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Rates & Tariffs

 

Treasury Bill Rates

    TREASURY BILL RATES APPLICABLE FOR THE WEEK COMMENCING FROM 17.03.2023
Term  Yield P.A Price per Rs: 100/=
03 Months
(91 days)		 22.00% 94.7867 (Subject to availability)
06 Months
(182 days)		 21.75% 90.1917 (Subject to Availability)
12 Months
(364 days)

21.50%

82.3045 (Subject to availability)

 

 

 

INTEREST RATES FOR RUPEE – FIXED DEPOSITS

W.E.F 02.11.2022

1. FIXED DEPOSITS

Term

Interest Payment

Rates Per Annum

1 Month
(Minimum Rs. 500,000)

At Maturity

13.50%

3 Months
 

At Maturity

15.00%

6 Months
 

At Maturity

14.75%

 

1 Year
 

At
Maturity
Monthly

(General)
12.00%
11.75%

At
 

Maturity (Revised)
Monthly(Revised)

 

Senior Citizens
(General)

15.00%
14.06%
(Senior Citizens shall mean persons who are over 60 years)

Senior Citizens
(Special)

Suspended
Suspended
(Special Fixed Deposit Scheme suspended W.E.F. 01.10.2022 by Central Bank of Sri Lanka)

2 Years

At Maturity
Monthly
Annually

14.75%
14.25%
14.50%

3 Years

At Maturity
Monthly
Annually

15.00%
14.25%
14.50%

4 Years

At Maturity
Monthly
Annually

15.25%
14.25%
14.50%

5 Years

At Maturity
Monthly
Annually

15.50%
14.25%
14.50%

 

 

 

2. SEVEN DAYS CALL DEPOSIT 
 

Rate per Annum


Interest paid on withdrawals with 7 days’ Notice 


13.25%

 


3. BOC Special Deposit Scheme

This scheme has been terminated w.e.f. 31/01/2009 & existing deposit accounts should be renewed at prevailing 01 year fixed deposit (interest paid at maturity) interest rate on its maturity.

 


4. MOVING RATE FIXED DEPOSIT (MRFD) SCHEME **

 

Interest paid Monthly

Interest paid Annually

2 years

14.00%

14.50%

3 years

14.25%

14.75%

4 years

14.50%

15.00%

5 years

14.75%

15.25%

**Applicable only for existing Moving Rate Fixed Deposits.

 

5. SENIOR CITIZENS DEPOSIT SCHEME*** 

 

Rate per Annum

2 Years Senior Citizen Interest Paid  Monthly (Revised)

14.75%

***Applicable only for existing 2 Years Senior Citizen Interest Paid Monthly Deposits.

 

  INTEREST RATES FOR RUPEE – SAVINGS DEPOSITS                                              (Effective from 12th April 2022)
  1. SAVINGS CERTIFICATE                                           (Applicable only for existing Savings Certificate Deposits)
  Face Value Selling Price
  Term 6 Months 12 Months 24 Months
  Yield p.a. 5.00% 6.00% 7.00%
  Rs.; Rs. Rs. Rs.
  200.00 196.00 189.00 176.00
  500.00 488.00 472.00 439.00
  1,000.00 976.00 944.00 878.00
  5,000.00 4,879.00 4,717.00 4,386.00
  10,000.00 9,757.00 9,434.00 8,772.00
  25,000.00 24,391.00 23,585.00 21,930.00
  50,000.00 48,781.00 47,170.00 43,860.00
  100,000.00 97,561.00 94,340.00 87,720.00
   
  2. SAVINGS DEPOSIT ACCOUNT
  Ordinary Savings  3.00% p.a.
  Samurdhi Investment  3.25% p.a.
  18 + Youth Savings Account Scheme  3.50% p.a.
  14 + Teenagers' Savings Account Scheme 4.00% p.a.
  Kantha Ran Ginum  3.50% p.a.
  Ran Kekulu Ginum 4.50% p.a.
  Staff Voluntary Savings  3.50% p.a.
  Senior Citizens Savings  4.00% p.a.
   
  3. OTHER DEPOSIT SCHEMES
  National Pension Scheme now suspended
  National Endowment Scheme now suspended

 

*** Deposit liabilities have been insured with the Sri Lanka Deposit Insurance Scheme implemented by the Monetary Board on payment of applicable premium for compensation up to a maximum of Rs. 600,000 per depositor.

 

Important Notes

Senior Citizens shall mean persons who are over Sixty (60) years of age at the time of accepting or renewal of a deposit.

 

 

INTEREST RATES FOR FOREIGN CURRENCY SAVINGS DEPOSITS  -  W.E.F 01.01.2022

  
       

CURRENCY

   PFCA/ DFA /RGFCA/ IIA 

   BFCA/OIA

  
 

 U S DOLLARS

  2.00%

  0.75%

  

 STERLING POUNDS

  1.25%

  0.75%

  

 EURO

  0.40%

  0.25%

  

 JAPANESE YEN

  0.01%

  0.01%

  

 AUSTRALIAN DOLLARS

  1.00%

  0.50%

  

 NEW ZEALAND DOLLARS

  1.50%

  1.50%

  

 SWISS FRANCS

  0.40%

  0.40%

  

 CANADIAN DOLLARS

  0.50%

  0.50%

  

 SINGAPORE DOLLARS

  0.25%

  0.25%

  

 CHINESE RENMINBI 

  1.25%

  1.25%

  

 

INTEREST RATES FOR FOREIGN CURRENCY FIXED DEPOSITS -  W.E.F 01.01.2022

 

RATES OF INTEREST FOR PFCA/ DFA /IIA and SFNFDA FIXED DEPOSITS

        

U S DOLLARS - Revised

PERIOD

1 MONTH

3 MONTHS

6 MONTHS

12 MONTHS

12 MONTHS MONTHLY

12 MONTHS QUARTERLY

6.42%

6.45%

6.50%

6.61%

6.42%

6.45%

 

 

RATES OF INTEREST FOR PFCA FIXED DEPOSITS EXCEEDING ONE YEAR PERIOD 

       

U S DOLLARS - Revised

MONTHLY

ANNUALLY

AT MATURITY

2 YEAR

6.42%

6.61%

6.83%

3 YEAR

6.42%

6.61%

7.06%

4 YEAR

6.42%

6.61%

7.29%

5 YEAR

6.42%

6.61%

7.54%

 

 

RATES OF INTEREST FOR PFCA/ DFA /IIA and SFNFDA FIXED DEPOSITS

        

STERLING POUNDS - Revised

PERIOD

1 MONTH

3 MONTHS

6 MONTHS

12 MONTHS

12 MONTHS MONTHLY

12 MONTHS QUARTERLY

3.50%

4.50%

4.75%

5.00%

3.50%

4.5%*

 

*Minimum Deposit amount of GBP 50,000 is required where interest is paid monthly or quarterly.

 

EURO - Revised

PERIOD

  

1 Month

3 Months

6 Months

12 Months

  

3.50%

4.50%

4.75%

5.00%**

  
           

JAPANESE YEN

PERIOD

  

Amount

1 Month

3 Months

6 Months

12 Months

  

Up to 1,000,000

0.01%

0.01%

0.01%

0.01%

  

Over 1,000,001

0.01%

0.01%

0.01%

        0.01%**

  
           

AUSTRALIAN DOLLARS - Revised

PERIOD

  

1 Month

3 Months

6 Months

12 Months

  

3.50%

4.50%

4.75%

5.00%**

  
           

NEW ZEALAND DOLLARS

PERIOD

  

Amount

1 Month

3 Months

6 Months

12 Months

  

Up to 10,000

2.50%

2.75%

2.90%

3.00%

  

Over 10,001

2.60%

2.85%

3.00%

       3.10%**

  
           

SWISS FRANCS

PERIOD

  

Amount

1 Month

3 Months

6 Months

12 Months

  

Up to 10,000

0.70%

0.80%

0.90%

1.00%

  

Over 10,001

1.00%

1.05%

1.10%

        1.25% **

  
           

CANADIAN DOLLARS

PERIOD

  

Amount

1 Month

3 Months

6 Months

12 Months

  

Up to 10,000

1.75%

1.80%

1.90%

2.00%

  

Over 10,001

1.90%

1.95%

2.15%

        2.25%**

  
           

SINGAPORE DOLLARS

PERIOD

  

Amount

1 Month

3 Months

6 Months

12 Months

  

Up to 10,000

0.50%

0.85%

1.05%

1.25%

  

Over 10,001

0.90%

1.10%

1.30%

      1.50%**

  
           

CHINESE RENMINBI

PERIOD

  

Amount

1 Month

3 Months

6 Months

12 Months

  
 

Up to 50,000

1.50%

2.00%

2.25%

2.50%

  

Over 50,001

2.00%

2.50%

3.00%

      3.25%**

  

 

** Applicable for 3 year fixed deposits where interest is paid annually.

 

 

RATES OF INTEREST FOR BFCA and FCBU FIXED DEPOSITS

      

CURRENCY

PERIOD

1 MONTH

3 MONTHS

6 MONTHS

12 MONTHS

U S DOLLARS- Revised

6.42%

6.45%

6.50%

6.61%

STERLING POUNDS- Revised

3.50%

4.50%

4.75%

5.00%

EURO  - Revised

3.50%

4.50%

4.75%

5.00%

AUSTRALIAN DOLLARS - Revised

3.50%

4.50%

4.75%

5.00%

 

RATES OF INTEREST FOR BFCA FIXED DEPOSITS EXCEEDING ONE YEAR PERIOD

 

U S DOLLARS - Revised

  
 

PERIOD

AT MATURITY

  

2 YEAR

6.83%

  

3 YEAR

7.06%

  

4 YEAR

7.29%

  

5 YEAR

7.54%

  
     

 

  
     

RATES OF INTEREST FOR PFCA/ DFA***/IIA/ SFNFDA/ BFCA AND FCBU 7 DAY CALL DEPOSITS

 

CURRENCY

INTEREST RATE

  

USD - U S DOLLARS   

0.25%

  

GBP - STERLING POUNDS    

0.25%

  

EUR - EURO

0.05%

  

JPY - JAPANESE YEN 

0.005%

  

AUD - AUSTRALIAN DOLLARS

0.25%

  

NZD - NEW ZEALAND DOLLARS 

1.50%

  

CHF - SWISS FRANCS  

0.25%

  

CAD - CANADIAN DOLLARS

0.50%

  

SGD - SINGAPORE DOLLARS

0.25%

  

CNY - CHINESE RENMINBI 

0.75%

  

 

*** DFA 7 Day Call deposits interest rates are applicable only for accounts opened or to be opened in USD, GBP and EUR.

 

Special Notes
  • The revised interest rates are based on Monetary Law Act order No 03 of 2021 issued on 30th December 2021 by Monetary Board of Central Bank of Sri Lanka.

 

Personal Loans

- Revised ROIs will be applied only for new loans granted from the effective date (05.10.2022).

- No personal loan facilities will be granted with fixed ROI scenario

- ROI of all personal loans will be based on quarterly AWPLR

Personal Loans

BOC Personal Loan Scheme

Upto 5 Years : 27.25%
Above 5 Years and Upto 7 Years : 28.5%

BOC Special Personal Loan Scheme

Upto 5 Years : 27.25%
Above 5 Years and Upto 7 Years : 28.5%

"BOC Abhimana" - Government Pensioners Loan Scheme

Upto 5 Years   : 26.25%
Upto 7 Years   : 27.50%
Upto 15 Years : 30.00%

 

 

 

Housing Loans

 

BOC Housing Loan

  
 

Type of the Housing Loan/ Eligible Amount

Repayment Period

Variable ROI
(p.a.)

Fixed ROI
(p.a.)

 

Aggregate Housing Loan amount

up to Rs. 5.0 Mn

Up to 5 Years

Quarterly AWPLR+ 3.0%

(Floor rate of 20.00 %)

-

 

Maximum up to 10 Years

-

 

BOC Housing Loan
(Above 5.0 Mn)

Up to 10 Years

Quarterly AWPLR+ 3.25%

-

 

Above 10 Years

Quarterly AWPLR+ 3.50%

-

 

Special Housing Loan

Up to 10 Years

Quarterly AWPLR+ 3.00%

-

 

Above 10 Years

Quarterly AWPLR+ 3.25%

-

 

Floor Rate (for above Housing Loans)

21.00%

N/A

 

 

Educational Loans

Comprehensive Educational Loan

Up to 5 Years -
Monthly AWPLR + 3.0% p.a.
subject to floor rate of 22.00 % p.a

Up to 7 Years -
Months AWPLR + 3.5% p.a.
subject to floor rate of 24.00 % p.a.
 

Leasing

Min Rate ( % )

Max Rate ( % )

Motor Vehicle - Unregistered

25.00%

28.50%

Motor Vehicle Registered

27.00%

29.25%

Machinery

28.50%

28.50%

 

Development Loans
 

Min Rate %

Max Rate %

Agriculture/ Agri Processing/ Animal Husbandry & Fisheries

11.50%

30.75%

Tourism/ Construction

6 month AWPLR

Subject to a floor rate of 16.00%

32.75%

Other Industry/ Plantation

6 month AWPLR

Subject to a floor rate of 16.00%

31.00%

Trading/Consumption/Services & Others 

6 month AWPLR

Subject to a floor rate of 16.00%

33.00%

Self-Employment

11.50%

30.75%

Government and other institutions funded credit schemes are available at lower rate starting from 2.0 % p.a.

 

 

 

Other Loans and Advances

Min Rate ( % )

Max Rate ( % )

Pawning

26.00%

26.00%

Credit Cards

36.00%

36.00%

Unsecured Overdrafts

32.00%

36.00%

Bill Discounting - Local

32.00%

32.00%

Export Loans

26.50%

28.75%

Import Loans

31%

34.00%

Conditions Apply

 

 

4.0 Digital Banking Products Tariff
4.1 Credit Cards  
4.1.1 Joining Fees Principal
Supplementary
Visa Platinum Rs.1,500/-
Rs.1,200/-
State Sector Master Platinum Free of Charge
Master Titanium Rs.1,000/-
Rs. 750/-
Master World Rs.1,500/-
Rs.1,200/-
State Sector Master World Free of Charge
Visa Gold Rs.1,500/-
Rs.1,200/-
Visa Classic Rs.1,000/-
Rs.750/-
GMOA Free of Charge
BOC Shopping Card (Proprietary Card) Rs.200/-
Rs.200/-
4.1.2 Annual Fees Principal
Supplementary
Visa Platinum Rs.3,500/-
Rs.2,000/-
State Sector Master Platinum Rs.1,500/-
Master Titanium Rs.1,500/-
Rs.1,000/-
Master World Rs.3,500/-
Rs.2,000/-
State Sector Master World Rs.2,500/-
Visa Gold Rs.2,500/-
Rs.1,500/-
Visa Classic Rs.1,500/-
Rs.1,000/-
GMOA Free of Charge
BOC Shopping Card (Proprietary Card) Rs.200/-
Rs.100/-
4.1.3 Other Fees and Charges  
Interest Rate 3 % per Month
Interest on cash advance 3 % per Month
Temporary limit enhancement fee Rs.1,000/-
Limit enhancement fee Rs.1,000/-
Card reactivation fee for blocked cards Rs.1,000/-
Late payment fee Rs.900/-
One hour service fee N/A
One day service fee N/A
Over limit fee Rs.600/-
SMS Alert Fee for Credit Card transactions Free of Charge
4.1.3 Other Fees and Charges - contd.  
Issue of P.O. Handling Charges for merchant settlement Rs.300/- Per Pay Order
CRIB inquiry charges at Card Center (create history) Nil
Cash advance fee 4 % Min. Rs. 300/-
Card replacement fee Rs.750/-
PIN re-issue fee Rs.500/-
Card security change fee Rs.500/-
Overseas courier charges Minimum Rs.2,500/ or actual charges which ever is higher
Cheque return notifications (cheques collected on account of card settlement) Rs.1,000/-
Credit Card limit confirmation letters issued for Visa purposes / any other purposes Same Day Rs.1,000/- Normal Rs.1,000/-
Credit Card balance confirmation Letters to Other Banks/Auditors/Card holders Rs.1,000/-
Issue of duplicate statement- card holder  
Monthly statement up to 06 months Rs. 200/- (per statement)
Monthly statement after 06 months Rs. 300/- (per statement)
Issue of Merchant Original Statement (hard Copy) Rs.3,000/- per Month
Issue of duplicate statement- merchant (hard copy)
(fee per daily statement)
Up to 06 months
06 months to 12 months
Over 12 months

Rs.100/- Max. Rs.5,000/-
Rs.200/- Max. Rs.7,500/-
Rs.300/- Max. Rs.10,000/-
Issue of duplicate statement- merchant (soft copy)
(fee per daily statement)
Up to 03 months
03 months to 06 months
06 months to 12 months
Over 12 months

Free of charge
Rs.100/- Max. Rs.2,500/-
Rs.200/- Max. Rs.5,000/-
Rs.300/- Max. Rs.7,500/-
4.2 Debit Cards  
Joining Fee (Excluding 14+, FCY A/Cs & Prestige Plus C/A)
Name Card (Embosed) (First Card)
Unembosed Card (First Card)
Rs.750/-
Rs.500/-
Annual Fee (Excluding 14+, FCY A/Cs & Prestige Plus C/A) Rs.500/-
Renewal or Replacement Card
Name Card (Embosed)
Unembosed Card
Rs.750/-
Rs.500
Reactivation Fee of stopped cards Rs.100/-
Limit Enhancement Fee Rs.100/-
Debit card overseas use fee ATMs Rs. 500/-
4.3 ATM Services  
4.3.1 Debit/ ATM Transactions performed on BOC ATMs  
ATM Cash withdrawal fee Rs.5/-
ATM Balance Inquiry fee Free of charge
Printing Receipt for Cash withdrawal / Balance inquiry Rs. 5/-
Mini statement Rs. 5/-
4.3.2 Debit/ ATM Transactions performed on LankaPay ATMs  
ATM Cash withdrawal fee Rs.30/-
ATM Balance Inquiry Rs.7/50
4.3.3 Debit/ ATM Transactions performed on local Visa Master network  
ATM cash withdrawal fee Rs.75/-
ATM balance inquiry fee Rs.7.50
4.3.4 Foreign Access Fee (use of foreign cards in domestic ATMs)  
Foreign Access Fee- Cash Withdrawal Rs. 500/-
Foreign Access Fee- Balance Inquiry Rs. 100/-
4.4 Internet Banking  
Joining Fee Corporate Customers


Personal Customers		 Rs.1,000/-
(Rs.500/- for each additional user when exceeding 03 users)
Free of charge
Annual Fee Corporate Customers
Personal Customer		 Rs.2,000/-
Rs.500/-
Fund Transfers  
CEFT - Internet Banking Rs.30/-
SLIPS - Internet Banking Rs.20/-
e-receipt confirmation from the Bank Rs.50/-

 

 

Nature of Transaction - Current Accounts Tariff
1.1 Monthly Service Charge: For both credit & debit balances
Corporate Customer - Monthly Minimum Balance < Rs 250,000/- Rs. 2,000/- per month
Business Customer - Monthly Minimum Balance < Rs 15,000/- Rs. 1,000/- per month
Personal Customer (Trading) - Monthly Minimum Balance < Rs 7,500/- Rs. 500/- per month
Personal Customer (Non Trading) - Monthly Minimum Balance < Rs 7,500/- Rs. 200/- per month
1.2 Minimum O/D Interest (Will be applicable if the amount overdrawn falls below the minimum balance requirement)
Corporate Customer Rs. 2,000/- per month
Business Customer Rs. 1,000/- per month
Personal Customer (Trading) Rs. 500/- per month
Personal Customer (Non Trading) Rs. 400/- per month
1.3 Outward Cheque Returns – Inward Clearing
Due to Lack of Funds (Cash/ Clearing)
Charges to drawer - Paying Bank		 Rs. 3,000/-
Effects Not Realized Rs. 750/-
Technical Reasons (except Bank faults/ lapses)
[CRN Codes - 14,55,57,58,59,60,62]		 Rs. 250/-
Cheque Return Notification Charges – (CRN)
Cheque Return Code 1 & 2


Cheque Return Code - 14,15,16,52,55,56,57,58,60 & 62
Invalid Cheque
1st Return – Rs. 250/-
2nd Return – Rs. 500/-

Rs. 250/-
Rs. 250/-
1.4 Inward Cheque Returns - Outward Clearing
Cheque Return Notification Charges (CRN) – Outward Cheques
[CRN Codes 1,2,10,12,13,50,59,61,63,64,65 & 66]
Postage 		 Rs. 100/-

Actual charge
1.5 Request of Archived Physical Cheque/ Image
Physical Cheque Retrival Rs. 400/- (per chq)
Retrival of Physical Cheque from archave Rs. 600/- (per chq) and
Actual Charges
Requested by Court Orders (addressed to BOC directly) Free of Charge
CRN Images Within 1st Month
02 to 06 Months
Over 06 Months
Over 06 years		 Rs. 50/-
Rs. 75/-
Rs. 150/-
Rs. 200/-
1.6 Stop Payments (Corporate/ Business/ Personal Customers)
If funds available at the time of request Rs. 500/- per chq
If funds not available at the time of request Rs. 4,000/- per chq
Lost cheque book or part Rs. 3,500/- per chq. book
1.7 Current Account Statements – Per month
Daily Statements Rs. 3,500/-
Corporate Customer Rs. 5,000/-
Weekly Statements Rs. 2,000/-
Corporate Customer Rs. 2,500/-
Monthly Statements Free of charge
E-Statements (Any frequency) Free of charge
1.8 Duplicate Copies of Statements (Printed copies)
Within 06 years From Branch:
First 3 Pagers - Rs. 100/- pp
over 3 pages - Rs. 250 /- pp
Corporate Branch: First 3 Pagers - Rs. 250/- pp
over 3 pages - Rs. 200 /- pp
From CBO:
(Statement in Standard Sheet) Rs. 250/- pp
Over 06 Years Rs. 1,500/- per page
Duplicate Email copies for E- Statements Customers Rs. 100/-
Statement for Closed Accounts from CBO
Within 06 Years
Over 06 Years
Rs.250/- PP,
Rs. 1,500/- PP
Rs. 2,500/- of Handling Fee
1.9 Cheques Purchasing
Local Cheques Purchased (Conditions Apply) 0.75% of Transaction Amount
Min. Rs. 1,500/-
Salary Cheques drawn by the Government of Sri Lanka
(Central Government Accounts)		 No charge
1.10 Cheque Marking For Payment
(a) Inward (As Paying Bank) Rs. 4,000/-
(b) Outward (As Collecting Bank) 0.15% Min. Rs. 4,000/-
1.11 Cost of Cheque Books
25 leaves Rs. 500/-
50 leaves Rs. 1,000/-
Continuous Cheque Leaves Rs. 20 Per Cheque Leaf and
Actual Printing Charges
Postage Actual cost
1.12 Closure of Current Accounts
Corporate Customer Rs. 1,500/-
Business/ Personal Customer Rs. 750/-
1.13 Preparation of Cash Orders
Same day 0.3% Min. Rs. 5,000/-
Next working day 0.25% Min. Rs. 5,000/-
Over the counter (Over Rs. 1,000,000/- More than 3 Denominations) Per Denomination
0.3% Min. Rs. 3,000/-
Bankers' Orders 0.25%
Transport Actual cost
1.14 Confirmation of Account Balances
Balance confirmation letters Rs. 1,000/- per query
1.15 Agreement Execution
Execution of Escrow Agreements
Execution Fee
Annual Fee
Rs. 750,000/- (One Off)
Rs. 150,000/-
Execution of Tri-Partite Agreements
in line with Non Resident Rupee Accounts (NRRA)
Execution Fee

Rs. 500,000/-

 

 

2.0 Savings Accounts and Fixed deposits Tariff
2.1 Monthly Service Charge: (Based on the Average Balance maintained)
Ordinary Savings/ Mudaraba Savings < Rs. 1,500/- Rs. 25/- per month
Other Savings Schemes (Except all Minor A/Cs) < Rs. 500/- Rs. 25/- per month
Ordinary Savings Non Personal < Rs. 10,000/- Rs. 25/- per month
Islamic Banking Savings Products < Rs. 1,500/-
(Except all Minor A/Cs)		 Rs. 25/- per month
Ran Ulpatha Free of charge
School Sansada Free of charge
2.2 Closure of Accounts
Savings Account Closure Rs. 200/-
2.3 Savings Account Statements (For Non Passbook issueing Accounts )
Monthly Free of charge
Daily Corporate/ Business/ Personal Customer Rs. 4,000/- per month
Weekly Corporate Customer
Business/ Personal Customer		 Rs. 3,000/- per month
Rs. 1,500/- per month
E-Statements at any frequency Free of charge
2.4 Issuance of Duplicate Savings Account Statements – (Printed Copies of Statements for Audit/ VISA Purposes etc.)
Within 06 years Corporate/ Business/ Personal Customer Rs. 500/- per page
Over 06 Years Corporate Customer
Business/ Personal Customer		 Rs. 1,500/- per page
Rs. 1,500/- per page
Duplicate Email copies for E- Statements Customers Rs. 100/-
Foreign Currency Accounts Free of charge
2.5 Issuance of Duplicate Passbook/ FD Receipt (In case of lost )
Re-issuance of Passbook Rs. 500/-
Re-issuance of Fixed Deposit Receipt/ Savings certificates
(Smart Investor, Smart Saver, Smart Lady etc.)		 Rs. 2,000/-
2.6 Confirmation of Account Balances - for Audit / VISA / Tax Purposes etc.
Balance Confirmation Letters on Deposit / Loan Account Rs. 1,000/- per query
2.7 Preparation of Cash Orders  
Refer Section 1.13 of Current Account Tariff  

 

 

3.0 General Operations Tariff
3.1 Issuance of Official Cheques (Pay orders/ Bank Drafts)
3.1.1 Issuance of Pay Orders/ Bank drafts (Unless special arrangements are made)
BOC Customer 0.06% Min.- Rs. 300/- Max.- Rs. 1,500/-
Non BOC Customer 0.06% Min.- Rs. 1,000/- Max.- Rs. 3,000/-
3.1.2 Issuance of Pay Orders in favour of Director General of Customs (DGC)
BOC Customer Rs. 300/-
Non BOC Customer Rs. 1,500/-
Online DGC payment Facility Free of Charge
3.1.3 Pay Order Cancellation
Cancellation with surrendering Pay Order Rs. 250/- per transaction
Cancellation without surrendering Pay Order Rs. 1,500/- per transaction
Re – Issuance of Pay Orders (with/ without surrendering P/O) Issuance fee as new Pay Order issuance
3.2 Standing Instructions
3.2.1 Standing Orders Registrations and Funds Transfers
Registration Rs. 200/- (Excluding all benificiary children's savings products with in BOC)
Transfer to customer's own Savings/ Current A/C /Credit Card within BOC Free of Charge
3.2.2 Standing Orders to Third Party BOC/ other Banks/ Institutions (excluding all benificiary children's savings products with in BOC)
Payment through system
Payment through pay order		 Rs. 50/- per payment
Rs. 300/- per payment
(Actual postage will be applicable)
3.2.3 Standing Order Cancellation
Lack of funds on 03 consecutive occasions Rs. 100/-
Un successful Payment ( within 03 days) Rs. 50/- per payment
3.3 Funds Transfers
3.3.1 Fund Transfers/ Payments – Through System
SLIPS – per file Rs. 15/- per transaction Min. Rs. 75/-
(05 items)
SLIPS – manually operated Rs. 20/- per transaction Min. Rs. 50/-
RTGS Rs. 400/- per transaction
3.3.2 Manual Fund Transfers within BOC
Between Customer's own BOC Accounts (Retail Segmant) Rs. 100/- per transaction
To Third Party Account (Retail Segmant) Rs. 200/- per transaction
Corporate to Corporate customer 0.1% Min Rs. 200/- Max Rs. 2,000/-
Corporate to Other Branches 0.2% Min Rs. 200/- Max Rs. 2,000/-
Payable over the counter (Mail Transfers) 0.30% Min. Rs. 1,000/- Max. Rs. 10,000/-
Frequent fund transfers and same day cash withdrawals (Over Rs. 1,000,000/-) 0.25% Max. Rs. 4,000/-
3.4 Safe Deposit Lockers
Small Rs. 75,000/- Rs. 3,500/-
Medium Rs. 100,000/- Rs. 5,000/-
Large Rs. 125,000/- Rs. 6,000/-
Extra Large Rs. 150,000/- Rs. 7,500/-
Super Large Rs. 200,000/- Rs. 10,000/-
Re-issuance of Keys (In case of Lost/ damage) Actual Cost and Rs. 1,000/- of Handling Fee
3.5 Utility Bill Payments
Ceylon Electricity Board Rs. 20/- per transaction
3.6 Collection Accounts
On Collection of Funds Refer relevant OICs/ Circular Letters
Funds transfer to other Bank
(From Collection A/C to customers main A/C at other bank)		 0.25% per transfer/ Investment
Min. Rs. 10,000/-
3.7 SMS Alerts Facility
Personal (Trading/ Non Trading) Accounts
Up to 20 SMS
21 - 75 SMS
76 and more SMS
Rs. 10/-
Rs. 50/-
Rs. 100/-
Business Accounts Up to 200 SMS
201 and more SMS		 Rs. 100/-
Rs. 500/-

 

 

4.0 Digital Banking Products Tariff
4.1 Credit Cards  
4.1.1 Joining Fees Principal
Supplementary
Visa Platinum Rs.1,500/-
Rs.1,200/-
State Sector Master Platinum Free of Charge
Master Titanium Rs.1,000/-
Rs. 750/-
Master World Rs.1,500/-
Rs.1,200/-
State Sector Master World Free of Charge
Visa Gold Rs.1,500/-
Rs.1,200/-
Visa Classic Rs.1,000/-
Rs.750/-
GMOA Free of Charge
BOC Shopping Card (Proprietary Card) Rs.200/-
Rs.200/-
4.1.2 Annual Fees Principal
Supplementary
Visa Platinum Rs.3,500/-
Rs.2,000/-
State Sector Master Platinum Rs.1,500/-
Master Titanium Rs.1,500/-
Rs.1,000/-
Master World Rs.3,500/-
Rs.2,000/-
State Sector Master World Rs.2,500/-
Visa Gold Rs.2,500/-
Rs.1,500/-
Visa Classic Rs.1,500/-
Rs.1,000/-
GMOA Free of Charge
BOC Shopping Card (Proprietary Card) Rs.200/-
Rs.100/-
4.1.3 Other Fees and Charges  
Interest Rate 3 % per Month
Interest on cash advance 3 % per Month
Temporary limit enhancement fee Rs.1,000/-
Limit enhancement fee Rs.1,000/-
Card reactivation fee for blocked cards Rs.1,000/-
Late payment fee Rs.900/-
One hour service fee N/A
One day service fee N/A
Over limit fee Rs.600/-
SMS Alert Fee for Credit Card transactions Free of Charge
Issue of P.O. Handling Charges for merchant settlement Rs.300/- Per Pay Order
CRIB inquiry charges at Card Center (create history) Nil
Cash advance fee 4 % Min. Rs. 300/-
Card replacement fee Rs.750/-
PIN re-issue fee Rs.500/-
Card security change fee Rs.500/-
Overseas courier charges Minimum Rs.2,500/ or actual charges which ever is higher
Cheque return notifications (cheques collected on account of card settlement) Rs.1,000/-
Credit Card limit confirmation letters issued for Visa purposes / any other purposes Same Day Rs.1,000/- Normal Rs.1,000/-
Credit Card balance confirmation Letters to Other Banks/Auditors/Card holders Rs.1,000/-
Issue of duplicate statement- card holder  
Monthly statement up to 06 months Rs. 200/- (per statement)
Monthly statement after 06 months Rs. 300/- (per statement)
Issue of Merchant Original Statement (hard Copy) Rs.3,000/- per Month
Issue of duplicate statement- merchant (hard copy)
(fee per daily statement)
Up to 06 months
06 months to 12 months
Over 12 months

Rs.100/- Max. Rs.5,000/-
Rs.200/- Max. Rs.7,500/-
Rs.300/- Max. Rs.10,000/-
Issue of duplicate statement- merchant (soft copy)
(fee per daily statement)
Up to 03 months
03 months to 06 months
06 months to 12 months
Over 12 months

Free of charge
Rs.100/- Max. Rs.2,500/-
Rs.200/- Max. Rs.5,000/-
Rs.300/- Max. Rs.7,500/-
4.2 Debit Cards  
Joining Fee (Excluding 14+, FCY A/Cs & Prestige Plus C/A)
Name Card (Embosed) (First Card)
Unembosed Card (First Card)
Rs.750/-
Rs.500/-
Annual Fee (Excluding 14+, FCY A/Cs & Prestige Plus C/A) Rs.500/-
Renewal or Replacement Card
Name Card (Embosed)
Unembosed Card
Rs.750/-
Rs.500
Reactivation Fee of stopped cards Rs.100/-
Limit Enhancement Fee Rs.100/-
Debit card overseas use fee ATMs Rs. 500/-
4.3 ATM Services  
4.3.1 Debit/ ATM Transactions performed on BOC ATMs  
ATM Cash withdrawal fee Rs.5/-
ATM Balance Inquiry fee Free of charge
Printing Receipt for Cash withdrawal / Balance inquiry Rs. 5/-
Mini statement Rs. 5/-
4.3.2 Debit/ ATM Transactions performed on LankaPay ATMs  
ATM Cash withdrawal fee Rs.30/-
ATM Balance Inquiry Rs.7/50
4.3.3 Debit/ ATM Transactions performed on local Visa Master network  
ATM cash withdrawal fee Rs.75/-
ATM balance inquiry fee Rs.7.50
4.3.4 Foreign Access Fee (use of foreign cards in domestic ATMs)  
Foreign Access Fee- Cash Withdrawal Rs. 500/-
Foreign Access Fee- Balance Inquiry Rs. 100/-
4.4 Internet Banking  
Joining Fee Corporate Customers


Personal Customers		 Rs.1,000/-
(Rs.500/- for each additional user when exceeding 03 users)
Free of charge
Annual Fee Corporate Customers
Personal Customer		 Rs.2,000/-
Rs.500/-
Fund Transfers  
CEFT - Internet Banking Rs.30/-
SLIPS - Internet Banking Rs.20/-
e-receipt confirmation from the Bank Rs.50/-

 

 

5.0 Credit Operations Tariff
5.1 Service Charge for CRIB inquiry (including Credit Information Bureau Charges)
Inquiry from CRIB
Personal & Business Customers
Corporate Customers
Rs. 300/-
Rs. 700/-
5.2 Credit Facilities (other than the Development Lending Schemes) - Processing of Application & Documentation Charges
Personal and Commercial (Term) Loans below Rs. 50,000/-  
A.    Cash backed Security Rs. 300/-
B.    Other Collateral Rs. 1,000/-
Personal and Commercial (Term) Loans above Rs. 50,001/-  
A.   Cash backed Security
Personal
Business & Corporate
0.5% Min. Rs.500/- Max. Rs. 1,000/-
0.5% Min. Rs. 1,000/- Max. Rs. 10,000/-
B.  Mortgage over  Immovable Property
Personal Customers
Business Customers
0.8% Min. Rs.2,000/- Max. Rs. 250,000/-
0.8% Min. Rs.5,000/- Max. Rs. 250,000/-
C.  Other Collateral
Personal Customers
Business Customers
0.8% Min. Rs.2,000/- Max. Rs. 200,000/-
0.8% Min. Rs.5,000/- Max. Rs. 200,000/-
Housing loans (in addition to the actual expenses i.e. Valuation/Title etc.)
BOC Housing Loans 0.8% Min. Rs. 1,000/- Max. Rs. 25,000/-
Govt. Housing Loans 0.8% Min. Rs. 1,000/- Max. Rs. 10,000/-
Personal ,Govt Pensiones' and BOC Pensioners' Loans  
Facilities up to Rs 5,000,000 /- 0.8% Min. Rs. 2,,000/- Max. Rs. 20,000/-
Facilities from Rs 5,000,001/- to Rs 10,000,000/- 0.8% Min. Rs. 2,,000/- Max. Rs. 30,000/-
Facilities from Rs 10,000,001/- and above 0.8% Min. Rs. 2,,000/- Max. Rs. 50,000/-
Pledge & TR Facilities (New Loans & Top Ups )  
Pledge Loans 0.4% Min. Rs. 10,000/- Max. Rs. 500,000/-
Trust Receipts Loans 0.5% Min. Rs. 25,000/- Max. Rs. 500,000/-
5.3 Credit Facilities under Development Lending Schemes  
Credit Facilities of Rs. 100,000/- and below
Processing of application and Documentation Charges		 Rs. 500/-
Credit Facilities of Rs. 100,001/- and above
Processing of application and Documentation Charges		 Up to Rs. 1.0 Mn 0.5% Min. Rs. 500/-
Rs. 1 Mn to Rs. 5 Mn 0.5% Max. Rs. 12,500/-
Above Rs. 5 Mn 0.5% Max. Rs. 20,000/-
5.4 Temporary Overdrafts  
Personal, Business and Corporate Customers

 		 Up to Rs. 4,999 /- Rs. 100/-
Rs. 5,000/- to Rs. 99,999/- Rs. 1,000/-
Rs. 100,000/- to Rs. 499,999/- Rs. 2,000/-
Rs. 500,000/- to Rs. 999,999/- Rs. 5,000/-
Rs. 1,000,000/- and above Rs 10,000/-
Extention of TOD 0.08% Min Rs.1000/- Max Rs.10,000/-
5.5 BOC Leasing  
Documentation & Service Charges (Up front) Up to Rs. 5.0 Mn Rs. 7,500/-
Above Rs.5.0 Mn Rs. 10,000/-
Termination Fee Free of charge
5.6 Issuance of Local Guarantees/ Counter Guarantees/ Stand by Letter of Credits  
Against cash backed securities
(i.e. 100% cash in non interest bearing account/ Margin Account)		 1% per annum (0.25% per quarter or part thereof)
Minimum Rs. 5,000/-
Against cash backed securities
(i.e. 100% cash in interest bearing accounts - Savings/ FDs/ FC accounts etc.)		 1.5% per annum (0.5% per quarter or part thereof)
Minimum Rs. 5,000/-
Against Immovable Property (In addition to documentation charges) 2.5% per annum
(0.625% per quarter or part thereof)
Minimum Rs. 5,000/-
Personal Guarantee/ Indemnity (In addition to documentation charges) 3% per annum
(0.75% per quarter or part thereof)
Minimum Rs. 5,000/-
Amendment to the Guarantee (A) Extension of validity or increase of value -
Commission Rates applicable under issuance
of Guarantee
(B) Other Amendments
Commission Rs. 5,000/-
Issuence Guarantee Draft (From 2nd onward) Rs. 2,000/- per letter
SWIFT Chargers Rs. 1,500/-
5.7 Isuance of credit line letters Rs. 15,000/- per letter
5.8 Early settlement Charges- Full Settlement or part there of

For BOC Personal Loans , BOC Housing Loans & Pensioners' Loans excluding development loans/Fully secured loans
Within 3 years from the date loan granted 3% on balance outstanding
Above 3 years and up to 5 years 2% on balance outstanding
Above 5 years from the date loan granted 1% on balance outstanding
Penal interest not exceeding 200 basic point p.a. for the arreas capital (Except pawning and credit cards)
For Term and Business Loans (full or part settlement ) excluding Development Banking Loans
Within 3 years from the date of loan granted 1% on settlement amount at the time of full settlement or part there off
For Development Loans Not Applicable
5.9 Inspection Charges
Inspection charges Actual Traveling Cost

 

 
 
 
 
 

 

1.0 OUTWARD REMITTANCES

 

 

ISSUANCE OF FOREIGN CURRENCY NOTES                 1.5% of value. (Minimum LKR 1,000/-)         

 

TELEGRAPHIC / SWIFT TRANSFERS  * 

(A) Educational payments             0.5% of the value (Min LKR 3,000/- Max. LKR 15,000/-)

(B) Imports and other payments    1.0% of the value (Min LKR 3,000/-)

                                           (SWIFT & postage charges are applicable)

 

ISSUANCE OF FOREIGN DRAFTS

 

(A) Education payments                       0.5% of the value (Min. LKR 3,000/- Max. LKR 15,000/-)             

(B) Imports and other payments           1.0% of the value (Min LKR 3,000/-)
                                                             (SWIFT Charges and correspondent banking charges are applicable)

 

(C)   Cancellation of drafts issued by BOC  

                                       If instrument is surrendered                LKR 600/-

                                       If instrument is not surrendered           LKR 350/-
                                                                                                     (SWIFT Charges and correspondent banking charges are applicable)                                                                                                                                          

 

 

 

 Multi Currency Travel card

  

  • (A) Issue (Any Currency)                                     Commission          1.5% of the value   (Min LKR 1,000/-)
                                                                           Issuing fee             LKR 3,000/-
                                                                           (Applicable from card pack ID 000P010000013114)  

        

  • (B) Card cancellation fee                               LKR 1,000/-

 

  • (C)  ATM (International) For GBP                 GBP 2.50
           Fee per withdrawal                             Other Currencies   USD 3/-
           (Additional fees may apply according to the overseas ATM charges)

 

  • (D)   ATM (International)                   For GBP                 GBP 0.40

                    Balance inquiry fee                    Other Currencies   USD 0.50

 

  • (E)   Card replacement fee USD 8/-
  • (F)   Pin reissuance fee                                                                USD 3/-
  • (G)   E Statement regeneration fee                                              USD 0.25
  • (H)   Emergency card replacement fee                                        USD 23/-
            (To dispatch through courier service)
  • (I)    Card renewal fee (Applicable in every 4 years)                    LKR 3,000/-
  • (J)    Travel insurence/ balance confirmation letters issuing fee  LKR 3,000/-

 

            FOR FURTHER COMMISSIONS, PLEASE CONTACT SENIOR MANAGER (TRAVEL DEPARTMENT) – 011 2203170

 

 

2.0 INWARD REMITTANCES

                                                                                                                                                                                                                                                                                            

Inward remittances to Bank of Ceylon

  

                     Over the counter cash payments by identification of customer                              Commission           LKR 150/-

                     Remittances to BOC LKR accounts                                                                        Commission           LKR 100/-

                     Remittances to foreign currency accounts                                                              Commission           NIL

 

                     FOR FURTHER COMMISSIONS, PLEASE CONTACT SENIOR MANAGER (INWARD REMITTANCE DEPARTMENT) – 011 2203770

 

 

 

3.0 FOREIGN DRAFTS

 

 

Purchasing Instruments

                                 Drafts drawn on BOC in LKR & Foreign Currency                               LKR 250/-

                                 Foreign currency drafts drawn on other Banks in Sri Lanka

                                                        Up to   USD 1,000/-                                    LKR   400/-
                                                        From   USD 1,000/- to USD 5,000/-           LKR   1,000/-
                                                        Above USD 5,000/-                                    LKR   3,500/-
                                                          (Additional LKR 750/- to be retained in ‘Suspense account’ as a cushion against fluctuation of exchange rates or commission of drawer bank . Any excess to be refunded later)

 

Collecting Instruments

Foreign drafts & other instruments in foreign currency, drawn on  other banks in Sri Lanka and overseas centers     

 

                                                        Up to  USD 1,000/-                                        LKR 250/-
                                                        Above USD 1,000/- up to USD 5000/-           LKR 500/-
                                                        Above USD 5000/-                                         LKR 750 /-
                                                          Correspondent  bank charges  are applicable   

 

USD drafts drawn on local banks in Local USD Clearing System                                                                                           

                   To LKR A/C                     

                                                        Up to USD 1,000/-                                        LKR 250/-
                                                        Above USD 1,000/- up to USD 5,000/-         LKR 500/-
                                                        Above USD 5,000/-                                       LKR 750 /-

                   To PFC A/C                                                                                       NIL

                   To BFC A/C                                                                                       USD 2/- (Per draft)

 

FOR FURTHER COMMISSIONS, PLEASE CONTACT MANAGER (BRANCH COLLECTION DEPARTMENT) – 011 2203626

 

4.0   FOREIGN CURRENCY ACCOUNTS

 

 

PERSONAL FOREIGN CURRENCY ACCOUNTS  

     

                 Issue of Foreign Currency Notes

                                             Account holder                                                         Nil
                                             Family members of the account holder                    0.5%

 

                 Funds transfer  - To a LKR A/C at BOC                                                Nil

                                           - To a LKR A/C at other Banks                                    USD 5/-      (By Pay Order)
                                                                                                                               USD 5/-      (Through SLIPS) 
                                                                                                                               LKR 400/-  (Through RTGS)

                 Standing Order Payments

                                          To the credit of LKR A/C at BOC                                     Nil
                                          Others                                                                             USD 5/-     

                                                                                                                                                                  

                 Drafts

                            Issue of foreign drafts other than in JPY               Commission     Up to USD 10,000/- or equivalent          USD 6/-     
                                                                                                                                   Above USD 10,000/- or equivalent        USD 10/- 
                                                                                                                                   SWIFT charges as applicable

                            Issue of drafts in JPY                                           Commission     JPY 6,000/-
                                                                                                                                  SWIFT charges as applicable                         

 

                 SWIFT Transfers

                             Issue                                                                   Commission                              Nil
                                                                                                         Correspondent bank charges and SWIFT charges as applicable

                             Amendments                                                     Correspondent Bank charges     At actual
                                                                                                        SWIFT charges as applicable

                           Issue of certificate of balances
                                          - addressed to the A/C holder                                                                Nil
                                         - addressed to other institution or “To whom it may concern”                 USD 2/-
                                         - Tax purposes                                                                                        USD 2/-     
                                         - Addressed to auditors/Audit purpose                                                    USD 5/-   

   

                           Issue of statements of accounts
                                        -Monthly                                                           Nil             (If dispatched to local address)
                                                                                                                USD 1/-     (If dispatched to overseas address)
                                        - Weekly                                                          USD 4/- per month
                                        - Daily                                                              USD10/- per month

                            Closing of Account                                                       USD 5/-     (May be waived off at the discretion of the manager)

 

 

BUSINESS FOREIGN CURRENCY ACCOUNTS 

 

                     Issue of Foreign Currency Notes                                          1% of the Value (Min. USD 5/-)

                     SWIFT Transfers

                                       Issue                                                                     0.1% of the value  (Min LKR 1,000/-  Max  LKR 10,000/-)
                                                                                                                    Correspondent bank charges and SWIFT charges as applicable          
                                       Amendments                                                        Correspondent Bank charges    At actual
                                                                                                                     SWIFT charges as applicable

                     Issue of Certificate of Balance to Auditors                             USD 10/-

                     Issuance of drafts                               Commission               0.5% of the value  (Min USD 6/- Max USD 15/-)
                                                                                                                    SWIFT charges as applicable        

 

                    FOR FURTHER COMMISSION RELATED TO FOREIGN CURRENCY ACCOUNTS, PLEASE CONTACT THE ACCOUNT HOLDING BRANCH

 

 

5.0 EXPORTS

 

 

   5.1   DOCUMENTARY CREDIT (LETTER OF CREDIT)

 Advice                         Advising Charges (Customer)                 LKR 3,500/-                                                                                      

Amendments               Advising Amendments (Customer)         LKR    2,000/-

                                                  

Bill negotiations Under Letter of Credit

 

         Proceeds to LKR accounts

           

  • Sight LC          Handling charges          0.1% of Value (Min.LKR 2,500/- , Max. LKR 25,000/- )

                                                    Examination fee             LKR 7,500/-

 

  • Term LC         Handling charges          0.15% of Value (Min.LKR 3,500/-, Max. LKR 25,000/-)

                                                    Examination fee             LKR 7,500/-                                                                                                                                                                                                                                                    

         

       Proceeds to Foreign Currency accounts

  • Sight LC         Handling charges         0.1% of Value (Min.USD 50/- Max. USD 100/-)

                                                     Examination fee             USD 35/-                                                                                

 

  • Term LC         Handling charges           0.15% of Value (Min.USD 70/- Max. USD 125/-)

                                                     Examination fee            USD 35/-

                                                                                                                                               

Presentation of documents to the issuing bank on approval basis        0.1% of the Value (Min. USD 25/- Max. USD 50/-)                  

 

 

 

                       

5.2   DOCUMENTARY COLLECTION

 

             Purchase of Bills

                             Foreign currency bills    

                                                 - DP                      0.15% of Value     (Min. USD 50/- Max. USD 100/-)
                                                 - DA                      0.20% of Value     (Min.USD 70/- Max. USD 125/-)

             Collection of Bills        Sent to bank      LKR 5,000/-  /USD 20/-

 

                          FOR FURTHER COMMISSIONS, PLEASE CONTACT SENIOR MANAGER (EXPORTS) – 011 2203281

 

6.0  IMPORTS

 

 

                 6.1 DOCUMENTARY CREDIT (LETTER OF CREDIT)

 

        Issuing of LC

                International  LC                                                                         1% of Value for 1st quarter and thereafter 0.15% for each additional month or part thereof  (Min. LKR 5,500/-)
                Domestic LC / Letters of credit opened against foreign currency (settlement should be made in foreign currency)
                                                                                                                   0.25% of Value for 1st quarter and thereafter 0.25% for each additional month or part thereof  (Min. LKR 5,500/-)

         Amendments

 

                             Government, Private LCs & Permit LCs                        LKR 2,500/- (If borne by the applicant) 
                                                                                                                    USD 35/- or equivalent (If borne by the beneficiary)

                                                                                                                                                                          

 6.2 IMPORT BILLS

 

                      Bills under LCs (International & Domestic)

                               Acceptance (Usance Bills)                                                               0.15% of value per month (Min. LKR 6,000/-)

                               Handling of Bills

                                          - Bills settled from PFCA/BFCA accounts with us & FC Loans                               0.05% of the value (Min USD 30/-) + USD 20/-
                                          - Bills under domestic LC                                                                                        0.05% of Value (Min. LKR 6,000/-Max. LKR 75,000/-)
                                          - Bill settlement International LC (should be collected as per LC term from either applicant or beneficiary)     
                                                                                                                                                                          0.5% of Value (Min. LKR 6,000/-) 
                                                                                                                                                                          SWIFT Charges  USD 15/- per message

                              Discrepancies in Documents
                                           -Bills under domestic LCs                                     Discrepancy charges      LKR 5,000/- per set of documents presented
                                                                                                                         SWIFT charges               LKR 2,500/-

                                           -Bills under international LCs                                Discrepancy charges      USD 75/- per set of documents presented
                                            (Should be collected from the presenter)             SWIFT charges              USD 25/-

 

                   Bills on Collection (DP / DA)

                              (A)  Collection of DP Bills                                          Handling charges    From LKR Accounts                              1.5% of value (Min LKR 6,000/-)
                                     (Documents against Payment)                                                           From BFCA/PFCA/FCL Accounts         0.3% of value (Min USD 40/-)                                                                                                             

                            (B)  Collection of DA Bills                                           Handling charges     From LKR Accounts                               1.5% of value (Min LKR 6,000/-)
                                  (Documents against Acceptance)                                                         From BFCA/PFCA/FCL Accounts          0.45% of value (Min USD 45/-)

             

6.3 OTHER CHARGES

                   Shipping Guarantee / Parcel Guarantee

                          Issue of Shipping Guarantees
                                                                 Under LC                           0.3% of value  (Min. LKR 5,000/-)
                                                                 On collection basis            0.375% of value  (Min. LKR 5,000/-) 
                                                                                                          (At least 110% cash margin should be reserved until receipt of the original documents)

 

                    Import loan documentation

                                                  T/R& Pledge loans               LKR 4,000/-
                                                  Other Loans                         LKR 3,500/-

 

                   SWIFT charges for correspondence                         
                                                  Local                                     LKR 2,500/-
                                                  Foreign                                  USD 20/- per swift message  

 

FOR FURTHER COMMISSIONS, PLEASE CONTACT SENIOR MANAGER (IMPORTS) – 011 2203241

 

  7.0  LETTERS OF GUARANTEE

            (At the request of Foreign Applicants)

                                                                                                                                   

 

ISSUING     (Backed by Cash/ Counter Guarantee)
      (A)       Issuing of Guarantees                      Commission                              5% of the value p.a 
                                                                                                                             (Minimum USD 150/- or 03 months commission whichever is higher)
                                                                           SWIFT Charges                        USD 15/- (Per Message)

      (B)       Issuing of Counter Guarantees         Commission               1.5% of the value p.a
                                                                                                                             (Minimum USD 150/- or 03 months commission whichever is higher)
                                                                           SWIFT Charges                         USD 15/- (Per Message)

 

ADVISING                                                           Commission                              USD 125/- 
                                                                            SWIFT charges                         USD 15/- (Per Message)

                                                        

AMENDMENTS (GUARANTEES & COUNTER GUARANTEES)

        (A) Extension of validity or increase of value

                                                                             Commission                             1.5% of the value p.a on monthly basis (Min USD 125/-)
                                                                             SWIFT charges                        USD 15/- (Per Message)

                                                                    

        (B)    Other amendments     

                                                                            Commission                             USD 125/-
                                                                            SWIFT charges                        USD 15/-  (Per Message)

                                                                       

 

       FOR FURTHER COMMISSIONS, PLEASE CONTACT SENIOR MANAGER (CREDIT SUPPORT) – 011 2203456

 

 

     8.0  OFFSHORE BANKING DIVISION

 

                Issue of Draft                                                        USD 10/- or equivalent

                Balance confirmations                                          USD   5/-  

                Standing Orders (In each execution)                    USD   5/-  

                Outward remittances                                             USD 30/-  

                Amendments on outward remittances                   USD 12/-  (per message)

 

 

   IMPORTS

                  Documentary Credit

                           Issuing of DC               0.3% of the Value for 1st quarter and thereafter 0.15% for each additional month or part thereof  (Min. USD 40/-) 

                           Amendments
                                   (A) Extension of validity or increase in value                              3% of the Value for 1st quarter and thereafter 0.15% for
                                                                                                                                       each additional month or part thereof  (Min USD 25/- per amendment)

                                   (B)   Other amendments                                                             USD 25/-  

                                                                                     

                           Cancellation of unutilized DCs on request  of applicant
                            including draft DCs after  transmission                                             USD 25/-                          

 

     

                    Import Bills

                               Documentary collection Bills(DP/DA)                                              0.30% of value (Min. USD 30/-)     
                               Endorsement of Bill of Lading consigned to Bank of Ceylon          USD 10/-
                               Issuing Shipping Guarantees                                                          0.3% of value (Min. USD 30/-)

 

                   FOR FURTHER COMMISSIONS, PLEASE CONTACT SENIOR MANAGER (OFFSHORE BANKING) – 011 2203350