Schedule of Service Charges
GENERAL
REMITTANCES
BILLS
IMPORT LETTER OF CREDIT
EXPORT LETTER OF CREDIT
LETTER OF CREDIT (INLAND)
ADVANCES
SAFE CUSTODY & LOCKERS
| Sl No | Item Description | Customers -New Shcedule (Excl. Excise Duty @ 20 %) | Others -New Shcedule (Excl. Excise Duty @ 20 %) |
|---|---|---|---|
| 1 | CHEQUE BOOK | Kshs. 15/- (including stamp duty of Kshs. 2.50) per leaf |
For staff only stamp duty @ Kshs. 2.50 per leaf |
| 2 | WITHDRAWAL FORM/ COUNTER CHEQUES (FOR CHEQUE BOOK HOLDERS) | Kshs. 50/- per Instrument (Max. withdrawal is Kshs 100,000/- per day) | |
| 3 | STOP PAYMENT INSTRUCTIONS | Kshs. 500/- per cheque If entire cheque book is lost, Max. Charge -Kshs. 5,000/- |
|
| 4 | STANDING INSTRUCTION | i. At the time of acceptance-Kshs. 500/- ii. Execution per instance - Kshs. 100/- iii. Amendment / Stoppage - Kshs. 500/- iv. Inability to carry SI on account of insufficient balance - Kshs. 1,000/- |
|
| 5 | SALARY PROCESSING | Kshs. 150/- per Employee | |
| 6 | CASH HANDLING FOR LOCAL CURRENCY (RECEIPT ONLY) | Kshs. 1.00 Mn and above per day - 0.125 % | |
| 7 | CASH HANDLING CHARGE FOR FOREIGN CURRENCY (RECEIPTS ONLY) | In USD or Equivalent i) Up to 5,000/- - Nil ii) Above 5,000/- up to 10,000/- - 0.125 % iii) Above 10,000/- up to 15,000/- - 0.250 % iv) Above 15,000/- up to 20,000/- - 0.50 % v) Above 20,000/- - 1 % |
|
| 8 | MINIMUM BALANCE CHARGES | i. Current Aaccount (Average Monthly Balance Kshs. 25,000/-) - Charge Kshs.s. 500/- ii. SB Accounts - No Charges |
|
| 9 | CHANGE OF SIGNATORY INCLUDING RECONSTITUTION OF ACCOUNT (ADDITION DELETION IN JOINT NAME INCLUDING LOCKER) | i. Individual - Kshs. 200/- ii. Non-Individual - Kshs. 500/- (No charge for change of name/signatory due to death of one account holder) |
|
| 10 | CHARGE FOR INTERNAL TRANSFER WITHOUT USING CHEQUE BOOK (FOR CHEQUE BOOK HOLDERS ONLY) | Per Entry Kshs. 50/- | |
| 11 | ACTIVATION OF DORMANT ACCOUNT | CD Account - Kshs. 200/- | |
| 12 | ACCOUNT CLOSURE CHARGES | CD Account - Kshs. 1,500/- | |
| 13 | LEDGER FEE/PER ENTRY SERVICE CHARGES FOR CD ACCOUNTS ONLY | Per folio - Kshs. 25/- Minimum Charge per month-Kshs. 500/- (30 entries per folio) (We do not charge for OD Accounts) | |
| 14 | CHEQUE RETURN (INWARD) CHARGE | i. Saving Bank Account - Kshs. 500/- per cheque ii. Current / Overdraft Account - Kshs. 1500/- per cheque |
|
| 15 | CHEQUE RETURN (OUTWARD) CHARGE | i. Saving Bank - Kshs. 100/- per cheque ii. Current / Overdraft Account - Kshs. 500/- per cheque | |
| 16 | BALANCE CONFIRMATION CERTIFICATE (AT THE REQUEST OF THE CUSTOMER) | Kshs. 500/- per Occasion | |
| 17 | CERTIFICATION OF DOCUMENT | Kshs. 500/- per Document | |
| 18 | AUDIT CONFIRMATION / REPORT | Kshs. 1,000/- per Occasion | |
| 19 | PROVIDING BANKERS / CREDIT OPINION REFERANCE LETTER | i. Individual - Kshs. 500/- ii. Non-Individual - Kshs. 1,000/- |
|
| 20 | INVESTIGATION / QUERY ON OLD RECORDS (CHEQUE, DEPOSIT & WITHDRAWAL) | Per Entry i. Up to 1 year - Kshs. 250/- ii. Above 1 year - Kshs. 500/- |
|
| 21 | DUPLICATE STATEMENT ISSUE CHARGES | i. SB Account -Per folio Kshs. 50/-, ii. CD Account - Per folio Kshs. 100/- |
|
| 22 | CHARGE FOR ISSUE OF DUPLICATE TDR/ ACKNOWLEDGEMENT INCASE OF LOST TDR | Kshs. 500/- | |
| 23 | SMS ALERT CHARGES | Kshs. 4/- per Transaction | |
| 24 | ATM WITHDRAWAL CHARGES | Kshs. 55/- per Transaction | |
| 25 | I-TAX DEPOSITS (PER E-SLIP) | Kshs. 250/- per Transacton | |
| 26 | COMMISSION ON THE RECEIPT OF HCI FEES | Kshs. 100/- per Receipt | |
| 27 | POSTAGES | On actual basis | For Non-Customers: The below or the actual, which ever is higher i. Inland - Kshs. 100/- ii. Overseas - Kshs. 500/- iii. Courier (International) - Kshs. 4,000/- |
| Sl No | Item Description | Customers -New Shcedule (Excl. Excise Duty @ 20 %) | Others -New Shcedule (Excl. Excise Duty @ 20 %) |
|---|---|---|---|
| 1 | RTGS CHARGES | i. Outward Kshs. 500/- per transaction ii. Inward - Nil |
|
| 2 | SWIFT (OUTWARD) | Kshs. 1,500/- per transaction | |
| 3 | E CORP (REMITTANCE TO INDIAN BRANCHES) | i. Upto Kshs. 50,000/- Kshs. 500/- ii. Above Kshs. 50,000/- to Kshs. 100,000/- -Kshs. 1,000/- iii. Over Kshs. 100,000/- - Kshs. 1500/- (Maximum Remittance is USD 10,000/- or equivalent) |
For Non-Customers: i. Upto Kshs. 50,000/- - Kshs. 600/- ii. Above Kshs. 50,000/- to Kshs. 100,000/- - Kshs. 1,200/- iii. Above Kshs. 100,000/- -Kshs. 1,800/- (Maximum Remittance is USD 5,000.00 or equivalent) |
| 4 | INWARD FOREIGN SWIFT/TELEGRAPHIC TRANSFER | For USD TT - USD 10/- For GBP TT - GBP 5/- Or equivalent to USD 10.00 in other Currencies |
|
| 5 | EFT (IRRESPECTIVE OF AMOUNT) | i. Through Standing Instructions - Kshs. 100/-& ii. Others - Kshs. 200/- |
|
| 6 | DEMAND DRAFT | i. Upto Kshs. 100,000/- - Kshs. 250/- ii. Over Kshs. 100,000/- upto Kshs. 1.00 Mn - Kshs. 500/- iii. Above Kshs. 1.00 Mn - Kshs. 1,000/- per Mn or part thereof (50% additional over applicable rates in case of issuannce against Cash Deposit) plus applicable SWIFT charges for Foreign Currency DD. |
For Non-Customer: 100 % additional of the Charge as applicable to Customer plus applicable SWIFT charges, if any. (Higher limit is USD 10,000/- or equivalent) |
| 7 | BANKERS CHEQUE | i. Upto Kshs. 100,000/- - Kshs. 250/- ii. Over Kshs. 100,000/- upto Kshs. 1.00 Mn - Kshs. 500/- iii. Above Kshs. 1.00 Mn - Kshs. 1,000/- per Mn or part thereof (50% additional over applicable rates in case of issuannce against Cash Deposit) |
For Non-Customer: 100 % additional of the Charge as applicable to Customer (Higher limit is USD 10,000/- or equivalent) |
| 8 | ISSUANCE OF DUPLICATE DD/ BANKER'S CHEQUE | Kshs. 250/- per Instrument | For Non-Customer: Kshs. 500/- per Instrument |
| 9 | CANCELLATION OF DD/ BANKERS CHEQUE | Kshs. 250/- per Instrument | For Non-Customer: Kshs. 500/- per Instrument |
| Sl No | Item Description | Customers -New Shcedule (Excl. Excise Duty @ 20 %) | Others -New Shcedule (Excl. Excise Duty @ 20 %) |
|---|---|---|---|
| 1 | FOREIGN CHEQUE/ DDS/ BILLS FOR COLLECTION (OUTWARD BILLS FOR COLLECTION) | i. 0.25 % Minimum Kshs. 500/- ii. If Bill is of more than Kshs. 500,000/-, then it is 0.20% (plus Swift Charges as applicable per message & Postage Charge Kshs. 250/- or actual, whichever is higher) |
|
| 2 | INWARD BILLS FOR COLLECTION | 0.25 % of the bill amount Minimum Kshs. 500/- (plus Swift Charges as applicable per message & Postage Charges of Kshs. 250/- or actual, whichever is higher ) | |
| 3 | HANDLING CHARGE FOR OVERDUE BILLS NOTE: SIGHT BILL OVERDUE AFTER 25 DAYS FROM PRESENTATION USANCE BILL AFTER DUE DATE | Kshs. 350/- per bill per month (Fraction of a month to be to be taken as full month) | |
| 4 | AVAILISATION OF DOCUMENT | 0.25 % per quarter or part thereof |
| Sl No | Item Description | Customers -New Shcedule (Excl. Excise Duty @ 20 %) | Others -New Shcedule (Excl. Excise Duty @ 20 %) |
|---|---|---|---|
| 1 | COMMITMENT CHARGES | 0.35 % Per Quarter or part there of Minimum Kshs. 1,000/- (commitment) plus applicable Swift charges per message (For full validity of the credit i.e. from the date of opening of the LC to the last date of its validity) plus USANCE Charges Notes: 1. If fully secured by 100% cash margin in form of FDR or balance in current account applicable charges will be 50% of the normal charges 2.These charges are to recovered upfront i.e. at the time of opening of LC |
|
| 2 | USANCE CHARGES | i. Upto 10 days sight - 0.35 % ii. Over 10 days and upto 3 month's sight - 0.70 % iii. Over 3 months’ sight - 0.70 % up to three months and 0.17% per month in excess of three months Notes: 1. If fully secured by 100% cash margin in form of FDR or balance in current account applicable charges will be 50% of the normal charges 2.These charges are to recovered upfront i.e. at the time of opening of LC |
|
| 3 | IF ANY EXTENSION OF THE VALIDITY OF LC FALLS WITHIN A THREE MONTH PERIOD FOR WHICH COMMITMENT CHARGE HAVE BEEN COLLECTED | Kshs. 1,000/- plus applicable swift charges per message | |
| 4 | Kshs. 1,000/- plus applicable swift charges per message | Fresh commitment Charge at the applicable rate per Quarter or part thereof Minimum Kshs. 1,000/- on the outstanding liability under LC | |
| 5 | FOR ENHANCEMENT OF THE VALUE OF LC | i. Kshs. 1,000/-per amendment for extending validity period beyond 3 months ii. Fresh Commitment charge, Minimum Kshs. 1,000/- for enhancement of value of LC iii. Both commitment and Usance Charge for additional liability |
|
| 6 | IN CASE OF AMENDMENT ALTERING THE TENOR OF THE BILL OF EXCHANGE | As above | |
| 7 | ANY AMENDMENT TO A LC, OTHER THAN EXTENSION OF ITS VALIDITY OR ENHANCEMENT OF ITS VALUE | Kshs. 1,000/- per amendment | |
| 8 | ANY REVIVAL OR REINSTATEMENT OF AN EXPIRED LC (SHALL BE AT THE OPTION OF THE BRANCH) WITHIN 3 MONTHS FROM THE DATE OF EXPIRY | Additional commitment and usance Charge shall be levied from the date of expiry till the validity period of revived LC | |
| 9 | DEVOLVEMENT/PAYMENT/ CRYSTALLIZATION OF IMPORT BILLS UNDER LETTER OF CREDIT | 0.25% plus applicable swift Charges Per message | |
| 10 | DISCREPANCY CHARGES | USD 25/- or equivalent per presentation | |
| 11 | CANCELLATION CHARGES | Kshs. 2,000/- |
| Sl No | Item Description | Customers -New Shcedule (Excl. Excise Duty @ 20 %) | Others -New Shcedule (Excl. Excise Duty @ 20 %) |
|---|---|---|---|
| 1 | i) ADVISING OF LC | Kshs. 500/- | |
| ii) ADVISING AMENDMENT OF LC | Kshs. 350/- | ||
| iii) ADDING OUR CONFIRMATION | 0.40% for 1st Quarter and 0.20% for each subsequent quarter & part thereof; Minimum Kshs. 1,000/- | For Non-Customers: 0.50% for 1st Quarter and 0.25% for each subsequent quarter & part thereof; Minimum Kshs. 1,500/- | |
| iv) ADVISING LC OR FOR ADVISING EACH AMENDMENT TO THE BENEFICIARY THROUGH ANOTHER BANK I.E. NON CUSTOMER | For Non-Customers: Flat rate Kshs. 250.00 in addition to (i) (ii) and (iii) above | ||
| 2 | EXPORT BILL PURCHASED/ DISCOUNTED/ NEGOTIATED- COMMISSION | i. Up to USD 10,000/- - Kshs. 1,000/- ii. Above USD 10,000/- - Kshs. 1,000/- for next USD 10,000/- each (plus SWIFT charges as applicable and postage on actual basis) |
| Sl No | Item Description | Customers -New Shcedule (Excl. Excise Duty @ 20 %) | Others -New Shcedule (Excl. Excise Duty @ 20 %) |
|---|---|---|---|
| 1 | OPENING/COMMITMENT CHARGE (FOR FULL VALIDITY OF THE CREDIT I.E. FROM THE DATE OF OPENING OF THE LC TO THE LAST DATE OF ITS VALIDITY) MINIMUM FOR ONE QUARTER | i. 0.50% up to 3 months ii. 0.30% pm if above 3 months | |
| 2 | USANCE CHARGE | 0.30% per quarter or part thereof | |
| 3 | LC IS ENHANCED/ EXTENDED SUBSEQUENTLY | Same as opening subject to Minimum Kshs. 500/- | |
| 4 | AMENDMENT OTHER THAN ABOVE | Kshs. 300/- | |
| 5 | CANCELLATION | Kshs. 2,000/- | |
| BANK GUARANTEE | Foreign BG | Inland BG | |
| 1 | SECURED BY FDR/ CASH IRRESPECTIVE OF TYPE OF BG | 0.25% per quarter, Minimum Kshs. 350/- | 0.25% per quarter, Minimum Kshs. 350/- |
| 2 | UNSECURED/ PARTLY SECURED IRRESPECTIVE OF TYPE OF BG | 0.85% per quarter, Minimum Kshs. 350/- | 0.85% per quarter, Minimum Kshs. 350/- |
| 3 | SECURED BY PROPERTY | 0.55% per quarter | 0.50% per quarter, Minimum Kshs. 700/- |
| 4 | SECURED BY LETTER OF COMFORT OF OUR BRANCHES AND OTHER BANKS | 0.35% per quarter & part there of, irrespective of type |
| Sl No | Item Description | Customers -New Shcedule (Excl. Excise Duty @ 20 %) | Others -New Shcedule (Excl. Excise Duty @ 20 %) |
|---|---|---|---|
| 1 | PROPOSAL PROCESSING CHARGES | A. New Proposal i. Fund based - 1% p.a. ii. Non-fund based - 0.50% p.a. iii. Housing Loans & Loan Against Property - 1% one time B. Annual Review a. Fund based-- i. OD limits - 1% p.a. ii. Term Loans - 0.50% p.a. b. Non-fund based 0.50% p.a. |
|
| 2 | PRE-CLOSURE CHARGES FOR ADVANCES (ON ACCOUNT OF TAKE OVER/ SHIFTING TO OTHER BANK/FI BEFORE FULL TENURE OF LOAN/ FACILITY) | 0.50 % of Outstanding Balance | |
| 3 | LATE PAYMENT FEE ON LOAN INSTALLMENTS /OVERDRAWN AMOUNT | 1.00 % per month, of the Overdue Installment / Overdrawn Amount | |
| 4 | TEMPORARY OVER LIMIT (TOL)/ TEMPORARY OVER DRAFT(TOD) FEE | 2 % per annum of the TOD/TOL Amount |
| Sl No | Item Description | Customers -New Shcedule (Excl. Excise Duty @ 20 %) | Others -New Shcedule (Excl. Excise Duty @ 20 %) |
|---|---|---|---|
| 1 | FOR DOCUMENTS | Kshs. 1000/- for half year per document (to be paid in advance) | For Non-Customers : Kshs. 1500/- for half year per document (to be paid in advance) |
| 2 | FOR SEALED PACKETS | Per half year per packet: i. Small ( up to 200 Sq.cm ) - Kshs. 2,000/- ii. Medium (up to 400 Sq. cm) - Kshs. 2,500/- iii. Large (up to 600 Sq. cm) - Kshs. 3,000/- (to be paid in advance) |
For Non-Customers : Per half year per packet: i. Small ( up to 200 Sq.cm ) - Kshs. 2,500/- ii. Medium (up to 400 Sq. cm) - Kshs. 3,000/- iii. Large (up to 600 Sq. cm) - Kshs. 3,500/- (to be paid in advance) |
| 3 | LOCKER CHARGES | ||
| TYPE OF LOCKER | Charge per annum | For Staff 50 % concession in the locker Charges | |
| SIZE A | Kshs. 1,800/- | ||
| SIZE B | Kshs. 2,000/- | ||
| SIZE C | Kshs. 3,000/- | ||
| SIZE D | Kshs. 3,600/- | ||
| SIZE E | Kshs. 3,900/- | ||
| SIZE F | Kshs. 4,500/- | ||
| SIZE G | Kshs. 5,100/- | ||
| SIZE H | Kshs. 5,400/- | ||
| SIZE H-1 | Kshs. 5,400/- | ||
| SIZE I | Kshs. 6,000/- | ||
| 4 | CHARGES FOR RENT ARREARS OF LOCKER | 25% rent in arreas (Subject to maximum of 4 years) | |
| 5 | CHARGE FOR LOSS OF KEYS/ BREAKAGE OF LOCKER | Kshs. 5,000/- Note: Charge levied by Locker Company to be borne by the Locker Holder additionally |
Note: All Charges are exclusive of Taxes/Duties
OUR EXCHANGE RATE
LATEST NEWS
View All
