Service Charges

Schedule of Charges with effect from 01/01/2010

 

Sr. No

Type of account/ charges

Amount / description

 

1

Savings Bank Account

  • Minimum average quarterly balance - GBP 100 w.e.f. 01.07.2014. Minimum balance charges (for non-maintenance of minimum quarterly average balance) - GBP 5 w.e.f. 01.07.2014.

 

2

Current/Overdraft Accounts –

Individuals: 

Maintenance charges

Transaction Charges:

 

  

£ 5/- per quarter

50p per credit/debit on all Current/ Overdraft accounts. In case of clearing, 50p for each instrument sent in clearing.

  • No maintenance or transaction charges if £ 500/- minimum balance is maintained during the quarter

3

Current/Overdraft Accounts –

Firms & Companies

Maintenance charges

Transaction Charges: 

 

 

 

£15/- per quarter 

50p per credit/debit on all Current/ Overdraft accounts. In case of clearing, 50p for each instrument sent in clearing.

4

Cash Handling Charges: 

  • 30p per £100/-

(In case of all cash deposits tendered over counter except in case of cash deposits in Savings Bank Accounts) 

5

Cheques/Direct Debits returned by us

  • £ 10/- per direct debit returned
  • £ 15/- per cheque returned
  • (For reason of insufficient funds or other reasons of customer)

6

Cheque returned to us

  • £10/- per instrument  

7

Special presentation by us

  • £15/- per cheque

8

Standing Order (SO)

  • Within BOB accounts in UK - Nil
  • Outside BOB - £1/- for BACS
  • Others than BACS - £ 5/- + remittance charges

Overseas remittances:-

£ 10/- per S.I. + remittance charges

£ 5/- for non execution of SI in case of insufficient funds

9

Issue of Bankers Cheque 

  • £ 10/- per instrument 

10

Issue of duplicate statement

  • £ 3/- per page (Min. £ 5/-)

11

Stop Payment of Cheque/

Direct debit

  • £ 15/- per cheque maximum £30/- at a time.
  • No separate charges for cheques/ direct debits returned thereafter for the stopped cheques/ direct debits

12

Information/Certificate to be supplied to Constituents

  • £ 30/- per certificate

13

REMITTANCE: 

Cash Handling Charges:
(Revised w.e.f 24.02.2014)

In case of all types of remittances where cash is tendered:-

Up to GBP 500            - £ 5
GBP 501 to GBP 1000 - £ 10
Above GBP 1000         - £ 1 per hundred or part therof Cash charges will also apply where cash deposited on same day in SB accounts for remittance on the same day.

 

Apart from cash charges, following charges will apply :-

A) Local Remittances in GBP:

 

 

CHAPS/ Same day Payments

  • £ 20/- per payment

 

Next day payments

  • £ 10/- -- do --

 

Future dated payments

  • £ 2/- -- do --

 

BACS payments

  • £ 1/- -- do --

 

B) Overseas Remittances:

B (1) Rupee Funds transfer to India

 

 

B (1.1) Personal remittances

(Individual to Individual)

 

 

  • Rapid Funds 2 India /MT/TT

( To all personal accounts with Bank of

Baroda in India)

  • Free

 

 

  • NEFT/ Demand Drafts

(From all personal accounts with Bank of

Baroda in UK to any other bank in India)

  • £ 5/-

 

  • -All Others

(e.g. For all non customers both in UK and in India through DD / NEFT / SWIFT)

(Revised w.e.f. 24.02.2014)

 

  • Up to GBP 2000 - £ 10/-
  • Above GBP 2000 - 1 % of amount remitted 

 

ClickFunds2India

  • - To BOB account in India

- To accounts with other banks in India

 

Free

  • £ 10/- per transaction

 

B(1.2) Commercial:

(Non-individuals):

Account either in India/UK with Bank of Baroda

By- DD/MT/ SWIFT

 

Up to GBP 5000 - £10/-

Above GBP 5000 - £ 20/-

 

 

All others

(e.g. For all non customers both in UK and in India through DD / NEFT / SWIFT)

(Revised w.e.f. 24.02.2014)

 

Up to GBP 2000 - £ 10/-

Above GBP 2000 - 1 % of amount remitted

 

 

B (2) All other overseas remittances

  • £ 1/- per thousand Min. £ 10/-, Max. £ 30/-
  • SWIFT charges- £ 20/-  

14

Closure of Account

  • Nil, if the account is closed after 1 year, otherwise £10/- after cooling off period as prescribed in terms and conditions.

15

Interest on unarranged/

temporary OD in CA/SB accounts

  • 12% OBR + monthly usage fee of £12/- 

16

Search Report in case of Limited Company

  • £ 50/- or actual amount whichever is higher (£125/- + VAT in case of overseas companies) 

17

Status Enquiry/Bankers Report

  • £ 20/- per report 

18

Inoperative/ Dormant Account

(Applicable to accounts not linked to Fixed Deposit/ Loan Account and where there is no customer initiated operation continuously for 2 years)

 

£ 5/- per half year 

 

19

Amendment/Cancellation of DD/MT 

 £ 10/- per cancellation

20

Renewal fee/ Postage for FCNR/

Overseas Fixed Deposits

 £ 15/- per renewal

21

Outward Bills

Clean -

Cheques/ Foreign Currency

Cheques/ Travelling cheques

 

GBP

USD

EURO

Upto 250

5

8

6

251-5000

10

15

11

5001- 20000

30

50

35

20000 and above

50

80

55

(Above charges are inclusive of postage)

22

Travellers Cheques

- Encashment

 

0.25% Min. £ 10/-, Max. £50/- 

23

Other Charges:

A) Postage

    - UK / Europe

    - Other Countries

B) Courier

    - For UK./Europe

    - For other countries

C) SWIFT

 

£ 6/-

£ 10/-

 

£ 10/-

£ 20/-

£ 20/-

Note :

  1. All charges (Except at S.No:21) are shown in GBP. In case of other currencies, current conversion rate will be applied.
  2. Charges from Sr. No. 4 to 22 applicable to all types of accounts.
  3. Our correspondents may deduct charges in case of various overseas remittances which will be over and above our above schedule of charges.
  4. Bank Reserves the right to vary this schedule and Service Charges stated herein above after giving due notice.
  5. Out of Pocket Expenses such as Stamp duties, Telex, Swift, Telephone charges etc. incurred at the request of the Customer and Correspondent's commission and charges if any are recoverable additionally.
  6. In keeping with Money Laundering Directives, the Bank does not encourage cash transactions. The Bank may accept cash under £2,000/- at any one instance, with suitable identification and evidence of residency for UK residents. In case of excessive deposit of cash, the Bank may, at its discretion accept such amounts provided the depositor can satisfy as to the source of funds in addition to proof of identity and evidence of residency.

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