BOB Bank Guarantee Charges

Will you please tell about the Guarantee Charges in Service Charges on Advances at bank of Baroda (BOB) ?

[shikha]

As per your request here I am telling you about the Guarantee Charges in Service Charges on Advances at bank of Baroda (BOB).

Service Charges On Advances

Area of Banking Service :
Service Charges excluding service tax/education cess (Service charges , Education cess, and any other tax applicable from time to time will be recovered separately):

Guarantees Commission on inland guarantees.

Performance Guarantee:
0.20% p.m

Financial Guarantee:
0.25% p.m

Guarantees due to discrepancies in documents

For joining in customer’s guarantee or giving guarantees to other banks on behalf of customers, for discrepant documents negotiated under LC
a) if payment is credited to beneficiary’s a/c. –
0.25% min. 500
b) if not parted with – Rs 500

Charges for issuance of Balance Certificate, at the request of customer
Rs. 75/- per certificate (for individuals)
Rs. 150/- per certificate (for others)

Allowing operations in an a/c through
a) Power of Attorney b) Mandate
Account - Rs. 1000/-

Change of authorized signatory including reconstitution of A/c.
Cash Credit, Over Draft Account - Rs. 250/- per change

Contact :
Bank of Baroda
Customer service: 1800 102 4455