SBI TT Rates

I want to know the Foreign Exchange rates of State Bank of India SBI so can you please tell me?

[shikha]

Ok, here I am telling you the Foreign Exchange rates of State Bank of India SBI.

SBI Foreign Exchange rates

Foreign Exchange Related Service Charges

a) Exports Related Transactions

Item Charges/Commission
1. Export Bills purchased/
Negotiated/discounted
a. Processing charges for each foreign currency export bill:
For bills upto US$5000 Rs.600/-
For bills over US$5000 Rs.1200/-

b. Processing charges for each rupee export bill 0.30%; Min. Rs.600/- per bill.
c. For forwarding export documents on which no collection commission or exchange accrues to the bank (i.e. from one bank to the other in India) 0.30%; Min. Rs.1000/-
d. Reimbursement charges under Letter of Credit
Upto US$5000 Per reimbursement.
Above US$5000 & upto US$ 1 lac. Rs.600/-
Above US$ 1 lac Rs.1200/-
Rs.1500/-

e. Forwarding export documents toto another bank for negotiation toto whom L/C is restricted by the bank which has booked the forward contract.
0.30% Min. Rs.1000/-.
f. For joining customer's guarantees and giving guarantees on behalf of customers in respect of discrepant documents.
0.20% ; Min.Rs.1000/-
g. Overdue export bills purchased/ negotiated/ discounted where proceeds are not received in Nostro Account within six months *
Rs. 250/- per month or part thereof.
h. Charges for discrepancies in export documents under L/C
US$ 50/-
2. Collection of Bills.
a. (Both foreign currency and Rupee export bills) 0.15%; Min. Rs.600/-
Max. Rs.25,000/-
b. Export bills sent for collection where proceeds are not received within 6 months Rs.300/- per month or part thereof.
Note: (i) Applicable also in case of deferred exports, if the relative proceeds are not received within the stipulated period.
(ii) Not applicable in case of bills drawn on countries with externlisation problems but paid in local currency and the exporter has obtained necessary approval from RBI.
c. For each complete set of export documents sent by the exporter directly to overseas buyer in terms of extant FEMA guidelines, while disposing of the relative GR forms.
Rs.700/- per bill.
d. Additional charge where proceeds of bills are received through a bank other than the collecting bank at the instance of exporter/ overseas buyer.
0.15%; Min. Rs.600/-
3. Certificates
Issuance of certificates/ attestation in respect of export transactions. Rs.250/- per certificate.
4. Registration of export contracts Rs.700/- flat per registration.
Rs.400/- flat per amendment.
5. Processing fee for advance against 0.50%; Min. Rs.500/-.
Govt. sponsored incentive scheme Max.25000/-

6. Export Letter of Credit
a) Advising letter of credit (recording, scrutinising, authenticating, and verification).
Rs.1500/- flat per letter of credit
b) Advising amendments Rs.600/- flat per amendment
c) Confirmation charges All-in-one rates applicable as quoted for import Letters of Credit, below in Import Related Transactions section.
I. Issuance charge Minimum Rs.600/- for all customers.
II. Usance charge Plus processing fee for adding confirmation Rs.1500/-
d) Transfer of letter of credit. Rs.700/- flat for each advice of transfer.
e) Acceptance commission for accepting usance drafts to be drawn on and accepted by banks in India. 0.1750% per quarter and part thereof Min. Rs.1500/-

Customer service: 1800 425 3800