United Bank of India

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Remittance of funds by way of demand drafts or any other mode for value of Rs. 50,000 and above is to be effected by debit to the customer's account or against cheques and not against cash payment

Note: For account maintained on computer, 40 entries or part thereof be treated as one ledger folio.

Service charges on advances

Service Charges on Credit Related services. Excluding Retail Credit.

Processing Charges on working captital (inclusive of service tax)

Documentation Charges (inclusive of service tax)
* Where equitable mortgage charges are recovered, documentation charges will not be recovered.

i) Usance Charges According to the tenor of the bill at the rate of	i) 0.25% for the bills upto 7 days sight. ii)0.50% for bills over 7 days and upto 3 months’ sight. iii)0.50% for the first 3 months +0.25% per month in excess of three months, minimum Rs.300/-
ii) Commitment Charges for the period of liability (from the date of opening of credit to the last date of its validity.	At the rate of 0.25% for every period of 3 months or part thereof. Minimum Rs.100/-
iii) Commitment Charges for extended period.	If the extension does not run into a fresh period of 3 months, no commitment charge to be levied. If the extension run into a fresh period of 3 months charge @0.25% for further period of 3 months. Minimum Rs.225/-
iv) Amendment by way of increase in the value of LC	When the amount of credit is subsequently increased both usance and commitment chargees shall be made on the amounts so increased. The minimum charges shall be Rs.225/-
v) Amendment other than by way of extension of the validity period or increase in the value of L/C	Flat commission of Rs.225/-
vi) Revolving Letter of Credit	LC opening Charges plus on each reinstatement, usance charge according to tenor and commitment charges @0.25% will be charged on the reinstated amount. Minimum Rs.250/-
vii) Advising Inland Letter of Credit.	0.06% of each L/C with a minimum of Rs.500/-, if such credit does not carry the confirmation. Bank shall charge a flat commission of Rs.100/- for advising each amendment to L/C.
viii) Confirmation of Letter of Credit. If an advising Bank confirms a Correspondent’s credit, it should collect a commitment charge for the full validity of credit.	As per L/C opening charges.
ix) Transferable Letter of Credit.	Rs.270/- per transfer except when the name of the beneficiary is changed under instructions from opening Bank.
x) Negotiation Charges
For bills upto Rs.2.50 lac	@0.50% with a minimum of Rs.135/-
For Bills over Rs.2.50 lac	@0.30% minimum Rs.1000/-+ discount at applicable rate of interest from the date of negotiation to the date of reimbursement.
xi) Out of pocket expenses	All out of pocket expenses such as postages, telegrams, talex, cable charges, fax etc shall be collected from the beneficiary, unless otherwise specified.
xii) Guarantees on account of discrepancies in documents	The commission of 0.25%, with a minimum of Rs.500/- shall be charged for joining in customer’s guarantee and for giving guarantees on behalf of customers to others.
xiii) Clean payment received under L/C	A first charge of Rs.270/- will be levied by the beneficiary’s bank for receiving clean payment and crediting beneficiary’s account.
xiv) Certificates	When the beneficiary asks for attestation of commercial invoice at the time of negotiation /collection, such attestation may be done free of charges but should the beneficiary ask for attestation of invoices on a subsequent occasion then charge of Rs.20/- per invoice, minimum Rs.50/- should be levied on each and every occasion he finds it necessary to do so.
xv) Letter of credit issued against 100% cash margin	25% of the normal charges are to be levied.
xvi) Overdue Interest	Overdue interest is to be charged in case of default by the beneficiary to honour the commitment under L/C.

Service Charges on Retail Credit product.
Processing charges inclusive of service tax.

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