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Rates & Tariffs

 

Treasury Bill Rates

    TREASURY BILL RATES APPLICABLE FOR THE WEEK COMMENCING FROM 14.05.2021
Ter  Yield P.A Price per Rs: 100/=
03 Months
(91 days)		 4.75% 98.8264
06 Months
(182 days)		 4.80%

97.6563
12 Months
(364 days)

4.85%

95.3743

 

 

 

 

 

 

 

 

INTEREST RATES FOR RUPEE – FIXED DEPOSITS

W.E.F 15.02.2021

1. FIXED DEPOSITS

Term

Interest Payment

Rates Per Annum

1 Month
(Minimum Rs. 500,000)

(Revised)

At Maturity

4.00%

3 Months
(Revised)

At Maturity

4.50%

6 Months
(Revised)

At Maturity

4.75%

 

1 Year
 

At
Maturity(Revised)
Monthly(Revised)

(General)
5.00%
4.75%


At

Maturity (Revised)
Monthly(Revised)

Senior Citizens
(General)

6.00%
5.75%
(Senior Citizens shall mean persons who are over 60 years)

Senior Citizens*
(Special)

15.00%*
14.06%*
(Special fixed deposit scheme introduced by the Interim Budget 2015)

2 Years

At Maturity
Monthly
Annually

6.00%
5.25%
5.75%

3 Years

At Maturity
Monthly
Annually

6.25%
5.25%
5.75%

4 Years

At Maturity
Monthly
Annually

6.50%
5.25%
5.75%

5 Years

At Maturity
Monthly
Annually

6.75%
5.25%
5.75%

*Complying with the Interim Budget 2015, this Special Fixed Deposit Interest Scheme is applicable for Senior Citizens above 60 years of age. The maximum deposit is Rs. 1.5 Mln.

2. SEVEN DAYS CALL DEPOSIT   (WEF 15.02.2021)
 

Rate per Annum


Interest paid on withdrawals with 7 days’ Notice (Revised)


3.75%

 


3. BOC Special Deposit Scheme

This scheme has been terminated w.e.f. 31/01/2009 & existing deposit accounts should be renewed at prevailing 01 year fixed deposit (interest paid at maturity) interest rate on its maturity.

 


4. MOVING RATE FIXED DEPOSIT (MRFD) SCHEME **

 

Interest paid Monthly

Interest paid Annually

2 years

6.00%

6.50%

3 years

6.25%

6.75%

4 years

6.50%

7.00%

5 years

6.75%

7.25%

**Applicable only for existing Moving Rate Fixed Deposits.

 

  INTEREST RATES FOR RUPEE – SAVINGS DEPOSITS                                              (Effective from 17th November 2020)
  1. SAVINGS CERTIFICATE                                           (Applicable only for existing Savings Certificate Deposits)
  Face Value Selling Price
  Term 6 Months 12 Months 24 Months
  Yield p.a. 5.00% 6.00% 7.00%
  Rs.; Rs. Rs. Rs.
  200.00 196.00 189.00 176.00
  500.00 488.00 472.00 439.00
  1,000.00 976.00 944.00 878.00
  5,000.00 4,879.00 4,717.00 4,386.00
  10,000.00 9,757.00 9,434.00 8,772.00
  25,000.00 24,391.00 23,585.00 21,930.00
  50,000.00 48,781.00 47,170.00 43,860.00
  100,000.00 97,561.00 94,340.00 87,720.00
   
  2. SAVINGS DEPOSIT ACCOUNT
  Ordinary Savings  3.00% p.a.
  Samurdhi Investment  3.25% p.a.
  18 + Youth Savings Account Scheme  3.50% p.a.
  14 + Teenagers' Savings Account Scheme 4.00% p.a.
  Kantha Ran Ginum  3.50% p.a.
  Ran Kekulu Ginum 4.50% p.a.
  Staff Voluntary Savings  3.50% p.a.
  Senior Citizens Savings  4.00% p.a.
   
  3. OTHER DEPOSIT SCHEMES
  National Pension Scheme now suspended
  National Endowment Scheme now suspended

 

*** Deposit liabilities have been insured with the Sri Lanka Deposit Insurance Scheme implemented by the Monetary Board on payment of applicable premium for compensation up to a maximum of Rs. 600,000 per depositor.

 

Important Notes

Senior Citizens shall mean persons who are over Sixty (60) years of age at the time of accepting or renewal of a deposit.

 

 

INTEREST RATES FOR FOREIGN CURRENCY SAVINGS DEPOSITS
rates of interest applicable on Foreign Currency Savings Deposits, with effect from 13th May 2019
 
   PFCA/ DFA** /RGFCA**/ IIA   
   BFCA/OIA**
 U S DOLLARS   2.00%   0.75%
 STERLING POUNDS   1.25%   0.75%
 EURO   0.40%   0.25%
 JAPANESE YEN   0.01%   0.01%
 AUSTRALIAN DOLLARS   1.00%   0.50%
 NEW ZEALAND DOLLARS   1.50%   1.50%
 SWISS FRANCS   0.40%   0.40%
 CANADIAN DOLLARS   0.50%   0.50%
 SINGAPORE DOLLARS   0.25%   0.25%
 CHINESE RENMINBI    1.25%   1.25%

** DFA, RGFCA and OIA savings rates are applicable only for accounts opened or to be opened in USD, GBP and EUR.

 

INTEREST RATES FOR FOREIGN CURRENCY FIXED DEPOSITS

(i) rates of interest applicable on PFCA/ DFA /IIA/ and SFNFDA  Fixed Deposits, with effect from 13th May 2019
(a) RATES OF INTEREST FOR PFCA/DFA/ IIA & SFNFDA Fixed Deposits
 U S DOLLARS PERIOD
AMOUNT 1 MONTH 3 MONTHS 6 MONTHS 12 MONTHS
(Maturity) 		12 MONTHS
(Monthly) 		12 MONTHS
(Quarterly)
 UPTO 5,000/-   2.00%   2.50%   2.60% 2.85% 2.25%   2.35%
 5,001/- to 10,000/-   2.00%   2.55%   2.65% 2.90% 2.35% 2.50%
 10,001/- to 25,000/-   2.00%   2.60%   2.70% 3.00% 2.50% 2.70%
 25,001/- to 50,000/-   2.00%   2.65%   2.75% 3.15% 2.70% 2.85%
 50,001/- to 100,000/-   2.10%   2.80%   3.00% 3.35% 2.85% 3.00%
 100,001/- to 250,000/-   2.15%   2.85%   3.05% 3.45% 3.00% 3.15%
 250,001/- to 500,000/-   2.20%   2.90%   3.10% 3.55% 3.15% 3.25%
 500,001/- and above   2.25%   3.00%   3.25% 3.75% 3.25% 3.30%
(b) Rates of Interest for PFCA Fixed Deposits Exceeding one year period
Please note that over one-year foreign currency Fixed Deposit interest rates are only applicable for USD Fixed Deposits opened or to be opened under the Personal Foreign Currency Accounts.
US DollArs
Period Monthly Annually At Maturity
2 Year 3.25% 4.00% 4.25%
3 Year 3.25% 4.00% 4.50%
4 Year 3.25% 4.00% 4.75%
5 Year 3.25% 4.00% 5.25%
 

 
(c) Rates of Interest for PFCA/DFA/ IIA and SFNFDA Fixed Deposits
 STERLING POUNDS PERIOD
AMOUNT 1 MONTH 3 MONTHS 6 MONTHS 12 MONTHS 12 MONTHS (Monthly) 12 MONTHS
(Quarterly)
 UPTO 25,000/-  1.25%  1.95%  2.20%  2.45% ** N/A N/A
 25,001/- to 50,000/-  1.25%  2.05%  2.30%  2.55% ** 2.40%* 2.45% *
 50,001/- to 100,000/-  1.25%  2.15%  2.40%  2.65% ** 2.50%* 2.55% *
 100,001/- and above  1.25%  2.25%  2.50%  2.75% ** 2.60%* 2.65% *
* Minimum Deposit Amount of GBP 50,000 is required where interest is paid monthly or quarterly
 
(d) RATES OF INTEREST APPLICABLE FOR PFCA/ DFA/IIA/ and SFNFDA FIXED DEPOSITS
EURO PERIOD
 AMOUNT 1 MONTH 3 MONTHS 6 MONTHS 12 MONTHS
 UPTO 25,000/-  0.25%  1.45%  1.70%  1.95% **
 25,001/- to 50,000/-  0.35%  1.55%  1.80%  2.05% **
 50,001/- to 100,000/-  0.50%  1.65%  1.90%  2.15% **
 100,001/- and above  0.75%  1.75%  2.00%  2.25% **
 
(e) RATES OF INTEREST APPLICABLE FOR PFCA/ IIA/ and SFNFDA FIXED DEPOSITS
JAPANESE YEN PERIOD
AMOUNT 1 MONTH 3 MONTHS 6 MONTHS 12 MONTHS
 UPTO 1,000,000/-  0.01%  0.01%  0.01%  0.01%
 OVER 1,000,001/-  0.01%  0.01%  0.01%  0.01% **
 
(f) RATES OF INTEREST APPLICABLE FOR PFCA/ IIA/ and SFNFDA FIXED DEPOSITS
 AUSTRALIAN DOLLARS PERIOD
AMOUNT 1 MONTH 3 MONTHS 6 MONTHS 12 MONTHS
 UPTO 10,000/-  1.50%  2.00%  2.25%  2.50%
 OVER 10,001/-  1.75%  2.25%  2.50%  2.75% **
 
(g) RATES OF INTEREST APPLICABLE FOR PFCA/ IIA/ and SFNFDA FIXED DEPOSITS
 NEW ZEALAND DOLLARS PERIOD
AMOUNT 1 MONTH 3 MONTHS 6 MONTHS 12 MONTHS
 UP TO 10,000/-  2.50%  2.75%  2.90%  3.00%
 OVER 10,001/-  2.60%  2.85%  3.00%  3.10% **
 
(h) RATES OF INTEREST APPLICABLE FOR PFCA/ IIA/ and SFNFDA FIXED DEPOSITS
 SWISS FRANCS PERIOD
AMOUNT 1 MONTH 3 MONTHS 6 MONTHS  12 MONTHS
 UPTO 10,000/-  0.70%  0.80%  0.90%  1.00%
 OVER 10,001/-  1.00%  1.05%  1.10%  1.25% **
 
(i) RATES OF INTEREST APPLICABLE FOR PFCA/ IIA/ and SFNFDA FIXED DEPOSITS
 CANADIAN DOLLARS PERIOD
AMOUNT  1 MONTH  3 MONTHS 6 MONTHS 12 MONTHS
 UPTO 10,000/-  1.75%  1.80%  1.90% 2.00%
 ABOVE 10,001/-  1.90%  1.95%  2.15% 2.25% **
 

(j) RATES OF INTEREST APPLICABLE FOR PFCA/IIA/ and SFNFDA FIXED DEPOSITS
SINGAPORE DOLLARS PERIOD
AMOUNT 1 MONTH 3 MONTHS 6 MONTHS 12 MONTHS
UPTO 10,000/- 0.50% 0.85% 1.05% 1.25%
ABOVE 10,001/- 0.90% 1.10% 1.30% 1.50% **
 
(k) RATES OF INTEREST APPLICABLE FOR PFCA/IIA/ and SFNFDA FIXED DEPOSITS
CHINESE RENMINBI PERIOD
AMOUNT 1 MONTH 3 MONTHS 6 MONTHS 12 MONTHS
UPTO 50,000/- 1.50% 2.00% 2.25% 2.50%
ABOVE 50,001/- 2.00% 2.50% 3.00% 3.25% **
 
** Also Applicable for 3 Year Fixed Deposits where interest is paid annually.

 

 

(ii) rates of interest applicable on BFCA and FCBU fixed deposits , with effect from 13th May 2019
(a) RATES OF INTEREST APPLICABLE FOR BFCA AND FCBU FIXED DEPOSITS
CURRENCY PERIOD
1 MONTH 3 MONTHS 6 MONTHS 12 MONTHS
US DOLLARS 2.00% 2.25% 2.50% 2.75%
STERLING POUNDS 1.25% 1.50% 2.00% 2.25%
EURO 0.25% 1.00% 1.25% 1.75%
AUSTRALIAN DOLLARS 1.50% 2.00% 2.25% 2.50%

 
(b) Rates of interest for BFCA Fixed Deposits Exceeding one year period
Please note that over one-year foreign currency Fixed Deposit interest rates are only applicable for USD Fixed Deposits opened or to be opened under the Business Foreign Currency Accounts.
US Dollars
Period At Maturity
2 Year 3.25%
3 Year 3.75%
4 Year 4.25%
5 Year 4.75%
 

 

 (iii) rates of interest applicable on PFCA / DFA *** / IIA / SFNFDA/ BFCA and FCBU 7 Day Call Deposits, with effect from 13th May 2019

Rates of interest for PFCA / DFA *** / IIA / SFNFDA/ BFCA and FCBU 7 Day Call Deposits
Currency
Interest Rate
 U S DOLLARS USD 0.25%
 STERLING POUNDS GBP 0.25%
 EURO EUR 0.05%
 JAPANESE YEN JPY 0.005%
 AUSTRALIAN DOLLARS AUD 0.25%
 NEW ZEALAND DOLLARS NZD 1.50%
 SWISS FRANCS CHF 0.25%
 CANADIAN DOLLARS CAD 0.50%
 SINGAPORE DOLLARS SGD 0.25%
 CHINESE RENMINBI  CNY 0.75%

*** DFA 7 Day Call Deposits interest rates are applicable only for the accounts opened or to be opened in USD, GBP and EUR.

 

Special Notes

  1. Minimum amount required to open Foreign Currency Fixed Deposits in US Dollars is USD 1000 and for other currencies, equivalant of USD 1000.

 

                    

Advance Rates Relevant to Development Loan Schemes
       
Personal Loan  
BOC Personal Loans
Variable Rate ( % p.a. )
(Floor rate of 8.50% p.a.)		 Upto 05 Years 05 to 10 Years
AWPLR + 1.50% AWPLR + 1.50%
Fixed Rate ( % p.a. ) Upto 05 Years 05 to 07 Years
9.25% 10.00%
BOC Special Personal Loan
Variable Rate ( % p.a. )
(Floor rate of 8.25% p.a.)		 Upto 05 Years 05 to 10 Years
AWPLR + 1.50% AWPLR + 1.50%
Fixed Rate ( % p.a. ) Upto 05 Years 05 to 07 Years
8.25% - 9.25% 9.00% - 10.00%
Personal Loan for Government Pensioners
Fixed Rate ( % p.a. ) Up to 75 Years of age
9.50%
 
Housing Loans
BOC Housing Loan
Type of the Housing Loan/ Eligible Amount Repayment Period Variable ROI
(p.a.)		 Fixed ROI
(p.a.)
Aggregate Housing Loan amount up to Rs. 5.0 Mn Maximum up to 10 Years AWPLR+ 1.5% 9.00%
BOC Housing Loan Up to 10 Years AWPLR+ 1.5% 9.75%
Above 10 Years AWPLR+ 1.75% 10.00%
Special Housing Loan Up to 10 Years AWPLR+ 1.5% 9.75%
Above 10 Years AWPLR+ 1.75% 10.00%
Floor Rate 9.75% N/A
   
 
Housing Loan Scheme for the Permanent cadre Salaried Employees in the Public and Private Sector First 5 Years 7% p.a. (Fixed Rate)
Thereafter Six months AWPLR+1.00% p.a. 
(Subject to review bi-annually)
Government Housing Loan Upto 1,000,000/- 8.50%
From 1,000,001/- 
to 3,000,000/-		 9.00%
 
Educational Loans
Comprehensive Educational Loan 12.5% ( Fixed )
University Student to Purchase Laptop Monthly AWPLR + 0.5% ( Floating ) ( Floor Rate 8.5 % )
 
Leasing Min Rate ( % ) Max Rate ( % )
Motor Vehicle - Unregistered 9.50% 13.50%
Motor Vehicle Registered 9.75% 11.25%
Machinery 12.50%
     

Development Loans
  Min Rate % Max Rate %
Agriculture 4.00% 8.00%
Agri Processing 6.00% 8.50%
Animal Husbundary & Fisheries 5.50% 9.00%
Service 6.00% 8.50%
Manufacuring 6.00% 8.50%
Trading AWPLR+2.5% 8.00%
Self Employment 4.00% 8.50%
Green Business 6.50% 8.50%
IT & E-Commerce 6.00% 8.50%

Other Loans and Advances Min Rate ( % ) Max Rate ( % )
Pawning 9.50% 9.50%
Credit Cards 18.00% 18.00%
Unsecured Overdrafts 16.00% 22.00%
Bill Discounting - Local 16.00% 16.00%
Export Loans 11.25% 13.00%
Import Loans 13.00% 13.50%
     

 

Conditions Apply

Domestic Tariff - Digital Banking Products with effect from 01 March 2019
(Taxes and Levies imposed by the Government of Sri Lanka may be applicable in addition to this Tariff)
   
4.1 Credit Cards
4.1.1 Joining Fees Principal            Supplementary
Platinum Rs.1,500/-            Rs.1,200/-
Titanium Rs.1,500/-            Rs.1,200/-
Master World Rs.1,500/-            Rs.1,200/-
Gold Rs.1,500/-            Rs.1,200/-
Classic Rs.1,000/-            Rs.750/-
   
4.1.2 Annual Fees Principal            Supplementary
Platinum Rs.3,000/-            Rs.1,500/-
Titanium Rs.2,000/-            Rs.1,000/-
Master World Rs.3,000/-            Rs.1,500/-
Gold Rs.2,000/-            Rs.1,000/-
Classic Rs.1,000/-            Rs.500/-
   
4.1.3 Other Fees and Charges
Temporary limit enhancement fee Rs.1,000/-
Limit enhancement fee Rs.500/-
Card reactivation fee for blocked cards Rs.1,000/-
Late payment fee Rs.900/-
Over limit fee Rs.600/-
SMS Alert Fee for Credit Card transactions Free of Charge
Cash advance fee 3.5 %                Min. Rs. 300/-
Lost card replacement fee Rs.500/-
PIN re-issue fee Rs.250/-
Overseas courier charges Rs.2,000/-
Credit Card confirmation letters issued for Visa purposes/ any other purposes Rs.1,000/-
Credit Card balance confirmation Letters to Other Banks/Auditors Rs.500/-
Issue of duplicate statement- card holder
              Fee per monthly statement up to 12 months
              Fee per monthly statement after 12 months
Rs.100/-
Rs.200/-
 
Interest Rate 18.00% Per Annum
Interest on cash advance 18.00% Per Annum

 

 

Domestic Tariff - Current Accounts with effect from 01 March 2019
(Taxes and Levies imposed by the Government of Sri Lanka may be applicable in addition to this Tariff)
Nature of Transaction Tariff
1.1 Monthly Service Charge : For both credit & debit balances
Corporate Customer - Monthly Minimum Balance < Rs 250,000/- Rs. 2,000/-    per month
Business Customer - Monthly Minimum Balance < Rs 15,000/- Rs. 1,000/-    per month
Personal Customer (Trading) - Monthly Minimum Balance < Rs 7,500/- Rs. 500/-       per month
Personal Customer (Non Trading) Monthly Minimum Balance < Rs 7,500/- Rs. 200/-       per month
1.2  Minimum O/D Interest (Will be applicable if the amount overdrawn falls below the minimum balance requirement)
Corporate Customer - Monthly Minimum Balance < Rs 250,000/- Rs. 1,500/-    per month
Business Customer - Monthly Minimum Balance < Rs 15,000/- Rs. 1,000/-    per month
Personal Customer (Trading) - Monthly Minimum Balance < Rs 7,500/- Rs. 250/-       per month
Personal Customer (Non Trading) - Monthly Minimum Balance < Rs 7,500/- Rs. 200/-       per month
1.3 Outward Cheque Returns – Inward Clearing (Charges to drawer - Paying Bank)
Due to Lack of Funds (Cash/ Clearing) Rs. 2,500/-
Effects Not Realized Rs. 750/-
Technical Reasons (except Bank faults/ lapses)
[CRN Codes - 14,50,51,52,53,54,55,56,57,58,59,60,62,63]		 Rs. 200/-

Cheque Return Notification Charges – (CRN)
Cheque Return Code 1 & 2



Cheque Return Code - 11,14,15,16,51,52,53,54,55,56,57,58,60 & 62
Invalid Cheque (CRN Code 1 & 2)


1st Return – Rs. 150/-
2nd Return – Rs. 300/-


Rs. 250/-
Rs. 150/-
1.4 Inward Cheque Returns - Outward Clearing
Cheque Return Notification Charges (CRN) – Outward Cheques
[CRN Codes 1,2,10,12,13,50,59,61,63,64,65 & 66]
Postage 		 Rs. 100/-

Actual charge
1.5 Request of Archived Physical Cheque/ Image
Physical Cheque
      Through CCD/ Sub Unit
      Direct from LCPL (Lanka Clear Pvt. Ltd.)
             Colombo City
             Greater Colombo
             Outstation
             North & East
Rs. 350/-

Rs. 400/-
Rs. 650/-
Rs. 950/-
Rs. 1,250/-
Images
            Within 1st Month
            02 to 06 Months
            Over 06 Months
Rs. 40/-
Rs. 70/-
Rs. 100/-
1.6 Stop Payments (Corporate/ Business/ Personal Customers)
Funds available at the time of request Rs. 500/-       per chq
Funds not available at the time of request Rs. 3,500/-    per chq
Lost cheque book or part Rs. 2,500/-    per chq. book
1.7 Current Account Statements – Per month
Daily Statements Rs. 2,500/-
Weekly Statements Rs. 1,500/-
Monthly Statements Free of charge
E-Statements (Any frequency) Free of charge
1.8 Duplicate Copies of Statements (Printed copies)
Within 06 years Rs. 250/-     per page
Over 06 Years Rs. 1,500/-  per page
E- Statements (Any frequency) Free of charge
1.9 Cheques Purchasing
Local Cheques Purchased 0.75% of Transaction Amount
Min. Rs. 1,500/-
Salary Cheques drawn by The Government of Sri Lanka
(Central Government Accounts)		 No charge
1.10 Cheque Marking For Payment 
(a) Inward (As Paying Bank) Rs. 2,500/-
(b) Outward (As Collecting Bank) 0.15%      Min. Rs. 3,000/-
1.11 Cost of Cheque Books
25 leaves Rs. 375/-
50 leaves Rs. 750/-
Continuous Cheque Leaves Per Cheque Leaf Rs. 15/- +
Actual Printing Charges
Postage Actual cost
1.12 Closure of Current Accounts
Corporate Customer Rs. 1,500/-
Business/ Personal Customer Rs. 750/-
1.13 Preparation of Cash Orders
Same day 0.3%       Min. Rs. 2,500/-
Next working day 0.25%     Min. Rs. 2,500/-
Over the counter (More than 3 denominations) 0.3%       Min. Rs. 3,000/-
Transport Actual cost
1.14 Confirmation of Account Balances
Balance confirmation letters Rs. 500/- per query

Domestic Tariff - Savings and Time Accounts with effect from 01 March 2019
(Taxes and Levies imposed by the Government of Sri Lanka may be applicable in addition to this Tariff)
Nature of Transaction Tariff
2.1 Monthly Service Charge: (Based on the Average Balance maintained)
Ordinary Savings/ Mudaraba Savings < Rs. 1,500/- Rs. 25/- per month
Other Savings Schemes (Except all Minor A/Cs) < Rs. 500/- Rs. 25/- per month
Ordinary Savings Non Personal < Rs. 10,000/- Rs. 25/- per month
Islamic Banking Savings Products < Rs. 1,500/-
(Except all Minor A/Cs)		 Rs. 25/- per month
Ran Ulpatha Free of charge
2.2 Closure of Accounts
Savings Account Closure Rs. 100/-
2.3 Savings Account Statements
Monthly Free of charge
Daily            Corporate/ Business/ Personal Customer Rs. 2,500/- per month
Weekly        Corporate Customer
                          Business/ Personal Customer		 Rs. 1,500/- per month
Rs. 1,000/- per month
E-Statements at any frequency (SmartGen Accounts) Free of charge
2.5 Issuance of Duplicate Passbook/ FD Receipt (In case of lost )
Re-issuance of Passbook Rs. 300/-
Re-issuance of Fixed Deposit Receipt/ Savings certificates
(Smart investor, Smart Saver etc.)		 Rs. 1,000/-
2.6 Confirmation of Account Balances - for Audit/ VISA Purposes etc.
Balance Confirmation Letters on Deposit / Loan Account Rs. 500/- per query
2.7 Preparation of Cash Orders
Same day 0.3%       Min. Rs. 2,500/-
Next working day 0.25%     Min. Rs. 2,500/-
Over the counter (More than 3 denominations) 0.3%       Min. Rs. 3,000/-
Transport Actual cost
Domestic Tariff - General Operations with effect from 01 March 2019
(Taxes and Levies imposed by the Government of Sri Lanka may be applicable in addition to this Tariff)
3.0 General Operations Tariff
3.1 Issuance of Official Cheques (Pay orders/ Bank Drafts)
3.1.1 Issuance of Pay Orders/ Bank drafts (Unless special arrangements are made)
BOC Customer 0.06%        Min.- Rs. 200/-      Max.- Rs. 1,500/-
Non BOC Customer 0.06%        Min.- Rs. 500/-      Max.- Rs. 2,500/-
3.1.2 Issuance of Pay Orders in favour of Director General of Customs (DGC)
BOC Customer Rs. 250/-
Non BOC Customer Rs. 600/-
Online DGC payment Facility Free of Charge
3.1.3 Pay Order Cancellation
Cancellation with surrendering Pay Order Rs. 200/- per transaction
Cancellation without surrendering Pay Order Rs. 1,000/- per transaction
Re – Issuance of Pay Orders (with/ without surrendering P/O) Issuance fee as new Pay Order issuance
3.2 Standing Instructions
3.2.1 Standing Orders Registrations and Funds Transfers
Registration Rs. 100/-
Transfer to customers own Savings/ Current A/C /Credit Card within BOC Free of Charge
3.2.2 Standing Orders to Third Party BOC/ other Banks/ Institutions

Payment through system
Payment through pay order
Postage

 Rs.50/- per payment
Rs. 150/- per payment
Actual postage will be applicable
3.2.3 Standing Order Cancellation
Lack of funds on 03 consecutive occasions Rs. 100/-
Un successful Payment ( within 03 days) Rs. 50/- per payment
3.3 Funds Transfers
3.3.1 Fund Transfers/ Payments – Through System
SLIPS – per file Rs. 15/-      per transaction      Min. Rs. 75/-
(05 items)
SLIPS – manually operated Rs. 20/-      per transaction      Min. Rs. 50/-
RTGS Rs. 400/-    per transaction
CEFTS (Over the Counter/ Internet/ Mobile Banking) Rs. 50/-      per transaction
3.3.2 Manual Fund Transfers within BOC
Between Customer's own BOC Accounts Rs. 100/-    per transaction
To Third Party Account Rs. 200/-    per transaction
Payable over the counter (Mail Transfers) 0.30%        Min. Rs. 500/-      Max. Rs. 7,000/-
Frequent fund transfers and same day cash withdrawals 0.25%        Max. Rs. 4,000/-
3.4 Safe Deposit Lockers Rental Deposit            Annual Rent
Small Rs. 60,000/-                  Rs. 3,500/-
Medium Rs. 80,000/-                  Rs. 4,500/-
Large Rs. 100,000/-                Rs. 5,500/-
Extra Large Rs. 115,000/-                Rs. 6,500/-
Super Large Rs. 130,000/-                Rs. 7,500/-
Re-issuance of Keys (In case of Lost/ damage) Rs. 7,000/-
3.5 Utility Bill Payments
Ceylon Electricity Board Rs. 20/- per transaction
3.6 Collection Accounts
On Collection of Funds Refer relevant OICs/ Circular Letters
Funds transfer to other Bank
 		 0.25%   per transfer/ Investment        
Min. Rs. 10,000/-
3.7 SMS Alerts Facility
Personal (Trading/ Non Trading) Accounts
                                        Up to 20 SMS
                                        21 - 75 SMS
                                        76 and more SMS
Rs. 10/-
Rs. 50/-
Rs. 100/-
Business Accounts
                                        Up to 200 SMS
                                        201 and more SMS
Rs. 100/-
Rs. 500/-
Domestic Tariff - Digital Banking Products with effect from 01 March 2019
(Taxes and Levies imposed by the Government of Sri Lanka may be applicable in addition to this Tariff)
4.0 Digital Banking Products Tariff
4.1 Credit Cards
4.1.1 Joining Fees Principal            Supplementary
Platinum Rs.1,500/-            Rs.1,200/-
Titanium Rs.1,500/-            Rs.1,200/-
Master World Rs.1,500/-            Rs.1,200/-
Gold Rs.1,500/-            Rs.1,200/-
Classic Rs.1,000/-            Rs.750/-
Apsara N/A
BOC Shopping Card (Proprietary Card) Rs.200/-               Rs.200/-
4.1.2 Annual Fees Principal            Supplementary
Platinum Rs.3,000/-            Rs.1,500/-
Titanium Rs.2,000/-            Rs.1,000/-
Master World Rs.3,000/-            Rs.1,500/-
Gold Rs.2,000/-            Rs.1,000/-
Classic Rs.1,000/-            Rs.500/-
Apsara N/A
BOC Shopping Card (Proprietary Card) Rs.200/-               Rs.100/-
4.1.3 Other Fees and Charges
Temporary limit enhancement fee Rs.1,000/-
Limit enhancement fee Rs.500/-
Card reactivation fee for blocked cards Rs.1,000/-
Late payment fee Rs.900/-
Over limit fee Rs.600/-
SMS Alert Fee for Credit Card transactions Free of Charge
Cash advance fee 3.5 %                Min. Rs. 300/-
Lost card replacement fee Rs.500/-
PIN re-issue fee Rs.250/-
Overseas courier charges Rs.2,000/-
Credit Card confirmation letters issued for Visa purposes/ any other purposes Rs.1,000/-
Credit Card balance confirmation Letters to Other Banks/Auditors Rs.500/-
Issue of duplicate statement- card holder
              Fee per monthly statement up to 12 months
              Fee per monthly statement after 12 months
Rs.100/-
Rs.200/-
Issue of duplicate statement- merchant (hard copy)
(fee per daily statement)
              Up to 06 months
              06 months to 12 months
              Over 12 months

Rs.100/-              Max. Rs.5,000/-
Rs.200/-              Max. Rs.7,500/-
Rs.300/-              Max. Rs.10,000/-
Issue of duplicate statement- merchant (soft copy)
(fee per daily statement)
              Up to 03 months
              03 months to 06 months
              06 months to 12 months
              Over 12 months

Free of charge
Rs.100/-              Max. Rs.2,500/-
Rs.200/-              Max. Rs.5,000/-
Rs.300/-              Max. Rs.7,500/-
Interest Rate 26.00% Per Annum
Interest on cash advance 26.00% Per Annum
4.2 Debit Cards
Joining Fee (Excluding 14+, NRFC & Prestige C/A)
              Name Card
              No Name Card (First Card)
Rs.500/-
Free of charge
Annual Fee (Excluding 14+, NRFC & Prestige C/A) Rs.200/-
Renewal or Replacement Card Rs.300/-
Reactivation Fee of stopped cards Rs.50/-
Limit Enhancement Fee Rs.100/-
Debit card overseas use fee ATMs Rs. 500/-
4.3 ATM Services
4.3.1 Debit/ ATM Transactions performed on BOC ATMs
ATM Cash withdrawal fee Rs.5/-
ATM Balance Inquiry fee Free of charge
4.3.2 Debit/ ATM Transactions performed on LankaPay ATMs
ATM Cash withdrawal fee Rs.30/-
ATM Balance Inquiry Rs.7/50
4.3.3 Debit/ ATM Transactions performed on local Visa Master network
ATM cash withdrawal fee Rs.75/-
4.4 Internet Banking
Joining Fee                             Corporate Customers

                                                       Personal Customers		 Rs.1,000/-
(Rs.500/- for each additional user when exceeding 3 users)
Free of charge
Annual Fee                             Corporate Customers
                                                       Personal Customer		 Rs.2,000/-
Rs.500/-
Fund Transfers
CEFT - Internet Banking Rs.50/-
SLIPS - Internet Banking Rs.20/-
e-receipt confirmation from the Bank Rs.50/-

Domestic Tariff - Credit Operations with effect from 01 March 2019
(Taxes and Levies imposed by the Government of Sri Lanka may be applicable in addition to this Tariff)
5.0 Credit Operations Tariff
5.1 Service Charge for CRIB inquiry (Including Credit Information Bureau Charges)
Inquiry from CRIB               Personal & Business Customers
                                                        Corporate Customers		 Rs. 300/- (Exempted for "Thurunudiriya" Loans)
Rs. 700/-
5.2 Credit Facilities (other than the Development Lending Schemes) - Processing of Application & Documentation Charges
Personal and Commercial (Term) Loans below Rs. 50,000/-
A.    Cash backed Security Rs. 150/-
B.    Other Collateral Rs. 250/-
Personal and Commercial (Term) Loans above Rs. 50,001/-
A.   Cash backed Security                    Personal
                                                                            Business & Corporate		 0.5%            Max. Rs. 1,000/-
0.5%            Min. Rs. 1,000/-     Max. Rs. 10,000/-
B.  Other Collateral                                 Personal Customers
                                                                            Business Customers		 0.8%            Min. Rs. 500/-               Max. Rs. 20,000/-
0.8%            Min. Rs. 5,000/-           Max. Rs. 100,000/-
Housing loans
(In addition to the actual expenses) i.e. Valuation/ Title etc.
                                          BOC Housing Loans
                                          Govt. Housing Loans

 

0.8%            Min. Rs. 1,000/-     Max. Rs. 25,000/-
0.8%            Min. Rs. 500/-         Max. Rs. 10,000/-
Pledge Loans 0.3%            Min. Rs. 10,000/-   Max. Rs. 200,000/-
Trust Receipts Loans 0.3%            Min. Rs. 25,000/-   Max. Rs. 250,000/-
Enhancement (Top-ups) Same as above
5.3 Credit Facilities under Development Lending Schemes
Credit Facilities of Rs. 100,000/- and below
A.    Processing of Application (Paid upfront)
B.    Documentation Charges
Rs. 250/-
Credit Facilities of Rs. 100,001/- and above
A.    Processing of Application (Paid upfront)
B.    Documentation Charges
Up to Rs. 1.0 Mn          0.5%        Min. Rs. 500/-
Rs. 1 Mn to Rs. 5 Mn  0.5%        Max. Rs. 12,500/-
Above Rs. 5 Mn            0.5%        Max. Rs. 20,000/-
5.4 Temporary Overdrafts
Personal, Business and Corporate Customers

 		 Up to Rs. 499,999/-                                     Rs. 1,000/-
Rs. 500,000/- to Rs. 999,999/-              Rs. 2,000/-
Rs. 1,000,000/- to Rs. 4,999,999/-      Rs. 5,000/-
Rs 5,000,000/- and above                        Rs 10,000/-
5.5 BOC Leasing
Documentation & Service Charges (Up front) Up to 5 Mn               Rs. 5,000/-
Above 5 Mn             Rs. 10,000/-
Termination Fee Free of charge
5.6 Issuance of Local Guarantees
Against cash backed securities
(i.e. 100% cash in non interest bearing account/ Margin Account)		 1% per annum
(0.25% per quarter or part thereof)
Minimum Rs. 3,000/-
Against cash backed securities
(i.e. 100% cash in interest bearing accounts - Savings/ FDs/ FC accounts etc.)		 2% per annum
(0.5% per quarter or part thereof)
Minimum Rs. 3,000/-
Against Immovable Property (In addition to documentation charges) 2.5% per annum
(0.625% per quarter or part thereof)
Minimum Rs. 3,000/-
Personal Guarantee/ Indemnity (In addition to documentation charges) 3% per annum
(0.75% per quarter or part thereof)
Minimum Rs. 3,000/-
Amendment to the Guarantee Minimum Rs. 3,000/-
Renewal Same basis minimum Rs. 3,000/-
5.7 Early settlement Charges for BOC Personal & BOC Housing Loans
Within 3 years from the date loan granted
Above 3 years and up to 5 years
Above 5 years from the date loan granted		 3% on balance outstanding
2% on balance outstanding
1% on balance outstanding
Penal Interest not exceeding 200 basis point p.a. for the arreas capital (Except Pawning & Credit Cards)

 

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