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Home>>Services >> Service Charges
SERVICE CHARGES


  • Demand Drafts
    Transactions Charges
    Drawn on our own branch (In Indian Rupees) Comm S$5.00 (flat)
    Mail Transfers (In Indian Rupees) on our own Branch Comm S$5/- (flat) & Postage S$3/- (flat)

    Account Holder:
     
    debit form SGD acct or payment by SGD cash 
    1/8% (min of S$10/-)
    debit from acct FCY acct: same party 1/8% (min of US$6/-)
    debit from acct and issue third party S$DD on our branch >S$10K, additional S$30/- for sending cover to New York Correspondent.
    Payment by foreign ccy notes 1/8% comm in lieu of exchange (min.US$10/-)
    From fixed deposits: payable to own name own name: free (only one allowed)
    From fixed deposits: payable to third party 1/8% comm, 1/8% in lieu of exchange (min.US$10/-)

    Non-account holder

    same as above
    Drawn on own bank 1/8%
    Drawn on oher banks 1/8%, min S$10/-, US$6/-


  • Inward Remittances
    Transactions Charges
    Telegraphic transfer:  
    in SGD to FDR 1/8% + S$30/-
    in FCY to FDR 1/8% + S$20/- (for USD acct)
    in FCY to other account 1/8% in lieu for transactions in USD currency


  • Outward Remittances
    Transactions Charges
    Telegraphic Transfer:  
    In Indian Rupees Comm S$5/- (flat) & Tlx chgs:S$30/-(flat)
    from SGD acct or cash payment in SGD 1/8% (min.S$10/-) 1/8% (min.US$6/-)

    from FCY acct, without foreign exchange involves:
    a) same party 1/8% min.US$6/-
    b) 3rd party (tlx chg:US$20/-)
      For AUD: AU$20/- + 1/8% POE, min US$6/-

    from FCY acct with foreign exchange

    same as above
    from FCY notes sames as above
    from own fixed deposit P.O. to 3rd party: S$5/-
    (payable to own name and third party) TT to 3rd party: 1/8%, min US$20/- comm,
    from non-acct holder/walk-in customer tlx chgs:US$20/-
      For own name: P.O. no chgs
      TT own name: only tlx chgs US$20/-
    Travellers cheques 1% comm (min of S$10/-) for all currency
    Cashiers Orders

    Account holder:
     
    payable in own name S$5/-(flat)
    payable to third party
    Non-account holder


  • Processing Charges
    Transactions Charges
    Fresh sanction of credit limits (for New Applicant)) 0.25% of the quantum of limits sanctioned with a minimum of S$500/- and a maximum of S$5000/-
    Enhancement/Adhoc limits for existing customers 0.25% of enhanced limits for period of enhancement with a minimum of S$200/-
    Renewal of limits without any enhancement for existing customers S$300/-
    Any request for change in sanction terms and conditions S$100/-
    Any certification on credit related matters S$50/-
    Other Certificates S$25/-


  • Shipping Guarantees
    Transactions Charges
    Shipping Guarantees 1/8% of shipping guarantee amount subject to a minimum of US$40/-


  • Collection Bills
    Transactions Charges
    Handling charges For Inward and Outward collection bills outstanding beyond due dates-S$20/- per bill per month.
    Other charges To be collected upfront.


  • Cheque Charges
    Transactions Charges
    Outward returned cheques US$5/- (US$ cheque) / S$25/- (SGD cheque)
    Stop Payment S$10/-

    Outward marked cheques
    (via clearing) US$10/- (< US$10K)
    (via direct marking) US$20/- (> US$10K)


  • Cash Deposit & Exchange Services
    Transactions Charges
    Coin Charges:
    Coin deposit and withdrawal n.a.
    coin exchange n.a.
    Bulk Cash deposit 1% comm (min US$5/-), Bundles : 6-10 (S$10/-)
    Bulk 11-19 (S$20/-) and 20-30 : (S$30/-)


  • Miscellaneous Charges
    Transactions Charges
    Retrieval of documents S$10/- per document

    Request for credit enquiries/referral letter
    Request for cert of bal/Financial Standing S$10/-
    Audit confirmation of account balances S$25/- and S$30/-
    Hold mail services n.a.

    Standing Order:
    New Application S$30 + S$3 = S$33/-
    Amendment n.a.


  • Guarantees
    Transactions Charges
    Issuance commission 1/2% within one year, 3/4% above 1-2yrs,
      1% above 2 yrs (min S$50/-)
    Amendment charges S$25/-


  • Cancellations/Stop Payments
    Transactions Charges
    Cashiers Orders cancellation S$10/-
    stop payment :nil
    Demand draft S$10/- (Telex charges is applicable)


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