Service Charges

New revised charges Jul 2016

DESCRIPTION Revised Charges
Remittances (Outward) TSHS USD/GBP/EUR
TISS (Only for Acctt. Holders) 13000 13.00
Outward Remittances
(Rapid Fund to India)
BOB to BOB BOB to Other Bank
Upto USD 5000 12.00 18
USD 5001 to 10000 24.00 30.00
Above USD 10000 0.24% maximum
USD 180
@ 0.30% maximum USD 200
REVISED CHARGES ( TANZANIA)
IN TZS IN USD
Remittances
(Outward) TT
INDIVIDUAL Upto USD or equivalent upto
USD2000 -USD 13.20
USD5000 -USD 20.00
USD10000 -USD 33.00
Above USD 10000-USD 65 Flat + USD 35 Swift Charges
CORPORATE Upto USD or equivalent
10000-USD 20.00
50000-USD 33.00
>50000-65 USD + USD 35 Swift Charges
Remittances (Inward) TT for Acctt Holders only
From Tanzania No Charges No Charges
Outside Tanzania
Current Acctt. / Overdraft N.A. 0.30% Min 12 and Max. USD 70
Saving Bank Acctt. N.A. Flat USD 18
FBC-C Current Acctt. /Overdraft N.A 0.30 % min 12 and Max. USD 70 + Postage USD 90
Saving Bank Acctt. N.A Flat USD 18 + Postage USD 90
FBP-C Current Acctt. /Overdraft N.A 0.30 % Min 12 and Max USD 70 + Postage USD 90
Saving Bank Acctt. N.A Flat USD 18 + Postage USD 90
Issue of Bankers Cheque Bankers payment 30000 24.00
Cancellation of Bankers Cheques 20000 15.00
Stop payment of Cheque Current/OD Account 30000 24.00
Saving Acctt 18000 15.00
Cheque Return Charges (Inward/Outward)
Financial Reason 30000 30.00
Non-Financial 18000 18.00
Special clearance (DSM only)
With in City Centre 72000 42.00
Outside City Centre 90000 60.00
Balance confirmation
Letter
Current/OD Acctt 18000 18.00
Saving Acctt 12000 12.00
Reference/Identity Letter
Current/OD Acctt 25000 25.00
Saving Bank 12000 12.00
Cost of cheque per leaf Current/ OD Acctt 830 0.55
Saving Bank
Ledger Folio Charges
Current / Overdraft Account 6000 per folio Min 6000 p.m. USD 4 per folio Min USD 4p.m.
Ledger Charges for Savings Bank a/c 9000 H /Yearly 9.00 H/Yearly.
For purpose of Current Account/overdraft 30 entries will constitute one ledger folio.
Minimum Balance Charges
Charges for not maintaining minimum balance in Current account 18000 p.m. 15.00 p.m.
Charges for not maintaining minimum balance in Savings Bank account. 7500 p.m. 7.50 p.m.
Acctt. maintenance charges for Saving and Current account. Current Acctt 18000 H/Yearly 18.00 H/Yearly
Saving Acctt 9000 H/Yearly 9.00 H/Yearly
Acctt Statement Once in a month no Charge (Regular)
Interim Acctt statement 6500 6.50
Account Closure within 12 Months Saving Bank 25,000 25.00
Current Account 60,000 60.00
Account Closing Saving 18,000 18.00
Account Closing Current 42,000 42.00
Dormant Acctt Charges Saving Bank 3000.00 H. Yearly 2.50 H. Yearly
Current Account 6000.00 H. Yearly 5.00 H. Yearly
Upcountry Collection of cheques 0.6% of value (Min Commission 18000 + Postage Tzs 90000 0.6% of value ( Min
Commission USD 18 + Postage USD 90
Cash Deposit Charges Current Acctt. Upto 25 Mn free,60,000 upto 50 Mn 120,000 upto 100 Mn,180,000 upto 150 Mn ,240,000 upto 200 Mn ,280000 upto 250 Mn above 250 Mn 600000. 0.30% above
USD 10000 per day.
Saving Acctt. 0. 18% above
USD 5000 per day
Cash withdrawal Charges Current Acctt. Upto 25.00 Mn no charges above 25.00
Mn 0.12% of withdrawal.
0.60 % upto 10000 and
1.18% above 10000 USD
Saving Acctt. Upto USD 2000 no charges upto 5000 @ 0.30% and above 5000 @ 0.60%.
ADVANCES   – Bank reduced prime lending rate to 14% from 01/10/2018
ADVANCES PROCESSING CHARGES
TZS FCY
UPTO 10 Mn UPTO USD 10000 20000 20.00
10 Mn to 200 Mn USD 10000 to USD 200000 2.65% 2.65%
Above 200 Mn Above USD 200000 1.50% (Minimum 5.30 Mn) 1.50 (Minimum 5300)
Loan/Overdraft against deposit of our Bank (Ist / IIIrd Party) – Waiver of Processing and documentation charges.
DOCUMENTATION CHGS
UPTO 10 Mn UPTO USD 10000 30000 18
10 Mn to 200 Mn USD 10000 to USD 200000 0.30% (Minimum 0.60 Mn) 0.30% Min 30
Above 200 Mn Above USD 200000 0.18% (Minimum 1.18 Mn) 0.18 % Min 600
Reshedulement Charges 1.20% Max 1.00 Mn 1.20% Max USD 600.00
Inspection Charges Upto Tzs 200 Mn or USD 0.20 Mn 35000 USD 35
Above Tzs 200 Mn or USD 0.20 Mn 65000 USD 65
In addition to above inspection charges out of pocket expenses are also to be charged.
Balance/Interest Certificate 18,000 18.00
Prepayment Charges Principle Outstanding for residual Period) Upto 200 Mn or USD 200000 2.40% p.a. 2.40% p.a.
Above Tzs 200 Mn or USD 200000 1.20% Subject to Min. 120000 1.20% Subject to Min. USD 120
Bankers opinion /Confidential Report 30000 30
Registration of Loan Agreement with Bank of Tanzania N.A. UPTO 1 Mn USD-120 USD 1 Mn to 2 Mn- 300 USD
Above 2 Mn -600 USD
Commitment Charges 1.32 of undrawn
portion in case 50% average limit not utilized per quarter.
0.66 of undrawn portion in case 50% average limit not utilized per quarter.
Modification Charges 0.12% Sanctioned Limit. Minimum 120000 0.12% sanctioned limit Minimum USD 60.
Interchangeability Upto 100 Mn -60000 p.a.
Above 100 Mn 120000 p.a.
Up to USD 500000 USD 60 p.a.
Above USD 500000 USD 120 p.a.
BANK GUARANTEE
Financial/Performance per Quarter-Part of quarter treated as full quarter. Financial 1.35% Minimum per quarter or part thereof Min Tzs 18000 1.35% minimum per quarter or part thereof
Min USD 15
Performance
Extension of BG Above commission for change in period /amt. Above commission for change in period/amt
1.35% of BG amt for residual period of guarantee subject to min 18000 in case of any other parameter amended. 1.35% of BG amt for residual period of guarantee subject to min USD 15 in case of any other parameter amended.
BG against 100 Cash Margin 50% of above charges 50% of above charges
Bank Guarantee Swift charges USD 42 or equivalent applicable in
addition to above charges.
Bank Guarantee Confirmation 75% applicable charges + USD 42 Swift Charges
Documentary Credit IN FCY ONLY
Issuance of L/Credit 1.35% per quarter or part there of. This period includes the usance period in case of Usance LC’s+ USD 42 or equivalent swift charges.
LC against 100 Cash Margin 40% of above charges
LC Amendment For period and amount the above commission + USD 42 or equivalent swift charges.
0.42% of LC amt Min 60 USD and Maximum USD 360 or equivalent commission per amendment + USD 42 or equivalent swift charges.( Applicable for 100% cash margin also)
Advising LC USD 130 and or equivalent + USD 42 or equivalent swift charges.
LC Confirmation 1.00% per quarter or part there of This period includes the Usance period in case of Usance LC’s + USD 42
or equivalent swift charges.
IMPORTS/EXPORTS Bill
Inward Bill (Under-LC) 0.35% + Swift Charges 42 subject to Minimum charges USD 120
USD 65 in addition to above charges for Discrepancy.
Inward Bill (Non-LC) 0.65% + USD 20.00 Handling Charges + 35 Swift Charges .
USD 65 in addition to above charges for Discrepancy.
Exports Bill (Under-LC) 0.35%+ 42 Swift Charges+ USD 65courier Charges –Minimum USD 120.
USD 60 in addition to above charges for Discrepancy.
Exports Bill (NON-LC) 0.65% + 42 Swift Charges + USD 65 courier Charges subject to Minimum USD 120.
USD 65 in addition to above charges for Discrepancy
Security charges (T Bill and T Bonds)
Bidding NIL TZS.35000
Transfer NIL TZS.65000
Lien Creation NIL TZS.65000
Lien Release NIL TZS.65000
SALARY PROCESSING TZS 1200 USD 1.20
Change of Operational Instruction C. ACCTT TZS 30000 USD 30.00
SB.ACCTT TZS 12000 USD 12.00
S.I.
Failure CHGS
C.ACCTT TZS 6000 USD 2.40
SB.ACCTT TZS 1800 USD 1.20
MINIMUM BALANCE TO BE MAINTAINED IN
SAVING BANK ACCOUNT CURRENT ACCOUNT BARODA PREMIUM CURRENT ACCOUNT
TZS USD or other FCY TZS USD or other FCY TZS USD or other FCY
20000 50 200000 200 25 Mn 20000