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25th October 2014 - Home

Standard Tariffs of Charges

KIST BANK LIMITED
Standard Tariffs of Charges (Summary)
 
SERVICE TYPE CHARGES
A. CUSTOMER SERVICES
NRB Cheque issuance/ NRB Swift NPR 500.00
Stop Payments of cheque a) NPR 300.00 per instruction for same branch.
b) NPR 400.00 per instruction of other branch.
Standing Instruction NPR 250.00 per instruction
Good For Payment Charge a) NPR 300.00 per cheque for same branch
b) NPR 500.00 per cheque for other branch
Cancellation of Good For Payment cheque NPR 300.00 per cheque
Cheques Return Fee (due to insufficient balance only) For Inward / Home cheques : NPR 300.00 per cheque including over the counter and clearing cheques return
For Outward cheques (LCY chqeues)  : NPR 100 per cheque (both local clearing and collection cheques)
Balance Certificate
Issuance of Balance Certificate/ Reconfirmation of balance a) NPR 500.00 per certificate of same branch
b) NPR500.00 flat for any balance re-confirmation
Issuance of balance certificate - other branches NPR 750.00 per balance certificate
 
Account Closure
A/C close (C/A & S/A) within 3 months NPR 500.00 or USD 10.00 or equivalent.
A/C close after 3 months NPR 300.00 or USD 5.00 or equivalent
Account close to open fresh account at same or another branch NPR 200.00 flat.
Cheque Book
Cheque Book issuance  (fresh request) Savings Accounts: Free up to 25 leaves at one time issuance. For more than 25 leaves at one time issuance NPR 2.00 per additional leaf above 25 leaves.*
Current accounts / Call accounts: Free up to 50 leaves at one time issuance. For more than 50 at one time issuance NPR 2.00 per additional leaf above 50 leaves.*
Cheque Book issuance against lost Cheque Book NPR 200.00 per cheque book in case of same branch.
NPR 500.00 per cheque book in case of other Branches.
Charge for Uncollected Cheque Book NPR 300.00 per cheque book (Cheque books not collected within six months from issuance).
Cheque Book issuance of Other Branches NPR 200.00 up to 10 leaves and NPR 500.00 for above 10 leaves
Withdrawal Slip/Counter cheque NPR 50.00 per slip for same branch.
NPR 100.00 per slip for other branch.
Account Statement
Duplicate Account Statement NPR 20.00 per page. Free in case of issuance of Balance Certificate.
Account statement of Other Branches NPR 20.00 per page. Free in case of issuance of Balance Certificate.
 Duplicate, Customer DR / CR advice/ Record (On customer request)
Within 3 months of   transaction Free for first time when fresh advice is issued at the time of transaction place.
NPR 100.00 for duplicate document.
After 3 months and up to 2 Years NPR 200.00 per request.
After 2 years NPR 500.00 per request
Duplicate FD Certificate NPR 500.00
FD Liquidation a) No Interest if it is liquidated within 3 months.
b) Interest to be paid by applying coupon rate or prevailing published interest rate for the FD actually maintained period whichever is lower less 3% p.a. for the entire period of FD placed.
B. Safe Deposit Lockers (SDL)
All SDL customers are required to maintain a security deposit as per size of the offered Locker. The security deposit is refundable at the time of surrender of the SDL and the key by the customer.
Charges for Lockers
Type Dimension in mm Annual Charge Security Deposit*
1 15 X 20 (1A) NPR 1,000.00 NPR 5,000.00
2 15 X 40 (1C) NPR 2,000.00 NPR 8,000.00
3 20 X 25 (1F) NPR 3,000.00 NPR 10,000.00
4 20 X 50 (2B) NPR 4,000.00 NPR 12,000.00
5 30 X 20 (3D) NPR 2,500.00 NPR 10,000.00
6 30 X 40 (3G) NPR 5,000.00 NPR 15,000.00
7 40 X 50 (L2) NPR 8,000.00 NPR 20,000.00
Breaking of Locker/  Replacement of Keys NPR 5,000.00 or Actual Cost of lock replacement whichever is higher.
Surrender of Locker Free
C. FCY Notes
FCY note deposit into account 0.50% of the face value for denomination below USD 50.00
D. Card Related Fees (KIST Debit Card including VISA Debit and Credit Card)
Description of Charges SCT Debit Card VISA Debit (Domestic) VISA Debit Int'l VISA Credit Card Domestic VISA Credit Card Int'l
Card Issuance First Issuance Free NPR250.00 USD 5.00 NPR 750.00 USD 15.00
Renewal of  Debit  Card NPR 200.00 per year NPR 250.00 per year USD 5.00 per year NPR 500.00 USD 10.00
Debit Card for  loan   A/C NPR250.00 NPR250.00 USD 5.00 NA NA
Re-issuance (lost card   etc.) NPR200.00 NPR250.00 USD 5.00 NPR 500.00 USD 10.00
Pin Re- generation  of Debit Card NPR100.00 NPR100.00 USD 1.50 NPR 100.00 USD 1.50
Card delivery from other branches NPR100.00 NPR100.00 USD 1.50 NA NA
Uncollected debit cards NPR250 (if not collected within 6 months) Not applicable Not applicable NA NA
Urgent Card Issuance fee Normal card charge plus NPR 100.00
                   

 
Card Transactions Fees (KIST Debit Card including VISA Debit and Credit Card)
Charge Type SCT Debit Card VISA Debit (Domestic) VISA Debit Int'l VISA Credit Card Domestic VISA Credit Card Int'l
Onus Card Onus ATMs- Cash Withdraw Free Free Not Allowed NPR  100.00  
 
 
 
Onus Card Onus ATMs- Balance enquiry Free Free No Charge  
Onus Card Onus ATMs-Mini Statement NPR 5.00 NPR 5.00  NA  
Onus Cards SCT ATMs-Cash Withdrawal NPR 25.00 NPR 30.00 NPR 150.00  
Onus Cards SCT ATMs-Balance Inquiry NPR 3.00 NPR 5.00 NPR 5.00  
Onus Cards SCT POS Free Free No charge  
Onus Cards HBL ATMs-Cash Withdrawal NPR 25.00 NPR 20 NPR. 150  
Onus Cards HBL ATMs-Balance Inquiry NPR 3 NPR 5 NPR 5 Transaction not allowed.
Onus Cards at VISA ATMs(Nepal)-Cash Withdrawal Service not available NPR 150   NPR. 200  
Service not available  
Onus Cards at VISA ATMs(India)-Cash Withdrawal NPR 250   NPR. 250  
Onus Card at VISA ATMs (India)-Balance Inquiry NPR 50   NPR. 50  
Onus Card at VISA ATMs(International)-Cash Withdrawal Service not available USD 5 Not Allowed USD 5
Onus Card at VISA ATMs(International)-Balance Inquiry USD 0.75 USD 0.75
VISA / Master Card acquiring surcharge(Except for Cards issued from Europe, India and Nepal) NA NA NPR 400 NA NA
Interest on cash withdrawal NA NA NA 2.5% per month 1% per month
Late Payment Fee NPR. 300 per instance USD 5 per instance
Over limit fee NPR.250.00 USD.5.00
Limit Enhancement fee (customer request) NPR.500.00 USD.10.00
E. Counter Bill Payment
Nepal Telecom Bill Payment Free
Nepal Telecom GSM Postpaid Bill Payment
Nepal Telecom ADSL Bill Payment
F. REMITTANCES
Draft/SWIFT(including advance payment) in  FCY (Customer) i) 0.15% or minimum NPR500.00 for each draft /SWIFT in AUD / JPY*.
ii)0.15% or minimum NPR300.00 for each draft/SWIFT in USD / GBP /EURO
iii)0.15% or minimum NPR200.00 for each draft/SWIFT in INR*.
*Note: 1.For remittance outward through the medium of  SWIFT
Draft/Swift FCY (Non Customer - Student studying abroad only) 0.30% or minimum NPR 500.00 for each draft/swift*.
*Note: 1.For remittance outward through the medium of  SWIFT, communication charges as per Section N will also be charged in addition to commissions specified as above
 NPR Draft /  MC Issuance (Customer) 0.10% or minimum NPR 200.00
NPR Draft /  MC Issuance (Non Customer) 0.20% or minimum NPR 300.00
SWIFT MT 103 payment with charges “our” only to customer USD 20 / GBP 20 / EUR 35 / AUD 20 / JPY 5500 / INR 200 (or equivalent NPR amount) initially and additional charges as per claim of the intermediary bank.
Cancellation of Remittance DD/MC/etc
a) Up to six months from  draft issuance date a)   NPR 300.00 flat per draft plus communication
b)  > 6 months to one year from draft issuance date b)   NPR 500.00 flat per draft plus communication
c) > 1 year after draft issuance date c)    NPR 1000.00 flat per draft plus communication
d) Cancellation request of  SWIFT Payment d)   NPR 500.00 flat plus communication
Stop  payment of Manager Cheque (MC) / Demand Draft(DD) Stop payment of MC / DD(INR)
a) NPR 300.00 per instruction for same branch MC
b) NPR 500.00 per instruction for other branch MC
c) NPR 500.00 (plus communication charges as per Section N where ever applicable) for DD issued in INR
Stop Payment of  FCY Demand draft (other than INR)
a) GBP 25.00 or equivalent NPR  per instrument issued in GBP
b) AUD 20.00 or equivalent NPR per instrument issued in AUD
c) USD 10.00 or equivalent NPR per instrument issued in USD
d) EUR 20.00 or equivalent NPR per instrument issued in EURO
 Remittance / Inward 
Remittance inward a) Received in FCY from Correspondent Banks: Free of Charge.
(i.e. Remittance from SCB / Common Wealth Bank / Mashreq Bank / NIC Bank in USD / Yes Bank, etc.).
b) Received in LCY from other Local BFIs: NPR 200 flat per transaction or a/c credit.
(i.e. remittance in NPR from any other Nepali Bank.)
c) Received in LCY from Remittance Companies / Money Transfer: NPR200 flat per transaction or a/c credit.
(such as Annapurna Travels, Prabhu Money Transfer, IME for their sub-agent account funding or account credit of customers with us other than online payment system)
d) Remittance in LCY through Online Payment System: Free of Charge, Commission to be received separately as per agreement.
(i.e. remittance payment of IME, SDBL, Western Union, etc. through online payment system).
Transfer to another bank 0.20% or minimum NPR 300.00 inclusive of communication charges as per Section N.
Follow up SWIFT on remittances at customer’s  request NPR 750.00 per message plus other bank charges if any plus communication (As per section N.)
G. Nostro Cover Refund
Refund of Inward Payment & Nostro Cover USD 20.00 or equivalent (plus other bank charges if any and communication charges as per Section N)
H. Local Interbank Transfers (At the request of one bank to another)
 For third party Beneficiary 0.1% or minimum NPR 500.00 per transfer.
I. Travelers Cheques Issuance
Customer / Non customers 1% or minimum NPR 250.00 per transaction.
Travelers Cheques Encashment
a) Customer ( Collection ) a) 0.10% or minimum NPR 200.00 plus postage / courier as per Section N.
b) Customer ( Purchase) b) 0.50% or minimum NPR 300.00
 Non-Customer / Tourist (Purchase) a)  within valley :1% of face value / minimum NPR 350.00 inclusive of postage / Courier).
b)  outside valley :2% of face value / minimum NPR 350.00 inclusive of postage / Courier).
 
J. Cheque Purchase
Cheque Purchase FCY (subject to limit /approval) 1% or minimum NPR 500.00 plus postage for 21 days. Overdue charges @ 16.50% p.a. (highest published rate) from day 22 to the date of realization plus communication charges if any.
Returned Instrument (Purchased cheque) @ 16.50% p.a. from the date of purchase or minimum NPR500.00 (plus other bank charges and communication charge as per Section N).
Local Clearing  Cheque Purchase 0.05% per day or minimum NPR 350.00
K. Clean Cheque Collection
Local clearing cheques Free
Inward clean collection (except local clearing) 0.25% minimum NPR 500.00 (plus out of pocket expenses)
Cheque Collection Outwards FCY/LCY 0.125% or minimum NPR 500.00 plus postage/courier
FCY Cheque Bounce Charge FCY cheque sent for collection(outstation collection)
a) EUR 15.00 or equivalent NPR per instrument issued in EURO*
b) USD 10.00 or equivalent NPR per instrument issued in USD*
c) GBP 25.00 or equivalent NPR per instrument issued in  GBP*
d) AUD 45.00 or equivalent NPR per instrument issued in AUD*
e)  NPR.200.00 per instrument issued  INR*
Local clearing/collection/over the counter cheque return(both outward and inward)
a) GBP 5.00 or equivalent  NPR per instrument issued in GBP*
b)  USD 5.00 or equivalent NPR per instrument issued in USD*
c)  others if any NPR 500 for cheques issued in other FCY*
*Note-1.Postage and courier charges as per Section N to be charged in addition to above specified charges.
Issuance of Advance Payment Certificate NPR 250.00 per certificate.
L. TRADE FINANCE
Documentary Credit
Issuance commission of documentary credits Domestic LCs - 0.25% or minimum NPR 1,000 per quarter whichever is higher. **
International LCs - 0.15% or minimum NPR 1,000 per quarter whichever is higher. **
 Revolving L/Cs reinstatement ( As par with issuance commission of documentary credit) Domestic LCs - 0.25% or minimum NPR 1,000 per quarter whichever is higher. **
International LCs - 0.15% or minimum NPR 1,000 per whichever is higher. **
Usance / Acceptance Commission 0.30% or minimum NPR 2,000.00 per quarter whichever is higher. **
(** Communication charges as per Section N).
L/C amendment (Import) NPR 500.00 on all amendments except for increase in LC amount and / or extension of validity in which case charges shall be as per issuance commission of documentary credit plus communication charges as per Section N. However, no communication charges shall be applicable, where LC amendment is only for customs purpose.
Confirming commission (Subject to approval for  import LC) 025% - 0.50% per quarter or minimum NPR 3,000.00 per quarter, whichever is higher (plus communication charges as per Section N)
L/C cancellation  Charge  Fully unutilized: NPR 1,000.00 flat
Partially unutilized: NPR 500.00 flat (if partial shipment allowed) plus communication charges as per Section N).
Document Handling Charges (import –LCs  / Non LCs) NPR 1,000.00 for each set of documents (plus communication charges as per Section N).
Documents against  payment (DAP) 0.25% - 0.375%  per quarter or min NPR 1,000.00  per quarter 
(plus communication charges as per Section N).
Documents against Acceptance(DAA) a) 0.50% - 0.75% per quarter or min NPR 1,000.00 per quarter at the time of acceptance booking (plus Communication charges as per Section N).
b) NPR 500.00 flat at the time of payment.
Discrepancy Fees (Docs under import L/Cs)
a)   Convertible FCY L/Cs a) USD 50.00 or equivalent per set of document plus communication fee of USD 10.00 per set of document
b)   INR L/Cs  b) INR 2,000.00 or equivalent per set of Document plus communication fee of INR 500.00 or eqv. per set of documents
c)    NPR L/C (Domestic) c) NPR 3,000.00 per set of Document
Over drawn commission under Import L/C 0.50% on overdrawn amount or NPR 1,000.00 whichever is higher.
Issuance of Delivery Order under L/C  against copy documents. NPR 500.00 per set of documents
Interest rate on BLC Highest published lending rate of the Bank.
Commission for Import bills for collection Documents (including LC ) returned unpaid /unaccepted NPR 1,000 per instrument or per set of document
(communication charges as per  Section N.)
BCI Report obtainment charge As claimed by the BCI report provider(plus communication charges as per Section N)
Advising / Amendment in Export L/Cs
Advising Export Letter of Credit or subsequent amendment for L/Cs not to be negotiated  with us. NPR 3,000.00 Advising (plus communication charges as per Section N).
NPR 2,000.00 Amendment (plus communication charges as per Section N).
Advising Export Letter of Credit or subsequent amendment for L/Cs to be negotiated (both LCY & FCY) with us. NPR 1,000.00 Advising / Amendment (plus communication charges as per Section N).
a) Documents Negotiation  under Sight L/C a) 0.6% at Doc value up to 21 days. Interest @ 18% p.a. after 21 days till the date of realization (plus communication / courier charge as per Section N).
b) Documents Negotiation under Usance L/C b) 0.6% at Doc value on flat basis. Interest @ 18% p.a. with effect from next working after the date of maturity of documents till the date of realization (plus communication / courier charge as per Section N).
 L/C Transferring Charge NPR 1,500.00 flat (plus communication charges as per  Section N)
Processing  documents under collection under Export LC 0.10% of document value or min Rs 1,000.00 (plus communication / courier charges as per Section N).
Documents under collection without L/C  including CAD 0.25% per quarter or min Rs 1,000.00 per quarter (plus courier / communication charges as per Section N).
Confirmation Charge  (Export LC) subjected to   prior arrangement 0.25% per quarter of LC value or minimum NPR1,000 per quarter (plus courier charges/communication charges as per Section N).
Document Handling charge (Export LCs / Non LCs) NPR 1,000.00 for each set of documents (plus communication charges as per Section N).
M. Guarantees
Bid Bond a) 100% Cash margin (i.e. only either against cash margins or lien mark of non-interest bearing deposits) : Free 
b) Others: 0.3125% per quarter or minimum Rs 750.00 per quarter, whichever is higher
Performance Bond a) 100% Cash margin (i.e. only either against cash margins or lien mark of non-interest bearing deposits) : Free 
b) Others: 0.375% per quarter or minimum Rs 750.00 per quarter, whichever is higher
Advance Payment Guarantee a) 100% Cash margin (i.e. only either against cash margins or lien mark of non-interest bearing deposits) : Free
b) Others: 0.4375% per quarter or minimum NPR1,000.00 per quarter, whichever is higher
Supplier Credit Guarantee a) 100% Cash margin (i.e. only either against cash margins or lien mark of non-interest bearing deposits) : Free 
b) Others: 0.4375% per quarter or minimum NPR 1,000 per quarter, whichever is higher
Guarantee issued by usagainst the guarantee  issued by other bank (FCY/NPR) 0.375% per quarter or minimum NPR 1,000.00 per quarter plus commission / charge of other bank plus out of pocket expenses
Shipping Indemnity NPR 1,000.00 flat
Amendment not affecting value & validity NPR 750.00 flat plus communication charges.
Amendment affecting value & validity The same rate as fresh issuance
Guarantee cancellation Charge (Before expiry) NPR 500.00
Claim Handling Charge NPR 1,000.00 per claim
N. COMMUNICATION, POSTAGE AND TEST KEY HANDLING CHARGES
Communication   –  SWIFT
Simple payment message (Nepal) NPR 500.00 per message
Simple payment message (India) NPR 750.00 per message
Other messages (India) NPR 750.00 per message
L/C, GTEE messages India Corporate Clients: NPR 1,000.00 per message
Non-Corporate Clients: NPR 1,500.00 per message
Simple payment message (Elsewhere) NPR 750.00 per message
Other messages (Elsewhere) Corporate Clients: NPR 750.00 per message
Non-Corporate Clients: NPR 1,000.00 per message
L/C, GTEE messages (Elsewhere) NPR 1,500.00 per message
SWIFT charge for advising Reimbursement authorization NPR 750.00 per message.
SWIFT charge for advising due date under Usance Credit NPR 750.00 per message.
SWIFT charge for Amendment in import  LCs. NPR 500.00 per for single page amendment (i.e. for initial page only). However NPR 300.00 per page to be charged for every additional page of amendment.
SWIFT charges  for  correspondence done on behalf of  bank for bank’s own purpose Free
Courier (For each packet up to 500 gms.)
Nepal NPR 100.00
India NPR 350.00
Other Countries Actual Cost basis as per arrangement with Courier service or Minimum NPR1,000 per set of documents whichever is higher.
Postage
Nepal NPR 50.00 per set of document
India NPR 100.00 per set of document
Other Countries NPR 500.00 per set of document
O. CREDIT ADMINISTRATION DEPARTMENT
Credit inquiries Reciprocal basis. NPR 500.00 per enquiry for banks without reciprocal arrangement.
Late submission of stock/debtors list NPR 50.00 in case of KCLUK and NPR 500.00 per instance if statement submission delayed by more than 7 days for otheNPR
P. LENDING FEES
Commitment Fee (Term Finance) 2% p.a. of undrawn limit
Commitment Fee (Working  Capital Finance) 2% p.a. if utilization is below 50% (For eg. If utilization is 40% only, the commitment fee will be applicable for the differentiate i.e. for 10% only)
Prepayment Charge a) Term loan: 2% (flat) for amount settled before the committed Tenure
b) OD and revolving nature loan: Free (No Charge)
Loan Administration Fee 1% of loan limit
Loan against FD  administration fee NPR 100.00 (flat)
Letter issue for Share pledge ( Margin Lending) NPR 100.00 per letter.
Pledged share release charge (Margin Lending) NPR 100 per letter.
Real Estate collateral release charge  NPR 500.00 per release
Letter issuance to Land revenue office/ Local Authority/Survey office etc. NPR 500.00 per letter
Temporary Release charge of original LOC NPR 500.00 per release
Letter issuance to Yatayat Office NPR 500.00 per letter
 Q. PENAL INTEREST
 Principal Penal Ranging from 1% p.a. to 3% p.a. based on overdue tenure on overdue amount.
 Interest rate on Interest Ranging from 1% to 3% p.a. based on overdue tenure on overdue interest / outstanding principal amount.
R. SHARE TRANSACTION FEES
 Share Transfer Charge  (Our bank) NPR 5.00 per transaction
Share pledge confirmation charge (our bank) NPR 100.00 per pledge confirmation
Share split charge (Our Bank) NPR 50.00 per split
Share unification charge NPR 500.00 per unified certificate
Share Certification charge NPR 200.00 per certificate
Duplicate Share Certificate  issuance NPR 500.00 per certificate plus notice publication expenses on actual cost basis.