Home Standard Charges New

Standard Charges New

 

  1. Standard Charges
  1. 1 CUSTOMER SERVICES

 

Headings

Pricing

NRB/NBL/RBB/MC Cheque issuance

Account holder          : NPR 250.00 per cheque

Non-account holder   : NPR: 500.00

For BFI’s                    : Free

Loan disbursement    : NPR 250.00

Vendor payment         : Free

 

Cancellation charges : NPR 250.00 (shall be waived where initial charge has not been obtained and shall be levied to customers who have been levied initially.)

Stop Payments/Standing Instruction Execution

NPR 200.00 per request

Cheques certified “Good for Payment”

NPR 500.00 per cheque for borrowers and others

Good for Payment Cancellation

NPR 500.00 per cheque for borrowers and others

Cheque returned unpaid with reasons other than refers to drawer/ Insufficient Balance

 

Free

Cheque returned unpaid with reasons refers to drawer/ Insufficient balance over the counter only

NPR 500 per cheque to be charged in the account of drawer subject to available balance.

Issuance of Balance Certificate Below 3 months of Account Opening Date

 

NPR 1,000.00

Issuance of Balance Certificate More than 3 months of Account Opening Date

NPR 500.00

Issuance of Balance Certificate Year-end Balance once a year (for audit certification purpose)

Free

Issuance of Balance Certificate Quarterly for BFIs (one time each quarter)

Free

Issuance of Balance Certificate per extra original copy

NPR 100.00

Account Closing/ Account Class Close and Transfer

Account closing charge within 6 months of account opening NPR 500.00

 

FCY cash deposit into FCY account

0.5% for FCY denomination less than 50 or as per prevailing NRB Circular

Re-issuance of lost cheque book/ lost requisition slip

NPR 250.00 (flat)

 

Cheque book of only 9 leaves to be provided in case of re-issuance under lost/ destroyed as well as in case of lost requisition slip.

 

Stop payment charge need not be taken in case of lost/destroyed cheque book

Destruction of undelivered Cheque Book/ ATM Cards

NPR 250 per cheque book

NPR 250 per card for Domestic card

$2 per card for International card

Safe deposit lockers

 

 

 

 

 

 

Security Deposit: NPR 10,000.00 for all sizes except 13x10.5 and 12x16.

 

Security Deposit for Locker size 13x10.5 and 12x16 is 20,000. (Security Deposit shall be refundable at the time of surrender of SDL and the key by the customer for all sizes)

 

6*4.5               NPR 2,000.00

6*7.5               NPR 2,500.00

6*8                  NPR 2,500.00

13*4.5             NPR 3,000.00

12*8                NPR 3,500.00

6*16                NPR 3,500.00

13*10.5           NPR 4,500.00

12*16              NPR 5,000.00

 

Security deposit is not applied to all staff members for only one locker.

 

50% waiver on annual locker charge for all staff members is also applied to only one locker.

 

If any staff rents more than one locker, that additional locker should be treated same as that of customer for security deposit and annual charge.

 

Breaking of lockers (if customer loses keys)

NPR 2,000.00 plus actual cost

Record Retrieval

 

Within six months of transaction: Free

Over 6 months to 1-year: NPR 100

After 1-year NPR: 500

Miscellaneous Letter issued upon the request of customers

(Eg: Account Confirmation Letter, Account Details letter, etc.)

 

 

NPR 500

E-Banking

Internet Banking   : Free

Annual Fee           : Free

 

New PIN request for lost PIN  : Free

 

For all staff members  : Free

Mobile Banking

NPR 250 per annum applied to all account holders.

 

For all staff members including support staffs: Free

 

Cards & Alternate Channel Service Fees:

Mentioned here below are the charges related to Card issuance, Card Maintenance and personalization.

Transaction Fees:

Mentioned here below are the fees and charges customer will be liable to pay to MBNL for use of Mega Visa Credit Cards.

E-com Per Transaction fee: $3.00

Mega Debit/Instant/Prepaid Card Domestic

 

Visa Debit Local

Visa Debit Local Staff

Visa Prepaid/Instant Card Local

Visa Prepaid/Instant Card Local

Joining Fee

1750.00

Nil

1750.00

Nil

Joining Fee (Yearly Installment)

350.00

Nil

350.00

Nil

Urgent Fee

150.00

Nil

150.00

Nil

Annual Fee

Nil

Nil

Nil

Nil

Supplementary Fee

350.00

Nil

350.00

Nil

Replacement Fee

350.00

Nil

350.00

Nil

Re-issuance Fee

350.00

Nil

350.00

Nil

Card Unblocking Fee

100.00

Nil

100.00

Nil

Pin Regeneration Fee

100.00

Nil

100.00

Nil

Urgent Pin Regeneration Fee Additional

50.00

Nil

50.00

Nil

Card Destruction Fee

250.00

Nil

250.00

Nil

Retrieval Request Fee

300.00

Nil

300.00

Nil

Charge Back Handling Fee

200.00

Nil

200.00

Nil

Arbitration/Compliance Processing Fee

As Per Visa

As Per Visa

As Per Visa

As Per Visa

E-com enable/registration charge

200.00

Nil

200.00

Nil

Mega Debit Card/Travel Card International

MEGA CARD SERVICE FEES

Visa Debit Intl Card Normal

Visa Debit Intl Staff

Travel Card Normal

Travel Card Staff

Joining Fee (One Time Charge)

$50.00

Nil

$10.00

Nil

Joining Fee (Yearly Installment)

$10.00

Nil

Nil

 

Urgent Fee

$10.00

Nil

$10.00

Nil

Annual Fee

Nil

Nil

Nil

Nil

Supplementary Fee

$10.00

Nil

 

Nil

Replacement Fee

$10.00

Nil

$10.00

Nil

Re-issuance Fee

$10.00

Nil

$10.00

Nil

Card Unblocking Fee

$1.00

Nil

$1.00

-

Pin Regeneration Fee

$2.00

Nil

$2.00

Nil

Urgent Pin Regeneration Fee Additional

$2.00

Nil

$2.00

Nil

Card Destruction Fee

$2.5

Nil

Nil

Nil

Retrieval Request Fee

$5.00

Nil

$5.00

Nil

Chargeback Handling Fee

$5.00

Nil

$5.00

Nil

Arbitration/Compliance Processing Fee

 

As per Visa

 

As Per Visa

 

As Per Visa

 

As Per Visa

E-com enable/registration charge

$3.00

Nil

$3.00

Nil

Mega Debit/Instant/Prepaid Card Domestic

TRANSACTION FEES

 

Visa Debit Local

 

Visa Debit Local Staff

Visa Prepaid/Instant Card Local

Visa Prepaid/Instant Local Staff

Cash withdrawal from Own ATM/Branch

Nil

Nil

Nil

Nil

Balance Inquiry from Own ATM

Nil

Nil

Nil

Nil

Pin change from Own Bank

Nil

Nil

Nil

Nil

Mini Statement from Own Bank

Nil

 

Nil

Nil

Nil

Cash withdrawal from BFI’s ATMs other than MBNL

30.00

30.00

30.00

30.00

Cash withdrawal from another Visa ATM India

250.00

250.00

250.00

250.00

Balance Inquiry from BFI’s ATMs other than MBNL

20.00

20.00

20.00

20.00

Decline Fee

Nil

Nil

Nil

Nil

Exchange Rate Charge for sales/purchases from India

-

-

-

-

E-com per transaction charge

200.00

Nil

200.00

Nil

 

         Mega Debit Card/Travel Card International

TRANSACTION FEES

Visa Debit Intl Card Normal

Visa Debit Intl Staff

Travel Card Normal

Travel Card Staff

Balance Inquiry from Own ATM

Nil

Nil

Nil

Nil

Pin change from Own Bank

Nil

Nil

Nil

Nil

Mini Statement from Own Bank

Nil

Nil

Nil

Ni

Cash withdrawal from Visa ATM outside Nepal and India

$5.00

$5.00

$5.00

$5.00

Balance Inquiry from Visa ATM

$0.75

$0.75

$0.75

$0.75

Unauthorized Use of Intl Card in India & Nepal

$2.00

Nil

$1.00

$1.00

Decline Fee

Nil

Nil

$2.00

Nil

E-com per transaction charge

$3.00

Nil

$3.00

Nil

 

Bank Smart Fee and Charges (for new version of Mobile Banking)

 

Registration Fee  :           NPR 250.00

Renewal Fee        :           NPR 250.00

Re-pin                   :           NPR 0.00

 

 

       Waivers and discount for cards: Waiver on fees must be approved by CEO or staff authorized by CEO.

  1. REMITTANCES

Headings

Pricing

Drafts (to be issued to account holders only)

NPR/INR/FCY:0.10% or minimum NPR 500.00

 

Plus, Communication charges.

 

In case of DD issued for education purpose, education tax 2% or as per prevailing NRB Circular to be levied.

Cancellation of Draft/Stop payment of lost draft           

NPR 500.00 plus communication charges

 

(Charges applicable for new Draft issuance as per above if the customer wants to issue a new Draft in place of the cancelled/stopped Draft).

 

In case of cancellation of DD issued for education purpose, education tax of 2% can be refunded only after confirmation from Finance Department in case when the tax has not been deposited at the concerned tax office.

 

Fund Transfer via SWIFT (TT/RTGS) – Outward (This facility to be provided to account holders only)

 

0.10% or minimum NPR 1,000.00 Plus Communication charges

 

On top of commission and communication charges, NPR 500.00 to be levied for sending INR remittance with “our” basis:

 

FCY (Third Countries except India):0.10% or minimum NPR 1,000.00 + Communication charges

 

On top of commission and communication charges, the following charges to be levied for sending FCY remittance with “our” basis:

Amount Range           Charges

$1.00 - 499.00               $ 15.00

$500.00 - 999.00           $ 20.00

$1000.00 -$ 9999.00     $ 40.00

$10000.00 and above    $ 50.00

 

(Fund transfers subject to prevailing directives/circular. Charges could vary depending on the changes in the charges of correspondent bank)

SWIFT – Inward

 

As per correspondence bank charge.

 

Non-customers/Tourist: 0.25%, minimum NPR 750.00

 

Transfer to another bank: 0.25%, minimum NPR 750.00

 

Follow up SWIFT on remittances NPR 500.00 per message

 

On top of the commission and charges as mentioned above, the following charges also to be levied:

 

American Dollar inward receipts- NPR 250.00

 

Pound Sterling inward receipts-NPR 750.00

 

Euro Inwards-

Amount Range          Charge

1.00-499.00                 NPR 500.00

500.00-999.00             NPR 1,000.00

1,000.00-12,500          NPR 3,000.00

12,501.00 plus             NPR 5,000.00

 

Fund transfers subject to prevailing directives/circular. Charges could vary depending on the changes in the charges of correspondent bank)

 

Refund of Inward Payment & Nostro Cover

USD 35.00 plus per swift follow up charge.

ABBS Transactions

Up to NPR 200,000 – Free for individuals or as revised by NRB from time to time.

 

Above NPR 200,000 excluding within same province branches: 0.05% of the transferred amount or as changed by NRB from time to time.

 

ABBS charge is not applicable within the same province.

 

Case I : Cash Deposit

  • Charge to be recovered from account holder/depositor. If depositor is a third party and charge is not deposited separately by him/her, then ABBS charge is to be recovered from the customer’s account. Advice can be provided to customer on demand.

 

Case II: Cheque Withdraw

  • Charge to be recovered from the bearer. If bearer does not provide charge separately, then ABBS charge is to be recovered from the amount payable to beneficiary/bearer. For example, if the cheque amount is NPR 300,000.00, drawer account will be debited by NPR 300,000.00 and the bearer will receive NPR 299,850.00. Remaining NPR 150.00 is to be recovered as ABBS charge.
  •  

Case III: Cheque deposit

  • Charge is to be recovered from bearer of the cheque. In case the bearer does not provide ABBS charge, the charge is to be recovered from the amount payable to the beneficiary. For example, if cheque amounting NPR 300,000.00 has to be transferred and bearer does not deposit the charge separately, the account of drawer will be debited by NPR 300,000.00 and the beneficiary account will be credited by NPR 299,850.00 after deducting applicable ABBS charge of NPR 150.00.

 

NOTE: For all above cases, if beneficiary/bearer does not provide applicable charges separately, then ABBS charge is to be levied from the originating account i.e., from the drawer’s account. ABBS waiver is applicable only if waiver approval is provided to originating account (drawer’s account).

Local Inter-bank Transfers (SWIFT) – At the customer’s request – Outward

Communication charge only (commission and communication charge free for BFI’s only)

ECC Charges

Express/High Value Presentment Charge (NPR & FCY cheque) - NPR 100

 

Regular Presentment Charge for Cheque of NPR 200,000 – NPR 10

 

Regular Presentment Charge for Cheque of above NPR 200,000 – NPR 25

 

FCY Cheque (USD, EURO & GBP) Monday to Friday only – NPR 25

 

Regular Presentment Charge for Cheque of below NPR 200,000 – 0.00

 

Returned inward/ Outward ECC cheques (Insufficient fund) – 0.00

 

IPS Charge

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outward Direct Debit Transaction

Up to 500 NPR 5

>500-5000 NPR 10

>5K-50K NPR 20

>50K – NPR 30

 

Inward Direct Credit Transaction

Below100(For dividend and IPO refund) Nil

>500-5000 NPR 10

>5K-50K NPR 20

>50K – NPR 30

Connect IPS e-payment charge

Up to 500 NPR 2

>500-5000 NPR 5

>5K-50K NPR 10

>50K – NPR 15

Collections

Outward/Inward (Clean)- 0.10%, minimum NPR 250.00, plus actual Communication charges

 

Return NPR 250.00

 

Mega Remittance:

Charges for sending Mega Remit Transaction:

Slab Amount (NPR)

Charges (NPR)

1.00 - 25,000

100

25,001 - 50,000

150

50,001 – 60,000

200

60,001 - 100,000 (Account deposit only)

200

100,001 - 200,000.00 (Account deposit only)

300

   Waivers and discounts: Not applicable

 

 

  1. TRADE FINANCE

 

Headings

Pricing

Inward Documentary Collection

  • Document against Acceptance

 

 

  • Document against Payment

 

 

0.20% p. q. or minimum NPR 1,000.00 p.q for acceptance period

 

 

0.20% or minimum NPR1,000.00

 

Plus Communication charges in both transactions: As per communication charges

 

Documents returned unpaid / unaccepted

NPR 1,000.00 plus communication and courier charges

Bills Outward Collection- CAD

 

0.15%, minimum NPR 500.00 plus Communication charges

 

Postage wherever applicable: As per actual communication charges

Documentary Credits (Inwards)(Export LC)

 

For advising original LC & Amendments: NPR 1,500.00

Non–Customer:

NPR 4,000.00

Plus, NPR 1,000.00 authentication Charge (for both above)

 

LC advising: NPR 500.00 & collection charge 500.00 if both the applicant and beneficiary are our customers.

 

For confirming a documentary credit (subject to prior arrangement)

0.50% per quarter, minimum NPR 3,000.00 for confirmation period.

 

Bank to bank reimbursement

 

INR reimbursement INR 2,500.00 per drawings

 

NPR reimbursement NPR 2,500.00 per drawings

 

Other FCY USD 75.00 per drawings or Equivalent

 

TT Reimbursement claim on behalf of other banks NPR 2,000.00 plus commission

Documentary Credits (Inwards) (Export LC)

 

For transferring a transferable credit: Customers: 0.10% Or minimum NPR 1,500 plus actual expenses

                                                                                                           

Non–Customers: 0.25% Or minimum NPR 2,500.00 plus actual expenses

 

Communication (SWIFT), postage, courier etc.:  As per communication charges  

Collection of Export Bills

0.15%, or minimum NPR1,000.00 plus Communication/ courier charges   

 

Export Sight Bills Negotiation/Purchase

0.50% up to 15 days or minimum NPR 1,000.00 at the time of negotiation/Purchase (Upfront)

Beyond 15 days, prevailing interest rate of Export Loan /arranged rate will be levied

on document value

for outstanding number of days

 

plus Communication/ courier charges           

 

 

Export Usance Bills Discounting

Prevailing interest rate of Export Loan /arranged rate will be levied on document value for the period upto bills maturity at the time of discounting (upfront)

 

2% additional interest for overdue period

 

plus, Communication/ courier charges          

 

Payment received confirmation / Certificate

NPR 500.00

Advance Payment Certificate

NPR 500.00

Duplicate Advance Payment Certificate

NPR 500.00

Documentary Credits (Outward) (Import LC)

 

FCY LC 0.12% per quarter, minimum NPR 1,000.00

INR LC 0.20% per quarter, minimum NPR 1,000.00

NPR LC 0.20% per quarter, minimum NPR 1,000.00

 

Communication charges: As per communication charges

 

LC Amendment fee

 

Other than time extension and value enhancement. NPR 500.00

 

Time extension for subsequent quarters and Normal issuance charge

Value enhancement:   Normal issuance charge

 

Communication charges: As per communication charges

Acceptance commission

0.04% per month, minimum NPR 1,000.00

Discrepancy Fee under LC

INR / NPR LCs:  INR / NPR 1200.00 per documents

 

Plus, INR/NPR 300.00 communication charges

 

FCY LCs: USD 50.00 per document plus communication charge USD 10

LC cancelled

NPR 1,000.00+ (applicable communication charges)

 

LC cancellation – partially unutilized

NPR 500.00 + (applicable communication charges)

 

Settlement/handling of LC document

NPR 1000.00 flat per document plus applicable communication charges

Guarantees issuance

Issuance charge

                                                                       

Bid Bonds:0.20%-0.30% p. q. or min. NPR 1,000.00

 

Performance Bonds:0.20%-0.35% p. q. or min. NPR 1,000.00

 

Advance Payment Guarantee: 0.25%-0.35% p. q. or min. NPR 1,000.00

 

Customs Guarantee: 0.35% p. q. or min. NPR 2,000.00

Licensing Guarantee: 0.30% p. q. or min. NPR 1,000.00

 

Supplier Credit Guarantee: 0.35% p. q. or min. NPR 2,000.00

 

Guarantees issued by the bank against guarantees of correspondent bank (counter guarantee)

2.50% per annum, minimum USD 50.00 or equivalent

Amendments (other than time extension and value increment)

 

NPR 500.00

Amendment for time extension within the same quarter.

NPR 500.00

Amendment for time extension and value increment

As per guarantee issuance charge

Charge for text authentication of Guarantees (and amendments thereto) issued by International banks.

USD 50.00 plus communication fee

Bills under LC (Force Loan)

Plus 2% p.a on prevailing   highest loan interest rate for a day

 

 

2% additional interest for overdue period

 

Deposit Certificate for exporters 

 

NPR 250.00

Import LC bills to be returned

Document handling charge:

 

For domestic: NPR 1000.00 plus communication and courier charges

 

For INR: INR2000.00 plus communication and courier charges

 

For FCY:  Equivalent USD50.00 plus communication and courier charges

 

If Nostro is debited prior to settlement of Import LC bills by Applicant under TT reimbursement LC

Import Bills under L/C for 1st 10 days: No Fees. Interest charged only if Nostro is debited at the applicable/

 

Published highest TR rate

BCI report

Actual charge plus communication charge

 

If an authenticated copy to be provided, charge of NPR 5000.00 to be levied

Vostro Accounts

 

Whilst all the charges applied to Vostro accounts are as per the Agreement with the specific bank.

 

Local inter-bank transfer – Free if the beneficiary is the same bank. NPR 500.00 if the beneficiary is third bank. (Free for corporate customers and FIs)

Fund Transfer via SWIFT (TT) – Import purpose (This facility to be provided to account holders only)

 

In INR: 0.10%, minimum NPR 1,000.00 + Communication charges

 

On top of commission and communication charges, NPR 500 to be levied for sending INR remittance with “our/on us” basis:

In FCY (Third Countries):

0.10% minimum NPR 1,000 + Communication charges

 

On top of commission and communication charges, the following charges to be levied for sending FCY remittance with “our/on us” basis:

Amount Range            Charge

$1.00 - 499.00              $ 15.00

$500.00 - 999.00          $ 20.00

$1000.00 -$ 9999.00    $ 40.00

$10000.00 and above  $ 50.00

 

(Fund transfers subject to prevailing directives/circular)

 

 

 

  1. COMMUNICATION CHARGES

            (TELEPHONE, FAX, COURIER, POSTAGE, TEST KEY HANDLING CHARGES)         

 

Heading

New Pricing

Letters of Credit Issuance

SWIFT Charge:

NPR 1500/-

 

If advised via Courier Service in domestic LC

 

Courier Charge:

NPR 400.00

 

L/C Amendment/Settlement/Others

 

SWIFT Charge:

NPR 500/-

 

If advised via Courier Service in domestic LC

 

Courier Charge:

NPR 400.00

 

Draft Issuance Confirmation

SWIFT: India:  Nil

Other Countries: NPR 375.00

 

Draft Cancellation /Stop payment Confirmation

SWIFT: India:  NPR 270.00

             Other Countries: NPR 375.00

Advance Payment confirmation

SWIFT: India:  NPR 270.00

             Other Countries: NPR 375.00

Fund Transfer

 

SWIFT: Domestic: NPR 250.00

India:  NPR 270.00

Other Countries: NPR 375.00

 

Postage & Courier

Domestic: NPR 400.00

In India: INR 1000.00

In USD: USD 50.00

 

Or Actual cost incurred whichever is higher

 

                                                                                 

7.5 CREDIT SUPPORT UNIT

Headings

New Pricing

Credit Information inside Nepal (Trade Related)

NPR 1,000.00

Credit Information outside Nepal (Trade Related)

USD 50.00 plus other bank Charge

Loan Management Fee

 

New Client

Corporate:

WCL: 0.25%

FTL (including commercial complex): 0.25%

 

Real Estate Loans (housing developers): 0.50%

 

Real Estate Loans (land development only): 1%

 

Consortium: As per the decision of the consortium

 

Mid Corporate Loan

 

WCL: 1%

FTL (including commercial complex): 1%

 

Real Estate Loans (housing developers): 1%

 

Real Estate Loans (land development only): 1.5%

 

Consortium: As per the decision of the consortium

 

 

SME:

 

WCL: 1.5%

FTL/All real estate loans :1.5%

 

 

Consumer:

 

Housing Loan: 1.5%

Mortgage Loan: 1.5%

Auto Loan: 1.5%

Margin lending: 1.5%

 

Micro Lending:

Direct Lending: 1.50%

Institutional : 0.25%

 

Renewal:

Corporate: 0.25%

MCL: 0.75%

SME: 1%

Consumer: 1%

 

Micro:

Direct Lending: 1.50%

Institutional : 0.25%

 

Commitment fee

  1. For business OD (SME/MCL/Corporate) and personal OD – 0.5% of unutilized limit if average utilization is below 60%.

 

  1. Consortium Loans: As per the decision of consortium

 

  1. For margin lending – 1% of unutilized limits if the average utilization is below 70%.
  2. Loan commitment fee is not applicable for micro loans.

 

Pre-payment fee

a) Retail + SME – 2% within one year, 1% after 1 year and in case of swap – 3%

 

 

b) Corporate – 0.25% if settled from own source and in case of swap – 3%

 

 

c) Mid Corporate – 0.50% if settled from own source and in case of swap – 3%

 

Pre-payment charge shall not be applicable for settlement of total loan exposure to the tune of NPR 5 million in line with NRB norms.

CICL Charge

With detailed information: NPR 550.00

Without detailed information: NPR 250.00

STR (secured transaction registry) Charge: NPR 500.00 per registration

Pledge Loan Charge

NPR 500.00 per visit

Credit Reference Letter to other BFI's/Valuator's experience letter

NPR 500.00

Miscellaneous Letter issuance charges on customer’s request

NPR 300.00

 

 

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