SOC Conv English
SOC Conv English
SOC Conv English
Effective
A. IMPORTS ..........................................................................................................................................................................2
1) LETTERS OF CREDIT .....................................................................................................................................................2
2) BILLS ............................................................................................................................................................................3
OTHERS ................................................................................................................................................................................4
B. EXPORTS .......................................................................................................................................................................4
1) Letter of Credit ............................................................................................................................................................4
2) BILLS ............................................................................................................................................................................4
3) OTHERS .......................................................................................................................................................................5
C. DOMESTIC BANKING .......................................................................................................................................................5
1. Inland Letters of Credit ...............................................................................................................................................5
2. BILLS ............................................................................................................................................................................6
3. GUARANTEES: .............................................................................................................................................................6
GENERAL BANKING (Foreign) ...................................................................................................................................................7
A. REMITTANCES .............................................................................................................................................................7
B. CLEARING THROUGH NIFT ..........................................................................................................................................7
C. Collection through Correspondent .............................................................................................................................7
D. FOREIGN BILLS PURCHASED ........................................................................................................................................7
E. Postal/Telegram/Telephone/SWIFT/Telex/fax & Courier Charges. ............................................................................7
GENERAL BANKING (Domestic) ................................................................................................................................................8
A. REMITTANCES .............................................................................................................................................................8
B. BILLS ............................................................................................................................................................................8
C. SAFE DEPOSIT LOCKERS...............................................................................................................................................9
D. UTILITY BILLS (PTCL, WAPDA, SNGPL) ......................................................................................................................9
E. ALTERNATE DELIVERY CHANNELS ...............................................................................................................................9
F. Certificate of Investment ..........................................................................................................................................11
G. CONSUMER BANKING SERVICES ...............................................................................................................................11
H. ASKARI MASTER CARD (Credit Card) .........................................................................................................................13
I. Branchless Banking ...................................................................................................................................................15
J. Corporate Leasing (Autos) .........................................................................................................................................16
K. Business Finance .......................................................................................................................................................16
L. AGRICULTURAL & RURAL BANKING SERVICES ..........................................................................................................16
M. ADVANCES ............................................................................................................................................................17
N. PMYB & ALS (Prime Minister Youth Business & Agri Loan Scheme) .........................................................................18
S. MISCELLANEOUS CHARGES .......................................................................................................................................20
T. SALE AND PURCHASE OF SECURITIES, SAFE CUSTODY ARTICLES IN SAFE DEPOSIT ..................................................23
U. SETTLEMENT OF 3RD PARTY FUND TRANSFER THROUGH PRISM (RTGS): ................................................................24
V. Postal/Telegram/Telephone/SWIFT/Telex/fax & Courier Charges (Domestic) .........................................................24
1
Askari Bank Limited Sc hedule of Bank Charges (Exclusive of FED / Sales Tax) effective July 01, 2023
TRADE FINANCE
A. IMPORTS
1) LETTERS OF CREDIT
a. Cash Letters of Credit First Quarter or Each Subsequent Minimum
Part thereof Quarter or part Thereof
c. Revalidation Commission Revalidation commission after expiry of LC, when the same is revalidated,
revalidation commission is to be charged same as in case of opening a fresh LC.
d. Transfer Commission When LC is transferred to new beneficiary, transfer commission will be charged
as applicable in case of opening fresh LC as above.
e. i) LCs under suppliers/ buyers credit 0.45% per quarter or part thereof at the time of opening of LC is to be charged on
pay as you earn scheme and full amount of LC liability plus commission payable thereon for the period from
deferred payment LCs for period the date of opening of LC till the expiry of LC. Thereafter commission is to be
over one year upto US$10M or recovered on quarterly basis on reducing liability till payment of the last and final
equivalent installment.
ii) LCs under suppliers/ buyers credit 0.40% per quarter or part thereof for the first quarter and 0.22% for each
pay as you earn scheme and subsequent quarter to be charged on full amount of LC liability plus commission
deferred payment LC for over one payable thereon for the period from the date of opening of LC till the expiry of
year and for amounts in excess of LC. Thereafter commission is to be recovered on quarterly basis on reducing
US$ 10M or equivalent liability till payment of the last and final installment.
iii) Non-Reimbursable LCs under 1% per quarter or part thereof. 0.40% for each subsequent quarter or part thereof.
Barter/Aid/ Loans. Minimum Rs. 375/-.
g. Import under Registration of Contract i) Service charges at the time of registration of contracts / purchase order
/ proforma invoice
▪ Up to Rs. 30(m) 0.40%
▪ Above Rs.30(m) Up to Rs. 50(m) 0.30%
▪ Above Rs:50 (m) 0.20%
▪ 0.15%, Minimum Rs:1,500/- irrespective of contract
amount. (For SME customers)
ii) Rs:1,200/- per amendment or commission at rates specified
under item (f) above if amendment involves increase in amount /
extension in period.
LC Cancellation charges (not for expired LCs) Rs. 1000/-
iii. Import Collection/ Contract document handling charges at the time
of retirement for documents that remain pending for payment for
more than one-month Rs. 1,200/- per month
iv) Collection commission at the time of payment of bill Rs. 500/-
2
Askari Bank Limited Sc hedule of Bank Charges (Exclusive of FED / Sales Tax) effective July 01, 2023
2) BILLS
a. If bills are to be drawn under usance Rs. 750/- per bill to be charged at the time of retirement of bills. Extra
LC. Commission @ 0.15% is to be recovered/charged on monthly basis for the usance
import bills for any period beyond validity of LC. However, no commission to be
charged if the maturity/payment period of the bill falls within the period for which
commission has already been recovered.
Acceptance commission for amount in excess of US$ 5 M or equivalent, 0.08%
per month.
b. Own Acceptances Purchase (OAP) Mark-up @ Rs.0.80 / Rs.1,000/- on daily product basis on the bill amount shall
be charged along with penal commission @ 0.32%
c. Mark-up in case of import bills under import Mark-up @ Rs. 0.74/Rs.1,000/- daily product on the bill amount shall be charged
foreign/ inland LCs for clearance of goods (from the date of negotiation appearing on covering schedule/ value date,
wherever applicable, till the payment of buy back price OR from the date of
lodgment/remittance by the branch till the payment of buy back price in case
amount is not directly claimed from the reimbursing bank).
However, the proportionate bonus (rebate) shall be given on early payment
of the bill as under:
i) If the bill is paid (retired) within 15 days, a rebate of Rs.0.12/Rs.1,000/- on
daily product basis shall be allowed on the above rate.
ii) If the bill is paid within 16-35 days, rebate under item (i) above will not be
allowed and a rebate of Rs.0.02/- per Rs.1,000/- per day shall be allowed
(for the entire period) and Mark-up of Rs.0.72/1,000/- on daily product
basis shall be charged from the date of negotiation.
iii) If the bill is paid (retired) after 35th day, no rebate will be allowed as
applicable under (i) & (ii) and mark-up at the rate of Rs.0.74/Rs.1,000/-
on daily product basis shall be charged from the date of negotiation.
iv) Mark-up at above rate shall be charged from the date of negotiation till
deposit of 100% cash margin or retirement of bill (whichever is earlier).
d. Discrepant Documents received under i) Rs. 800/- per discrepancy per document if charges are on Applicant’s account.
Import LC.
ii) US$ 90/- per document if charges are on beneficiary’s account and to be
recovered from negotiating bank.
e. i.) Collection. Rs. 1,250/- .
ii.) Items returned unpaid. Returned Unpaid: Rs. 1,800/- in addition to correspondent bank charges.
iii.) Handling charges on Rupees Handling Charges: Rs. 1,250/- in addition to correspondent bank charges
denominated import bill
f. Service charges against import transactions i) 0.15% - Minimum Rs. 1,500/-
i.e. Import Bills/PAD/Collection/Contract /
Open Account (excluding Import ii) Nil if the LC is backed by 100% cash margin or if 100% margin is blocked
Advance Payment). in non profit bearing A/C.
g. Remittance on account of Import without Rs.. 1,000/- plus SWIFT/Telex charges if required.
opening of LC or contract registered as
specified in the import Policy.
h. Advance remittance to suppliers abroad Rs. 4,500/- plus SWIFT charges
against imports
3
Askari Bank Limited Sc hedule of Bank Charges (Exclusive of FED / Sales Tax) effective July 01, 2023
3) OTHERS
a. WeBOC EIF and FI Rs:120/- per transaction
b. Transfer of EIF and FI Rs:600/- per transaction
c. FOC WeBOC EIF and FI Rs:1,200/- per transaction
d. Issuance of Business Performance Rs. 1,500/- per certificate
Certificate for previous years
Note:
In case the LC liability increases by virtue of exchange rate fluctuation and / or due to utilization of "Forward Cover" Facility (by the
customer), bank reserves the right to recover above LC commission on increased liability for the unexpired LC period.
B. EXPORTS
1) Letter of Credit
a. Advising Rs. 2,000/- for customers,
Rs. 3,000/- for non-customers
b. Amendment Advising Rs. 1,300/- for customers,
Rs. 2,000/- for non-customers
c. Negotiation of Rupee Bills under 0.30% Minimum Rs. 1,200/- (whichever is higher)
export Letters of Credit
d. Confirmation Subject to Arrangement / as decided by International Division
e. Transfer of Export LCs Rs. 2,000/-
f. Reimbursement payment to other Rs. 1,000-
local banks from non
Resident Rupee account
g. Verification of “EE” Statement Rs. 2,000/- per form
h. Letter of Credit cancellation Rs. 2,400/- plus SWIFT charges.
2) BILLS
a) If the documents are sent to other banks for Rs. 1,250/-
negotiation under restricted LCs
b) Service Charges against export documents i) 0.13% Minimum Rs:1,000/- (whichever is higher)
sent on collection basis (including Software ii) 0.10% service charges Minimum Rs:1,000 in consideration
Export / I.T Services) where payment cover export Business exceeding Rs:200M routed by SME customer in a year
is already received in bank's Nostro
Accounts/Advance Payment.
c) Collection
i) Clean Rs. 245/- (Excluding postage)
ii) Document (on which bank does not Rs. 1,200 per collection (excluding postage)
earn any exchange income)
4
Askari Bank Limited Sc hedule of Bank Charges (Exclusive of FED / Sales Tax) effective July 01, 2023
3) OTHERS
a) Handling of Duty Draw Back Claims @ 0.45% per claim…Min. Rs. 1,500/- (whichever is higher)
b) Handling charges in lieu of exchange 0.12%, minimum Rs. 1,200/- (whichever is higher)
earnings where an exporter sells foreign
exchange to some other bank while
documents were sent for
collection through AKBL
Note: Markup rate for financing under Export Finance Scheme (EFS) has been increased in the light of IH&SMEFD Circular
No. 11 of 2022.
C. DOMESTIC BANKING
1. Inland Letters of Credit
a) Issuance. A. i) 0.45% per quarter or part thereof…… Min. Rs. 2,000/-
b) Amendments Rs. 2,000/- per amendment or commission under item 1(a) above if amendment
involves increase in amount or extension in period of shipment.
e) If bills are drawn at usance Rs. 1,000/- per bill to be charged at the time of retirement of bills. Extra
under inland LC Commission at 0.145% per month is to be recovered/charged for the usance bills
for any period beyond validity of LC till date of maturity/payment. However, no
commission to be charged if the maturity/payment period of the bill falls within the
period for which commission has already been recovered
f) Purchase of Usance Bills. Charges as per item 2 (a) and point (iii) of the notes below.
2. BILLS
a) Documentary Collections. 0.40% ... Minimum Rs. 950/- (whichever is higher)
b) Documentary Bills other than those drawn 0.45% ... Minimum Rs. 950/- (whichever is higher) plus mark-up/return from the
against Letters of Credit & Clean date of purchase upto the date proceeds received.
Bills/Trade Cheques.
c) LBP Purchase / Discount mark up (minimum kibor + 2.5% or as approved by Business Head ).
Notes:
i) Collecting agent's charges, if the collecting agent is other than the bank, extra charges will be charged.
ii) Charges of Rs. 400/- for documentary collection in case the instrument is returned unpaid.
iii) Mark-up shall be applied on bills purchased/negotiated as approved.
iv) Storage charges Rs. 135/- per packet per day. No charge if cleared within 3 days of its receipt by the branch.
v) Other charges as per notes (i) to (iii) & (v) above will be extra.
3. GUARANTEES:
a) Guarantees issued to shipping companies in Rs. 2,000/- (against 110% cash margin, or against available limits).
lieu of bills of lading /delivery orders against
AWB where original documents have not
been received.
b) Other Guarantees 0.45% per quarter or part thereof…Minimum Rs. 1,500/- per transaction (whichever
is higher)
c) EOLs / OTTs: Minimum 0.05% per quarter over and above existing commission to be
charged, or as per approved Credit Approval.
f) Guarantees against liquid security NIL charges, if the Guarantees are against 100% cash margin or lien over
Current Account. In case of cash backed transactions other than cash margin
or Current Account, 0.15% per quarter.
h) Handling of claims under guarantees. Rs. 4,000/- to be charged to the applicant, except for interim claims received
from Custom Authorities.
i) Cancellation of Guarantees Against 25% plus cash margin - its NIL, Rs. 500 without any cash margin.
Commission to be charged from the date of issue till expiry of Letters of Guarantees. In case of open ended guarantee, commission will
continue to be charged on Annual Basis as per 3 (b), ( e ) and (f) until original guarantee is returned / released.
Note: All guarantees issued by banks will contain specific amount, expiry date and date by which the claims are to be lodged.
Note: Commission against Guarantees on behalf of Correspondent Banks subject to approval from IND.
Note:
BUSINESS COMMITMENT & The annual volume shall be ascertained and documented (firm commitment) in the
COMPENSATORY Facility Offer Letter. Upon failure to route the committed business, customer shall pay the
COMMISSION balance commission in accordance to the slab (as per SoC) that is applicable to the actual
volume routed. The balance commission will be recovered at the time of renewal of
facilities.
6
Askari Bank Limited Sc hedule of Bank Charges (Exclusive of FED / Sales Tax) effective July 01, 2023
A. REMITTANCES
a. Outward. i) FDD US$ 30/- plus cost of SWIFT Charges @ US$ 5/- per message or equivalent
PKR 0.4% will also be applicable if the amount is not retained in the account for 15
days
ii) FTT US$ 35/- plus SWIFT charges @ US$ 13/- per message or equivalent PKR
0.4% will also be applicable if the amount is not retained in the account for 15 days
b. i) Inward Nil if proceeds are credited to an account with us, otherwise a charge of US$ 5/- or
equivalent
ii) Home remittances Nil charges (excluding cost of Banker’s cheque/RTGS etc. charges when T.T. is
requested).
c. Cancellation of demand draft US$ 20- plus SWIFT charges @ US$ 5/- or equivalent
d. Issuance of duplicate demand US$ 20/- plus SWIFT charges @ US$ 5/- or equivalent
drafts (in lieu of lost)
e. Foreign exchange permits on Rs. 1,800/- per permit.
behalf of account holders
f. Registration of student cases US$ 70/- per case & Renewal fee US$ 50 or equivalent
g. Cash deposit in FCY Account Nil Charges
ii) Cheques, drafts, IMO etc, purchased for credit to F.C. account US$ 30/- plus actual courier charges (correspondent bank
charges will be extra , if any)
7
Askari Bank Limited Sc hedule of Bank Charges (Exclusive of FED / Sales Tax) effective July 01, 2023
5. Telephone & Fax Charges. Rs. 1,000/-
6. Foreign Bills sent for collection returned unpaid. Rs. 1,000/-
Note: - i) No charges on Inter branch cash deposit and withdrawal & online transfers for Islamic Banking Current account holders
using Conventional Branches counters.
V. Home Remittance
1. Issuance of Proceeds Realization Certificate, if transaction is Rs. 600/- per certificate
older than one year
B. BILLS
1. Collections
Clean (including Cheques) i) Upto Rs. 1,000,000 0.15% …… Minimum Rs. 240
ii) Over Rs. 1,000,000 0.080%
c. Replacement
Rs.1,850
i) Classic
ii) Gold Rs. 2,200
9
Askari Bank Limited Sc hedule of Bank Charges (Exclusive of FED / Sales Tax) effective July 01, 2023
2. UnionPay Chip Debit Card (Basic & Supplementary)
a. Issuance Fee
i. Classic Rs. 1,500/-
ii. Gold Rs. 1,700/-
b. Annual Service Fee
i. Classic Rs. 1,500/-
ii. Gold Rs. 1,700/-
c. Replacement
Rs. 1,500/-
i. Classic
Rs. 1,700/-
ii. Gold
d. ROC/Voucher Retrieval Charges
i. Local Rs. 300/-
ii. International Rs. 600/-
e. Chargeback Processing Fee
NIL
i. Local NIL
ii. International
3.50% of Trxn Amount
f. International POS transaction charges
4. ATM Services
Cash Withdrawal Fee
i) From Askari Bank’s ATM Free
ii) From 1-Link Member Bank’s ATM Rs. 23.44 per transaction
Receipts Printing- Cash Withdrawal /Balance Enquiry Rs. 3.13 per transaction
(Both On-us & Off-us transactions)
10
Askari Bank Limited Sc hedule of Bank Charges (Exclusive of FED / Sales Tax) effective July 01, 2023
ATM I-Net/Mobile
Banking/IVR
c. Inter Branch Fund Transfer Free Free
For Current / Profit bearing Account Holders
ATM I-Net/Mobile
d. Inter Bank Fund Transfer Banking/IVR
0.1% or Rs. 200/- whichever is lower on the amount
exceeding Rs. 25,000/- in a month.
Free
e. Inter Bank Fund Transfer through Raast ID
6. Beacon House School System (BSS) Rs. 25 per transaction
transaction fee
F. Certificate of Investment
Premature Encashment Charges 0.01% of amount invested
Note: For Corporate Deals including Armed Forces, charges will be applied as per agreed corporate arrangements.
Note: Customers above 65 years age are not eligible for insurance coverage.
2. Smart Cash
a- Processing Fee i) Clean - 2% of loan amount… min. Rs. 5,000/-
(including legal & documentation charges)
ii) Secured - 1.50% of loan amount max. uptoRs. 6,000/-
(Legal & documentation charges at actual)
b- Annual/Renewal Fee Rs. 6,200
c- Enhancement Charges 1.5% of the enhanced amount min Rs.6,200
11
Askari Bank Limited Sc hedule of Bank Charges (Exclusive of FED / Sales Tax) effective July 01, 2023
d- Cheque Return Charges Rs. 1,000/- per cheque
e- Late Payment Charges Rs.1,500/- per Instance
(For Corporate Deals including Armed Forces, charges will be
applied as per agreed corporate arrangements.)
f- Balance Confirmation Certificate/Duplicate NOC Rs.1,000
3. Mortgage Finance
a- Processing Fee Rs. 9,000 (Flat) for BTF Rs.6,000
Mera Pakistan Mera Ghar - Rs.6,000
b- Legal/documentation/valuation/ Income Estimation Charges At actual
c- Late Payment Charges Rs.1,500/- per Instance/per Installment
d- Cheque Return Charges NIL
e- Premature Termination Charges a. In case of early settlement by the borrower :
i) 1st year 7% of Prin OS
ii) 2nd year 6% of Prin OS
iii) 3rd+ year 5% of Prin OS
Note: For Corporate Deals including Armed Forces, charges will be applied as per agreed corporate arrangements.
4. Auto Finance
a. Processing Fee (Including Legal Documents Charges) Finance Amount upto Rs.1 Million - Rs.8,000/-
Finance amount more than 1 million upto Rs.2 Million -
Rs.10,000/-
Finance amount more than Rs.2 Million - Rs.12,000/-
(Non refundable, if down payment is paid by customer)
b. Vehicle Evaluation Charges At actual – maximum up to Rs.4,000/-
c. Premature Termination Charges i) 1st year 8.0% of Prin OS
ii) 2nd year 6.0% of Prin OS
iii) 3rd year and onwards 5.0% of Prin OS
d. Balloon Payment i) 1st year 7.0% of BPA
ii) 2nd year 6.0% of BPA
iii) 3rd year & onwards 5.0% of BPA
12
Askari Bank Limited Sc hedule of Bank Charges (Exclusive of FED / Sales Tax) effective July 01, 2023
k. Duplicate / Revalidation of NOC charges Rs. 1,500/-
l. Vehicle Registration Service Charges (Third Party Actual or Rs.5,000/- whichever is less
Payment)
m. Fees for Registration of security interests in Secured *Actual
Transaction Registry (STR) including Initial,
Modification, Termination charges etc.
c. Platinum Card Rs. 12,000/- (Waiver on 30% utilization of total limit within 3
months of issuance / renewal)
d. World Card Rs. 15,000/- per annum
e. Corporate Card (Annual Fee) Rs. 3,500/- (Waiver on 50% of total limit within 1 month)
g. Supplementary Card – Classic Rs. 2,200 (Waiver on 15% utilization of total limit within 3
months of issuance / renewal)
h. Supplementary Card - Gold Rs. 3,750 (Waiver on 15% utilization of total limit within 3
months of issuance / renewal)
i. Supplementary Card – Platinum Rs. 6,000/- (Waiver on 15% utilization of total limit within 3
months of issuance / renewal)
j. Supplementary Card - World Rs. 9,000/- per annum
13
Askari Bank Limited Sc hedule of Bank Charges (Exclusive of FED / Sales Tax) effective July 01, 2023
3. Service Charges - Retail Transactions Upto 3.5% per month (42% per annum) of the outstanding
Classic, Gold, Platinum & Corporate Cards (all amount.
segments except World Cards)
World Cards 3.7% per month (44.40% per annum) of the outstanding amount
Balance Transfer Facility (BTF) 2% per month (24.00% *APR) for BTF
11. Early Termination Charges - FCP/EPP/CFC/BTF Rs 1,500/- or 5.5% of the outstanding amount, whichever is higher
12. Credit Cover Premium (With the consent of customer) 0.48% of outstanding balance
Note: Customers above 65 years age are not eligible for insurance
coverage.
14
Askari Bank Limited Sc hedule of Bank Charges (Exclusive of FED / Sales Tax) effective July 01, 2023
I. Branchless Banking
Branchless Banking (Askari Digital Wallet)
1. Askari Digital Wallet Account Opening Free
2. Create Askari Digital Wallet /ATM PIN Free
3. Change Askari Digital Wallet /ATM PIN Free
4. Mini Statement of Askari Digital Wallet Free
5. AKBL Core Account Linking with Askari Digital Wallet Free
6. Transfer In - from AKBL Bank Account to Askari Digital Wallet Free
7. Transfer Out - from Askari Digital Wallet to AKBL Bank Account Free
8. Utility Bill Payment Free
9. Mobile Top Up Free
10. Incoming IBFT Free
11. International Home Remittance Free
12. Donation Payment Free
13. Balance Enquiry. Free
14. Balance Enquiry from other bank’s ATMs Switch Fee Rs. 3.13 per enquiry
15. Cash Withdrawal through Askari Bank’s ATMs Free
16. Cash Withdrawal through other Bank’s ATMs Switch fee of Rs.23.44 per transaction
17. ATM Receipt Printing -Cash Withdrawal /Balance Enquiry
Rs. 3.13 per transaction
(Both On-us & Off -us Transaction)
18. ATM / Debit Card Issuance / Replacement Fee Rs.431/- per Card
(Negotiable for corporate clients)
19. ATM / Debit Card Annual Fee Rs.431/- per Card
(Negotiable for corporate clients)
20. Money Transfer (Askari Digital Wallet to Askari Digital Wallet) Free
21. Money Transfer (Askari Digital Wallet To AKBL Core Account) Free
22. Money Transfer (Askari Digital Wallet To Other Bank Account)
Fund Transfer up to Rs. 25,000/- per month Free
Fund Transfer above Rs. 25,000/- per month 0.1% or Rs. 200/- whichever is lower on the amount
exceeding Rs. 25,000/-
23 Cash Deposit – BB Account Holder in his/her account Minimum Free
Rs.100/- to maximum Rs. 50,000/-
24 Cash Withdrawal from Mobile Wallet (through BB Agent)
a) Up to Rs.200/- Rs. 9/- per transaction
b) Over Rs.200/- to Rs. 500/- Rs. 13/- per transaction
c) Over Rs.500/- to Rs.1,000/- Rs. 26/- per transaction
d) Over Rs.1,000/- to Rs.2,500/- Rs. 52/- per transaction
e) Over Rs.2,500/- to Rs.4,000/- Rs. 78/- per transaction
f) Over Rs.4,000/- to Rs.6,000/- Rs. 103/- per transaction
g) Over Rs.6,000/- to Rs.8,000/- Rs. 129/- per transaction
h) Over Rs.8,000/- to Rs.10,000/- Rs. 155/- per transaction
i) Over Rs.10,000/- to Rs.13,000/- Rs. 198/- per transaction
j) Over Rs.13,000/- to Rs.16,000/- Rs. 241/- per transaction
k) Over Rs.16,000/- to Rs.20,000/- Rs. 284/- per transaction
l) Over Rs.20,000/- to Rs.25,000/- Rs. 328/- per transaction
m) Over Rs.25,000/- to Rs.30,000/- Rs. 405/- per transaction
n) Over Rs.30,000/- to Rs. 40,000/- Rs. 483/- per transaction
o) Over Rs.40,000/- to Rs.50,000/- Rs. 595/- per transaction
25 Money Transfer (Mobile Wallet to CNIC):
a) Up to Rs.1,000/- Rs. 40/- per transaction
b) Over Rs.1,000/- to Rs.2,500/- Rs. 80/- per transaction
c) Over Rs.2,500/- to Rs.4,000/- Rs. 120/- per transaction
d) Over Rs.4,000/- to Rs.6,000/- Rs. 160/- per transaction
e) Over Rs.6,000/- to Rs.8,000/- Rs. 200/- per transaction
f) Over Rs.8,000/- to Rs.10,000/- Rs. 240/- per transaction
g) Over Rs.10,000/- to Rs.13,000/- Rs. 280/- per transaction
h) Over Rs.13,000/- to Rs.16,000/- Rs. 310/- per transaction
i) Over Rs.16,000/- to Rs.20,000/- Rs. 379/- per transaction
j) Over Rs.20,000/- to Rs.25,000/- Rs. 440/- per transaction
26 Bank Transfer AKBL & IBFT (OTC)
a) Up to Rs.1,000/- Rs. 30/- per transaction
b) Over Rs.1,000/- to Rs.2,500/- Rs. 43/- per transaction
c) Over Rs.2,500/- to Rs.4,000/- Rs. 56/- per transaction
15
Askari Bank Limited Sc hedule of Bank Charges (Exclusive of FED / Sales Tax) effective July 01, 2023
d) Over Rs.4,000/- to Rs.6,000/- Rs. 69/- per transaction
e) Over Rs.6,000/- to Rs.8,000/- Rs. 78/- per transaction
f) Over Rs.8,000/- to Rs.10,000/- Rs. 91/- per transaction
g) Over Rs.10,000/- to Rs.13,000/- Rs. 103/- per transaction
h) Over Rs.13,000/- to Rs.15,000/- Rs. 112/- per transaction
i) Over Rs.15,000/- to Rs.20,000/- Rs. 134/- per transaction
j) Over Rs.20,000/- to Rs.25,000/- Rs. 147/- per transaction
K. Business Finance
a. Processing Fee Rs. 10,000/-
b. Legal/Documentation/Valuation/Income At actual
Estimation Charges
c. Renewal Fee Rs. 10,000/-
d. Enhancement Charges Rs. 10,000/-
e. Cheque Return Charges Rs. 1,000/- per cheque
f. Late Payment Charges Rs. 1,000/- or 8.62% of the installment amount, whichever is
higher.
g. Premature Termination Charges Upto 6.5% of the limit.
16
Askari Bank Limited Sc hedule of Bank Charges (Exclusive of FED / Sales Tax) effective July 01, 2023
3. Amendments in terms of approval Rs. 1,000/-
4. Punjab Land Records Authority (PLRA) Service Charges Actual
(Punjab Province Only)
5. Fees for Registration of security interests in Secured Actual
Transaction Registry (STR) including Initial, Modification,
Termination charges etc.
Processing Fee for BOE (Financial Inclusion of Females) / Nil
Agriculture Financing to Women Farmers
M. ADVANCES
Following charges will be recovered in addition to mark-up profit on lending/advances:-
1. Miscellaneous charges. Actual
(i.e., charges for documents, evaluation of security &
maintenance thereof, etc.)
2. Service charges on processing of Credit Proposal
(on acceptance of FAL) for:
b. Fresh Facility / Enhancement (For Funded & Non- ▪ Upto Rs. 5 M: 0.20% minimum Rs. 4,500/-
Funded Facilities) ▪ Over Rs. 5 M to Rs. 10 M: 0.20% minimum Rs. 6,250/-
▪ Over Rs. 10 M to Rs. 50 M: 0.20% minimum Rs. 25,500/-
▪ Over Rs. 50 M to Rs 100 M: 0.20% minimum Rs. 32,500/-
▪ Above Rs. 100M - Up to 0.2% or a minimum of PKR
52,500/-
c. Review at Existing / Reduced Level (For Funded & ▪ Upto Rs. 5 M: 0.20% minimum Rs. 4,500/-
Non-Funded Facilities) ▪ Over Rs. 5 M to Rs. 10 M: 0.20% minimum Rs. 6,250/-
▪ Over Rs. 10 M to Rs. 50 M: 0.20% minimum Rs. 10,000/-
▪ Over Rs. 50 M to Rs 100 M: 0.20% minimum Rs. 15,000/-
▪ Above Rs. 100M - Up to 0.2% or a minimum of PKR
25,000/-
Note: Service Charges of Corporate / Commercial may be revised by the Business Head.
3. OTT / EOL Charges: Minimum 0.50% over and above existing pricing to be charged, or
as per Credit Approval
4. Change of Security documents Rs. 5,000/- per request.
5. Release of Security documents Rs. 2,000/- per request.
6. Project examination fee. 1.5% of project facility requested (wherever applicable)
7. Commitment Fee / Up-front Fee Minimum 0.50% of the facility requested or as per
arrangement approved in the approval / sanction advice.
8. Issuance of NOC for Credit Facilities from other Banks Upto Rs. 10,000/- or as per approval
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Askari Bank Limited Sc hedule of Bank Charges (Exclusive of FED / Sales Tax) effective July 01, 2023
d) Delivery charges if a Godown Keeper is not posted. Actual.
Conveyance charges will be recovered.
e) Other incidental expenses Insurance premium, Legal Actual.
charges etc
f) Issuance of Delivery Order against pledge. Rs. 550/- per delivery order.
a) Tenor based facilities Additional spread of 2% per annum over and above the approved
mark-up rate to be charged for the overdue days of principal amount.
b) Running Finance / CASA facilities 30 days beyond the due date are given to service mark-up.
Followings slabs will be applicable from 31st day onwards,
and will include all days since due-date:
Note: While recovering the Miscellaneous Charges like godown staff salary, inspection charges etc., the amount recovered from the
borrowers will not exceed the total rent of the godown, salary of the godown staff etc. In other words, Miscellaneous Charges
will be levied as per actual
Business commitment in the form of an undertaking to be obtained from the client to the effect that they
BUSINESS COMMITMENT &
will pay commission upto 2% to the extent of shortfall in their business commitment. Same to be
COMPENSATORY COMMISSION
incorporated in Facility Offer Letter as well.
N. PMYB & ALS (Prime Minister Youth Business & Agri Loan Scheme)
Processing charges for PMKJ applications (all tiers) Rs. 100/-
eCIB charges to recovered Actual.
Late payment charges for PMYB & ALS all Tiers (I, II & III) PKR 1,000/- plus FED per instance per installment, grace period
included. (Late Payment to be triggered 15 days after installment
becomes due i.e. on day 16)
Late payment penalty after due date (15th day of due date) Rs. 1000/- per installment
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Askari Bank Limited Sc hedule of Bank Charges (Exclusive of FED / Sales Tax) effective July 01, 2023
P. Askari Imarat Finance
Processing charges for AIF application (Non-refundable) Rs. 30,000/- or 0.2% of
loan amount whichever is
higher
Late Payment Penalty after due date (15th day of due date) Rs. 3,000/- per installment
i) In case entire outstanding loan @ 3% of the total @2% of the total outstanding
is adjusted within 03 years outstanding loan loan amount
of first disbursement amount
ii) In case entire outstanding @ 2% of the total @1% of the total outstanding
loan is adjusted after outstanding loan loan amount
03 years. amount
iii) Ballon Payment Balloon Payment upto Ballon Payment upto 30% of loan
20% of loan outstanding outstanding amount is allowed once
amount is allowed once in in each year without penalty
each year without penalty. Adjustment of over and above 30%
Adjustment of over and will be charged @ 1% of balloon
above 20% will be charged payment penalty
@ 2% of balloon payment
Amount
S. MISCELLANEOUS CHARGES
1. Stop payment of cheques Rs. 600/- per instruction
2. Duplicate statement of Account Rs. 35/-
(No charges for pensioner’s account)
3. Duplicate party advice charges Rs. 50/- per advice
4. Confirmation of balance to Auditors/any other certificate Rs. 375/-
(No charges for pensioner’s account)
5. Issuance of cheque book Rs. 22/- per leaf (FED is applicable in provinces of Punjab, Sindh,
KPK & Baluchistan only)
6. Re-issuance of cheque book against Form B. Rs. 400 plus Rs. 22/- per leaf (FED is applicable in provinces of
Punjab, Sindh, Baluchistan & KPK only)
7. Cheques returned unpaid in clearing i) Inward: Rs. 700/- per cheque from issuer
8. Account Closing Charges LCY: Rs.200/- or whatever minimum balance available in A/c. No
(No charges for pensioner’s and all Asaan Accounts) service charges if closed by the Bank. Free for regular Saving
Accounts. FCY: US $ 10/- or equivalent to other currencies.
No service charges if closed by the Bank
10. Charges to be recovered from Employer Account in case of Rs. 50/- per credit (Except defense & Govt. Employees)
transfer of salary to the Employee Account..
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Askari Bank Limited Sc hedule of Bank Charges (Exclusive of FED / Sales Tax) effective July 01, 2023
20. Savings Bank Account – Minimum balance requirements No minimum balance limit.
(a) Regular Account (No Service charges on PLS Saving Accounts in any manner
whatsoever)
* In case of short fall in the minimum average balance requirement, service charges for free services being offered will be charged as per
charges mentioned in this Schedule of Charges.
21. Value Added Features on Askari Value Plus Current Account (Individual)
Avail Free Insurance Coverage* & Locker Facility**on Maintaining month average balance of Rs. 50,000 only
*24 hours world-wide “Accidental Death & Permanent Disability” insurance coverage. The sum insured per account holder shall be
equivalent to four times of the last six months average balance – maximum up to Rs. 2.0 million (minimum average of 50,000)
**Allocation of Lockers (subject to availability), refundable key deposit applicable as per SOC
PKR 100,000
Askari Maximiser Savings Account Minimum Balance Service charges will be deducted if monthly average balance falls
Requirement below PKR 100,000.
Askari Maximizer Term Deposit minimum deposit requirement PKR 100,000
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Askari Bank Limited Sc hedule of Bank Charges (Exclusive of FED / Sales Tax) effective July 01, 2023
25. Account maintenance charges on all Foreign
Currency Accounts (New FCA + Frozen), where balance
of CD & SB accounts during the month falls below the
slabs as mentioned hereunder:-
a) New FCY Accounts
i) US$ 100/- US$ 1/- per month
ii) GBP 100/- GBP 1/- per month
iii) EUR 100/- EUR 1/- per month
27. Payment of Prize Money claims (upto Rs. 500,000/-) of Cash in Transit Charges – Actual & Service Charges – Rs. 1,000/-
National Prize Bonds though designated branches
NIL CHARGES:
(Other than Import, Export, Local LC & Guarantee Business).
From customers maintaining average deposit of Rs.2M in non-interest/ non-profit bearing accounts for the last 6 months or Rs.5M in
interest/profit bearing accounts; except out of pocket expenses and correspondent bank charges.
Staff: On all banking transactions, commission/charges including cheque books within reasonable amount as defined in Bank’s SOP
/Circulars. In case of availing Locker facility 50% of the rent amount with no key deposit.
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Askari Bank Limited Sc hedule of Bank Charges (Exclusive of FED / Sales Tax) effective July 01, 2023
2. Withdrawal fee on shares and securities held in safe custody (to 0.65% on the first Rs.10,000/- of the paid up or face value
be recovered at the time of withdrawal). minimum Rs.13/-; 0.160% on amount exceeding Rs.10,000/-.
3. Withdrawal fee on Government Securities, where share and/or Rs. 10/- per scrip.
securities sold are from those held in safe custody, either
commission on sale of share and securities as shown against
item (i) or withdrawal fees, as shown against item (ii) and (iii)
whichever is higher, will be charged but not both.
4. Charges for collection of interest/ return and dividend. 0.37% on the amount of interest/return/dividend/collected
minimum Rs. 13/-
5. Handling charges for conversion, renewal consolidation for i) Minimum Rs. 7.5 per scrip.
subdivision of Government Securities.
ii) Rs. 50/- in case of
Deposit Certificates issued by Government Agencies.
6. Investor Portfolio Securities Account (IPS)
a) IPS Account Opening Charges Rs. 5,000/- (Negotiable)
b) IPS Transaction Charges (Settlement Charges) Rs. 1,200/- per transaction (Negotiable)
a) IPS Account Maintenance Charges Rs. 1,500/- per month (Negotiable)
b) Claim of PIB Coupon from SBP 0.01% of Face Value Maximum Rs. 10,000/- (Negotiable)
c) Claim of maturity of Securities (PIB/T.Bills) from SBP 0.01% of Face Value Maximum Rs. 10,000/- (Negotiable)
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Askari Bank Limited Sc hedule of Bank Charges (Exclusive of FED / Sales Tax) effective July 01, 2023
U. SETTLEMENT OF 3RD PARTY FUND TRANSFER THROUGH PRISM (RTGS):
Days Timing Charges
Settlement Timings for Interbank Funds Transfer SBP AKBL Total
9:00 a.m. to 5:00 p.m Rs.200/- Rs.20/- Rs. 220/-
(Interbank Funds Transfer)
Monday to Friday 5:00 p.m. to 5:30 p.m.
(SBP Transactions & Clearing N/A N/A N/A
Returns)
Note: RTGS charges are waived off on the directions of SBP and the same charges may be revised in light of SBP’s further
instructions.
3. SWIFT/Telex/Cable Charges.
a. Long message (e.g. full text L/C etc.) Rs. 425/-
b. Short message (e.g. L/C amendment etc.) Rs. 225/-
c. SWIFT/Telex/telegram charges or message for T.T. Rs. 110/-
4. Telephone & Fax Charges. Actual plus Rs. 135/- service charges
5. Postages. Rs. 150
Note: Temporary fee/charges has been removed as directed by the regulator due to COVID-19
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