schedule of bank charges - modhumotibankltd.com · buying house, freight forwarders agents etc.) 14...

1

Schedule of Bank Charges

(Excluding applicable VAT) From 1st January 2020 to 30th June 2020

Modhumoti Bank Limited Head Office DCCI Building 3rd, 4th & 5th floor 65-66 Motijheel C/A, Dhaka-1000.

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Contents A. General Banking Service B. Credit Related Service C. Foreign Trade Related Service

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Table of Content - General Banking Service

SL Services Page #

1 Current Account 1

2 SND Account 1

3 SB Account 1

4 Scheme's A/C 1

5 Standing Instruction 1

6 Locker and Safe Custody 2

7 Issuance of Solvency Certificate & BO Certificate 2

8 Supply of Statement of Account 2

9 Transfer of Fund as Per Instruction 2

10 Stop Payment Instruction 2

11 Issuance of Cheque Book 3

12 Issuance of Foreign Currency Balance Certificate 3

13 Collection 3

14 Check returned unpaid from clearing house 3

15 Collection of outstation cheques, bills/Clean/Documentary 3

16 Bounced Cheque drawn on us ( Cash, Clearing or Transfer ) 3

17 Remittance (Inland) DD/TT/MT/Issuance 4

18 Cancellation of DD/TT/MT/Postage/Courier/FAX 4

19 Issuance of Duplicate Instrument 4

20 Issuance of Payment Order 4

21 Issuance of Duplicate PO 4

22 Issuance of Duplicate FDR/Different Schemes 5

23 Issuance of Cheque drawn on Bangladesh Bank at the request of client 5

24 Collection of Inland Bills 5

25 Purchase of Inland Bills accepted by other Banks 5

26 Online cash Transaction (Withdrawal & Deposit) Fees 6

27 Online cash Transaction (Withdrawal & Deposit) Fees – Inter Branch 6

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Table of Content - Credit Related Services

SL Services Page #

1 Loan Processing & Monitoring Fee 7

2 Commitment Fee on Undisbursed amount 7

3 Retail Loan/ Consumer Loan/ Home Loan/ Personal Loan 7

4 Vehicle Loan 7

5 All Loan accounts (CC, Demand Loan, SOD (Gen), Hire Purchases 7

6 Forced /Demand Loan 7

7 Documentation Charges 7

8 Issuance of Bank Guarantee 7

9 Godown Charge/ Warehouse Charge 8

10 Interest on PAD 8

11 Handling of Documents for LIM 8

12 Early Settlement Fee 8

13 Overdue Interest 8

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Table of Content - Foreign Trade Service

SL Import Page #

1 L/C Opening Charges & Commission 9

2 L/C Transmission Charges 9

3 Add Confirmation Charge for Local & Foreign 10

4 Correspondence Charges 10

5 Collection of Credit Report 10

6 Import Bill Settlement Charges 11

7 Shipping Guarantee / Airway Bill Realize/ Delivery Order/NOC 11

8 Others Charges 11

SL Export Page #

1 Export 12-14

SL Miscellaneous Page #

1 Forwarding application regarding import registration certificate etc. 14

2 Handling charges for license of indenting & Money changer 14

3 Handling charges for settlement of Cash incentive & DEDO 14

4 Inland L/C Advising and Reimbursement charge 14

5 Correspondence against Customer's Queries /investigation 14

6 Interest Rate on EDF L/C 14

7 Processing fee for obtaining Bangladesh Bank approval/permission (Indenting, Buying House, Freight Forwarders Agents etc.)

14

SL Ship Builders for Export Oriented Industry Page #

1 Issuance of Bank Guarantee 15

2 Letter of Credit Under (Sight) etc. 15

3 L/C Opening Commissions where 100% Cash margin received 15

4 L/C Opening Commissions under Deferred Payment/ Issuance L/C 15

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Table of Content - Foreign Trade Service

SL Foreign Remittance Page # 1 Foreign Remittances 16

2 Opening / Renewal of Student File (Remittance fees) 16

3 Issuance of FC Demand Draft Drawn on Bangladesh Bank 16

4 Clearing of FC Demand Draft drawn on Bangladesh Bank… 16

5 Disposal of remitted fund on A/C of Home Remittance 16

6 Collection (Inward) 16-17

SL Micro, Cottage & SME Loan Page # 1 Schedule of Charges (MCSME) 17

SL Syndication Loan Page # 1 Schedule of Charges (Syndication Loan) 18

SL BFTN, RTGS & BACH Page # 1 Schedule of Charges (BFTN, RTGS & BACH) 19

SL Cards Page # 1 Schedule of Charges for ATM Debit Card 20

2 Schedule of Charges (VISA Debit Card) 20-21

3 Schedule of Charges (VISA Credit Card) 21

SL Agent Banking Page # 1 Schedule of Charges (Agent Banking) 22

SL Digital Banking Page # 1 Schedule of Charges (Digital Banking) 22


1 Above Charge/ Fees/ Commissions/ Rates are exclusive Govt. Duty/Tax/VAT, if any shall be recovered from the customers in addition where and when applicable.

- General Banking Services

No

Type of Services

Nature of Charges

Charges

1.

Current Account (CD)

Account Maintenance Fee

Account Closing Charge

BDT. 500/- half yearly

BDT. 300/-

2.

Special Notice Deposit

Account (SND)



BDT. 500/- half yearly

BDT. 300/-

3.

Savings Account (SB)


(1)Account Maintenance fee shall not be realized

from the savings account if the minimum average

balance is BDT. 5000/-

(2) Account Maintenance fee shall be realized

BDT. 100/- half yearly If the minimum average

balance is BDT. 5001/- to BDT. 25,000/-

(3) Account Maintenance fee shall be realized

BDT. 300 half yearly if the minimum average

balance is BDT. 25001/- and above.

(4) Account Maintenance Fee shall not be realized

from the Staff Account.


BDT. 200/-

4.

Scheme’s A/C

Closing Charge

For Premature Encashment

only

FREE

5.

Standing Instruction

Charge

BDT. 50/- to be realized in each transaction

except Scheme A/C.



6.

Locker & Safe Custody

Rent

Small Size

Medium Size

Large Size

Security Money

(Refundable)

Small Size

Medium Size

Large Size

BDT. 5000/- P.A.

BDT. 7500/- P.A.

BDT. 10,000/- P.A.

BDT. 5000/-

BDT. 7500/-

BDT. 10,000/-

7.

i) Issuance of Solvency

Certificate

ii) Issuance of Certificate for

BO Account

Charge

i) BDT. 300/- for issuance of Solvency

Certificate per instance.

ii) BDT. 100/-Only

8.

Supply of Original Statement

of Account

i) Regular Statement

ii) Supply of Duplicate

Statement of Account on

Demand

iii) Balance Confirmation

Certificate (Yearly & Half

Yearly)

iv)Authentication of client

statement at the request of

other banks

Charge

(i) Free of Charge

(ii) Min. BDT. 50/- to Max. BDT. 500/-

(iii) Yearly & Half Yearly is free. Issuance of

Balance Certificates more than mentioned two

times BDT. 200/- to be realized

iv) BDT. 300/-

9. Transfer of Fund as per

Instruction

(Within the same branch &

deposit schemes only).

Charge FREE

10.

Stop Payment Instruction Charge

BDT. 100/- per instruction



11.

Issuance of Cheque Books Charge BDT. 4.00/- per leaf applicable for all types of

accounts

12. Issuance of Foreign Currency

Balance Certificate etc.

Charge

BDT. 300/- or USD 5/-

13. a) Local Collection of Cheques

(Where there is Clearing

House)

Charge

As per BACH & BEFTN charges schedule

b) Local Collection of Cheques

(Where there is no Clearing

House)

Charge

Actual Conveyance

Minimum BDT. 50/-

14.

Cheque returned unpaid from

the Clearing House

Charge

Free

15.

Collection of Outstation

Cheques / Bills

(Clean/Documentary)

Commission

Postage

Telephone

Up to BDT. 1,00,000 @0.15%

Min. BDT. 100/-

Above BDT. 1,00,000 @0.10%

Min. BDT. 200 /-

Max. BDT. 3000/-

At actual, Minimum BDT. 25/-


16.

a) Bounced Cheque drawn on

us (Cash, Clearing &

Transfer) for any reason

Charge

Free

b) Bounced Cheque drawn on

us (Cash, Clearing &

Transfer) due to

insufficient fund

Charge BDT250/- per instance



17.

Remittance (Inland)

DD/TT/MT issuance

Commission

Additional Charges for

Telephone Communication

@ 0.15% Minimum BDT. 50/-


18.

Cancellation of

a)DD/TT/MT

b)Communication Charge

Charge of Cancellation

BDT. 100/- per instance

At actual, Min BDT. 50/-

19. Issuance of Duplicate

Instrument

Charge for Issuance BDT. 200/- + Actual stamp charge &

Postal Charges (if any)

20.

Issuance of Payment Order

Charge for Issuance

Charge for Cancellation

(1) Commissions on Issuance of Pay Orders

which are customer originated may be waived.

(2) Pay orders which are originated by the Bank

i.e. Pay Orders issued by Bank in settlement of

Payments of Bills Under Letter of Credit accepted

by us & against to our suppliers/service provider

against goods/ services must be realized as

follows:

Up-to BDT. 1, 00,000/- = BDT. 50/- per instance

Above BDT. 1, 00,000/- = BDT. 200/- per

instance

(3) Staff: Free

BDT. 100/-

21.

Issuance of Duplicate PO

Charge

Up- to BDT. 10,000 = BDT. 50/-

Above BDT. 10,000 = BDT. 200/-

+ Stamp duty + VAT



22. Issuance of Duplicate FDR/

Different Schemes

Charge Up- to BDT. 100,000 = BDT. 100/-

Above BDT. 100,000 = BDT. 300/-

+ Stamp Charge at Actual

23.

Issuance of Cheque drawn on

Bangladesh Bank at the

request of the client

Charge

BDT. 300/- per instance.

24.

Collection of Inland Bills

Commission

Postage (Registered)

Telephone

Interest

Up to BDT. 1.00 Lac @ 0.15% min. BDT. 200/-

Up to BDT. 10.00 Lac @ 0.10% min. BDT. 300/-

Max. BDT. 1000/-

Above BDT. 10.00 lac @ 0.10% Minimum BDT.

500/-

Maximum BDT. 3000/-

Interest to be charged as per lending rate

(Commercial Others from date of purchase up to

the date of realization of proceeds)

25 Purchase of Inland Bills

accepted by other Banks

Commission

Interest / Other charges

BDT. 500/- per bill and bill may be purchased at

bill buying rates published by Head Office

International Division.

Loans may be approved within limit approved by

Head Office at Interest Rate to be charged Bank’s

prevailing rate of interest.



- Online Charges 26. Online Cash Transaction (Withdrawal & Deposit) Fees

Types of Services Charge/Fees

Up to BDT. 1 lac Free

Above BDT. 1 lac to BDT. 2 lac BDT. 100/-




Above BDT. 50 lac BDT. 1200/-

27. Online Cash Transaction (Withdrawal & Deposit) Fees- Inter Branch within the same City

Types of Services Charge/Fees

Up to BDT. 1 lac

No Charge

Above BDT. 1 lac to BDT. 10 lac



Above BDT. 50 lac



- Credit Related Services SL Type of Services Nature of Charges Charges

1. Commitment Fee on

Un-disbursed Amount

Fee/Charge

Case to Case basis

2. Loan Processing Fee Fee/Charge Free for SME & General Loan

As per policy for Retail Loan

3.

Retail Loan/ Consumer

Loan/ Home Loan/ Personal

Loan

Monitoring Fee

Supervision Charge

Risk Fund

As per policy

4.

Vehicle Loan

Monitoring Fee

Supervision Charge

Risk Fund

As per policy

5. All Loan Accounts (e.g. CC,

Demand Loan, SOD (Gen),

Hire Purchase)

A/c maintenance fee No maintenance fee will be applicable for SOD

(FO/FDR), CCS & Staff House Building Loan

account.

BDT. 500/- + vat for each loan account on half

yearly basis other than mentioned above.

6. Forced/ Demand Loan Overdue interest 2.00% p.a Overdue interest on outstanding shall

be realized for the delayed period.

7. Documentation Charges

(Mortgage of landed

property creation of charge

on other Bank's

FDR/Schemes/ Share etc.)

Charge

At actual

8. Issuance of Bank Guarantee Commission/Service Charge/ Stamp Fees

Max. 0.50%- Min0.10% Per quarter or part thereof, Minimum BDT. 500/- against 100%

cash Margin commission to be realized at BDT.

500/- (Flat) plus Other charges. VAT at actual. Stamp charge at actual on borrowers account.



9. Godown Charge/

Warehouse Charge

Borrowers Godown under

Bank’s Custody

Bank’s Rented Godown

Issuance of Delivery Order

(against delivery goods

from Banks / Borrower's

Godown)

i) Rent – on Borrower's A/C

ii) Insurance – on Borrower’s A/C

iii) Salary & allowance of Godown Staff – on

Borrower’s A/C

iv) Maintenance of Godown - on Borrowers A/C

i) Rent –To be realized from borrowers

proportionately for their occupancy plus 75 %

extra

ii) Insurance –To be realized from borrower’s

A/C proportionately

iii) Salary & Allowance of Godown Staff – To be

realized

from borrower’s A/C proportionately

BDT. 100/- per delivery plus actual conveyance.

10.

Interest on PAD

Interest

As per Lending Rate

11. Handling of Documents for

LIM

Charge Up to BDT. 5 Lac = BDT. 500/- (Flat)

Above BDT. 5 Lac up to

BDT. 10 Lac = BDT. 1000/- (Flat)


BDT. 25 Lac = BDT. 1500/- (Flat)


BDT. , 50 Lac = BDT. 3000/- (Flat)

Above BDT. 50 Lac = BDT. 5000/- (Flat)

12. Early Settlement Fee Charge On case to case basis.

13. Overdue Interest Charge 2.00% p.a. on overdue amount



- Foreign Trade Related Services

Trade Service (Import)

Sl. Type of Service

Nature of

Commission /Charges

Commission /Charges

L/C Opening Charges & Commission

1 Commission for Opening Cash L/C

For each quarter Max. 0.40% - Min. 0.10% or

Min. BDT. 1000/-

Each subsequent

quarter or part thereof

Max. 0.30% - Min. 0.10% or

Min. BDT. 1000/-

2 Commission for Opening L/C under AID/Loan/Credit/Barter etc.


Min. BDT. 1000/-

Each subsequent


Max. 0.25% - Min. 0.10% or

Min. BDT. 1000/-

3 Commission for Opening L/C where

100% margin is received For each quarter

Max. 0.25% - Min. 0.10% or

Min. BDT. 1000/-

4 Commission for Opening L/C under deferred payment/ Usance L/C/ UPAS


Min. BDT. 1500/-

Each subsequent


Max. 0.35% - Min. 0.15% or

Min. BDT. 1000/-

5 Commission for Opening of Back to Back

(BTB) L/C including EDF Commission

Max. 0.40% - Min. 0.10% or

Min. BDT. 1000/-

6 Commission for Opening of Inland L/C (ILC)


Min. BDT. 1000/-

Each subsequent


Max. 0.30% - Min. 0.10% or

Min. BDT. 1000/-

L/C Transmission Charges:

7 If L/C's are Transmitted By Mail, By

Courier, By Post etc.

Charge( This shall cover

cost of registered mail of L/C to Advising Bank &

copy to Reimbursing

Bank)

At actual

8 If L/C's are Transmitted by SWIFT:

i)Abroad ii) Local Charge At actual

9 If L/C's are Transmitted in Short and Non-Operative SWIFT

Charge At actual

10 If Amendment of L/C is Transmitted By

Mail, By Courier, By Post etc. Charge At actual



11 L/C Amendment Charge: If Amendment

of L/C is Transmitted by SWIFT Charge BDT. 750/- per instance

Sl.

No. Type of Service

Nature of Commission

/Charges Commission /Charges

12 L/C Amendment Commission: Commission As per schedule of charges per quarter

Add Confirmation Charge for Local & Foreign:

13 Add Confirmation by Foreign Bank Charge At actual. To be borne by the applicant

of L/C or Beneficiary

14 For arranging Add confirmation from

third Bank, our Charges Charge Max. 0.25% - Min. 0.10%

Correspondence Charges:

15 L/C Cancellation or Expired Unutilized

amount: By cable/ SWIFT. Charge Nil

16 L/C Handling Charges Charge Nil

17 L/C Cancellation Charges before expiry Charge At actual Charges of Foreign Bank

Claims

18 Foreign correspondent charges for

amendment of L/C Charge At actual of Foreign Bank Claims

19 Discrepancy Charges- (Import

Documents) Charge

Foreign USD 50.00

Local USD 30.00

20

Foreign Correspondent Charges (FCC)

for all types of L/C's (On Applicant's Account)for Foreign Banks

Charge At actual of Foreign Bank's Claim

+SWIFT Charge

21

Foreign Correspondent Charges (FCC)

for all types of L/C's (On Beneficiary's Account)

Charge

At actual( In case of non-payment of

charges by beneficiary, actual charges to be realized from the importer as per)

22 Interest on PAD/Bills Charge As per Lending Rate

23 Handling of Import Documents without

L/C & Clearing Charge 0.15% Min BDT. 500

24 B/L Endorsement Signature Verification

Charges Charge BDT. 100 per B/L

25 Maturity date extension ( Any

communication)

Charge BDT. 1000 per instance + SWIFT

charges

Collection of Credit Report:

26 Collection of Credit Report on the Beneficiary by SWIFT from Dun &

Breadstreet and Others.

Charge At actual Charges of Foreign correspondents+ BDT. 750/- for each

report



Import Bill Settlement Charges:

27 Acceptance Commission for

Deferred/Issuance/Back to Back L/C etc. Commission

Max. 0.40% - Min. 0.20% or

Min. BDT. 1500/-

Sl.

No. Type of Service

Nature of Commission

/Charges Commission /Charges

28

Documents Scrutiny Charges for

settlement of documents of Import Bills drawn under L/C (to be realized from the

bill value)

Charges Max. BDT. 1500/- Min. 500/-

Shipping Guarantee / Airway Bill Realize/ Delivery Order/NOC:

29 Issuance of shipping guarantee / Airway Bill Realize/ Delivery Order/NOC in

absence of original documents

Charge Max. BDT. 1000/- Min. 500/-

30 Inward document collection not under import L/C ( May be subject to URC-522

or not)

Charge

In case of D.P: Max. 0.40%- Min. 0.10%

or Min. BDT. 1000. In case of D.A.: Max. 0.50%- Min. 0.10% or Min. BDT. 1000/-

, Plus other charges, If applicable (At actual).

31 Release of Import documents for customs assessment purpose

Charge BDT. 500/-

Others Charges:

32 IRC Renewal Charge Govt. fees at actual + Service Charge BDT. 500/-

33 IMP Issue Charge BDT. 100/- per instance

34 LCAF issuance charge for L/C Charge BDT. 100/- per instance

35 LCAF issuance charge (Non-L/C) Charge Max. BDT. 1500/- Min. 500/- per

instance

36 Any other charges not mentioned in the

above connection with Opening and Advising of L/C

Charge Max. BDT. 1500/- Min. 500/- per

instance



Trade Service (Export)

Sl. Type of Service Nature of Commission /Charges

Commission /Charges

1

Negotiation commission for export bills

in foreign currency

Commission

Max. 0.15%-Min. 0.10% or Min. BDT.

500/- (On the negotiated amount no overdue interest will be charged under

full compliance of L/C terms.)

2 Negotiation/collection commission for export bills in local currency

Commission

Max. 0.15%-Min. 0.10% plus interest

for the period of the bill remains

outstanding

3 Discounting of export bill drawn under

Local L/C Commission

Discounting intt. for the applicable

usance period of the bill for the

outstanding period + BDT. 500/- as documents processing fee + postage at

actual

4 Processing of documents under

collection in local currency Charge BDT. 1000/- per instance

5 Processing of Documentary collection

bills in the foreign currency Charge

Max. 0.15%- Min. 0.10%or Maximum

BDT. 500/-

6 Advising of Local/Foreign Bank L/C to

the Local beneficiary Charge BDT. 750/- per instance

7 L/C of advising charge -Local L/C (BTB &

Inland) Charge BDT. 750/- per instance

8 Advising charges of amendment of L/C

to the Local Beneficiary Charge BDT. 750/- per instance

9 Transfer of L/C / Transfer of

Amendment of L/C

Transfer Charges BDT. 750/- per instance

Amendment Charges BDT. 500/- per instance

10

Transfer of L/C's (MT720) at the request of our Buying House Clients who have

licenses under Section 18A or 18B of FER Act, 1947 by Bangladesh Bank

Transfer Charges BDT. 750/- per instance

Cancellation Charges BDT. 750/- per instance

11 Cancellation of Transfer of Amendment Charge BDT. 750/- + SWIFT charge at actual

12 Mailing of Export Documents: Mail or

Courier Charge BDT. 750/- + Mail charge at actual

13 Foreign Bank's Guarantee Commission against discrepant bills

Charge At actual

14 SWIFT Charge for sending payment

instruction of reimbursement Charge At actual or Minimum BDT. 500/-



15 Adding Confirmation to Export L/C by us Charge Maximum 0.20% per quarter or part thereof / Min. USD 50.00

16 Monitoring fee against Packing Credit

Facility Charge

@1.5% (Flat) may be realized from each PC facility since the Bank Officials

have to give more time and effort to monitor for timely export of ready

Garments to avoid stock lot.

17 Foreign Trade (Export) Charge

When any packing credit facility

becomes overdue interest @ 15.00% p.a. (13.00%p.a. + 2.00%p.a.) may be

changed from time to time on overdue export bills which are negotiated/

purchased.

18

Advising guarantee to the beneficiary in

original without any engagement on our part

Charge BDT. 750/- plus at actual Mail/SWIFT

charges

19

Advising guarantee by original by adding

our confirmation against 100% counter guarantee of Foreign Bank

Charge

Max. 0.50% - Min. 0.15% per quarter or

part thereof or Min. USD 100/- + cost of Postage /SWIFT

20

Advising of guarantee in our own format

or on the format supplied by the Issuing / Opening bank with our full

engagement against 100% counter guarantee of Foreign Bank

Commission Max. 0.50% - Min. 0.15% per quarter or part thereof or Min. USD 100/- + cost of

Postage /SWIFT

21

Issuance of Bid Bond/Performance Bond

favoring overseas beneficiary through foreign correspondent at our customer's

request

Commission Max. 0.50% - Min. 0.15% per quarter or part thereof or Min. USD 100/- + cost of

Postage /SWIFT

22 Proceeds Realization Certificate(PRC) Charge BDT. 500/- per instance

23

Processing fee for obtaining Bangladesh

Bank approval/Permission (indenting, buying house, freight forwards agent

etc.)

Charge BDT. 3000/- for 1st permission & BDT. 1500/- for renewal

24

Indemnity for shipping guarantees in

absence of original documents provided full value of document is deposited by

client

Charge BDT. 750/- per instance

25 Endorsement of N/N copy for custom assistant purpose


26 Issuance of back to Back L/C Certificate / C&F Certificate/ Bond license etc.




27 EXP Issue / Certification of EXP form Charge BDT. 300/- per instance( to be realized

at time issuance of EXP Form)

28 Discounting of Inland Bill in foreign

currency Charge

Exchange gain + Handling charge BDT.

500/-

29 Handling Charges for license of

Indenting & Money Changer etc. Charge BDT. 2000/- per instance

30 Inland L/C Advising & Reimbursement

Charge Charge BDT. 750/- per instance

31 Correspondence against customer's

queries/ Investigation Charge At actual or Minimum BDT. 300/-

32 Cancellation of EXP Charge Nil

33 Handling cash subsidy duty drawback Charge BDT. 2000/- for each case

34 Issuance of No Objection Certificate Charge BTD. 500/- for each case

- Foreign Trade (Miscellaneous) Sl. No Type of Services Nature of

Charges

Charges

1. Forwarding application regarding

Import Registration Certificate etc.

(IRC)


2. Handling Charges for License of

Indenting & Money Changer etc.

Charge BDT. 1,000/- per instance

3. Handling Charges for Settlement of

Cash Incentive & DEDO


4. Inland L/C Advising and

Reimbursement Charge


5. Correspondence against

Customer’s Queries / Investigation

Charge At actual, Minimum BDT. 300/-

6. Interest rate on EDF L/C

Charge @16.00% p.a. interest for interim period + as

per Bangladesh Bank regulations after the fund

is received from Bangladesh Bank

7. Processing fee for obtaining

Bangladesh Bank

approval/permission (Indenting,

Buying House, Freight Forwarders

Agents etc.)

Charge BDT. 3000/- for 1st permission

And BDT. 1500/- for renewal



- Ship Builders for Export Oriented Industry

Sl.

No.

Type of Services Nature of

Charges

Charges

1 Issuance of Bank Guarantee by the

local Bank’s which needs the Add

Confirmation by the foreign Bank,

the commission will be charged in

addition to the confirmation charge

by the foreign Banks.

Commission @ 1.5% in addition to the confirmation charge

by foreign correspondents.

2 Letter of Credit

L/C Opening Commission

under(Sight)

For each quarter Max. 0.40%-Min. 0.20%

Minimum BDT. 1000/-

3 L/C Opening Commissions where

100% Cash margin received


4 L/C Opening Commission under

Deferred Payment /Issuance L/C


Minimum BDT. 1000/-

*Note: Under no circumstances, Commission for Opening L/Cs shall be exceeded 2% per annum.



- Foreign Remittance

Sl. No. Type of Services Nature of

Charges

Charges

1

Foreign Remittances:

a) Purchase of Foreign Bank Drafts

drawn abroad

Charge

a) @ 0.20 % per USD

b) @ 0.30 % per GBP

b) Encashment of any Foreign TT

in Taka at our Counter


c) Encashment Certificate Charge BDT. 300/- per instance

2 a) Opening / Renewal of Student

File for Education Purpose

b) Remittance Fees

Charge

a) BDT. 4000/- per Student File

b) Other Charges as per Schedule of Charges.

3. Issuance of F.C. Demand Draft

drawn on Bangladesh Bank

Charge BDT. 300/- or USD 5

4. Clearing of FC Drafts drawn on

Bangladesh Bank

Charge FREE

5. Disposal of Remitted Fund on A/C

of Home Remittance

Charge FREE

6 Collection (Inward)

a) For Collection of Clean Item

(Inward) from Local Bank (Refund

Warrant and FC Cheque A/C)

Charge BDT. 250/- (Flat)

b) Collection of Foreign Currency

Draft from Abroad

Charge At actual cost plus SWIFT Charge

Minimum BDT. 500/-

c) Encashment of TC Charge

BDT. 300/- (flat)

+ SWIFT Charges (if any)

d) Issuance of Cash (FC)

Endorsement in Passport

Fee &

Commission

Endorsement Fee = BDT. 200/- per instance



E) Transactions by Nominee/

Account Holder in FC A/Cs

Charge

NO Charge

f) Issuance of FC Drafts Drawn on

Foreign Correspondents

Charge BDT. 500/- per instance + SWIFT Charge.

g) Remittance by T.T. (F.C)

through Foreign Correspondents

(Outgoing)

Charge BDT. 500/- per instance + SWIFT Charge

h) Cancellation of Drafts in Foreign

Currencies

Charge At actual cost

Min. BDT. 500/- per instance + SWIFT Charge.

- Micro, Cottage & SME Loan

1. Schedule of Charges (MCSME)

Sl Nature of Charges Amount

1. Loan Application Fee BDT. 200/-

2. CIB Charge At actual

3. Stamp Charges At actual

4. Early Settlement Fee 1% of outstanding balance (Except-Micro &

Cottage loan)

5. Security Replacement Fee

(Including Guarantor)

At Actual

6. Overdue Interest 2.00 % p.a. on overdue amount for the number

of days overdue.

7. Documentation Charges:

Registration, Govt. Duty & Charges

Security Documentation

At Actual



- Syndication Loan

Schedule of Charges (Syndication Loan)

* Fees and Charges on Syndication Loan will be fixed up after having the discussion with the Lead Arranger and other

participating Banks.



- BFTN, RTGS & BACH

Schedule of Charges (BFTN, RTGS & BACH):

Sl. No Nature of Charges Amount

1 BEFTN Charges Free

2 RTGS (Real Time Gross Settlement) Charge BDT. 100.00

Sl. Nature of Services Nature of charges Amount

3 BACPS Charges

a) Clearing of Cheque less than BDT. 50,000.00 Clearing charge Free

b) BDT. 50,000.00 Above but less than BDT.

5,00,000.00

Regular value BDT. 10.00

c) BDT. 5,00,000.00 & above Regular value BDT. 25.00

d) BDT. 5,00,000.00 & above High value (same

day clearing)

BDT. 60.00

e) All Cheque G 2 P Free

f) All Cheque P 2 G Free

Above charges are inclusive of VAT. The realized charges will be distributed in the following manner: when-

Total charge BACH Presenting Bank VAT

BDT. 10.00 BDT. 8.00 BDT. 1.70 BDT. 0.30

BDT. 25.00 BDT. 20 BDT. 4.25 BDT. 0.75

BDT. 60.00 BDT. 50 BDT. 8.50 BDT. 1.50



- Cards 1. Schedule of Charges (ATM Debit Card)

2. Schedule of Charges (VISA Debit Card)

ATM Debit Card

Annual

Fee

(BDT.)

Alteration Fee

(BDT.)

Card Pin Number

General ATM Card 500/= 300/=

General ATM Supplementary Card 300/= 300/=

VIP ATM Card 500/= 400/=

VIP ATM Supplementary Card 300/= 400/=

Salary Savings ATM Card 500/= 300/=

Salary Savings ATM Supplementary Card 300/= 300/=

Modhumoti Bank Staff ATM Card

Free Modhumoti Bank Staff ATM Supplementary Card

Freedom Fighter ATM Card

Freedom Fighter ATM Supplementary Card

School Banking ATM Card

Free

200/= 100/=

Priority ATM Card 800/= 500/=

Priority ATM Supplementary Card 500/=

*(Extra) 15% VAT Applicable

VISA Debit Card Annual/

Cancelation Fee (BDT.)

Alteration Fee (BDT.)

Mobile

Service Charge (BDT.) Card Pin

Modhumoti Bank Staff Debit Card

Free

200/= 100/=

Free

Modhumoti Bank Staff Debit Supplementary

Card 200/= 100/=

Freedom Fighter Debit Card 200/= 100/=

Freedom Fighter Debit Supplementary Card 200/= 100/=

General Debit Card 500/= 300/=

100/=

General Debit Supplementary Card 300/= 300/=

Salary Savings Debit Card 500/= 300/=

Salary Savings Debit Supplementary Card 300/= 300/=

VIP Debit Card 500/= 400/=

VIP Debit Supplementary Card 300/= 400/=

Priority Debit Primary Card 500/= 400/=

Priority Debit Supplementary Card 300/= 400/=

*(Extra) 15% VAT Applicable

Annual fee of VISA Debit Card will be attributed during time of issuing.



Per Transaction Charge Money Withdrawal Fee @ Modhumoti ATM Network Free

POS Transaction @ VISA Network (Bangladesh/Abroad) Free

Money Withdrawal Fee @ Bangladesh Q-CASH ATM Network BDT. 10/= *

Money Withdrawal Fee @Except Bangladesh Q-CASH ATM Network BDT. 15/=

Money Withdrawal Fee @VISA ATM Network In Abroad USD 2.5 or 1% of Withdrawal Amount**

Account Inquiry/Statement @ Except Bangladesh Q-CASH ATM Network BDT. 5/=

Money Withdrawal Fee @ Bangladeshi VISA ATM Network BDT. 50/=*

Account Inquiry/Statement @ Bangladeshi VISA ATM Network Free

*(Extra) 15% VAT Applicable** Which one is higher

3. Schedule of Charges (VISA Credit Card)

- --

Particulars Fee & Charge (BDT)

Classic Card Gold Card Platinum Card

Annual Fee BDT. 750 BDT. 1500 BDT. 5000

Supplementary Card Free

Supplementary Card ( From 2nd) 50% of Annual Fee

Card Change BDT. 400 BDT. 600 BDT. 800

Pin Number Change BDT. 300 BDT. 500 BDT. 500

Highest Amount of Money Withdrawal-ATM 20% 30% 50%

Highest Amount of Money Withdrawal-Bank POS 50% 50% 70%

Monthly Interest Rate 2.25%

Late Fee BDT. 500 or $10 BDT. 750 or $15

Limit Cross Fee BDT. 500 or $10 BDT. 750 or $15 BDT. 1000 or $20

Cheque Return Fee BDT. 500 or $10 BDT. 750 or $15

Statement Withdrawal Fee BDT. 50 or $5 BDT. 100 or $10

Sale Slip Withdrawal Fee BDT. 250 or $10 BDT. 500 or $15

Outside Cheque Collection Fee BDT. 200 or $10 BDT. 250 or $15

Limit of Card Cheque 90%(for every card)

1st Card Cheque Book Free

Card Cheque Book (From 2nd) BDT. 150 BDT. 200

Card Cheque Processing Fee 1% or BDT. 100 (which is higher)

Money Withdrawal Fee- ATM BDT. 150 or 3%(Which is higher)

but Modhumoti ATM Free

Foreign Currency Withdrawal Fee-ATM $2 or 3% (which is higher)

Bank POS Fee BDT. 100 or 1.5% (which is higher)

Bank POS Fee Foreign Currency $2 or 3% (which is higher)

Certificate Fee BDT. 300 BDT. 500

Minimum Money Payment Limit 5% or BDT. 500 or $15 ( which is higher)

SMS Alert Service/ Annual BDT. 100

CIB Fee BDT. 100

Credit Shield Advantage 0.35% of Balance

VAT 15% Applicable for every transaction.



- Agent Banking

1. Schedule of Charges (Agent Banking)

Charges/fees/commission regarding Agent Banking operations will be applicable as per circulars/instructions

circulated by the Agent Banking Division.

- Modhumoti Digital Banking (Go

Smart)

It has been approved by the Board of Directors of Modhumoti Bank Limited in its 44th meeting held on

26/09/2019 that

1. the Bank may fix Annual Fee for Tk.250/- each for Internet Banking and SMS alert, while-

2. Outward Fund Transfer (RTGS) Fee may be fixed at Tk.75/-.

But-

3. The Bank should not charge for any other services. VAT and AIT, if any, would be charged as per

Govt. Rules from time to time.

The Board discussed that broader term shall be used, such as using ‘Visa Processing Fee’ than of using

‘Indian Visa Processing Fee’ since it would limit scopes. The Board noticed that Banking facilities would ne

banded as Digital Banking.