Mercantile Bank Limited

Research and Planning Division

Head Qffieq Dtraka

Instruction Circular # L7 O

4 tZOtl

January 9,2017

All Head of Branches & SME/Krishi Branches

All Divisional/Departmental Heads at Head Office
Regional Head, Chittagong

Mercantile Bank Limited

Bangladesh.

Re: REVISED SCHEDULE OF CHARGES.

This is to mention that some clauses of existing Schedule of Charges have been revised in an
effort to making our position even more competitive in the banking industry by way of being
customer centric for scouting more businesses in volume and thereby to boost up profitability

of

the Bank.

We enclose herewith the

amended version

of

Schedule

of

Charges

with

some

modification/changes in order to delivering competitive as well as customer focused services in

different segments. Please note that" the revised Schedule of Charses

will be effective from

Januarv 10,2017.
Here it is pertinent to mention that PDF copy of the latest Schedule of Charges of the Bank being
preserved at the R&P folder of

MBL File Share (File Share/R&P/Common/Schedule of Charges)

or you may find the same through your access to our website www.mbl,

com

You are advised to bring the contents of this circular to the notice of all

concerned

executives/officers for meticulous compliance.

If

you have any confusiorVquery, please do not hesitate to contact Research and Planning

Division or International Division, Head Off,rce.

Sincerely Yours,

M. Gbtam Kibria, FCA

Executive Vice President

d Masoom
Deputy Managing Director & CSBO

Copy to:
01. PS to the Managing Director and CEO, Mercantile Bank Limited, Head Office, Dhaka.
02. PS to the Additional Managing Director, Mercantile Bank Limited, Head Office, Dhaka.
03. PS to the Deputy Managing Directors, Mercantile Bank Limited, Head Office, Dhaka.
04. SEVP, IT Division, Mercantile Bank Limited, Head Office, Dhaka.

Mercantile Bank Limited

Head Office, Dhaka

Schedule of Charqes
Ref: lnstruction Circular no. 1706/20'17. Dated: Januarv 9. 2017
1. General Banking
Nature of

Services

Revised

Charge

Collection

1.1

i) Where there is a Clearing House - Free

1.1 (iI

Collection of Local Cheque/Bill/Draft

Cheque returned unpaid from Clearing

1.1 (ii)
I

r.r

Charge

House

lnward Cheque charge BDT 200 & Outward Cheque charge

Charge

Bounced cheque drawn on us (cash,

1iii1

i-,

li) Where there is no clearing house - conveyance at actual, but

minimum BDT 100

BDT 300 (flat) per instance from the account of the Drawer of

Charge

clearing or transfer)

BDT

100

cheque
i) upto BDT 25,OOO @ 0.20%,

but minimum BDT 50

I
I

ii) From BDT 25,001 to BDT 1 lac @ O.2O%, but minimum BDT 100

Collection of Outstation
1.1 (iv)

Commission

Cheques/Bills/Drafts
(Clean/Documentary including lBPs)*

iii) From BDT 1,00,001.00 to BDT 5 lac @ 0.75%, but minimum BDT
200
iv) Above BDT 5 lac @ O.7O%, but minimum BDT 750, maximum
BDT 5,OOO
Charge on resular value cheoue:
Less than BDT 50,000 - No Fee
BDT 50,000 but less than BDT 5,00,000 - BDT 10 (including VAT)
BDT 5,00,000 and above - BDT 25 ( including VAT)

Charge

1.1 (v)

BOT 5,00,000 and above - BDT 60 (

1.1 (vi)

1.1

(vii)

Postage (Registered/Courier)

Charge

Telephone

Charge

including VAT)

actual + VAT
lLocal - BDT 5 per minute, but minimum BDT 10
Overseas - BDT 15 per minute, but minimum BDT 50

lssuance of Cheque Books

L.2

1.2a lssuance of MICR Cheque Books

1.2a (i)

Current Account/5hort Term Deposits

1.2a (ii)

Savings Account

1.2a (iii)

Charge

BDT 4 Per leaf + VAT

ilssu" of ne* cheque book in caie of lost

r

Charge

)-

BDT 3 Per leaf + VAT

l

Service

Charge

BDT 100

o!

1.2b lssuance of Bangladesh Bank Cheque

1.2b (i)

lssuance of Bangladesh Bank Cheque

Charge

BDT 1000 per instance

Closing charge

1.3

Service Charge

BDT 3OO

Savings

Service Charge

BDT

All Schemes and FDRs

Service Charge

No Charge

itr'!L

STD/C

r.g (ii)

tr

1.3 (iii)

200

* comnission on collection of outstation cheques/Bill/Draft will not be applicable for institutional account
NI,\ C

rJ
Page 1 of 6

Mercantile Bank Limited

Head Office, Dhaka

Schedule of Charqes
Ref: lnstruction Circular no. 1706/2017. Dated: Januarv 9. 2017

1. General Banking
Nature of

Services

Revised

Charge

nt Transfer charge

1.4
1.4

(i)

srD/cD

Service

Charge

BDT 300

1.4 (ii)
1.4 (iii)

1.5

Savings

Accounts under Schemes

(MSS and PFSD)

Service Charge

BDT 2OO

Service Charge

BDT 2OO

Remittance (lnland)
lssue of

Commission

DD*I-I

Minimum

1.s (i)

1.s (ii)

@ 0.L0%
BDT 50

Telephone charges for TT

Charge

BDT 50

Cancellation of DD/TT

Charge

Up

to

8DT 500 - Free; Above BDT 500 - BDT 200

i) Upto BDT 10,000 - BDT 25

lssue of Pay-Order+/Securlty Deposit

charges

Receipt (SDR)**
1.s (iii)

iii) Above BDT 1,00,000- 8DT 100

Cancellation and/or lssue of Duplicate
Pay Order/Security Deposit Receipt

Charge

up to BDT 500 - Free,

Above BDT 500 - BDT 300

Charge

BDT 500 + vAT

(sDR)**

1.6

lssuance of Duplicate lnstruments

1.6 (i)

L.7

ii) Above BDT 10,000 to 8DT 1,00,000 - BDT 50

lssuance of Duplicate lnstruments

(except PO/SDR)

Standing Instruction
BDT 150 for execution of each instruction

(except loan a/c)

Standing lnstruction

1.7 (i)

1.8

Charge

ii) No Standing lnstruction charge for transfer of balance from any

deposit account to Scheme Account(s) and Vice Versa

lssuance of Guarantee and e-GP system

i) 0.25% to 0.60% per quarter or part
1.8

(i)

Commission/

lssuance of Guarantee

Service Charge

thereof**

fii) Lump sum BDT 300 in case of 100% cash margin

iii) 5ervice charge of BDT 1,000 per instance

1.8

(ii)

e-GP

charge

BDT 300 per instance for any type of e-GP services

in connection with
'i1 e'anf witt charge commission of BDT 10.00 (ten) only for issuing DrafUPay Order (not exceeding BDT 1,000)
application by the students/unemployed youth for employment.

'ii) VAT will be realised as per government rules.

.-(i) Commission will be realized on the basis of Banker-Customer relationship which will be approved by the management of the Bank
-,(ii) Branch shall have to realize the upper band of the commission/charge when guarantee is given under the delegation power of Head
of Branch

Page 2 of 6

Mercantile Bank Limited

Head Office, Dhaka

Schedule of Charqes
Ref: lnstruction Circular no. 1706/2017. Dated: Januarv 9.2017

1. General Banking
Nature of

Services
1.9

Revised

Charge

lncidental Charges (except empolyees' account)

Current and STD Account

1.e (i)

Charge

Savings Account

1.e (ii)

Charge

All Loan Accounts

{exceot Staff Loan)

Charge

No Charge
No Charge

No Charge

Limit less than BDT 1 Lac

1.e (iii)

No Charge

Limit from BDT 1 Lac to BDT 1 Crore

Limit above BDT

Charge

No Charge

Crore

No Charge

1.10 Account Maintainance Fee (except StaffA/C, School Banking A/C, Financial lnclusion A/C, Agriculture Loan A/C)
1.10 (i)

Current and SND Account

Charge

BDT 500 half yearly on each account irrespective of Ealance

Half Yearly Average Balance:

Savings Account

1.10 (ii)

Charge

up to BDT 5,000- Nil

Above BDT 5,000 to BDT25,000- BDT 100
Above BDT 25,000- BDT 300
on halfyearly basis

Loan Accounts (except PC, PAD, Staff Loan)

Limit less than BDT 1 Lac

1.10 (iii)
Cha rge

Limit from BDT 1 Lac to BDT 1 crore

BDT 800 + VAT

BDT 1000 + VAT

above BDT 1 Crore

Service

1.11

Small - BDT 2,000

Rent (Annual_360
Days)

ii) Medium - 8DT 4,000

iii) Large - BDT 5,000

i)Small1.11 (i)

Security Deposit
(Refundable)

Locker Service

BDT 2,000

ii) Medium - BDT 4,000

iii) Large - BDT 5,000

Replacement of Key
BDT 5,OOO
(Lost/Damage)
l-I

Closing Charge

Page 3 of 6

NIL

Mercantile Bank Limited

Head Office, Dhaka

Schedule of Charqes
Ref: lnstruction Circular no.1706/2017. Dated: Januarv 9.2017

1. General Banking
Nature of

Services

Revised

Charge

Services

1.12
1.12 (i)

Stop Payment lnstruction

Service Charge

200

1.12 (ii)

lssue of Certificate to customers

Service Charge

8DT 300

1.12 (iii)

lssuance of BO Certificate

Service Charge

BDT 1OO

1.12 (iv)

lssue of Account Statement a

Service Charge

BDT 25 per lnstance

1.12 (v)

lssue of Balance Confirmation Certificate

Service Charge

Yearly & Half-Yearly free. But more than that BDT 200 for each
instance thereof.

Processing Fee

Nil

for Credit Operation

1.13

Loan Against all Schemes/FDR/Share/all

(i)

other Securities

Loan Processing Fee (Sanctions/renewal /enhancement/extension)

upto BDT 25,00,000

1.13 (ii)

BDT 25,00,001

to

Processing Fee

BDT 50,00,000

Processing Fee
Nil

BDT 50,00,001 to 8DT L crore

Processing Fee

Above 8DT 1 crore

Upfront fees (Pro.ject Finance/Structured

finance/Bilateral/Syndication loan)

1.13 (iii)

t-

1.13 (iv)

Processing Fee

-+Commitment

1.13 (v)

(vi)

Fee (On undrawn amount

of funded facilities within 3 months)

jEarly Settlement Fee
;(For lnstalment loans except Staff

Commission

Nil

Commission

Nil

Commission

2.OO%

i) BDT 300 for loan under Schemes

Price of Loan Application Form(s) (except

Charge

Staff)
1.13 (vii)

1.13 (viii)

o^ outstanding amount (except staff)

For other loans BDT 500

CIB Charge

Cha

rge

Commission/

Others (not specified above)

actual + VAT
be fixed by the Management

*t*lssue of account statements:

Current and SND Account

Savings Account

2 (Two copies of fuC Statemenvyear: Free

Scheme Deposit Account

2 (Two copies of A,/C StatemenUyear: Free

(One copy of A/C Statemenuweek: Free

Page 4 of 6

Mercantile Bank Limited

Head Office, Dhaka

Schedule of Charqes
Ref: lnstruction Circular no. 1706/2017. Dated: Januarv 9. 2017

1. General Banking
Nature of

Services

Revised

Cha

Charges

L,L4

1.14a On-line Charges

1.14a (i)

t-

1.14a (ii)

lnter city (per instance) for Deposits,

withdrawal or A/C to A/C transfer

Commission/

MSS (per instance) if deposited in other

Commission/

NIL

Cha rge

Branch

NIL

Cha rge

Half Yearly Basis

(total amount of online transections)

Service

BDT0

Account

Charge

Above BDT 10 lac to BDT 1 Cr: BDT 500;

Above BDT 1 Cr to BDT 5 Cr : BDT 2,000;
Above BDT 5 Cr : BDT 5,000

BDT 10 lac ; BDT 100;

Half Yearly Basis

1.14a (iii)

(total amount of onllne transections)

Savings Account

Banking Accounts/
lnclusions Accounts/
Loan Accounts

I
1.14a (iv)

to

Current, SND and Cheque Bearing Loan

Collection of other Branch cheques

through clearing house

to

BDT 10 lac : BDT 100;

Service

BDT 0

Charge

Above BDT 10 lac to BDT 1 Cr: BDT 500;

Above BOT 1 Cr to BDT 5 Cr : BDT 1,000;
Above BDT 5 Cr : BDT 2,000

Service
Charge

Commission/
Charge

NIL

1.14b BD-RTGS Charges

1.14b

BD-RTGS

transaction

Service Charge

lf RTGS transaction is made Tk. 1 lac and above, charges will be

imposed Tk. 100 and VAT Tk. 15 on each outward transaction

i'r

Page 5 of 6

L,

Mercantile Bank Limited

Head Office, Dhaka

Schedule of Charges
Ref: lnstruction Circular no. 1706/2017, Dated: Januarv 9, 2017

1. General Banking
Nature of

Services

Revised

Charge

1.15 Card Feesr

1.15a Credit Card
1.15a

(i)

Annual/ Renewal
Dual/lnt'l Classic
Dual/lnt'l Gold

Fee
USD 20

Annual/

Local Classic

BDT 750

Renewal Fee

Local Gold

BDT 1, 500

Dual/lnt'l

USD 60

Local Platinum

t lla

(1i)

_L_B-D_Llr0_,00

_Supplemenlgqr Card Fee

(lst one

is free

for all local ploducts)

_ _
Classic

,Dual/lnt'l_G_old.
Local

Supplementary

,r-;;;ti"rJ'
Du

card

BDT 375

Fee

BDT 750

l/l nt'l Platinum

USD 30

Local Platinum

E1E(!!L

Classic

USD 10

Gold

USD

Local Classic

15

Replacement

BDT 4OO

Fee

qqr 5qq

Local Gold

USD 30

BDT 2,OOO

1.15a IlyL _LS!e

Layqelt lbalge

Dual/lnt'l Classic
Dual/lnt'l Gold

USD 10

Charge

Local Gold

8DT 250

Dual/lnt'l Platinum
,r-oiji ptatinum

USD 10

Errso

UL _ qsg$ 9verllrryqlhalle.
lDra]/lnt'l Classic_

usD 10
BDT 250

Late Payment

Local Classic

I usD 1q
USD 10

Pc!U!!lt9old

Excess Over

Local Classic

Limit

BDT 350

Charge

Local Gold

BDT 350
USD 10

Dual/lnt'l Platinum
Local Platinum

BDT 350

1.15b Debit Card

1.1sb (i)

Annual/Renewal Fee
Supplejnentary Card Fee
(Annualy)
,SMS Service Charge
,Replacement Fee

i:- E;

1.15c Pre-Paid Card

I

1.15c

(i)

Prepaid Cards

lStudent, C.rds
Treatment Cards
Virtual

qqT 40o

--l

BDT 4OO

Fee

BDT 1OO
BDT 4OO

--'t--_-

-I

Fee

Annual/Renewal Fee BDT 500 (for Local)

tJsD 20 lfor !nt't) & No Loadine Charee
Annual/Renewal Fee USD 15
Annual/Renewal Fee USD 40

. Card Fees mentioned above is exclusive of aPPlicab le Govt. Tax. VAT etc
Employee & Staff cards shall be free for all products
Bankers all over the country may enjoy MBL cards at 50% discount
MBL may offer Pre-approved cards lifetime free
Debit Cards issued against corporate accounts may be free
bv MBL
All other fees/charqes not mentioned above in relati on to MBL Cards will be soecified

division.

the charge/ commission

Note: The Managing Oirector and CEO will have the descretion to change (enhance/reduce/waive)
will enioy the same
AMO/DMO
concerned
CEO,
MD
&
of
according to Bankor'Customer relationship. ln absence
& CEO.
Director
Managing
lfrom
post
facto
approva
to
r
subject
discretionary Powe

Page 6 of 6
c

*<

Mercantile Bank Limited

Head Office, Dhaka

Schedule of Charses
Ref: lnstruction Circular no. 1706/2017. Dated: Januarv 9. 2017

2. Foreign Trade
Services

Nature of Charge

Revised

lmport
2.1 (i)

Each subsequent Quarter

part

2.1 (ii)

lCommission for opening of Back to

isack UC including EDF VC against

thereof

or

to 0.40% for each quarter & part thereof+

rt thereof

2.1 (iv)

for each quarter & part thereof*

Each subsequent Quarter

or

Each subsequent Quarter

1st

Acceptance Commission (BTB L/C

against contract)

to O.4Oyolot each quarter & part thereof*

or

2.1 (vii)
2.1 (viii)

Quarter

Commission for opening of L/C under

Deferred Payment & UPAS

Per Quarter or part thereof

L-

Minimum Commission

Acceptance Commission (DP, UPAS

for each Quarter

etc bills)

lf transmitted copy of L/Cs are sent by mail (This

advising Bank)
lf L/Cs are transmitted by SWIFT

2.3

2.3

(ii)

l J (rrr)

L/C

0.10% to 0,50% for each quarter & part thereoft

BDT 1,OOO

O.10% to 0.4OYotor each quarter & part

thereoft

But minimum BDT 1,000

transmitted by SWIFT

Short form or free format message

ln-operative L/C transmitted

At Actual

-r-

bY

Foreign

At Actual

Local
Foreign

At Actual

Local
ForgiCn

swrFT

At Actual

Local

Amendment of local L/C by mail (This shall cover

cost of registered mail of amendments to Advising

2.4

for each quarter & part thereof*

actual

shalt cover cost of registered mail of local L/C to

2.3 (i)

]O.CO%

Processing fee USD 30 per instance plus SWIFT charge at

lmport without L/C

lr
2.2

But minimum BDT 500

Each subsequent Quarter or

But minimum BDT 2,000
part thereof

t2.1(vi)

But minimum BDT 2,000

1st Quarter

Acceptance Commission (BTB VC

against export L/C)

part thereof

2.1 (v)

But mtntmum BDT 500

1st Quarter

Commission for opening of Back to

Back L/C against contract

thereof

2.L

For LOO% margin commission should not be more than

0.25% per quarter & part thereof

1st Quarter

lexport Llc

thereofr

But minimum BDT 1,000

Each su bseq uent Quarter or

t
2.1 (iii)

0.10% to 0.40% for each quarter & part

1st Quarter

Commission for opening of L/C under

Cash/Al D/Loan/Barter etc

i) Amendment Charge BDT 500

ii) Mailing charge at actual

Ban k)

* Commission will be realized on the basis of Banker-Customer relationship which will be approved by the management of the bank.
* Branch shall have to realize the upper band of the commission/charges when L/c's are opened under the deligation power of the Head of the
Bra nch

* VAT

is applicable on realized Commission

& charges at prevailing rate'

Page 1 of 6

t
9rnct

Mercantile Bank Limited

Head Office, Dhaka

Sehedule of Charqes
Ref: lnstruction Circular no. 1706/2017. Dated: Januarv 9. 2017

2. Foreign Trade
Services

Nature of Charge

SWIFT Charge for L/C amendment

2.s (i)

t-

Processing fee for acceptance

2.s (ii)

t-

Foreign

At Actual

I,

Local
I

700

Foreign

f-

Local

2.s (iii)
2.5

2.s (iv)

Cash/DP/UPAS

Processing fee for Reimbursement

Authority/Pl

BTB L/C

lirocessir,e ree fo, p.vr*nioi roirr

bills through Bangladesh Bank vide

Revised

LC

5,000
above USD 5,000
up to usD 7,500
above USD 7,500
.
Up

to

USD

7,500

USD 15
USD 30
USD 10
USD 20
: USD 20

above USD 7,500 : USD 50

for Payment of Local

2.s (v)

Bills through Payment

Order/DD/BFTN
2.5 (vi

BDT 1,500

Confirmation of Authenticity of SWIFT

messages of Correspondent banks to

lqrtq,1lerl

BDT

750

lf amendment includes increase of

-_]_

value or extention oftime, then L/C

2.6

(i)

opening commission for additional

time or value shall be recovered as
prescribed in the opening page

2.6
2.6

{ii)

As described

Any amendment of L/C after expiry

(excluding Back-Back L/C): fresh L/C

in Para 2.1 (i, ii and iii) in earlier page

As described in Para 2.1 (i, ii and iii) in earlier pa8e

opening chargees should be realized

as oer schedule
lAmendment Communication Service
J

2.6 (iii)

For arranging Add confirmation from

2.7

third Bank

2.7

ll

For Sight L/C on Opener's A/C

2.7

(iil

For Sight L/C

2.1

(iil

a) Foreign Correspondent's actual commission & charges

b) Service charge at actual, minimum BDT 2,000
) Service charge at actual,

on Beneficiary's A/C

b) Service charge at actual, minimum BDT 2,000

Service charge at actual, minimum BDT 2,000

Beneficiary's A/C

t1

Commission/charges for confirmation

of DP L/Cs over 180 days and for siSht
L/Cs

BDT 2,000

t-

-]-

livl

minimum

a) Foreign Correspondent's actual commission & charges

For DP L/C upto 180 days on

Applicant's A/C
For DP L/C upto 180 days on

2.7

BDT 750

l.n.rqg

To be quoted by lnternational Division, Head Office by

arrangement with the Confirming Bank

of Big amounts

*Commission will be realized on the basis of Banker-Customer relationship which will be approved by the management of the bank.

* Branch shall have to realize the upper band of the commission/charges when L/c's are opened under the deligation power of the Head of the
Branch

*VAT is applicable on realized Commission & charges at prevailing rate'

Page 2 of 6

Ornc!

Mercantile Bank Limited

Head Office, Dhaka

Schedule of Charqes
Ref: lnstruction Circular no. 1706/2017. Dated: Januarv 9, 2017

2. Foreign Trade
Nature of Charge

Services

At actual as per schedule of charges of Foreign

Correspondents (to be realized at the time of L/C opening)

Foreign correspondence charge for all types of L/Cs

to be paid by Applicant (if applicable)

2.8

2.9

(i)

ce charge for
amendment of L/C to be paid by
Applicant (if appl ica ble)

(ii)

Service charge

2.9

l 2.9
{C

At actual as per schedule of charges of Foreign

Correspondents

--------l

BDT 750

Cancellation charge or expired unutilized

2.70 i)

2.L0

i,,,*,,,

i___
i

Minimum

(ii)

By

At actual as per schedule of charges of foreign

corresoundants (if applicable) and postal charge at actual

Air Mail
Minimum

2.L2

2.13

2.14

At actual as per schedule of charges of foreign

corresoundants (if applicable) and SWIFT charge at actual

2.to

2.11

Revised

lnterest on PAD (Payment Against Documents)

As per lending rate fixed by Bank from time to time

Collection of Credit Report of the buyer/beneficiary

of the L/C (Export/lmport)

At actual

----

Minimum

L/C despatched by Courier (For all L/C irrespective

At actual charge of D&B or other Service Provider plus

service charge USD 25.00 per case
At Actual

of original or amendment)

BDT 200 per LCAF

LCAF issuance charge

2.75

500 per instance

2.L5

BDT 500 per instance

Handling charge for settlement of documents of

import bills (to be realized from the billvalue,

US D 50

2.15

2.L6

when aoolicable, in case of discrepent documents)

2.L7

2.L7 (il

EDF Settlement Charges

2.17 (ii)

Processing fee for seeking permission

for Re-financing & other permission

Upto USD 10,000 : BDT 250

Above USD 10,000 : BDT 1,000

BDT 6,000

for each permission

Bangladesh Bank

2.17 (iii)

All other charges not mentioned

above in connection wirth oPen I n8,

At actual plus BDT 2,000 service charge

advising & settlement of L/Cs

*Commission will be realized on the basis of Banker-Customer relationship which will be approved by the management of the bank'

* Branch shall have to realize the upper band of the commission/charges when L/c's are opened under the deligation power of the Head of the
Branch
*VAT is applicable on realized Commission & charges at prevailing rate'

Page 3 of 6

Mercantile Bank Limited

Head Office, Dhaka

Schedule of Charqes
Ref: lnstruction Circular no. 1706/2017. Dated: Januarv 9. 2017

2. Foreign Trade
Revised

Nature of Charge

Services
EXPORT
Bill (Sight/Usance) Negotiating
charges for export bills in foreign

2.L8 i)

BDT 5OO

lgill(sicf't/usance)Negotiating,
I

z.re

charges for export bills in foreign

i)

leqqrv3lgqt
2,78

2.18

BDT s00

currency but proceeds realized in

BpT

l
Collection Commission BDT 500 plus Postal/Cable/SWIFT
Charges at actual

Oocumentary collection bills under all

types of L/Cs

ii)

Mailing of Export Bill by Courier

2.18 (v)

Advising of Local/Foreign Bank L/C to

the local Beneficiary

BDT 750

Advising of amendment of
Local/Foreign Bank L/C to the local

2.18 (vi)

At actual

Each Mail

2.18 (iv)

BDT

750

Beneficia ry

2.18 (vii)

2.18

of L/Cs

BDT 750 per instance

0.2O%

(viii)

pil

quarter or part thereof*

Adding confirmation by our Bank

Minlmum

USD 50

Postage/Sw|FT charge at actual and Foreign

Correspondent Bank Charge (if any)

Foreign Banks' Guarantee commission

2.18 (ix)

against discrepant bills

Advising of guarantees to the

2,1s (i)

I
2.19 (ii)

BDT 750 plus at actual Mail/SWIFT charges

Beneficiary in original without any

.

enRaRement on our part

Advising of guarantees in original

against 100% counter Euarantee of
Foreign Bank

0.10% to 0.4O% per quarter or part thereof* plus cost

Minimum
Commissio!

BDT 3,000
,

O.7O%lo 0.40% per quarter or part thereof* plus cost of

stamp, Tax etc.

Advising of guarantees in our own

2.L9

2.19

(iii)

format or on the format suPPlied

the opening bank with our full
engagement against 1oo%
ot

.cyaranlee

bY

counter

1ol"'c1!.n!

Minimum
Commlssion

lo O.4O% per quarter or part thereof* plus cost of

stamp, Tax, postage/Sw|FT charges (at actual) etc' and at
actual commission & charges of Foreign Correspondent

Bond favoring overseas beneficiary

through foreign correspondent at our

customer's request

BDT 3,OOO

O.2O%

lssuance of Bid Bond/Performance

2.19 (iv)

Minlmum

Commission

BDT 3,000

*Commission will be realized on the basis of Banker-Customer relationship which will be approved by the management of the bank'

under the deligation power of the Head of the

Branch shall have to realize the upper band of the commission/charges when L/c's are opened

Bra nch

iVAT

of

stamp, Tax etc.

is applicable on realized Commission & charges at prevailing rate

Page 4 of 6

&

gLAN

Mercantile Bank Limited

Head Office, Dhaka

Schedule of Charq
Ref: lnstruction Circular no. 1706/20'17. Dated: Januarv 9.2017

2. Foreign Trade
Revised

Nature of Charge

Services
lndemnity for shipping guarantees in

L/C-No charge but Deferred, UPAS & BTB L/C BDT

750 per instances

absence of original documents

provided full value of documents is

depositted by the customer

2.19 (v)

Sight L/C-No charge but Deferred, UPAS & BTB L/C BDT
per instances

Endorsement of N/N copy for Custom

Purpose

2.L9

.500

2.19 (vi)

PRC lssue charge

BDT 500 per instance

2.19 (vii)

EXP lssue char8e

BDT 250 per ExP

For BTB L/C

__+__-

BDT 500 per instance

ii) For Bond Lisence, Forced Loan and

BDT 500 per instance

others

-_r
i

Foreign Remittances

Commission 0.25% per USD, 0.35% per GBP, EURO, CAD,

etc plus actual Postage/Sw|FT charges

Collection of Foreign Bank drafts and

clean items drawn abroad throuSh
lnternational Division, Head Office

z.zo (i)

I
I

JPY

Minimum Commission

BDT 5OO

earners remittance)
2.20 (iii)

lssuance of FC (Cash)

2.2o

Endorsement in Passport

livl

Foreign Currency except Japanease Yen)

-t

-.+

2.20

FREE (Branch will debit Head Office @TT Clean plus 0.10
paisa per USD and TT clean plus 0.05 paisa for other

Encashment charges for encashment

of foreign fi at our counter (for wage

2.20 (ii)

Commission 0.50%
BDT 200 per Endorsement

nsaction in F/C A/cbV

Account holder

2.20 (v)

Free
a) Foreign Correspondent charge at acual plus Service

Remittance by TT (FC) through foreiSn

2.20 (vi)

L
2.20 (vii)

charge BDT 1,000

correspondents

b) SWIFT charge at actual

+
Collection of Drafts in Foreign
Currency drawn on Bangladesh

Service charge BDT 300 plus postage & SWIFT charges at

actual (if any)

Ba

+
a) BDT 1,000 for each instrument against local currency

2.2L

lssuance of FC Drafts on foreign/local

correspondents

b) BDT

5OO

for issuing each instrument by debiting

FC

us

*Commission will be realized on the basis of Banker-Customer relationship which will be approved by the management of the bank.

* Branch shall have to realize the upper band of the commission/charges when L/c's are opened under the deligation power of the Head of the
Branch
*VAT is applicable on realized Commission & charges at prevailing rate.

Page 5 of 6

A/C

Mercantile Bank Limited

Head Office, Dhaka

Schedule of Charses
Ref: lnstruction Circular no. 1706/2017. Dated: Januarv 9.2017

2. Foreign Trade
Nature of Charge

Services

Revised

Miscellaneous

--T2.22 (i\

a) BDT 5,000 per instance at the time of opening and BDT

500 for each subsequent transactions as service charge

Opening of student file for study

abroad

b) BDT 6,000 per instance (if prior approval/

communication with Eangladesh Bank is needed)

f-2.22 (iil

a) BDT 6,000 (for first permission), BDT 5,000 for each

Correspondence charge for seeking

Buying House/lndenting Firm etc.
permission from Bangladesh Bank

subsequent permission of the same customer

b) BDT 2,000 as yearly service charge

2.22

2.22(iiil

Buying House payment processing

charge
Cash lncentive Handling Charge

BDT 1,000 per instance

-I
-T

alTraditional items

2.22livl

lut

(Jute, Jute goods etc)

-l;

BDT 500,001

to BDT 1,000,000 : BDT 4,000

& above : BDT 5,000

l't BDT 1,000,001

b) Non-traditional items

upto

BDT 500,000 : BDT 4,000

b) BDT 500,001 to BDT 1,000,001 : BDT 5,000

(Garments etc)

c) BDT 1,000,001 & above : BDT 6,000

i2.22lvl

a) upto BDT 500,000: BDT 3,000

BDT 3,000 per case

not mentioned above

*Commission will be realized on the basis of Banker-Customer relationship which will be approved by the management of the bank.

Branch shall have to realize the upper band

ofthe commission/charges when L/c's are opened underthe deligation power ofthe Head ofthe

Branch

*VAT is applicable on realized Commission & charges at prevailinS rate.

Note: The Managing Director & CEO will have the discretion to change (enhance / reduce / waive) the commission/ charges according to BankerCustomer relationship. ln absence of MD & CEO, concerned AMD/DMD will enjoy the same discretionary power sub,iect to post facto approval
from MD and CEO.

t'/
*

Page 6 of 6