IFIC Bank Limited

Schedule of Charge, Fees & Commissions

Particulars Nature of Charges Rate

A. General Banking
Deposit Accounts
Current Account
Account Maintenance Fee (half yearly) Fees Tk. 300 + VAT
Closing of Account Charge Tk. 300 + VAT
SND Account
Account Maintenance Fee (half yearly) Fees Tk. 500 + VAT
Closing of Account Charge Tk. 300 + VAT
Saving Account
Account Maintenance Fee (half yearly) Fees
Average balance up to Tk. 10,000 Fees Free
Average balance Tk. 10,001 and up to Tk. 25,000 Fees Tk. 100 + VAT
Average balance Tk. 25,001 and up to Tk. 200,000 Fees Tk. 200 + VAT
Average balance Tk. 200,001 and up to Tk. 1,000,000 Fees Tk. 250 + VAT
Average balance of above Tk. 1,000,001 Fees Tk. 300 + VAT
Closing of Account Charge Tk. 200 + VAT
Smart Savings Account
Account Maintenance Fee (half yearly) Fees Free
Debit Card Charge Tk. 600 + VAT
Internet Banking Charge Free
Closing of Account Charge Tk. 200 + VAT
Super Saving Plus
Account Maintenance Fee Fees Free
Closing of Account Charge Tk. 200 + VAT
Duranto-Student Savings Account
Account Maintenance Fee Fees Free
Debit Card Charge Tk. 200 + VAT
Internet Banking Fees Free
Closing of Account Charge Nil
Sanchita –Female Savings Account
Account Maintenance Fee (half yearly) Fees As per Central Bank Guideline
Debit Card Charge Tk. 600 + VAT
Internet Banking Fees Free
Closing of Account Charge Tk. 200 + VAT
SMS alert service (except payroll account) (half yearly) Fees Tk. 125 + VAT

Page # 1
IFIC Bank Limited
Schedule of Charge, Fees & Commissions

Particulars Nature of Charges Rate

AAMAR Account
General Customers:
Account Maintenance Fee (half yearly) Fees Tk. 300 + VAT
Debit Card Charge Tk. 500 + VAT
Internet Banking Fees Free
Closing of Account Charge Tk. 100 + VAT
Payroll Customers:
Account Maintenance Fee (half yearly) Fees Free
Debit Card Charge 1 year Free; From 2nd year Tk. 500 + VAT
st

Internet Banking Fees Free

Closing of Account Charge Nil
Corporate Plus (for SND Customers)
Account Maintenance Fee (half yearly) Fees Tk. 500 + VAT
Internet Banking Fees Free
Closing of Account Charge Tk. 300 + VAT

Other Services
Dormant Account Activation Charge Charge Tk. 300+ VAT
Issuance of Pay Order etc.
Up to Tk.100,000 Charges Tk. 50 + VAT
Above Tk. 100,000 Charges Tk. 150 + VAT
Cancellation of PO/SDR Charges Tk. 100 + VAT
Duplicate Issuance of PO Charges Tk. 500 + VAT
Stamp charge of the above Charges At actual
Cheque Issuance on Bangladesh Bank at the request of the
Charges Tk. 1,000 per instance + VAT
client

Page # 2
IFIC Bank Limited
Schedule of Charge, Fees & Commissions

Particulars Nature of Charges Rate

Collection of Cheques and Inland Bills

Up to Tk.100,000 Fee 0.15% (min Tk. 100) + VAT

From Tk. 100,001 to Tk. 500,000 Fee 0.15% (min Tk. 250) + VAT

Above Tk. 500,000 Fee 0.05% (min Tk. 800 max Tk. 1,500) + VAT
Postage charge of the above Charges At actual (mini Tk. 50) + VAT
For across the counter transaction:
Standing Instruction Charges
Tk. 200 + VAT
Locker & Safe Custody Charges
Small Charges Tk. 5,000 yearly + VAT
Medium Charges Tk. 10,000 yearly + VAT
Large Charges Tk. 12,000 yearly + VAT
Security Money (Refundable)
Small Security Money Deposit Tk. 5,000
Medium Security Money Deposit Tk. 10,000
Large Security Money Deposit Tk. 12,000
Replacement of lost key Charges At actual plus 15% of rent as handling charges + VAT

Solvency certificate and any other certificate (hard copy) Charges Tk. 500 + VAT

Duplicate Issuance of Tax Certificate Charges Tk. 1,000 + VAT

Authentication/verification of statements/certificates Charges Tk. 500 + VAT

First 10 page Tk. 250 + VAT

Issuance of additional statement (on demand) Charges
Next pages Tk. 20 per page + VAT
Inward Tk. 500 + VAT
Cheque Return for Insufficient Fund - Inward/Outward Commission
Outward Tk. 100 + VAT
Issuance of Cheque Fee At actual + VAT
Destruction of Cheque Book Charge Tk. 300 + VAT
Issuance of copy of Cheque & Voucher (beyond 3 months) Charge Tk. 500 + VAT

Payment of Refund Warrant/ Dividend Warrant/Interest

Fee As per contract with issuing company
Warrant etc.
Stop payment instruction (All type of Accounts – CD, SB,
Charges Tk. 500 per instruction + VAT
SND etc.)
Premature encashment of Scheme Deposits (PSS, Flexi etc.) Nil
Online Transactions charge Charges Nil

Page # 3
IFIC Bank Limited
Schedule of Charge, Fees & Commissions

Particulars Nature of Charges Rate

B. Loans and Advances

e-Govt. Procurement (e-GP) Service
with Credit limit - Tk. 500 + VAT
Registration, Renewal, Documentation, Tender Security Fee
without Credit limit - Tk. 1,000 + VAT

Issuance of Guarantee and Amendment [Negotiable]

Issuance of Bank Guarantee Commission 0.25% to 0.75% per qtr. (Min.Tk.1,000) + VAT
Amendment of Bank Guarantee for Extension of Validity/and
Increase of Value Commission 0.25% to 0.75% per qtr. (Min.Tk.1,000) + VAT

Amendment of Bank Guarantee without Extension of

Commission Tk. 500 per instance + VAT
Validity/and Increase of Value
When 100% cash Margin is provided Tk. 1,000 is to be
Fully covered by Cash margin Commission
realized per annum.

When covered by FDR Tk. 2,000 is to be realized per

Fully Covered by FDR Commission
annum
Commission will be charged up to matuirity date (minimum one quarter). Pro-rata basis for partial covered can be realised.
Mortgage/ Charge Creation etc.

Initial, subsequent enhancement/renewal (without further 0.15% on loan amount

Charges
registration) (mini Tk. 1,000 maxi. Tk. 10,000) + VAT

CIB charge and stamp charge Charges At actual on borrowers account

Legal and valuation charges Charges As per Banks Approved Rate
Consumer Financing
Loan origination fee Tk. 2,000 + VAT
Service Charge Free
Easy Loan
Secured Personal Loan (SOD) Handling Charge Free

Stamp Charge At actual on Borrower's A/c.

5
IFIC Bank Limited
Schedule of Charge, Fees & Commissions

Particulars Nature of Charges Rate

Loan origination fee 2% on loan amount (mini Tk. 5,000) + VAT

Service Charge Free
Consumer Durable, Festival, Any Purpose, Holiday, Handling Charge Free
Emergency Medical, CNG Conversion, Marriage, Parua & Stamp Charge At actual on borrowers A/c
Peshajeebi Loan Early Settlement from own source: No Charge
Loan takeover charge Taken Over by Other Bank/NBFI: 2% on outstanding
loan amount + VAT
Loan origination fee 1% on loan amount minimum Tk.7,000 + VAT
Service Charge Free
Handling Charge Free
Auto Loan Stamp Charge At actual on borrowers A/c
Early Settlement from own source: No Charge Taken
Loan takeover charge Over by Other Bank/NBFI: 2% on outstanding loan
amount + VAT
1% Processing Fee for fresh loan + VAT
Loan origination fee
No origination Fee for loan takeover
Service Charge Free
Handling Charge Free
Home Loan, Home Renovation Stamp Charge At actual on borrowers A/c

Early Settlement from own source: No Charge

Taken Over by Other Bank/NBFI:
Loan takeover charge
Within 5 Years : 2% of outstanding amount
5 Years & Above: 1% of outstanding amount

1% of the loan amount (Minimum Tk. 3,000) + VAT

Loan origination fee 0% - 0.50% for payroll companies+ VAT
Salary Loan
0% for IFIC Staff
Stamp charge At actual on borrowers A/c

6
IFIC Bank Limited
Schedule of Charge, Fees & Commissions

Particulars Nature of Charges Rate

Cottage, Micro, Small & Medium Enterprise (CMSME) Lendings

Loan Application Fee Tk. 200
Cottage, Micro Enterprise Documentation Charge
(CIB, Stamp, Valuation & At actual
Legal fee etc.)
Loan origination fee Free
Service Charge Free
Handling Charge Free
Loan takeover charge Free
Loan Application Fee Tk. 200 + VAT
Documentation Charge
Small and Medium Enterprise (CIB, Stamp, Valuation & At actual
Legal fee etc.)
Easy Commercial Loan, Retailers Loan, Transport Loan,
Commercial House Building Loan, Project Loan, Possession Loan origination fee Free
Right Loan, Contractor’s Loan, Working Capital Loan, Service Charge Free
Bidder’s Loan, Muldhan, Lease Finance, Protyasha, Joyeeta, Handling Charge Free
Prantonari, IDBP, Krishi Shilpo, Shilpo Shongjog, SOD/LG Early Settlement from own source: No Charge Taken
Loan takeover charge Over by Other Bank/NBFI: 2% on outstanding loan
amount + VAT
Large & Medium Enterprise Financing
Loan origination fee For IFIC FDR/FO Tk. 2,000 + VAT
i. Secured Over Draft/ Loan General (Financial Service Charge Free
Obligation) Stamp charge At actual on borrowers A/c
Handling Charge Tk. 5,000, if the Loan is sanctioned but not availed
a) 0.25% loan amount minimum Tk. 15,000 + VAT
Loan origination fee
maximum Tk. 1,25,000 + VAT
Service Charge Free
ii. Transport Loan
Stamp charge At actual on borrowers A/c
c) Tk.5,000 + VAT, if the loan is sanctioned but not
Handling Charge
availed
a) 0.25% loan amount minimum Tk. 40,000 maximum
Loan origination fee
Tk. 1,25,000 + VAT
Service Charge Free
iii. Commercial House Building Loan Stamp charge At actual on borrowers A/c
Loan takeover charge 2.00% on pre-paid or early settlement amount.
c) Tk.5,000 + VAT, if the loan is sanctioned but not
Handling Charge
availed

7
IFIC Bank Limited
Schedule of Charge, Fees & Commissions

Particulars Nature of Charges Rate

a) 0.25% loan amount minimum Tk. 50,000 maximum

Loan origination fee
Tk. 1,25,000 + VAT

Service Charge Free

iv. Project Loan/BMRE
Stamp charge At actual on borrowers A/c
c) Tk. 10,000 + VAT, if the loan is sanctioned but not
Handling Charge
availed
Loan takeover charge 2% on pre-paid or early settlement amount + VAT
a) 0.25% loan amount minimum Tk. 25,000 maximum
Tk. 75,000 + VAT
Loan origination fee
(For subsequent enhancement/ renewal (without further
registration): 50% of above prescribed fees)
v. Working Capital Loan Service Charge Free
Stamp charge At actual on borrowers A/c
Tk.5,000 + VAT, if the loan is sanctioned but not
Handling Charge
availed
Loan takeover charge 2.00% on pre-paid or early settlement amount.
Charges and fees shall be realized as per facility
vi. Syndicate financing
agreement or lead Bank arrangement.
Up to Tk. 500,000, Tk. 500 per instance + VAT
vii. IDBP Loan origination fee
Above Tk. 500,000, Tk. 1,000 per instance + VAT
Service Charge Free
Stamp charge At actual on borrowers A/c
Handling Charge Free

Agriculture Financing

IFIC Suborno Gram Loan origination fee Free

A. Crop Service charge Free
B. Fisheries Handling Charge Free
C. Live Stock Stamp charge At actual on Borrower's A/c.
Krishi Saronjam Rin Loan origination fee Free
Service charge Free
Handling Charge Free
Stamp charge At actual on Borrower's A/c.
Shech Saronjam Rin Loan origination fee Free
Service charge Free
Handling Charge Free
Stamp charge At actual on Borrower's A/c.

8
IFIC Bank Limited
Schedule of Charge, Fees & Commissions

Particulars Nature of Charges Rate

Lease Finance Application form Free

0.50% loan amount
Loan origination fee
(min Tk. 15,000 max Tk. 50,000) + VAT
Service charge Free
Stamp charge At actual on Borrower's A/c.
Modification of Terms & Conditions
NOC for change in Board of Directors Charges Tk. 10,000 + VAT
Changing of Mortgaged Property Charges Tk. 10,000 + VAT
Changing of any other Terms
Up to Tk. 1,000,000 Charges Tk. 2,500 + VAT
Tk. 1,000,001 to Tk. 10,000,000 Charges Tk. 5,000 + VAT
Above Tk. 10,000,000 Charges Tk. 10,000 + VAT
Redemption of Property
In case of own property or taking over and other cases
SME Tk. 200, Retail Tk. 2,000, Corporate Tk. 5,000 +
Up to Tk. 500,000 Charges
VAT
SME Tk. 500, Retail Tk. 4,000, Corporate Tk. 7,000 +
Tk. 500,001 to Tk. 5,000,000 Charges
VAT
SME Tk. 500, Retail Tk. 5,000, Corporate Tk. 8,000 +
Tk. 5,000,001 to Tk. 10,000,000 Charges
VAT
SME Tk. 700, Retail Tk. 7,000, Corporate Tk. 10,000 +
Above Tk. 10,000,000 Charges
VAT
Contact Point Verification Charge Charges Tk. 1,000 + VAT

SME Tk. 2,000, Retail Tk. 5,000, Corporate Tk. 10,000

Mortgage deferral Charges
+ VAT

Security verification Charges Tk. 2,000 + VAT; Cost at actual

After 3 months Tk. 5,000 + VAT

Security Retention fees after settlement of facilities Charges After 1 year Tk. 5,000 plus Tk. 5,000 per fraction period
or per year + VAT

9
IFIC Bank Limited
Schedule of Charge, Fees & Commissions

Particulars Nature of Charges Rate

C. Foreign Exchange

Letter of Credit Opening

0.40% for each quarter (Min Tk. 1,000) + VAT)
L/C opening commissions under cash (sight) Commission (VAT is not applicable in case of export oriented
industry)
1st quarter 0.50% + VAT
L/C opening commissions under AID/ Loan/ Credit/ Barter Commission
Subsequent quarters 0.30% (Min Tk. 1,000) + VAT
L/C opening Commissions for Back to Back L/C on A/c of
Commission 0.40% for each quarter (Min Tk. 1,000)
export oriented industry
0.50% for each quarter (Min Tk. 1,000) + VAT)
L/C Opening commission under deffered payment Commission (VAT is not applicable in case of export oriented
industry)
UPAS L/C arrangement/processing fee Fee Tk. 1,000 + VAT per instance
Tk. 300 + VAT for each L/C
L/C Opening processing fee on case to case basis Fee (VAT is not applicable in case of export oriented
industry)
0.25% for each quarter (Mini Tk. 1,000) + VAT
L/C opening commissions where 100% margin is received Fee (VAT is not applicable in case of export oriented
industry)

Collection of Credit Report by SWIFT Charge Swift charge at actual +VAT for each communication
Collection of Credit Report Charge At actual plus Tk. 500 + VAT
0.40% for each quarter (Min Tk. 1,000) + VAT
Acceptance commission under Deferred payment L/C's
Charge (VAT is not applicable in case of export oriented
(Including B.B. L/Cs)
industry)
L/c transmission charges by SWIFT At actual + VAT
Recovery of Charges/Fees for SWIFT Message (Including VAT)
Foreign Tk. 2,500
L/C opening (message type 700) Charge
Local Tk. 750
Foreign Tk. 750
L/C amendment (message type 707) Charge
Local Tk. 250
Foreign Tk. 500
Customer transfer (message type 103) Charge
Local Tk. 150
Foreign Tk. 500
Free format message (message type 999) Charge
Local Tk. 200
* Charge other than above message types will be realised as per respective SWIFT service

Amendment of L/C
Value increase or extension of time Prescribed rate for LC opening plus transmission charges
Any other amendments Charges Tk. 750 and transmission charges + VAT
Transmission charges for amendment of L/C by Swift At actual + VAT
rd
Arranging confirmation from 3 Bank
0.20% (Flat) + VAT and foreign correspondent's actual
confirmation commission/charges.
Sight L/C's on opener's account Commission
(VAT is not applicable in case of export oriented
industry)

Page # 10
IFIC Bank Limited
Schedule of Charge, Fees & Commissions

Particulars Nature of Charges Rate

0.20% (Flat) + VAT and foreign correspondent's actual

confirmation commission/charges.
Sight L/C's on beneficiary's account Commission
(VAT is not applicable in case of export oriented
industry)
0.20% (Flat) + VAT and foreign correspondent's actual
confirmation commission/charges.
DP L/C's up to 180 days on opener's account Commission
(VAT is not applicable in case of export oriented
industry)
0.20% (Flat) + VAT and foreign correspondent's actual
confirmation commission/charges.
DP L/C's up to 180 days on beneficiary's account Commission
(VAT is not applicable in case of export oriented
industry)

Payment charge US$ 60

Handing Charge US$ 50 against Foreign L/C + VAT
Foreign correspondents charges for all types of L/C's Charge
(VAT is not applicable in case of export oriented
industry)

On opener's A/c, Minimum Tk. 750 + VAT

Foreign correspondents charges for amendments of L/C's. Charge (VAT is not applicable in case of export oriented
industry)

Page # 11
IFIC Bank Limited
Schedule of Charge, Fees & Commissions

Particulars Nature of Charges Rate

Discrepancy Charge
In case of Foreign LC USD 80
Charge
In case of EPZ through FDD USD 50
Correspondence Charge
Up to USD 2,000 USD 30
Import Payment Charge (through FDD) Charge Over USD 2,000 to USD 50,000 USD 60
Above USD 50,000 USD 100
Import Payment Charge (in local currency) Tk. 1,000
Cancellation of all types of L/Cs : SWIFT Charge At actual + VAT

Tk. 1,000 + VAT (in the case of import capital

LC Commission Cash (min) (in case of 100% cash margin) Commission machinery for producing export items, VAT will not
apply)
Local LC Discrepancy Fee and other Charges
Up to USD 10,000 Charge USD 30
Above USD 10,001 Charge USD 50
Handling of Maturity date Extension (min) Charge Tk. 500 + VAT
Handling & verification of IRC Charge Tk. 1,000 + VAT
Buying house Commission Payment Processing Charge Charge Tk. 2,000 per instance + VAT

Import:
IMP/LCA/L/C application form -- Tk. 200 + VAT
Stationery Recovery -- Tk. 200 + VAT
Import Transaction Certificate -- Tk. 500 per certificate + VAT
Indemnity for shipping Guarantees in absence of original Tk. 1,000 + VAT
documents, provided full value of document is deposited by Charge (VAT is not applicable in case of export oriented
client (Cash LC at sight) industry)
Issuance of Shipping Guarantee (Usance)
Up to $ 10,000 Charge Tk. 2,000 + VAT
$10,001 to $200,000 Charge Tk. 4,000 + VAT
Above $200,000 Charge Tk. 6,000 + VAT
0.15% on invoice value (min. Tk. 750 max. Tk. 3000)
+ VAT
Handling of documents for LTR Charge
(VAT is not applicable in case of export oriented
industry)
Issuance of Back-to-Back L/C Certificate Charge Tk. 500 per certificate

Up to USD 100,000 – Tk. 1,000

Certification of import docs for custom assessment purpose Charge From USD 100,001 to USD 1,000,000 – Tk. 2,500
Above USD 1,000,000 – Tk. 5,000

Attestation of import documents Tk. 300 + VAT

EDF refinance processing Fees Tk. 1,000 + VAT

Export:
Advising/Amendment of Export L/C to the beneficiary
L/c issued by Foreign Banks Commission Tk. 750
L/c issued by Local Banks Commission Tk.750
Advising of Export L/C to the beneficiary (Amendment Advice)
L/c issued by Foreign Banks Commission Tk. 750
L/c issued by Local Banks Commission Tk.750
Tk. 1,000 + VAT (In case of export LC advising, VAT
Advising LC/Amendement to the beneficiary of Other Banks Commission
will not applicable)
Transfer of L/CS Commission Tk. 750
Transfer of L/C amendment with value Commission Tk.750

Page # 12
IFIC Bank Limited
Schedule of Charge, Fees & Commissions

Particulars Nature of Charges Rate

Purchase/Discount of Export documents drawn against

Commission 0.50% of the bill value
contract

Foreign Bank's Guarantee Commission against discrepant bills Commission At actual

Collecting Bank's charges abroad Commission At actual
Processing of any Doc. under collection (LC/Contract etc.) Fee Tk. 1,000 + VAT

Processing of documents under collection denominated in

Fee 0.15% (mini Tk. 500 max Tk. 8,000) + VAT
Local Currency
Counter Guarantee Handling Charge USD 50 per instance
Payment of LCAF Charge Tk. 1,000 + VAT
Import through LCAF Charge 0.15% of Invoice value, Min Tk. 1,000 + VAT
Outward foreign remittance through MT103 Fee Tk. 1,000 + VAT
Advise and lien of Export Contract for availing pre/post
shipment finances (BB and others):

Up to USD 5,000 Tk. 1,000

Above USD 5000 to USD 20,000 Tk. 3,000
Contract Lien fees Fee Above USD 20,000 to USD 30,000 Tk. 4,000
Above USD 30,000 Tk. 5,000

Contract/Invoices against Advance Payment (TT)

received only (No BB, pre/post shipment facility
required) Tk. 750.

Issuance of FDD for BO Account Fee Tk. 1,000 + VAT

Any other charges not mentioned above Charge At actual + VAT
Mailing of Export documents (Courier/Post) Charge At actual + VAT
SWIFT charge for claiming reimbursement Charge At actual + VAT
Export bills related communications with Foreign Banks Charge At actual + VAT

Export related transactions:

Export form certification Fee Tk. 200 each set + VAT
EXP Form Alteration Fee Tk. 100 each set + VAT
EXP Cancellation Fee Tk. 500 each set + VAT
Stationery Recovery Charge Tk. 100 + VAT
Issuance of Export transaction certificate plus other
Fee Tk. 500 + VAT
certificates
Issuance of PRC
For cash assistance Charge Tk. 500 per certificate + VAT
Other purpose Charge Tk. 500 per certificate + VAT
Up to Tk. 1,000,000 Tk. 7,000
Cash assistance documents processing charges Charge Tk. 1,000,001 to Tk. 2,000,000 Tk. 10,000
Above Tk. 2,000,001 Tk. 15,000
Issuance of NOC for 2nd/3rd Lien Banks Charge Tk. 3,000 Per Case + VAT
Attestation of Documents Charge Tk. 300 + VAT
B/L Endorsement Signature Verification Charge Tk. 100 + VAT
Issuance of Lien confirmation on FC Balance for issuing Tk. 2,000 Per Case + VAT
Charge
international Credit Card Tk. 2,000 per Renewal + VAT

Page # 13
IFIC Bank Limited
Schedule of Charge, Fees & Commissions

Particulars Nature of Charges Rate

Foreign Bank Gurantee:

Advising of Guarantees to the beneficiary in original without
-- Tk. 1,000 (Flat) + VAT
any engagement on our part
0.50% per quarter or part thereof (min. Tk. 2,000 or
Advising of Guarantees in original by adding our confirmation -- USD 50, if payable by Foreign
correspondents/Beneficiary + VAT
0.50% per quarter or part thereof (min. Tk. 2,000 or
Advising of Guarantee in our own format or on the format
-- USD 50, if payable by Foreign
supplied by the opening bank with our full engagement
correspondents/Beneficiary + VAT
Foreign Remittances (Inward):

Payment of any Taka Drafts issued by Exchange

Charge Free
house/Foreign Banks in abroad which are drawn on our Bank.

Encashment of any Foreign TT in Taka at our Counter Charge Free

Collection
Collection of clean item (Inward) Charge Within Bangladesh (flat) Tk. 500 + VAT
All other charges including Mail/ SWIFT Charge At actual
Encashment from FC account at our counter Charge Free

Foreign Remittances (Outward):

Issuance of Cash (FC)/ Endorsement in Pass-Port/Credit Card Commission Ruling Cash selling rate plus Tk. 300 + VAT
Issuance of FC Endorsement certificate Commission Tk. 500 + VAT
Transactions by Nominee/Account holder in F.C. A/cs Commission Free
F.C. Demand Draft on Bangladesh Bank Commission Tk. 500 + VAT per instance
Remittance by T.T. (F.C.) through Foreign correspondents Tk. 500 per instruction + VAT &
Commission
(Out going) SWIFT charge at actual + VAT
Cancellation of Drafts in FC
Up to USD 25 Commission Tk. 100 + VAT
Above USD 25 Commission Tk. 200 + VAT
Processing Of Student File:
Opening/Renewal of Student file (Educational remittance) Commission

At the time of opening Tk. 2,000 + VAT; At the time of

SAARC Countries & Mayanmar Commission
renew Tk. 500 + VAT

Page # 14
IFIC Bank Limited
Schedule of Charge, Fees & Commissions

Particulars Nature of Charges Rate

At the time of opening Tk. 6,000 + VAT; At the time of

All other Countries Commission
renew Tk. 2,000 + VAT

Remittance of Tuition Fee/ Living Expense (per instance) Commission Tk. 1,000 + VAT
Other Foreign Currency Trasaction:
Issuance of Foreign currency balance certificate, Foreign
Commission Tk. 2,000 per certificate + VAT
currency solvency certificate

Forwarding application regarding import registration

certificate, indentors registration certificate, encashment
cerficate for freight forwarders, authorised money changer Commission Tk. 2,000 per certificate + VAT
license or for special permission etc. from Bangladesh Bank
or any other agency and any other certificate

Issuance of NOC for study & Medical treatment abroad Commission Tk. 500 in each case + VAT
Renewal of NOC Commission Tk. 250 in each case + VAT
Cancellation of NOC Commission Tk. 250 in each case + VAT
Tk. 500 per instance + VAT (to be deducted from the
Issuance of counter FC drafts in favour of local Banks Commission
remitted fund)
Disposal of remitted fund on A/c of Home Remittance Commission Postage charge at actual + VAT
Issuance of Credit information of local Firm /Companies etc. Commission USD 50 + VAT
Processing of Approval Letters to Bangladesh Bank/Govt.
Authority:
e.g. Foreign commission if exceeds 5%, Proposal for deferred
Fees Tk. 1,000
payment LC above 360 days, Maturity extension of deferred
payment LC, Maturity extension of EDF LC, Time extension
for submission B/E etc.

N.B.:
Rate of DP L/c’s of over 180 days and for L/Cs of big amounts, will be quoted by International Division, Head Office by arrangement with the
confirming Bank

Off-shore Banking (OBU) Operation

Local bill discounting under OBU Fees Tk. 5,000 + VAT
Foreign bill discounting under OBU Fees Tk. 5,000 + VAT

FC Account maintenance fee Fees Tk. 500 + VAT

Page # 15
IFIC Bank Limited
Schedule of Charge, Fees & Commissions

Particulars Nature of Charges Rate

D. Card Operation
VISA Credit Card
Local International (Dual)
Annual Card Fee per year
Classic BDT 1,500 + VAT BDT 2,000 + VAT
Gold BDT 2,500 + VAT BDT 4,000 +VAT
Supplementary Card Fee per year
Classic 2 Card Free, BDT 500 + VAT
Gold 2 Card Free, BDT 1,000 + VAT
FC Activation/ Maintenance Fee (Annually)
Classic - USD 5 +VAT, IFIC Staff: Free
Gold - USD 10 + VAT, IFIC Staff: Free
Card Replacement Fee per instance
Classic BDT 300 + VAT BDT 300 + VAT
Gold BDT 500 + VAT BDT 500 + VAT
Pin Replacement Fee per instance
Classic BDT 200 + VAT BDT 200 + VAT
Gold BDT 200 + VAT BDT 200 + VAT
Late Payment Fee
2% Min BDT 100+VAT
Applicable when the minimum payment due is not paid within 2% Min. BDT 100 + VAT
USD 5+VAT
the due date mentioned in the statement
Cash Advance Fee per instances
AT IFIC’s ATM 2% on advance, min Tk. 200 + VAT
At Q-Cash Consortium ATM
3% on advance, min Tk. 200 + VAT
At other ATM
At Branches POS 2% of Cash Advance Min BDT 100 + VAT, IFIC Staff: Free

At ATM outside Bangladesh 3% Min USD 5 +VAT

Duplicate Statement Fee

BDT 50 +VAT BDT 100 +VAT
For each month (Previous) only
BDT 200 + VAT,
Cheque Return Fee BDT 200 +VAT
USD 10 +VAT
BDT 100 +VAT,
Outstation Cheque Collection Fee BDT 100 +VAT
USD 10 + VAT
Certificate Issuance Fee BDT 200 +VAT BDT 200 +VAT
BDT 500 +VAT,
Sales Slip Verification Fee
USD 10 + VAT
CCTV Footage (if Available) BDT 1000 +VAT or As per VISA Rule
BDT 500 (Max) +VAT or
Closing Charge
USD 10 (Max) + VAT
VISA Debit Card
Particulars Charges & Fees

Annual Card Fee As per product PPG

Annual Card Fee - International USD 10 + VAT

Card Replacement Fee BDT 300 + VAT

Pin Replacement Fee BDT 300 + VAT
Cash Withdrawal Fee:
At IFIC’s ATM Free
At Q-Cash consortium ATM BDT 15 + VAT
At other ATM BDT 15 + VAT
At Branches POS 1% but Min. 100 + VAT, IFIC Staff : Free
Sales Slip Verification Fee BDT 500 + VAT

Page # 17
IFIC Bank Limited
Schedule of Charge, Fees & Commissions

Particulars Nature of Charges Rate

CCTV Footage (if Available) BDT 1,000 + VAT

VISA Prepaid Card

Sales Slip Verification Fee BDT 250 + VAT
Card Replacement Fee BDT 200 + VAT
Pin Replacement Fee BDT 200 + VAT
Cash Withdrawal Fee:
At IFIC’s ATM Free
At Q-Cash consortium ATM BDT 15 + VAT
At other ATM BDT 15 + VAT
At Branches POS 1% but Min. 100 + VAT, IFIC Staff : Free
Duplicate Statement Fee BDT 50 + VAT per month
Sales Slip Verification Fee BDT 500 + VAT
Closing Charge BDT 500 (Max) + VAT
CCTV Footage (if Available) BDT 1,000 + VAT

Maintenance fee and debit card fees associated with the salary account as well as credit card annual & renewal fee for IFIC regular staff
and all HR contractual employees is "Free".

**Fees for any service not mentioned in the Schedule of Charge is Tk. 500 + VAT.

Page # 18