Excise duty & Bank charges in Bangladesh-corporate practice bd
Now a days we can use different accounts in a Bank, regarding personal or Business purpose. Bank apply different charges & Interest are as follows-
Note:
It is highly recommended to all reader this articles that Bank may change
their charges & Interest rate by SRO /Circular reference by Bangladesh Bank time to time. Then it charges & interest rate will be immediate effect.
Social Islamic Bank (SIBL)
For Export Bill Purchase/Discounting the Bill:
|
Criteria of Bank charges |
Charges Amount TK. |
Remarks |
|
MIC Earning |
=TK.100 |
Bill Discounting |
|
LC Commission |
=TK.300 |
Bill Discounting |
|
Printing & stationary |
=Tk.200 |
Bill Discounting |
|
LC Advising Charge |
=TK.300 |
Bill Discounting |
|
Export LC Amendment charge |
=TK.345
|
Bill Discounting |
For Final settlement Bill /Realized voucher (SIBL)
|
Criteria of Bank charges |
Charges Amount TK. |
Remarks |
|
Collection Payment charge |
$9@116.30 =TK.1047 |
Discrepancy |
|
Source TAX |
1% on Total discounting $ received = |
AIT@1% |
Shahajalal Islamic Bank (SJIBL) + Standard Bank (STDBL):
For Export Bill Purchase/Discounting the Bill:
|
Criteria of Bank charges |
Charges Amount TK. |
Remarks |
|
LC Advising Charge |
=TK.575 |
At Purchase |
|
Export LC Amendment charge |
=TK.345 |
At Purchase |
|
Incidental charge |
= Tk.575 |
At Purchase |
|
Source TAX (AIT@1%) |
1% on Total discounting $ received = |
Final payment |
|
Realized charge(SJIBL) |
TK.750 |
Final payment |
For Import Raw Materials (Import)
|
Criteria of Bank charges |
Charges Amount (TK) |
Remarks |
|
Margin deposit for R/C LC
|
5% of LC Value |
|
|
SWIFT charge,
|
TK.2,500 |
|
|
Adhesive stamp charge |
Tk.500
|
|
|
Stationary Charge
|
TK.500 |
|
|
LC Commission |
@0.20% of Total cost
|
|
|
Bank charge |
@0.01% of Total cost
|
|
|
Insurance Premium |
@0.22%of Total cost
|
|
|
LC Amendment
|
Charge (if) |
|
|
|
|
|
Bank apply others General Charges
|
Criteria of Bank charges |
Charges Amount TK |
Remarks |
|
SMS charge |
150 |
Yearly |
|
VAT on SMS-15% |
22.50 |
Yearly |
|
Account Maintain fee
|
300 |
Yearly |
|
Internet Banking Charge
|
200 |
Yearly |
|
High value charge
|
60 |
In occurrences |
|
NSF (No sufficient fund)
|
57.50 |
In occurrences |
|
Endorsement charge
|
1500 |
In occurrences |
|
MICR cheque book issue charge
|
400 |
In occurrences |
|
PRC certificate charge
|
500 |
Yearly |
|
Stamp charge MIDB Bill discount
|
500 |
In occurrences |
|
CIB Charge |
2500 |
In occurrences |
|
Source tax certificate |
500 |
TDS Certificate Charge |
Excise duty charged by Bank As per SRO No.162-Law/2022/175
As per SRO No.162-Law/2022/175-Excise date 01 June 2022 is to be applicable from 01 July 2022 all banks operating in Bangladesh are bound to deduct Excise duty from each customer Accounts (saving, current, loan or others accounts) in the following way.
|
Highest Balance(Credit/Debit in Taka) |
Excise Duty in Taka |
|
0-100,000 |
Nil |
|
100,001-5,00,000 |
150 |
|
500,001-10,00,000 |
500 |
|
10,00,001-1,00,00,000 |
3,000 |
|
1,00,00,001-5,00,00,000 |
15,000 |
|
5,00,00,001 and above |
50,000 |
Interest Apply by Bank
|
Criteria of Bank Loan |
Charge by B.Bank/SOFR |
Branch Charge |
Total Charges |
Remarks |
|
EDF(Export development Fund) |
2.50% |
4% |
6.50% |
Raw cotton purpose
|
|
OBU(Obshore Banking Unit) |
SOFR RATE (5.4023)(IF) |
3.50 |
8.9023% |
For Capital Machinery
|
|
IBP(Inland Bill Purchase) |
000 |
11% to 11.48 |
11.48% |
For Working capital
|
|
LTR(Loan on trust receipts) |
000 |
11% to 11.48 |
11.48% |
Spare parts purpose
|
|
RTR (Revolving)Loan on trust receipts) |
000 |
11% to 11.48 |
11.48% |
Spare parts purpose
|
|
CC-Hypo |
000 |
11% to 11.48 |
11.48% |
For Working capital
|
|
Lease Finance |
000 |
12.13% |
12.13% |
Car-loan
|
|
Overdue Interest |
Penalty charge(10.10+2)%
|
2% Extra
|
12% |
IBP |
|
Salaryloan(Personal) |
0000 |
(Personal Loan) |
9.59% |
(Personal Loan) |
|
|
|
|
|
|
Exchange Rate (BDT) Apply for Per Unit of 1 Dollar by (SIBL)
|
Transaction Criteria |
Rate Apply By Bank |
Remarks |
|
IBP Purchase |
Usance Export Bill Buying Rate |
Export Bill Discounted/Purchase |
|
Final settlement Bill |
OD Sight Export Bill Rate |
Export Bill Realized |
|
Remittance in cash |
TT Clean Spot Buying Rate |
Remittance to be Bought |
|
RTGS Settlement |
116.80 |
In Occurrences |
|
Transfer in cash |
Spot Buying OD Transfer Rate |
In casements in USD |
|
Credit Card/Prepaid Card Bill |
Selling / Buying rate |
Cash note, Credit Card/Prepaid Card/Student File/Wages earners |
|
SOFR |
At sight days wise Rate |
In Occurrences |
|
Foreign Currency Selling |
TT & OD/B.C Rate |
Foreign Currency Selling |
|
|
|
|