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Service Charges

Announcements

No postal applications will be accepted for new Retail Deposits with effect from 02-08-2016, till further notice. View More...

Bank of India is authorised in UK by Prudential Regulation Authority (PRA) and regulated by PRA & Financial Conduct Authority (FCA). Our financial service registration NO. is 204629 | A member of Fin View More...

Customer attention please: No Transaction Payments allowed w.e.f. 01/02/2019. Only viewing facility is available for all the Internet Banking Customers View More...

Exchange Rates

Schedule of Service Charges

SERVICE CHARGES W. E.F. 01-04-2016

Remittances

S.NO TYPE USD / EURO GBP
1 Demand Drafts/Mail Transfers/Telegraphic Transfers/ Swift payment, transfers remittance charges other than FCNR deposits to remitters own name (free)    
  Up to GBP 5000 10.00 10.00
  Over GBP 5000 1.00 Per
1000
Min. -USD/Euro 10
Max. -
USD/ Euro 200
2.00 Per 1000
Minimum -
10
Maximum-
100
  Postal charges for Mail Transfers 10.00 5.00
  Swift Charges for Telegraphic Transfers ( Over and above remittance charges mentioned above) other than our own TDR maturity proceeds 20.00 10.00
  Payment instruction by CHAPS - other than our own TDR maturity proceeds N.A 25.00
  Amendment to Payment instructions (MT/DD) 20.00 10.00
  Amendment to payment instructions (Telegraphic Transfer)
Correspondent bank charges to be levied additionally
40.00 20.00
  Cancellation/Issue of duplicate Demand Draft 24.00 12.00
  Inward Remittances (For USD and EURO remittances) 20.00 10.00
  Third party payments from Other U.K. banks for A/Cs of Indian branch customers through London branch N.A 25
  Third party payments from BOI, Non U.K. branches to Other U.K. banks through London branch N.A 10

Rupee Remittances / NRI Services (Amount in GBP)

S. No Type BOI, U.K. Customers Non- BOI, U.K.
Customers
1 Opening of NRE/NRO/ FCNR A/c Free
(only postal charges of GBP 20 will be charged)
Free
(only postal charges of GBP 20 will be charged)
2 INR Remittances to A/c with BOI, Indian branches Free Up to 1000 - 3

1001- 5000 - 5 Above 5000 - 10
3 INR Remittance to A/c not with BOI, Indian branches Up to 1,000 - 3 1001- 5000 - 5 Above 5,000 - 10 Up to 1,000 - 5 1001- 5000 - 10 Above 5,000 - 20
4 Cash handling charges for Remittances
(No free limit)
0.30 per 100 or part there of Minimum charge -3 0.30 per 100 or part there of Minimum charge -3
5 Postal charges for Renewal of NRO/NRE/FCNR TDR 20 20
6 Addition/ deletion of Name in NRE/NRO/FCNR Accounts 20/- per account 20/- per account
7 Arranging for duplicate TDR for NRE/NRO/FCNR accounts 20 per TDR 20 per TDR
8 Any other services related NRI A/c 10 per occasion 20 per occasion
9 Attestation of signature/ pass port/ address proof- If advised by our Indian branch Free 10
10 Attestation of signature/ pass port/ address proof-( If not advised by Indian Branch) 10 20
11 Live- certificate for pensioners Free 5 per certificate

Deposites

S.NO. TYPE CHARGES
1 A/c Transaction charges per entry
(Only for Current Accounts -CA)
  • For USD/ Euro account
0.50 per entry

1.00 per entry
2 Cheque return charges (In/out ward) 20 per instrument
3 Special Presentation of Cheque by us 10.00
4 Collection of USD/EUR Cheques 2 per 1000
Minimum 20
Maximum 150
5 Charges for not maintaining minimum balance
a. Current Account
b. SB Account

2 per month
1 per month
6 Return of Direct debit 20 per entry
7 Stop payment of Cheque 20 per instrument
8 Issue of bankers cheque (Other than proceeds of TDR with us) 10 per cheque
9 Duplicate Statement of Account 10
10 Balance Confirmation Certificate 20
11 Information/Certificate to be supplied to auditors of constituents 20
12 Status Enquiry / Banker's Report 20
13 Withdrawal against unclear effects (Temporary Overdraft Charges)
(Reference Rate: GBP Base Rate; USD Prime Rate; EUR ECB Rate)
7.00% Over Ref. Rate
14 Closure of Accounts (Applicable for current accounts only)
a. Personal Accounts
b. Business Accounts

10.00
20.00
15 Issue of Duplicate TDR 10 per TDR
16 In-operative/ dormant accounts ( No transaction for 2 years) 10.00 per annum
17 Cash Handling Charges ( Cash Deposits in to the account - other than remittances purpose )
Up to 1000

Above 1000

( If cash deposits of up to 1000 in the account is used for remittance on the same day or next day, the applicable cash handling charges ( for different currencies ) will be recovered and no free facility will be extended)

Free

0.30 per 100

Note: 1. Charges for services not mentioned above would be made available on request.

2. All services listed here may not be available at all our branches