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General Guidelines

  1. Commission to be charged on opening/amendment of LC and no refund is permitted under any circumstances whatsoever.
  2. All charges in respect of advance bills and/or bills under LC are to be charged to applicant.
  3. When inland LC opened by a Bank is advised/confirmed by its own branch, the advising/ confirming branch shall not be entitled to advising /confirmation commission.
  4. If collecting bank is not the negotiating bank, then charges as applicable to collection of bills be levied by the collecting bank.
  5. In case of invocation of Guarantee, devolvement of Letter of Credit; if it is not regularized within a period of 30 days, all such concessions allowed if any will be withdrawn.

All service charges mentioned above are excluding of GST or any other taxes as applicable.


“Compare and Shop is a Service provided by Cheggout Services Pvt Ltd for Punjab and Sind Bank customer(s). Punjab & Sind Bank is providing this as a value added service. Punjab and Sind Bank does not guarantee or warranty or make any representation about the usefulness, worthiness and/or character of the product/service and/or discount or benefit.”