Currency Exchange Rates
| Exchange Rates | Exchange Rates: :currency per unit of foreign currency as at: 05.10.2023 01:00:05 AM | |||||
|---|---|---|---|---|---|---|
| Currency | Travelers Cheques/ Drafts | Telegraphic/PFCA/ BFCA Transfers | ||||
| Currency | Buying Rate | Selling Rate | Buying Rate | Selling Rate | Buying Rate | Selling Rate |
AED
|
81.7404 | 93.2068 | - | - | - | - |
AUD
|
193.0377 | 209.6557 | 194.8685 | 209.4616 | 198.2374 | 209.4616 |
BHD
|
759.7097 | 879.8840 | - | - | - | - |
CAD
|
221.8341 | 242.9639 | 228.6122 | 242.7396 | 230.8352 | 242.7396 |
CHF
|
334.2745 | 360.8371 | 339.6148 | 360.5064 | 342.9008 | 360.5064 |
CNY
|
41.0525 | 45.3115 | 42.8190 | 45.2701 | 43.1637 | 45.2701 |
DKK
|
- | - | 43.8749 | 46.7072 | 44.2802 | 46.7072 |
EUR
|
326.8270 | 348.7754 | 327.5061 | 346.4564 | 330.8464 | 346.4564 |
GBP
|
375.4990 | 399.5038 | 378.2451 | 399.1373 | 382.8041 | 399.1373 |
HKD
|
38.5974 | 42.4002 | 40.0070 | 42.3615 | 40.3945 | 42.3615 |
INR
|
3.3924 | 4.3924 | 3.4424 | 4.3424 | 3.4924 | 4.3424 |
JPY
|
2.0904 | 2.2238 | 2.1068 | 2.2218 | 2.1248 | 2.2218 |
KWD
|
949.3595 | 1,083.0998 | - | - | - | - |
NOK
|
- | 30.2708 | 28.5882 | 30.2428 | 28.8258 | 30.2428 |
NZD
|
171.7779 | 196.2675 | 182.8947 | 196.0866 | 185.1440 | 196.0866 |
OMR
|
803.3758 | 865.2469 | - | - | - | - |
QAR
|
70.8816 | 90.9645 | - | - | - | - |
SAR
|
78.2193 | 92.3956 | - | - | - | - |
SEK
|
- | 29.9336 | 28.2761 | 29.9061 | 28.5025 | 29.9061 |
SGD
|
226.2003 | 241.2325 | 228.4883 | 241.0118 | 230.7904 | 241.0118 |
THB
|
8.5552 | 9.7852 | 8.5752 | 9.5552 | 8.6052 | 9.5552 |
USD
|
319.0000 | 329.3000 | 318.1500 | 329.0000 | 319.0000 | 329.0000 |
ZAR
|
15.3170 | 17.1854 | 16.1876 | 17.1695 | 16.3319 | 17.1695 |
The above rates are for indicative purposes only. These are subject to change based on market conditions and at the discretion of the bank. Please call +9411-2445785 for any clarification.
Treasury Bill Rates
TREASURY BILL RATES APPLICABLE FOR THE WEEK COMMENCING FROM 02.10.2023 | ||
|---|---|---|
| Term | Yield P.A | Price per Rs: 100/= |
| 03 Months (91 days) | 13.00% | 96.8523 (Subject to availability) |
| 06 Months (182 days) | 12.00% | 94.3396 (Subject to Availability) |
| 12 Months (364 days) | 11.00% | 90.0901 (Subject to availability) |
Rupee Fixed Deposits
1. FIXED DEPOSITS (W.E.F. 19.09.2023)
| Term & Payment method | Interest Rate (p.a.) |
|---|---|
| 1 Month (LKR) | 9.00% |
| 3 Month (LKR) | 10.00% |
| 6 Month (LKR) | 9.50% |
| 1 Year -Interest at maturity (LKR) | 8.50% |
| 1 Year -Interest paid monthly (LKR) | 8.25% |
| 1 Year | Senior Citizens* -Interest at maturity (LKR) | 9.50% |
| 1 Year | Senior Citizens* -Interest paid monthly (LKR) | 9.25% |
| 2 Years -Interest at maturity (LKR) | 9.50% |
| 2 Years -Interest paid monthly (LKR) | 8.75% |
| 2 Years -Interest paid annually (LKR) | 9.00% |
| 3 Years -Interest at maturity (LKR) | 10.00% |
| 3 Years -Interest paid monthly (LKR) | 8.75% |
| 3 Years -Interest paid annually (LKR) | 9.00% |
| 4 Years -Interest at maturity (LKR) | 10.50% |
| 4 Years -Interest paid monthly (LKR) | 8.75% |
| 4 Years -Interest paid annually (LKR) | 9.00% |
| 5 Years -Interest at maturity (LKR) | 11.00% |
| 5 Years -Interest paid monthly (LKR) | 8.75% |
| 5 Years -Interest paid annually (LKR) | 9.00% |
* Senior Citizens shall mean persons who are over 60 years
** Special Fixed Deposit Scheme suspended W.E.F. 01.10.2022 by Central Bank of Sri Lanka
100, 200, 400 Days Investments
| 100 Days Investment | 200 Days Investment | 400 Days Investment |
| 10.50% (P.A.) | 10.00% (P.A.) | 9.50% (P.A.) |
| 10.91 % (A.E.R.) | 10.23% (A.E.R.) | 9.46 % (A.E.R.) |
7 Days Call Deposit
| SEVEN DAYS CALL DEPOSIT | |
|---|---|
Rate per Annum | |
Interest paid on withdrawals with 7 days’ Notice |
|
BOC Special Deposit Scheme
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. |
Moving Rate Fixed Deposit (MRFD) scheme **
MOVING RATE FIXED DEPOSIT (MRFD) SCHEME ** | ||
|---|---|---|
| Interest paid Monthly | Interest paid Annually |
2 years | 11.50% | 12.00% |
3 years | 11.75% | 12.25% |
4 years | 12.00% | 12.50% |
5 years | 12.25% | 12.75% |
**Applicable only for existing Moving Rate Fixed Deposits.
Senior Citizens Deposit Scheme
| 5. SENIOR CITIZENS DEPOSIT SCHEME*** | |
|---|---|
| Rate per Annum | |
| 2 Years Senior Citizen Interest Paid Monthly (Revised) | 10.75% |
***Applicable only for existing 2 Years Senior Citizen Interest Paid Monthly Deposits.
Rupee – Savings Deposits
(Effective from 05.06.2023)
| 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 | 2.50% p.a. |
| Samurdhi Investment | 2.75% p.a. |
| 18 + Youth Savings Account Scheme | 3.00% p.a. |
| 14 + Teenagers' Savings Account Scheme | 3.50% p.a. |
| Kantha Ran Ginum | 3.00% p.a. |
| Ran Kekulu Ginum | 4.00% p.a. |
| Staff Voluntary Savings | 3.00% p.a. |
| Senior Citizens Savings | 3.50% 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.
Foreign Currency Savings Deposits
Interest Rates for Foreign Currency Savings Deposits - W.E.F. 19.09.2023
CURRENCY | PFCA/ DFA /RGFCA/ IIA | BFCA/OIA |
|---|---|---|
| U S DOLLARS | 1.00% | 0.75% |
| STERLING POUNDS | 0.75% | 0.75% |
| EURO | 0.40% | 0.25% |
| JAPANESE YEN | 0.01% | 0.01% |
| AUSTRALIAN DOLLARS | 1.00% | 0.50% |
| NEW ZEALAND DOLLARS | 1.00% | 1.00% |
| SWISS FRANCS | 0.40% | 0.40% |
| CANADIAN DOLLARS | 0.50% | 0.50% |
| SINGAPORE DOLLARS | 0.25% | 0.25% |
| CHINESE RENMINBI | 0.75% | 0.75% |
Foreign Currency Fixed Deposits
RATES OF INTEREST FOR PFCA/ DFA /IIA and SFNFDA FIXED DEPOSITS
INTEREST RATES FOR FOREIGN CURRENCY FIXED DEPOSITS - W.E.F 19.09.2023
| PFCA | Period | Interest Rates (%) | AER (%) |
| USD | 01 Month | 3.50 | 3.56 |
| 03 Months | 4.00 | 4.06 | |
| 06 Months | 4.25 | 4.30 | |
| 01 Year maturity | 5.00 | 5.00 | |
| 01 Year monthly | 3.50 | 3.56 | |
| 01 Year quarterly | 4.00 | 4.06 | |
| 02 Year maturity | 5.25 | 5.12 | |
| 02 Year annually | 5.00 | 5.00 | |
| 02 Year monthly | 3.50 | 3.56 | |
| 03 Year maturity | 5.50 | 5.22 | |
| 03 Year annually | 5.00 | 5.00 | |
| 03 Year monthly | 3.50 | 3.56 | |
| 04 Year maturity | 5.75 | 5.31 | |
| 04 Year annually | 5.00 | 5.00 | |
| 04 Year monthly | 3.50 | 3.56 | |
| 05 Year maturity | 6.00 | 5.39 | |
| 05 Year annually | 5.00 | 5.00 | |
| 05 Year monthly | 3.50 | 3.56 | |
| GBP | 01 Month | 1.50 | 1.51 |
| 03 Months | 2.50 | 2.52 | |
| 06 Months | 3.25 | 3.28 | |
| 01 Year maturity | 3.50 | 3.50 | |
| 01 Year monthly | 1.50 | 1.51 | |
| 01 Year quarterly | 2.50 | 2.52 | |
| EUR | 01 Month | 1.50 | 1.51 |
| 03 Months | 2.50 | 2.52 | |
| 06 Months | 2.75 | 2.77 | |
| 01 Year maturity | 3.50 | 3.50 | |
| AUD | 01 Month | 1.50 | 1.51 |
| 03 Months | 2.50 | 2.52 | |
| 06 Months | 2.75 | 2.77 | |
| 01 Year maturity | 3.50 | 3.50 |
| BFCA | Period | Interest Rates (%) | AER (%) |
| USD | 01 Month | 3.50 | 3.56 |
| 03 Months | 4.00 | 4.06 | |
| 06 Months | 4.25 | 4.30 | |
| 01 Year maturity | 5.00 | 5.00 | |
| 02 Year maturity | 5.25 | 5.12 | |
| 03 Year maturity | 5.50 | 5.22 | |
| 04 Year maturity | 5.75 | 5.31 | |
| 05 Year maturity | 6.00 | 5.39 | |
| GBP | 01 Month | 1.50 | 1.51 |
| 03 Months | 2.50 | 2.50 | |
| 06 Months | 3.25 | 3.28 | |
| 01 Year maturity | 3.50 | 3.50 | |
| EUR | 01 Month | 1.50 | 1.51 |
| 03 Months | 2.50 | 2.50 | |
| 06 Months | 2.75 | 2.77 | |
| 01 Year maturity | 3.50 | 3.50 | |
| AUD | 01 Month | 1.50 | 1.51 |
| 03 Months | 2.50 | 2.52 | |
| 06 Months | 2.75 | 2.77 | |
| 01 Year maturity | 3.50 | 3.50 |
Personal Loans
Personal Loans
| Personal Loans | |
| BOC Personal Loan Scheme | Upto 5 Years : 21.25% Above 5 Years and Upto 7 Years : 23.5% |
| BOC Special Personal Loan Scheme | Upto 5 Years : 21.00% Above 5 Years and Upto 7 Years : 23.0% |
Housing Loans
| BOC Housing Loan | ||
|---|---|---|
| Type of the Housing Loan/ Eligible Amount | Repayment Period | Fixed ROI (p.a.) |
| Aggregate Housing Loan amount up to Rs. 5.0 Mn | Maximum up to 10 Years | 18.00% |
| BOC Housing Loan (Above 5.0 Mn) | Up to 10 Years | 19.00% |
| Above 10 Years | 20.00% | |
| Special Housing Loan | Up to 10 Years | 19.00% |
| Above 10 Years | 20.00% | |
Education Loans
| Educational Loans | |
| BOC Comprehensive Educational Loan | Up to 5 Years - 17.00% p.a. Up to 7 Years - 18.00% p.a. |
Development Loans
| Development Loans | ||
| Min Rate % | Max Rate % | |
| Agriculture/ Agri Processing/ Animal Husbandry & Fisheries | 11.50% | 24.25% |
| Tourism/ Construction | 6 month AWPLR Subject to a floor rate of 16.00% | 27.00% |
| Other Industry/ Plantation | 6 month AWPLR Subject to a floor rate of 16.00% | 27.00% |
| Trading/Consumption/Services & Others | 6 month AWPLR Subject to a floor rate of 16.00% | 28.50% |
| Self-Employment | 11.50% | 24.25% |
Government and other institutions funded credit schemes are available at lower rate starting from 2.0 % p.a.
Ran Surekum Naya Seva
| Rate | |
| Pawning | 18.00% (p.a.) |
Credit Cards
| Other Loans and Advances | Min Rate (%) | Max Rate (%) |
|---|---|---|
| Credit Cards | 28.00% | 28.00% |
Conditions Apply
Leasing
| Leasing | Min Rate ( % ) | Max Rate ( % ) |
|---|---|---|
| Motor Vehicle - Unregistered | 17.00% | 24.00% |
| Motor Vehicle Registered | 18.00% | 22.00% |
| Machinery | 24.00% | 24.00% |
Outward Remittances
| 1.0 OUTWARD REMITTANCES | Tariff |
| 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 Charges and correspondent banking 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 & postage 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 Fee per withdrawal. (Additional fees may apply according to the overseas ATM charges) | |
| For GBP | GBP 2.50 |
| Other Currencies | USD 3/- |
| (D) ATM - International Balance inquiry fee | |
| For GBP | GBP 0.40 |
| 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 (To dispatch through courier service) | USD 23/- |
| (I) Card renewal fee (Applicable in every 4 years) | LKR 3,000/- |
| (J) Travel insurance/ balance confirmation letters issuing fee | LKR 3,000/- |
Inward Remittances
| 2.0 INWARD REMITTANCES | Tariff |
| Inward remittances to Bank of Ceylon | |
| Over the counter cash payments by identification of customer | LKR 150/- |
| Remittances to BOC LKR accounts | LKR 100/- |
| Remittances to foreign currency accounts | NIL |
Foreign Drafts
| 3.0 FOREIGN DRAFTS | Tariff |
| 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/- |
| COLLECTING INSTRUMENTS | |
| Foreign drafts & other instruments in foreign currency, drawn on other banks in Sri Lanka and overseas centers. Correspondent bank charges are applicable. | |
| Up to USD 1,000/- | LKR 250/- |
| Above USD 1,000/- up to USD 5000/- | LKR 500/- |
| Above USD 5000/- | LKR 750 /- |
| 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) |
Foreign Currency Accounts
| 4.0 FOREIGN CURRENCY ACCOUNTS | Tariff |
| 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 | USD 10/- per month |
| Closing of Account | USD 5/- |
| 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/-) |
| Amendments | correspondent Bank charges At actual SWIFT charges USD 3/- |
| 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 |
Exports
5.0 EXPORTS | Tariff |
| 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/- |
| 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/- |
Imports
6. IMPORTS | Tariff |
| 6.1 DOCUMENTARY CREDIT (LETTER OF CREDIT) | |
| Issuing of LC | |
| International LC | 0.75% 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) | 0.2% of Value (Min. LKR 6,000/- Max. LKR 500,000/-) SWIFT USD 15/- per message |
| Discrepancies in Document | |
| 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 (Should be collected from the presenter) | USD 75/- per set of documents presented |
| SWIFT charges | USD 25/- |
| Bills on Collection (DP / DA) | |
| (A) Collection of DP Bills (Documents against Payment) (SWIFT charges USD 15/- applicable) | |
| From LKR Accounts | 0.75% of value (Min LKR 6,000/- Max. LKR 500,000/-) |
| From BFCA/PFCA/FCL Accounts | 0.3% of value (Min USD 40/-) |
| (B) Collection of DA Bills (Documents against Acceptance) (SWIFT charges USD 15/- applicable) | |
| From LKR Accounts | 0.75% of value (Min LKR 6,000/- Max. LKR 500,000/-) |
| 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/-) |
| 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 |
Letters of Guarantee
(At the request of Foreign Applicants)
| 7.0 LETTERS OF GUARANTEE | Tariff |
| ISSUING (Backed by Cash/ Counter Guarantee) | |
| (A) Issuing of Guarantees | 1.5% 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 | 1.5% of the value p.a (Minimum USD 150/- or 03 months commission whichever is higher) |
| SWIFT Charges | USD 15/- (Per Message) |
| ADVISING | USD 150/- |
| SWIFT charges | USD 15/- (Per Message) |
| AMENDMENTS (GUARANTEES & COUNTER GUARANTEES) | |
| (A) Extension of validity or increase of value | 1.5% of the value p.a on monthly basis (Min USD 150/-) |
| SWIFT charges | USD 15/- (Per Message) |
| (B) Other amendments | USD 150/- |
| SWIFT charges | USD 15/- (Per Message) |
Offshore Banking
| 8.0 OFFSHORE BANKING DIVISION | Tariff |
| 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 | 0.3% 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/-) |
Credit Cards
| 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 | 28 % per annum |
| Interest on cash advance | 28 % per annum |
| 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/- |
Debit Cards
| 4.2 Debit Cards | |
Joining Fee (Excluding 14+, FCY A/Cs & Prestige Plus C/A) Name Card (Embossed) (First Card) Unembossed 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 (Embossed) Unembossed 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/- |
Internet Banking
| 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
| Fund Transfers | |
| CEFT - Internet Banking | Rs.30/- |
| SLIPS - Internet Banking | Rs.20/- |
| e-receipt confirmation from the Bank | Rs.50/- |
Current Accounts
| 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. 3,500/- |
| 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 Retrieval | Rs. 400/- (per chq) |
| Retrieval of Physical Cheque from archive | 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. 750/- 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. 1,000/- |
| 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/- |
Savings and Time Accounts
| 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. 35/- per month |
| Other Savings Schemes (Except all Minor A/Cs) < Rs. 500/- | Rs. 35/- per month |
| Ordinary Savings Non Personal < Rs. 10,000/- | Rs. 35/- per month |
Islamic Banking Savings Products < Rs. 1,500/- (Except all Minor A/Cs) | Rs. 35/- per month |
| Ran Ulpatha | Free of charge |
| School Sansada | Free of charge |
| 2.2 Closure of Accounts | |
| Savings Account Closure | Rs. 500/- |
| 2.3 Savings Account Statements (For Non Passbook issuing 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 | |
General Operations
| 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. 250/- (Excluding all beneficiary children's savings products with in BOC) |
| Transfer to customer's own Savings/ Current A/C /Credit Card within BOC | Free of Charge |
| Standing Order Modification | Rs. 100/- |
| 3.2.2 Standing Orders to Third Party BOC/ other Banks/ Institutions (excluding all beneficiary 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. 25/- per transaction Min. Rs. 125/- (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 Segment) | Rs. 100/- per transaction |
| To Third Party Account (Retail Segment) | 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/- |
Digital Banking
| 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 (Embossed) (First Card) Unembossed 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 (Embossed) Unembossed 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/- |
Credit Operations
| 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 Pensioners' 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/- |
| Extension 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/- |
| Issuance Guarantee Draft (From 2nd onward) | Rs. 2,000/- per letter |
| SWIFT Chargers | Rs. 1,500/- |
| 5.7 Issuance 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 | |
| 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 arrears 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 |
My Sri Lanka - Foreign Currency Fixed Deposit
Interest at Maturity
| Currency | 2 Years Interest at Maturity % (p.a.) | 5 Years Interest at Maturity % (p.a.) |
|---|---|---|
USD | 6.50 (6.30 A.E.R) | 7.00 (6.19 A.E.R) |
GBP | 4.75 (4.64 A.E.R) | 5.25 (4.77 A.E.R) |
EUR | 4.50 (4.40 A.E.R) | 5.00 (4.56 A.E.R) |
AUD | 4.50 (4.40 A.E.R) | 5.00 (4.56 A.E.R) |
Interest at Monthly**
| Currency | 2 Years | 5 Years Monthly Interest % (p.a.) ** |
|---|---|
USD | 5.00 (5.12 A.E.R) |
GBP | 4.00 (4.07 A.E.R) |
EUR | 3.75 (3.82 A.E.R) |
AUD | 3.75 (3.82 A.E.R) |
* These interest rates may revise at renewal.
** Monthly interest facility avail for Sri Lankan migrant employees only.
The interest amount will be calculated in relevant foreign currency and paid in Sri Lankan Rupees.
