Rates & Tariffs
| Treasury Bill Rates | ||
|---|---|---|
|
TREASURY BILL RATES APPLICABLE FOR THE WEEK COMMENCING FROM 18.01.2022 |
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| Term | Yield P.A | Price per Rs: 100/= |
|
03 Months (91 days) |
8.05% | 98.0272 |
|
06 Months (182 days) |
8.10% |
96.1076 |
|
12 Months (364 days) |
8.15% |
92.4642 |
INTEREST RATES FOR RUPEE – FIXED DEPOSITS
|
W.E.F 24.09.2021 1. FIXED DEPOSITS |
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|
Term |
Interest Payment |
Rates Per Annum |
|
|
1 Month (Revised) |
At Maturity |
4.50% |
|
|
3 Months |
At Maturity |
5.00% |
|
|
6 Months |
At Maturity |
5.25% |
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|
1 Year |
At |
(General) |
|
|
Maturity (Revised) |
Senior Citizens
6.50% |
Senior Citizens*
15.00%* |
|
|
2 Years(Revised) |
At Maturity |
6.50% |
|
|
3 Years(Revised) |
At Maturity |
6.75% |
|
|
4 Years(Revised) |
At Maturity |
7.00% |
|
|
5 Years(Revised) |
At Maturity |
7.25% |
|
*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.
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2. SEVEN DAYS CALL DEPOSIT (WEF 24.09.2021) |
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|
Rate per Annum |
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|
|
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3. BOC Special Deposit Scheme |
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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. |
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|
|
Interest paid Monthly |
Interest paid Annually |
|
2 years |
5.50% |
6.00% |
|
3 years |
5.75% |
6.25% |
|
4 years |
6.00% |
6.50% |
|
5 years |
6.25% |
6.75% |
**Applicable only for existing Moving Rate Fixed Deposits.
| INTEREST RATES FOR RUPEE – SAVINGS DEPOSITS (Effective from 24th September 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 - W.E.F 01.01.2022 |
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|
CURRENCY |
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% |
|
INTEREST RATES FOR FOREIGN CURRENCY FIXED DEPOSITS - W.E.F 01.01.2022
|
RATES OF INTEREST FOR PFCA/ DFA /IIA and SFNFDA FIXED DEPOSITS |
||||||
|
U S DOLLARS - Revised |
PERIOD |
|||||
|
1 MONTH |
3 MONTHS |
6 MONTHS |
12 MONTHS |
12 MONTHS MONTHLY |
12 MONTHS QUARTERLY |
|
|
6.42% |
6.45% |
6.50% |
6.61% |
6.42% |
6.45% |
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|
RATES OF INTEREST FOR PFCA FIXED DEPOSITS EXCEEDING ONE YEAR PERIOD |
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|
U S DOLLARS - Revised |
MONTHLY |
ANNUALLY |
AT MATURITY |
|
2 YEAR |
6.42% |
6.61% |
6.83% |
|
3 YEAR |
6.42% |
6.61% |
7.06% |
|
4 YEAR |
6.42% |
6.61% |
7.29% |
|
5 YEAR |
6.42% |
6.61% |
7.54% |
|
|
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RATES OF INTEREST FOR PFCA/ DFA /IIA and SFNFDA FIXED DEPOSITS |
||||||
|
STERLING POUNDS - Revised |
PERIOD |
|||||
|
1 MONTH |
3 MONTHS |
6 MONTHS |
12 MONTHS |
12 MONTHS MONTHLY |
12 MONTHS QUARTERLY |
|
|
3.50% |
4.50% |
4.75% |
5.00% |
3.50% |
4.5%* |
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*Minimum Deposit amount of GBP 50,000 is required where interest is paid monthly or quarterly.
|
EURO - Revised |
PERIOD |
||||
|
1 Month |
3 Months |
6 Months |
12 Months |
||
|
3.50% |
4.50% |
4.75% |
5.00%** |
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|
JAPANESE YEN |
PERIOD |
||||
|
Amount |
1 Month |
3 Months |
6 Months |
12 Months |
|
|
Up to 1,000,000 |
0.01% |
0.01% |
0.01% |
0.01% |
|
|
Over 1,000,001 |
0.01% |
0.01% |
0.01% |
0.01%** |
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|
AUSTRALIAN DOLLARS - Revised |
PERIOD |
||||
|
1 Month |
3 Months |
6 Months |
12 Months |
||
|
3.50% |
4.50% |
4.75% |
5.00%** |
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|
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%** |
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|
SWISS FRANCS |
PERIOD |
||||
|
Amount |
1 Month |
3 Months |
6 Months |
12 Months |
|
|
Up to 10,000 |
0.70% |
0.80% |
0.90% |
1.00% |
|
|
Over 10,001 |
1.00% |
1.05% |
1.10% |
1.25% ** |
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|
CANADIAN DOLLARS |
PERIOD |
||||
|
Amount |
1 Month |
3 Months |
6 Months |
12 Months |
|
|
Up to 10,000 |
1.75% |
1.80% |
1.90% |
2.00% |
|
|
Over 10,001 |
1.90% |
1.95% |
2.15% |
2.25%** |
|
|
SINGAPORE DOLLARS |
PERIOD |
||||
|
Amount |
1 Month |
3 Months |
6 Months |
12 Months |
|
|
Up to 10,000 |
0.50% |
0.85% |
1.05% |
1.25% |
|
|
Over 10,001 |
0.90% |
1.10% |
1.30% |
1.50%** |
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|
CHINESE RENMINBI |
PERIOD |
||||
|
Amount |
1 Month |
3 Months |
6 Months |
12 Months |
|
|
Up to 50,000 |
1.50% |
2.00% |
2.25% |
2.50% |
|
|
Over 50,001 |
2.00% |
2.50% |
3.00% |
3.25%** |
|
** Applicable for 3 year fixed deposits where interest is paid annually.
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RATES OF INTEREST FOR BFCA and FCBU FIXED DEPOSITS |
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|
CURRENCY |
PERIOD |
|||
|
1 MONTH |
3 MONTHS |
6 MONTHS |
12 MONTHS |
|
|
U S DOLLARS- Revised |
6.42% |
6.45% |
6.50% |
6.61% |
|
STERLING POUNDS- Revised |
3.50% |
4.50% |
4.75% |
5.00% |
|
EURO - Revised |
3.50% |
4.50% |
4.75% |
5.00% |
|
AUSTRALIAN DOLLARS - Revised |
3.50% |
4.50% |
4.75% |
5.00% |
RATES OF INTEREST FOR BFCA FIXED DEPOSITS EXCEEDING ONE YEAR PERIOD
|
U S DOLLARS - Revised |
||
|
PERIOD |
AT MATURITY |
|
|
2 YEAR |
6.83% |
|
|
3 YEAR |
7.06% |
|
|
4 YEAR |
7.29% |
|
|
5 YEAR |
7.54% |
|
|
|
||
|
RATES OF INTEREST FOR PFCA/ DFA***/IIA/ SFNFDA/ BFCA AND FCBU 7 DAY CALL DEPOSITS |
||
|
CURRENCY |
INTEREST RATE |
|
|
USD - U S DOLLARS |
0.25% |
|
|
GBP - STERLING POUNDS |
0.25% |
|
|
EUR - EURO |
0.05% |
|
|
JPY - JAPANESE YEN |
0.005% |
|
|
AUD - AUSTRALIAN DOLLARS |
0.25% |
|
|
NZD - NEW ZEALAND DOLLARS |
1.50% |
|
|
CHF - SWISS FRANCS |
0.25% |
|
|
CAD - CANADIAN DOLLARS |
0.50% |
|
|
SGD - SINGAPORE DOLLARS |
0.25% |
|
|
CNY - CHINESE RENMINBI |
0.75% |
|
*** DFA 7 Day Call deposits interest rates are applicable only for accounts opened or to be opened in USD, GBP and EUR.
- The revised interest rates are based on Monetary Law Act order No 03 of 2021 issued on 30th December 2021 by Monetary Board of Central Bank of Sri Lanka.
| Advance Rates Relevant to Development Loan Schemes | |||
| Personal Loan | |||
| BOC Personal Loans | |||
|
Variable Rate ( % p.a. ) |
Upto 05 Years | 05 to 07 Years | |
|
Quarterly AWPLR + 2.0 % p.a. Floor rate of 9.5% p.a. |
Quarterly AWPLR + 2.0 % p.a. Floor rate of 9.5% p.a. |
||
| Fixed Rate ( % p.a. ) | Upto 05 Years | 05 to 07 Years | |
| 10.25% | 10.75% | ||
| BOC Special Personal Loan | |||
|
Variable Rate ( % p.a. ) (Floor rate of 9.0% p.a.) |
Upto 05 Years | 05 to 10 Years | |
| AWPLR + 2.0% | AWPLR + 2.0% | ||
| Fixed Rate ( % p.a. ) | Upto 05 Years | 05 to 07 Years | |
| 8.5% - 9.75% | 9.25% - 10.75% | ||
| Personal Loan for Government Pensioners | |||
| Rate ( % p.a. ) | Upto 3 Years | From 3 Years to 15 Years | |
| 7.75% (Fixed) |
Quarterly AWPLR + 2.0 % p.a. |
||
| 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 |
Quarterly AWPLR+ 2.0% |
9.50% |
| BOC Housing Loan | Up to 10 Years |
Quarterly AWPLR+ 2.0% |
10.25% |
| Above 10 Years |
Quarterly AWPLR+ 2.25% |
10.50% |
|
| Special Housing Loan | Up to 10 Years |
Quarterly AWPLR+ 2.0% |
10.25% |
| Above 10 Years |
Quarterly AWPLR+ 2.25% |
10.50% |
|
| Floor Rate | 9.75% | N/A | |
| Government Housing Loan | Upto 1,000,000/- | 8.50% | |
|
From 1,000,001/- to 3,000,000/- |
9.00% | ||
| Educational Loans | |||
| Comprehensive Educational Loan |
Up to 5 Years - 9.50% |
||
| University Student to Purchase Laptop |
Monthly AWPLR + 0.5% ( Floating ) ( Floor Rate 8.5 % ) |
||
| Leasing | Min Rate ( % ) | Max Rate ( % ) | |
| Motor Vehicle - Unregistered | 9.50% | 12.50% | |
| Motor Vehicle Registered | 9.75% | 10.25% | |
| Machinery | 12.50% | ||
| Development Loans | ||
| Min Rate % | Max Rate % | |
| Agriculture | 6.00% | 9.00% |
| Agri Processing | 6.00% | 9.00% |
| Animal Husbundary & Fisheries | 6.00% | 9.00% |
| Service | 7.00% | 9.00% |
| Manufacuring | 6.00% | 9.00% |
| Self Employment | 6.00% | 9.00% |
| Green Business | 6.50% | 9.75% |
| IT & E-Commerce | 7.00% | 9.00% |
| Manufacturing of Organic Fertilizer Pestisides and Herbicides | 2.00% | 9.00% |
| Other Loans and Advances | Min Rate ( % ) | Max Rate ( % ) |
| Pawning | 8.50% | 8.50% |
| 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)
|
|
| 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 |
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 | 18.00% Per Annum |
| Interest on cash advance | 18.00% 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/- |
| 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) | |
