Bank rate card
What does Union Bank of India charge an exporter?
This is Union Bank of India's published trade and forex rate card, reproduced head by head from the bank's own schedule dated Not printed (PDF metadata created 19 Jan 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 Union Bank of India 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 Union Bank of India publishes |
|---|---|
| Inward remittance / export proceeds | Trade remittance: Rs 500 up to USD 10,000; Rs 1,500 above USD 10,000 (non-trade Rs 250 flat); export proceeds credited to EEFC: no CILE |
| FIRC, FIRA and e-BRC | e-FIRC / certificate (other than BRC) Rs 500; duplicate FIRC/BRC Rs 100 per item; FIRC for FDI funds received in INR from other banks 0.125%, min Rs 1,500 |
| Export bill regularisation (direct dispatch or advance received) | Direct-sent docs (same row 2.1.1 as collection) / bills against 100% advance (row 2.1.2): Rs 1,000 flat per bill (+Rs 1,000 per SB beyond 3); small-value SB (up to Rs 10 lakh): Rs 25 per SB up to Rs 1 lakh, Rs 100 per SB Rs 1-10 lakh |
| Export bills on collection | Rs 1,000 flat per bill (+Rs 1,000 per SB if more than 3 SBs); small bills (bill up to Rs 2.5 lakh, each SB up to Rs 50,000) Rs 1,000 flat for up to 10 SBs + postage Rs 1,500 + SWIFT |
| Export bill purchase, discount or negotiation | Rs 1,000 flat per bill (+Rs 1,000 per SB if more than 3 SBs) |
| Extension of realisation period | Rs 1,000 per bill per month or part (extended period) + OPE |
| Write-off or reduction in value | Write-off: AD power Rs 3,000, RBI power Rs 5,000; change of buyer/reduction in invoice value Rs 1,000 + SWIFT + courier; both Nil for SB up to Rs 10 lakh |
| Crystallisation | 0.125%, min Rs 2,000 (of outstanding FC amount) |
| Return of an unpaid export bill | Rs 1,500 per bill + other bank charges + courier + SWIFT |
| Export LC advising | Rs 1,000 per LC by SWIFT (customers); Rs 2,500 if received by post/courier from other bank; non-customers Rs 2,000 + SWIFT + OPE; amendment Rs 750 / Rs 1,500 |
| Export LC confirmation | By issuing-bank rating: 0.15% p.q. (AAA-AA) to 0.50% p.q. (BB/unrated), min USD 75 / Rs 5,000 + SWIFT + OPE |
| Overdue bill follow-up | Overdue export bills Rs 1,000 per quarter per bill (Nil if realised within 1 month; Nil for SB up to Rs 10 lakh); overdue advance beyond 1 year Rs 500 per remittance per quarter + OPE; late submission Rs 500 per SB per quarter |
| SWIFT | Outward remittance / other messages Rs 500; LC or BG issuance Rs 2,500; amendment Rs 1,000 |
| Courier | Export bills sent / import bills returned abroad Rs 1,500 + GST or 110% of actual courier charge, whichever higher |
What does Union Bank of India charge on imports, guarantees and other forex services?
| Charge head | What Union Bank of India publishes |
|---|---|
| Advance or direct import remittance | Up to Rs 10 lakh Rs 1,000; Rs 10-20 lakh Rs 2,000; above Rs 20 lakh 0.10%, max Rs 20,000 + SWIFT + OPE |
| Import bills on collection | Collection/direct bills: up to Rs 15 lakh Rs 2,000; above 0.20%, max Rs 20,000 + SWIFT + OPE (under LC 0.15%, min Rs 1,000, max Rs 30,000) |
| Import LC issuance | Sight: commitment 0.002%/day (min 90 days) + 0.15% flat; usance: commitment 0.002%/day + usance 0.004%/day (min 90 days); min Rs 2,000 + SWIFT Rs 2,500 + OPE |
| IDPMS / Bill of Entry | BoE follow-up incl. Late-submission penalty Rs 1,000 per quarter per BoE + OPE; small-value BoE closure (up to Rs 10 lakh) Rs 50 / Rs 250 per BoE; AD transfer under IDPMS Rs 1,000 |
| Bank guarantee | Performance n.e.s. 2% p.a., financial 3% p.a. (min 1 quarter); export performance (non-project) 0.25% p.q., min Rs 1,000 + SWIFT Rs 2,500 |
| Other outward remittance | Non-individuals 0.10%, min Rs 750, max Rs 5,000 + SWIFT + OPE |
| Forward contracts | Booking Rs 500 per contract; early delivery/cancellation/rebooking Rs 500 + swap cost (cancel + rebook together Rs 1,000) |
| Commission in lieu of exchange | 0.125% flat, min Rs 500, max Rs 25,000; Nil on export proceeds to EEFC and for SB up to Rs 10 lakh paid in rupees |
| Certificates, NOC and AD code letter | Certificate/attestation/IEC certificate Rs 500; GR waiver certificate Rs 1,000 per GR; invoice attestation Nil at negotiation, Rs 100 later |
How does Union Bank of India 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 | Union Bank of India | Where that sits |
|---|---|---|
| Export bill regularisation, per shipping bill | ₹1,000 | 20th 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 | 29th cheapest of 30 banks that publish it |
| Inward remittance, per credit | ₹500 | 27th cheapest of 30 banks that publish it |
| Export bills on collection, entry tier | ₹1,000 | 22nd cheapest of 35 banks that publish it |
| SWIFT, per message | ₹500 | 21st cheapest of 36 banks that publish it |
Union Bank of India does not sit in the cheapest five on any of the six heads measured here. It sits in the dearest five on firc or fira issuance (29th of 30), inward remittance, per credit (27th of 30). 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 Union Bank of India's schedule say?
Dedicated 16-page forex schedule linked as 'Service Charges Relating to Foreign Exchange Transactions' on https://www.unionbankofindia.bank.in/en/common/fees-and-services. No effective date printed; older versions exist (w.e.f. 10.12.2022, 20.07.2020). GST extra ('+GST' on per-SB charge and postage). SB up to Rs 10 lakh: Nil for late submission, write-off, re-import, AD transfer, buyer change and CILE. Nepal/Bhutan and courier exports Rs 1,000 (10 SBs per bill). EDPMS AD transfer Rs 1,000 per SB. Merchant trade Rs 2,000/Rs 5,000 per leg.
Where does this rate card come from?
| Provenance | Detail |
|---|---|
| Schedule date, as the bank prints it | Not printed (PDF metadata created 19 Jan 2026) |
| Bank type | Public sector |
| Checked | 19 September 2026 |
| Source document | Open Union Bank of India's published schedule |
The source document was re-downloaded from Union Bank of India 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.