Bank rate card
What does Punjab National Bank charge an exporter?
This is Punjab National Bank's published trade and forex rate card, reproduced head by head from the bank's own schedule dated Not printed (PDF created 10 Jul 2026; Fees and Services page 'Last Updated: 10-07-2026'). 23 charge heads are published and 0 are not. The source document is linked at the foot of this page.
By Aaryan Kakani · · 3 min read
What does Punjab National Bank charge on an export transaction?
Every head below is reproduced from the schedule linked at the foot of this page. Amounts are as published; nothing has been converted, averaged or inferred, and charges are exclusive of 18% GST unless the schedule says otherwise.
| Charge head | What Punjab National Bank publishes |
|---|---|
| Inward remittance / export proceeds | Advance receipt for exports flat Rs 500; other inward remittances Rs 100 up to Rs 10 lakh, Rs 250 above; inward remittances/FDBC credited to EEFC Rs 500 |
| FIRC, FIRA and e-BRC | e-FIRC issuance Rs 500 flat; FIC on security paper/letterhead Rs 250 per certificate |
| Export bill regularisation (direct dispatch or advance received) | No separate direct-dispatch row; advance-payment-basis bills fall in the same revised export-bill row: up to Rs 50,000 Rs 15 per SB; Rs 50,000-1 lakh Rs 20; Rs 1-5 lakh Rs 25; Rs 5-10 lakh Rs 50 per SB (up to 5 SBs; slab amount again per additional set of 5); Rs 10-25 lakh Rs 500 per bill; above Rs 25 lakh Rs 1,000 per bill (+Rs 100 per SB beyond 5); late-submission (>21 days) regularisation Nil for bills up to Rs 10 lakh, Rs 500 per bill above Rs 10 lakh |
| Export bills on collection | Up to Rs 50,000 Rs 15 per SB; Rs 50,000-1 lakh Rs 20 per SB; Rs 1-5 lakh Rs 25 per SB; Rs 5-10 lakh Rs 50 per SB (up to 5 SBs; slab amount again for each additional set of 5 SBs); Rs 10-25 lakh Rs 500 per bill; above Rs 25 lakh Rs 1,000 per bill (up to 5 SBs; Rs 100 per SB beyond) + out-of-pocket SWIFT/courier |
| Export bill purchase, discount or negotiation | Same revised row as collection: up to Rs 50,000 Rs 15 per SB; Rs 50,000-1 lakh Rs 20; Rs 1-5 lakh Rs 25; Rs 5-10 lakh Rs 50 per SB (up to 5 SBs; slab amount again per additional set of 5); Rs 10-25 lakh Rs 500 per bill; above Rs 25 lakh Rs 1,000 per bill (+Rs 100 per SB beyond 5) |
| Extension of realisation period | Rs 500 (AD power); Rs 1,000 (RBI power) |
| Write-off or reduction in value | Write-off of export bill Rs 1,500 per bill |
| Crystallisation | Not stated |
| Return of an unpaid export bill | Rs 500 per bill + out-of-pocket expenses |
| Export LC advising | Rs 1,000 per LC (own customers); Rs 2,000 (other bank's customers); amendment Rs 500 / Rs 1,000; USD 75 if recovered from foreign bank |
| Export LC confirmation | Decided by IBD-HO case to case |
| Overdue bill follow-up | Overdue export bills Rs 250 per bill per month (upfront from due date); follow-up where docs not submitted against advance: Rs 500 per o/s payment per quarter (base schedule; late-submission charge now revised separately) |
| SWIFT | LC/BG Rs 1,500; other messages Rs 500; MT940 Rs 100 |
| Courier | Postage at actual (out-of-pocket) |
What does Punjab National Bank charge on imports, guarantees and other forex services?
| Charge head | What Punjab National Bank publishes |
|---|---|
| Advance or direct import remittance | As import bills not under LC: 0.10%, min Rs 1,500, max Rs 15,000 (exchange benefit); 0.15%, min Rs 1,500, max Rs 20,000 (no exchange benefit) + SWIFT (Rs 500 per message) / out-of-pocket at actual |
| Import bills on collection | Revised commission on import bills: up to Rs 50,000 Rs 50 per bill; Rs 50,000-1 lakh Rs 100; Rs 1-5 lakh Rs 250; Rs 5-10 lakh Rs 500; above Rs 10 lakh 0.10%, max Rs 15,000 (revision does not split LC/non-LC or FCY/INR; base schedule had 0.10%, min Rs 1,500, max Rs 15,000 FCY with exchange benefit / 0.15%, min Rs 1,500, max Rs 20,000 otherwise) |
| Import LC issuance | 0.15% per month (min Rs 1,200 per LC) up to Rs 5 cr; 50% on incremental Rs 5-25 cr; 25% above Rs 25 cr; 100% cash deposit 25% of normal + SWIFT Rs 1,500 |
| IDPMS / Bill of Entry | Follow-up of pending BoE/evidence of import Rs 200 per bill per month (pending if not submitted within 90 days of remittance) |
| Bank guarantee | All other FBG 0.30% p.m., PBG 0.15% p.m. (min Rs 1,500); export performance guarantees (uncovered) 0.30% per quarter, min Rs 1,500 |
| Other outward remittance | Others: Rs 500 up to USD 50,000; Rs 1,000 up to USD 1 lakh; Rs 5,000 up to USD 1 mio; Rs 10,000 up to USD 5 mio; Rs 15,000 up to USD 10 mio; Rs 25,000 above + SWIFT |
| Forward contracts | Booking Rs 750 per contract; early delivery/cancellation Rs 750 + swap cost + interest @ 1Y MCLR/RBLR + 3% on outlay |
| Commission in lieu of exchange | EEFC debits: EEFC to CA/PCFC/FCBRD Rs 100 flat; FCY DD/TT from EEFC Rs 500 (up to USD 50,000) scaling to Rs 25,000 (above USD 10 mio) + SWIFT |
| Certificates, NOC and AD code letter | Export certificate Rs 200; attestation Rs 100 per document; NOC for discounting with other bank Rs 1,000; EDF waiver certificate Rs 500; NOC for shifting AD Rs 750 |
How does Punjab National Bank compare with the other banks?
Ordering is arithmetic on published figures across the 36 banks whose schedules could be re-checked against their source file, using the entry-tier charge a small-ticket exporter actually meets. It is not a view on which bank to use.
| Charge | Punjab National Bank | Where that sits |
|---|---|---|
| Export bill regularisation, per shipping bill | ₹15 | 1st cheapest of 29 banks that publish it |
| e-BRC or BRC | Not published | Left out of the ordering rather than scored as free |
| FIRC or FIRA issuance | ₹500 | 27th cheapest of 30 banks that publish it |
| Inward remittance, per credit | ₹500 | 25th cheapest of 30 banks that publish it |
| Export bills on collection, entry tier | ₹15 | 1st cheapest of 35 banks that publish it |
| SWIFT, per message | ₹1,500 | 34th cheapest of 36 banks that publish it |
On published figures Punjab National Bank sits in the cheapest five on export bill regularisation, per shipping bill (1st of 29), export bills on collection, entry tier (1st of 35). It sits in the dearest five on firc or fira issuance (27th of 30), swift, per message (34th of 36). A full annual figure cannot be built for this bank, because at least one of those heads is unpublished. See all 38 banks side by side.
What else does Punjab National Bank's schedule say?
Fees and Services page https://pnb.bank.in/Fees-and-Services.html ('Last Updated: 10-07-2026') links two forex items: 'Forex Related Service Charges' (F-2.pdf, 10-page base schedule, no printed date, byte-identical to the file held) and 'Revised schedule of charges (Including Small value SB/BoE)' (1-page revision, no printed date, PDF created 10 Jul 2026). The revision replaces base row 1.1 (export bill purchase/discount/negotiation/collection/advance-payment-basis charges, now INR-amount slabs with per-SB rates up to Rs 10 lakh), the late-submission regularisation charge (Nil up to Rs 10 lakh, Rs 500 above) and the commission on import bills (INR slabs; above Rs 10 lakh 0.10% max Rs 15,000). All other fields come from the base schedule. Base schedule links import advance remittance charges to para 2.4 a)/b) (import bills not under LC); the revision is silent on advance remittances, so the base value is kept (revised import-bill slabs may apply). Revision charges are stated Excl. GST; base schedule does not mention GST. Out-of-pocket (correspondent, postage, courier, SWIFT) recovered at actual. Merchanting: commission as per export and import legs.
Where does this rate card come from?
| Provenance | Detail |
|---|---|
| Schedule date, as the bank prints it | Not printed (PDF created 10 Jul 2026; Fees and Services page 'Last Updated: 10-07-2026') |
| Bank type | Public sector |
| Checked | 19 September 2026 |
| Source document | Open Punjab National Bank's published schedule |
The source document was re-downloaded from Punjab National Bank on 19 September 2026 and compared by SHA-256 against the copy these figures were read from. It matched exactly, which means the figures here are what the bank was publishing that day rather than a stale cache.
What should I read next?
- Every Indian bank's export charges, compared All 38 rate cards in one table.
- Which bank is best for e-commerce exporters? The same schedules read head by head for marketplace sellers.
- Which bank is best for B2B exporters? LC advising, collection, crystallisation and guarantees.
- FIRC and BRC guide for Indian exporters What each certificate is and when you need one.
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Update history
- First published.