003,000,001 3,500,000 4,0003,500,001 4,000,000 4,6004,000,001 4,500,000 5,2004,500,001 5,000,000 6,4005,000,001 5,500,000 7,0005,500,001 6,000,000 7,6006,000,001 6,500,000 8,2006,500,001 7,000,000 8,8007,000,001 7,500,000 9,4007,500,001 8,000,000 10,0008,000,001 8,500,000 10,6008,500,001 9,000,000 11,2009,000,001 9,500,000 11,7009,500,001 10,000,000 13,50010,000,001 12,500,000 16,50012,500,001 15,000,000 19,50015,000,001 17,500,000 22,50017,500,001 20,000,000 25,40020,000,001 22,500,000 28,40022,500,001 25,000,000 31,40025,000,001 27,500,000 34,40027,500,001 30,000,000 37,30030,000,001 32,500,000 40,30032,500,001 35,000,000 43,30035,000,001 37,500,000 46,30037,500,001 40,000,000 49,20040,000,001 42,500,000 52,20042,500,001 45,000,000 55,20045,000,001 47,500,000 58,20047,500,001 50,000,000 61,20050,000,001 52,500,000 64,10052,500,001 55,000,000 67,10055,000,001 57,500,000 70,10057,500,00160,000,00162,500,001
60,000,00062,500,00065,000,000
73,10076,00079,000
Cont'd ... P/2
Askari Bank Limited -Ikhlas Islamic Banking Services Schedule of Bank Charges (Exclusive ofPED / Sales Taxi effective Jan 01. 2019
Annexure - B
Acceptance Amount Range
FROM TO
(Amt. in PKR)
67,500,001 70,000,00082,00065,000,001 67,500,000
Per Month Charges
or part thereof
70,000,00185,000
72,500,000 87,90072,500,001 75,000,000 90,90075,000,001 77,500,000 93,90077,500,001 80,000,000 96,90080,000,001 82,500,000 99,80082,500,001 85,000,000 102,80085,000,001 87,500,000 105,80087,500,001 90,000,000 108,80090,000,001 92,500,000 111,70092,500,001 95,000,000 114,70095,000,001 97,500,000 117,70097,500,001 100,000,000 120,700
Charges may be reduced by competent authority depending upon business reciprocityfor the whole year, subject to written undertaking by the customer.
2 Charges relating to corporate customer may differ as per arrangement between thecustomer and the bank.
3 Rebates for customers other than corporate, may be allowed subject to prior approval ofIBSD, based on annual business volumes as follows:
Transactions of Rs. 20 - 30 M 20% of the chargesTransactions of Rs. 30 - 50 M 30% of the chargesTransactions of Rs. 50 - 75 M 40% of the chargesTransactions of Rs. 75 - 100 M 50% of the chargesTransactions of Rs. 100 M & above - As per arrangement with customer
Askari Bank Limited -Ikhlas Islamic Banking Services Schedule o[Bank Charges (Exclusive o[FED / Sales Taxi efftctive Januarv 01, 2019
LETTER OF GUARANTEES
Annexure C(Amt. in PKR)
GUARANTEE AMOUNT RANGEFROM TO
1st Quarter or Part thereof Subsequent Quarters or part thereof
500,000 2,2001,900
205,200
1,100500,001 1,000,000 3,800
1,000,001 1,500,000 5,700 2,8501,500,001 2,000,000 8,100 4,0502,000,001 2,500,000 10,300 5,1502,500,001 3,000,000 12,600 6,3003,000,001 3,500,000 14,700 7,3503,500,001 4,000,000 17,000 8,5004,000,001 4,500,000 19,200 9,6004,500,001 5,000,000 21,400 10,7005,000,001 5,500,000 23,500 11,7505,500,001 6,000,000 25,200 12,6006,000,001 6,500,000 26,900 13,4506,500,001 7,000,000 28,400 14,2007,000,001 7,500,000 30,000 15,0007,500,001 8,000,000 31,300 15,6508,000,001 8,500,000 32,600 16,3008,500,001 9,000,000 33,800 16,9009,000,001 9,500,000 34,800 17,4009,500,001 10,000,000 35,900 17,950
10,000,001 12,500,000 39,500 19,75012,500,001 15,000,000 48,200 24,10015,000,001 17,500,000 57,000 28,50017,500,001 20,000,000 65,700 32,85020,000,001 22,500,000 74,400 37,20022,500,001 25,000,000 83,100 41,55025,000,001 27,500,000 91,600 45,80027,500,001 30,000,000 100,300 50,15030,000,001 32,500,000 109,000 54,50032,500,001 35,000,000 117,600 58,80035,000,001 37,500,000 126,200 63,10037,500,001 40,000,000 134,000 67,00040,000,001 42,500,000 141,600 70,80042,500,001 45,000,000 149,100 74,55045,000,001 47,500,000 156,600 78,30047,500,001 50,000,000 163,900 81,95050,000,001 52,500,000 171,200 85,60052,500,001 55,000,000 178,200 89,10055,000,001 57,500,000 185,100 92,55057,500,001 60,000,000 192,000 96,00060,000,00162,500,001
62,500,000 198,700 99,350102,60065,000,000
Cont'd .. ,P/2
Askari Bank Limited -Ikhlas Islamic Banking Services Schedule of Bank Charges (Exclusive of FED / Sales Taxi effective Jan 01. 2019
Annexure C
GUARANTEE AMOUNT RANGEFROM TO
1st Quarter or Part thereof(Amt. in PKR)
67,500,000 211,700
Subsequent Quarters or part thereof
105,85065,000,001
285,100
67,500,001 70,000,000 109,050218,100112,20070,000,001 72,500,000 224,400115,20072,500,001 75,000,000 230,400118,20075,000,001 77,500,000 236,400121,15077,500,001 80,000,000 242,300124,05080,000,001 82,500,000 248,100126,85082,500,001 85,000,000 253,700129,60085,000,001 87,500,000 259,200132,30087,500,001 90,000,000 264,600135,00090,000,001 92,500,000 270,000137,55092,500,001 95,000,000 275,100
95,000,001 97,500,000 280,10097,500,001 100,000,000
140,050142,550
Charges may be reduced by competent authority depending upon business reciprocity for thewhole year, subject to written undertaking by the customer.
2 Charges relating to corporate customer may differ as per the arrangement between thecustomer and the bank
3 Rebates for customers other than corporate, may be allowed subject to prior approval of IBSD,based on annual business volumes as follows:
Transactions of Rs. 20-30 million 20%of the chargesTransactions of Rs. 30-50 million 30%of the chargesTransactions of Rs. 50-75 million 40%of the chargesTransactions of Rs. 75-100 million 50%of the chargesTransactions of Rs. 100 M & above - As per arrangement with customer
Schedule of Bank Charges - Islamic Banking Services, effective Jan 01, 2019 Annexure -I
Sr. No.I
PgNo.
Description in SOC Clarification of Competent Authority
Trade Finance> Imports> Letter of Credit
A. I. f. i) 3 i) 55% of applicable slab given in Annexure A -Minimum
Rs. 1,500/-(OR subject to negotiation and approval from the
competentauthoritv)
i) 55% of applicable slab given in Annexure A - MinimumRs. 1,500/-(OR subject to negotiation and approval from Country Head -lBSO)
A. 2. d. 4 i) 0.15% flat - Minimum Rs. 1,500/-(OR Subject to negotiation and approval from thecompetent authority)
Trade Finance> Exports> Bills
i) 0.15% flat - Minimum Rs. 1,500/-(OR Subject to negotiation and approval from Country Head -lBSO)
B. 2. b) 4 0.13%, Minimum Rs. 1,000/- (OR subject tonegotiation and approval from the competentauthority)
0.13%, Minimum Rs. 1,000/- (OR subject to negotiation andapproval from Country Head - IBSO)
Trade Finance> Domestic Banking> Inland Letters of Credit
C. 1. a. ii) 5 For annual volume of Rs.50MlPublic SectorOrganization/ Government! Semi-GovernmentSponsored Bodies, commission subject to negotiationand approval from the competent authority.
For annual volume of RS.50MlPublic Sector Organization!Government!Semi-Government Sponsored Bodies, commissionsubject to negotiation and approval from Regional GeneralManager / Country Head - IBSO.
Trade Finance> Domestic Banking> Guarantees
C.3 6 Charges against guarantees on behalf ofcorrespondent banks subject to approval from INOand charges on guarantees issued under syndicatedarrangements, subject to negotiation and approvalfrom the competent authority.
Charges against guarantees on behalf of correspondent bankssubject to approval from INO and charges on guarantees issuedunder syndicated arrangements, subject to negotiation andapproval from Country Head - lBSO.
General Banking (Domestic) > Remittances
A. III. Note. ii)
A. IV.Note. iii)
8
8
Charges may be reduced or waived by competentauthority depending upon business consideration etc.
Charges may be reduced or waived by competentauthority depending upon business consideration etc.
Charges may be reduced or waived by Area Manager/ RegionalGeneral Manager depending upon business consideration etc.
Charges may be reduced or waived by Area Manager / RegionalGeneral Manager depending upon business consideration etc.
Alternate Delivery Channels
E. 2 Note. ii) 12 Charges (excluding 2-b above) on Savings (PLS)accounts may be reduced or waived by competentauthority depending upon business consideration etc.
Charges (excluding 2-b above) on Savings (PLS) accounts maybe reduced or waived by Area Managers / Regional GeneralManager depending upon business considerations etc.
Miscellaneous Charges
H.I0 15 Rs. 50/- flat per credit (Except defense & Govt.Employees) or as approved by the competentauthority.
Rs. 50/- flat per credit (Except defense & Govt. Employees) oras approved by the Area Manager / Regional General Manager
H. Note. ii) 15 Charges against Sr. # 5 & 8 (ii) above may be reduced Charges against Sr. # 5 & 8 (ii) above may be reduced or waivedor waived by the competent authority depending upon by the Area Manager / Regional General Manager dependingbusiness consideration etc. upon business consideration etc.
H.Nil Charges 16 These are our standard charges and relaxations / These are our standard charges and relaxations / concessions, ifconcessions, if any may be referred to the competent any may be referred to Country Head - IBSD for approval on aauthority for approval on a case-to-case basis, based case- to-Case basis, based on present business volume /on present business volume / relationship &/or future relationship &/or future business prospects / considerations,business prospects / considerations, except out of except out of pocket expenses and correspondent bank charges.pocket expenses and correspondent bank charges.
H. Staff Note 16 Staff: On all banking transactions, Staff: On all banking transactions, commission/chargescommission/charges including cheque books within including cheque books within reasonable amount with thereasonable amount with the approval of competent approval of Area Manager. In case of availing Locker facilityauthority. In case of availing Locker facility 50% of 50% of the rent amount with no key deposit.the rent amount with no key deposit.
Islamic Financing
I. b. ii) 16 0.050% (OR as approved by the competent 0.050% (OR as approved by Country Head - IBSD)authority)
1.1) 17 0.75% the proposed exposure subject to 50% payable 0.75% the proposed exposure subject to 50% payable upfront.up front. (Wherever applicable). (Wherever applicable).(OR subject to negotiation and approval from the (OR subject to negotiation and approval from Country Head -competent authority) IBSD)
I. g) 17 Upto Rs. 10,000/- or as per approval Upto Rs. 10,000/- or as per approvalote: Charges may be reduced from Rs. 10,000/- to Note: Charges may be reduced from Rs. 10,000/- to 5,000/- by
5,000/- by the competent authority. Country Head - IBSD
I. Note. iv) 17 These are our standard charges and relaxations / These are our standard charges and relaxations / concessions, ifconcessions, if any may be referred to the competent any may be referred to Country Head - IBSD for approval on aauthority for approval on a case-to-case basis, based case-to-case basis, based on present business volume /on present business volume / relationship &/or future relationship &/or future business prospects / considerations,business prospects / considerations, except out of except out of pocket expenses.pocket expenses.