Rates & Tariffs

 

Treasury Bill Rates

    TREASURY BILL RATES APPLICABLE FOR THE WEEK COMMENCING FROM 14.10.2022

Term  Yield P.A Price per Rs: 100/=
03 Months
(91 days)
24.50% 94.2285 (Subject to availability)
06 Months
(182 days)
24.25% 89.1862 (Subject to Availability)
12 Months
(364 days)

24.00%

80.6452 (Subject to availability)

 

 

 

 

 

 

 

INTEREST RATES FOR RUPEE – FIXED DEPOSITS

W.E.F 02.11.2022

1. FIXED DEPOSITS

Term

Interest Payment

Rates Per Annum

1 Month
(Minimum Rs. 500,000)

At Maturity

13.50%

3 Months
 

At Maturity

15.00%

6 Months
 

At Maturity

14.75%

 

1 Year
 

At
Maturity
Monthly

(General)
12.00%
11.75%

At
 

Maturity (Revised)
Monthly(Revised)

 

Senior Citizens
(General)

15.00%
14.06%
(Senior Citizens shall mean persons who are over 60 years)

Senior Citizens
(Special)

Suspended
Suspended
(Special Fixed Deposit Scheme suspended W.E.F. 01.10.2022 by Central Bank of Sri Lanka)

2 Years

At Maturity
Monthly
Annually

14.75%
14.25%
14.50%

3 Years

At Maturity
Monthly
Annually

15.00%
14.25%
14.50%

4 Years

At Maturity
Monthly
Annually

15.25%
14.25%
14.50%

5 Years

At Maturity
Monthly
Annually

15.50%
14.25%
14.50%

 

 

 

2. SEVEN DAYS CALL DEPOSIT 

 

Rate per Annum


Interest paid on withdrawals with 7 days’ Notice 


13.25%

 


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

14.00%

14.50%

3 years

14.25%

14.75%

4 years

14.50%

15.00%

5 years

14.75%

15.25%

**Applicable only for existing Moving Rate Fixed Deposits.

 

5. SENIOR CITIZENS DEPOSIT SCHEME*** 

 

Rate per Annum

2 Years Senior Citizen Interest Paid  Monthly (Revised)

14.75%

***Applicable only for existing 2 Years Senior Citizen Interest Paid Monthly Deposits.

 

  INTEREST RATES FOR RUPEE – SAVINGS DEPOSITS                                              (Effective from 12th April 2022)
  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

 
       

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%

 

 

RATES OF INTEREST FOR PFCA FIXED DEPOSITS EXCEEDING ONE YEAR PERIOD 

       

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%

 

 

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%*

 

*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%**

 
           

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%**

 
           

AUSTRALIAN DOLLARS - Revised

PERIOD

 

1 Month

3 Months

6 Months

12 Months

 

3.50%

4.50%

4.75%

5.00%**

 
           

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%**

 
           

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% **

 
           

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%**

 
           

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.

 

 

RATES OF INTEREST FOR BFCA and FCBU FIXED DEPOSITS

     

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.

 

Special Notes
  • 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.

 

Personal Loans

- Revised ROIs will be applied only for new loans granted from the effective date (05.10.2022).

- No personal loan facilities will be granted with fixed ROI scenario

- ROI of all personal loans will be based on quarterly AWPLR

Personal Loans

BOC Personal Loan Scheme

Upto 5 Years : 27.25%
Above 5 Years and Upto 7 Years : 28.5%

BOC Special Personal Loan Scheme

Upto 5 Years : 27.25%
Above 5 Years and Upto 7 Years : 28.5%

"BOC Abhimana" - Government Pensioners Loan Scheme

Upto 5 Years   : 26.25%
Upto 7 Years   : 27.50%
Upto 15 Years : 30.00%

 

 

 

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

Up to 5 Years

Quarterly AWPLR+ 3.0%

(Floor rate of 20.00 %)

-

 

Maximum up to 10 Years

-

 

BOC Housing Loan
(Above 5.0 Mn)

Up to 10 Years

Quarterly AWPLR+ 3.25%

-

 

Above 10 Years

Quarterly AWPLR+ 3.50%

-

 

Special Housing Loan

Up to 10 Years

Quarterly AWPLR+ 3.00%

-

 

Above 10 Years

Quarterly AWPLR+ 3.25%

-

 

Floor Rate (for above Housing Loans)

21.00%

N/A

 

 

Educational Loans

Comprehensive Educational Loan

Up to 5 Years -
Monthly AWPLR + 3.0% p.a.
subject to floor rate of 22.00 % p.a

Up to 7 Years -
Months AWPLR + 3.5% p.a.
subject to floor rate of 24.00 % p.a.

 

Leasing

Min Rate ( % )

Max Rate ( % )

Motor Vehicle - Unregistered

25.00%

28.50%

Motor Vehicle Registered

27.00%

29.25%

Machinery

28.50%

28.50%

 

Development Loans

 

Min Rate %

Max Rate %

Agriculture/ Agri Processing/ Animal Husbandry & Fisheries

11.50%

30.75%

Tourism/ Construction

6 month AWPLR

Subject to a floor rate of 16.00%

32.75%

Other Industry/ Plantation

6 month AWPLR

Subject to a floor rate of 16.00%

31.00%

Trading/Consumption/Services & Others 

6 month AWPLR

Subject to a floor rate of 16.00%

33.00%

Self-Employment

11.50%

30.75%

Government and other institutions funded credit schemes are available at lower rate starting from 2.0 % p.a.

 

 

 

Other Loans and Advances

Min Rate ( % )

Max Rate ( % )

Pawning

29.00%

29.00%

Credit Cards

32.00%

32.00%

Unsecured Overdrafts

32.00%

36.00%

Bill Discounting - Local

32.00%

32.00%

Export Loans

26.50%

28.75%

Import Loans

31%

34.00%

Conditions Apply

 

Domestic Tariff - Digital Banking Products with effect from 24 March 2022
(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.1,000/-            Rs. 750/-
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.1,000/-            Rs.500/-
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/-
Government Stamp duty Rs. 25/- for every part of Rs. 1000/- 
(Mechant settlement country other than Sri Lanka)
Lost card replacement fee Rs.500/-
PIN re-issue fee Rs.250/-
Overseas courier charges Rs.2,000/-
   
4.1.3 Other Fees and charges- Cont'd
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 36.00% Per Annum
Interest on cash advance 36.00% 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
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
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 23 March 2022
(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.1,000/-            Rs.750/-
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.1,000/-            Rs.500/-
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/-
Government Stamp duty Rs. 25/- for every part of Rs. 1000/- 
(Mechant settlement country other than Sri Lanka)
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 36.00% Per Annum
Interest on cash advance 36.00% Per Annum
4.2 Debit Cards

Joining Fee

  • Name Card (Embossed)
  • No Name Card (Un Embossed) First card 
    (Excluding 14+, PFC, Prestige C/A)

 

Rs. 750/-
Rs. 500/-

 

Annual Fee (Excluding 14+, PFC, Prestige C/A)

  • Name Card (Embossed)
  • No Name Card (Un Embossed) 

 

Rs. 500/-
Rs. 500/-

Renewal or Replacement Card

  • Name Card (Embossed)
  • No Name Card (Un Embossed) 

 

Rs. 750/-
Rs. 500/-

Reactivation Fee for stopped cards

Rs. 50/-

Limit Enhancement Fee

Rs. 100/-

Debit/ ATM Transactions performed on BOC ATM

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)

 

1.0 OUTWARD REMITTANCES

 

 

ISSUANCE OF FOREIGN CURRENCY NOTES                          3% of value (Min. LKR 1,000/-)

 

TELEGRAPHIC / SWIFT TRANSFERS  *

           

(A)  Issue                           Commission                       0.1% of the value  (Min LKR 750/-  Max  LKR 7,500/-) 
                                           Handling Charges              2.8% of the value

                                          *An additional commission of 0.1% on Imports  (Min LKR 750/- Max LKR 15,000/-)
                                           (Correspondent bank charges are applicable)

                                                                                                                                                                                                                                                                             

(B) Amendments                  Correspondent bank charges           At actual
                                             SWIFT charges                              LKR 300/- per amendment

 

ISSUANCE OF FOREIGN DRAFTS

 

(A)  Issued for remittance purpose *                         0.5% of the value (Min. LKR 1,000/- Max. LKR 12,000/-)             

                                                                                    *An additional commission of 0.5% on Imports (Minimum LKR 750/- Maximum LKR 30,000/-)
                                                                                      (SWIFT Charges are applicable)

(B)   Issued for travel purpose                                   0.5% of the value (Min LKR 650/- Max LKR 12,000/-)
                                                                                       (SWIFT Charges and correspondent banking charges are applicable)

 

(C)   Cancellation of drafts issued by BOC  

                                       If instrument is surrendered                LKR 600/-

                                       If instrument is not surrendered           LKR 350/-
                                                                                                     (SWIFT Charges and correspondent banking charges are applicable)                                                                                                                                          

 

 

 

 Multi Currency Travel card

  

  • Issue (Any Currency)                                     Commission          2% of the value   (Min LKR 1,000/-)
                                                                           Issuing fee             LKR 3,000/-
                                                                           (Applicable from card pack ID 000P010000013114)  

        

  • Card cancellation fee                               LKR 1,000/-

 

  • ATM (International) For GBP                 GBP 2.50
    Fee per withdrawal                             Other Currencies   USD 3/-
    (Additional fees may apply according to the overseas ATM charges)

 

  • ATM (International)                   For GBP                 GBP 0.40

            Balance inquiry fee                    Other Currencies   USD 0.50

 

  • Card replacement fee USD 8/-
  • Pin reissuance fee                                                            USD 3/-
  • E Statement regeneration fee                                          USD 0.25
  • Emergency card replacement fee                                    USD 23/-
    (To dispatch through courier service)
  • Card renewal fee (Applicable in every 4 years)                LKR 3,000/-

 

            FOR FURTHER COMMISSIONS, PLEASE CONTACT SENIOR MANAGER (TRAVEL DEPARTMENT) – 011 2203170

 

 

2.0 INWARD REMITTANCES

                                                                                                                                                                                                                                                                                            

Inward remittances to Bank of Ceylon

  

                     Over the counter cash payments by identification of customer                              Commission           LKR 150/-

                     Remittances to BOC LKR accounts                                                                        Commission           LKR 100/-

                     Remittances to foreign currency accounts                                                              Commission           NIL

 

                     FOR FURTHER COMMISSIONS, PLEASE CONTACT SENIOR MANAGER (INWARD REMITTANCE DEPARTMENT) – 011 2203770

 

 

 

3.0 FOREIGN DRAFTS

 

 

Purchasing Instruments

                                 Drafts drawn on BOC in LKR & Foreign Currency                               LKR 250/-

                                 Foreign currency drafts drawn on other Banks in Sri Lanka

                                                        Up to   USD 1,000/-                                    LKR   400/-
                                                        From   USD 1,000/- to USD 5,000/-           LKR   1,000/-
                                                        Above USD 5,000/-                                    LKR   3,500/-
                                                          (Additional LKR 750/- to be retained in ‘Suspense account’ as a cushion against fluctuation of exchange rates or commission of drawer bank . Any excess to be refunded later)

 

Collecting Instruments

Foreign drafts & other instruments in foreign currency, drawn on  other banks in Sri Lanka and overseas centers     

 

                                                        Up to  USD 1,000/-                                        LKR 250/-
                                                        Above USD 1,000/- up to USD 5000/-           LKR 500/-
                                                        Above USD 5000/-                                         LKR 750 /-
                                                          Correspondent  bank charges  are applicable   

 

USD drafts drawn on local banks in Local USD Clearing System                                                                                           

                   To LKR A/C                     

                                                        Up to USD 1,000/-                                        LKR 250/-
                                                        Above USD 1,000/- up to USD 5,000/-         LKR 500/-
                                                        Above USD 5,000/-                                       LKR 750 /-

                   To PFC A/C                                                                                       NIL

                   To BFC A/C                                                                                       USD 2/- (Per draft)

 

FOR FURTHER COMMISSIONS, PLEASE CONTACT MANAGER (BRANCH COLLECTION DEPARTMENT) – 011 2203626

 

4.0   FOREIGN CURRENCY ACCOUNTS

 

 

PERSONAL FOREIGN CURRENCY ACCOUNTS  

     

                 Issue of Foreign Currency Notes

                                             Account holder                                                         Nil
                                             Family members of the account holder                    0.5%

 

                 Funds transfer  - To a LKR A/C at BOC                                                Nil

                                           - To a LKR A/C at other Banks                                    USD 5/-      (By Pay Order)
                                                                                                                               USD 5/-      (Through SLIPS) 
                                                                                                                               LKR 400/-  (Through RTGS)

                 Standing Order Payments

                                          To the credit of LKR A/C at BOC                                     Nil
                                          Others                                                                             USD 5/-     

                                                                                                                                                                  

                 Drafts

                            Issue of foreign drafts other than in JPY               Commission     Up to USD 10,000/- or equivalent          USD 6/-     
                                                                                                                                   Above USD 10,000/- or equivalent        USD 10/- 
                                                                                                                                   SWIFT charges as applicable

                            Issue of drafts in JPY                                           Commission     JPY 6,000/-
                                                                                                                                  SWIFT charges as applicable                         

 

                 SWIFT Transfers

                             Issue                                                                   Commission                               LKR 500/-
                                                                                                         Correspondent bank charges and SWIFT charges as applicable

                             Amendments                                                     Correspondent Bank charges     At actual
                                                                                                        SWIFT charges as applicable

                           Issue of certificate of balances
                                          - addressed to the A/C holder                                                                Nil
                                         - addressed to other institution or “To whom it may concern”                 USD 2/-
                                         - Tax purposes                                                                                        USD 2/-     
                                         - Addressed to auditors/Audit purpose                                                    USD 5/-   

   

                           Issue of statements of accounts
                                        -Monthly                                                           Nil             (If dispatched to local address)
                                                                                                                USD 1/-     (If dispatched to overseas address)
                                        - Weekly                                                          USD 4/- per month
                                        - Daily                                                              USD10/- per month

                            Closing of Account                                                       USD 5/-     (May be waived off at the discretion of the manager)

 

 

BUSINESS FOREIGN CURRENCY ACCOUNTS 

 

                     Issue of Foreign Currency Notes                                          1% of the Value (Min. USD 5/-)

                     SWIFT Transfers

                                       Issue                                                                     0.1% of the value  (Min LKR 1,000/-  Max  LKR 10,000/-)
                                                                                                                    Correspondent bank charges and SWIFT charges as applicable          
                                       Amendments                                                        Correspondent Bank charges    At actual
                                                                                                                     SWIFT charges as applicable

                     Issue of Certificate of Balance to Auditors                             USD 10/-

                     Issuance of drafts                               Commission               0.5% of the value  (Min USD 6/- Max USD 15/-)
                                                                                                                    SWIFT charges as applicable        

 

                    FOR FURTHER COMMISSION RELATED TO FOREIGN CURRENCY ACCOUNTS, PLEASE CONTACT THE ACCOUNT HOLDING BRANCH

 

 

5.0 EXPORTS

 

 

   5.1   DOCUMENTARY CREDIT (LETTER OF CREDIT)

 Advice                         Advising Charges (Customer)                 LKR 2,500/-                                                                                      

Amendments               Advising Amendments (Customer)         LKR    2,000/-

                                                  

Bill negotiations Under Letter of Credit

 

                                    Proceeds to LKR accounts

           

  • Sight LC          Handling charges          1% of Value (Min.LKR 2,500/-Max. LKR 15,000/- )

                                                    Examination fee             LKR 5,000/-

 

  • Term LC         Handling charges          15% of Value (Min.LKR 3,500/-Max. LKR 15,000/-)

Examination fee             LKR 5,000/-                                                                                                                                                                                                                                                    

                                     Proceeds to Foreign Currency accounts

 

  • Sight LC         Handling charges          1% of Value (Min.USD 50/- Max. USD 75/-)

Examination fee             USD 25/-                                                                                

 

  • Term LC         Handling charges           15% of Value (Min.USD 70/- Max. USD 100/-)

                                                Examination fee            USD 25/-

                                                                                                                                               

           

Presentation of documents to the issuing bank on approval basis        0.1% of the Value (Min. USD 25/- Max. USD 50/-)                  

 

 

 

                       

5.2   DOCUMENTARY COLLECTION

 

             Purchase of Bills

                             Foreign currency bills    

                                                 - DP                      0.15% of Value     (Min. USD 50/- Max. USD 75/-)
                                                 - DA                      0.20% of Value     (Min.USD 70/- Max. USD 100/-)

             Collection of Bills        Sent to bank      LKR 5,000/-  /USD 35/-

 

                          FOR FURTHER COMMISSIONS, PLEASE CONTACT SENIOR MANAGER (EXPORTS) – 011 2203281

 

6.0  IMPORTS

 

 

                 6.1 DOCUMENTARY CREDIT (LETTER OF CREDIT)

 

        Issuing of LC

                International  LC                                                                         2% of Value for 1st quarter and thereafter 0.15% for each additional month or part thereof  (Min. LKR 5,500/-)
                Domestic LC / Letters of credit opened against foreign currency (settlement should be made in foreign currency)
                                                                                                                   0.25% of Value for 1st quarter and thereafter 0.25% for each additional month or part thereof  (Min. LKR 5,500/-)

         Amendments

 

                             Government, Private LCs & Permit LCs                        LKR 2,500/- (If borne by the applicant) 
                                                                                                                    USD 35/- or equivalent (If borne by the beneficiary)

                                                                                                                                                                          

 6.2 IMPORT BILLS

 

                      Bills under LCs (International & Domestic)

                               Acceptance (Usance Bills)                                                               0.15% of value per month (Min. LKR 6,000/-)

                               Handling of Bills

                                          - Bills settled from PFCA/BFCA accounts with us & FC Loans                               0.05% of the value (Min USD 30/-) + USD 20/-
                                          - Bills under domestic LC                                                                                        0.05% of Value (Min. LKR 6,000/-Max. LKR 75,000/-)
                                          - Bill settlement International LC (should be collected as per LC term from either applicant or beneficiary)     
                                                                                                                                                                          2% of Value (Min. LKR 6,000/-) 
                                                                                                                                                                          SWIFT Charges  USD 15/- per message

                              Discrepancies in Documents
                                           -Bills under domestic LCs                                     Discrepancy charges      LKR 5,000/- per set of documents presented
                                                                                                                         SWIFT charges               LKR 2,500/-

                                           -Bills under international LCs                                Discrepancy charges      USD 75/- per set of documents presented
                                            (Should be collected from the presenter)             SWIFT charges              USD 25/-

 

                   Bills on Collection (DP / DA)

                              (A)  Collection of DP Bills                                          Handling charges    From LKR Accounts                              4% of value (Min LKR 6,000/-)
                                     (Documents against Payment)                                                           From BFCA/PFCA/FCL Accounts         0.3% of value (Min USD 40/-)                                                                                                             

                            (B)  Collection of DA Bills                                           Handling charges     From LKR Accounts                               4% of value (Min LKR 6,000/-)
                                  (Documents against Acceptance)                                                         From BFCA/PFCA/FCL Accounts          0.45% of value (Min USD 45/-)

             

6.3 OTHER CHARGES

                   Shipping Guarantee / Parcel Guarantee

                          Issue of Shipping Guarantees
                                                                 Under LC                           0.3% of value  (Min. LKR 5,000/-)
                                                                 On collection basis            0.375% of value  (Min. LKR 5,000/-) 
                                                                                                          (At least 110% cash margin should be reserved until receipt of the original documents)

 

                    Import loan documentation

                                                  T/R& Pledge loans               LKR 4,000/-
                                                  Other Loans                         LKR 3,500/-

 

                   SWIFT charges for correspondence                         
                                                  Local                                     LKR 2,500/-
                                                  Foreign                                  USD 20/- per swift message  

 

FOR FURTHER COMMISSIONS, PLEASE CONTACT SENIOR MANAGER (IMPORTS) – 011 2203241

 

  7.0  LETTERS OF GUARANTEE

            (At the request of Foreign Applicants)

                                                                                                                                   

 

ISSUING     (Backed by Cash/ Counter Guarantee)
      (A)       Issuing of Guarantees                      Commission                              5% of the value p.a 
                                                                                                                             (Minimum USD 150/- or 03 months commission whichever is higher)
                                                                           SWIFT Charges                        USD 15/- (Per Message)

      (B)       Issuing of Counter Guarantees         Commission               1.5% of the value p.a
                                                                                                                             (Minimum USD 150/- or 03 months commission whichever is higher)
                                                                           SWIFT Charges                         USD 15/- (Per Message)

 

ADVISING                                                           Commission                              USD 125/- 
                                                                            SWIFT charges                         USD 15/- (Per Message)

                                                        

AMENDMENTS (GUARANTEES & COUNTER GUARANTEES)

        (A) Extension of validity or increase of value

                                                                             Commission                             1.5% of the value p.a on monthly basis (Min USD 125/-)
                                                                             SWIFT charges                        USD 15/- (Per Message)

                                                                    

        (B)    Other amendments     

                                                                            Commission                             USD 125/-
                                                                            SWIFT charges                        USD 15/-  (Per Message)

                                                                       

 

       FOR FURTHER COMMISSIONS, PLEASE CONTACT SENIOR MANAGER (CREDIT SUPPORT) – 011 2203456

 

 

     8.0  OFFSHORE BANKING DIVISION

 

                Issue of Draft                                                        USD 10/- or equivalent

                Balance confirmations                                          USD   5/-  

                Standing Orders (In each execution)                    USD   5/-  

                Outward remittances                                             USD 30/-  

                Amendments on outward remittances                   USD 12/-  (per message)

 

 

   IMPORTS

                  Documentary Credit

                           Issuing of DC               0.3% of the Value for 1st quarter and thereafter 0.15% for each additional month or part thereof  (Min. USD 40/-) 

                           Amendments
                                   (A) Extension of validity or increase in value                              3% of the Value for 1st quarter and thereafter 0.15% for
                                                                                                                                       each additional month or part thereof  (Min USD 25/- per amendment)

                                   (B)   Other amendments                                                             USD 25/-  

                                                                                     

                           Cancellation of unutilized DCs on request  of applicant
                            including draft DCs after  transmission                                             USD 25/-                          

 

     

                    Import Bills

                               Documentary collection Bills(DP/DA)                                              0.30% of value (Min. USD 30/-)     
                               Endorsement of Bill of Lading consigned to Bank of Ceylon          USD 10/-
                               Issuing Shipping Guarantees                                                          0.3% of value (Min. USD 30/-)

 

                   FOR FURTHER COMMISSIONS, PLEASE CONTACT SENIOR MANAGER (OFFSHORE BANKING) – 011 2203350