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Transfer of LC

(Whether full or in part or whether endorsed on credit itself or not)

Rs.1000/- + GST per transfer except when the name of the beneficiary is changed under instruction from opening bank.

These charges are on account of first beneficiary unless otherwise specified. On LC calling for usance drafts drawn and accepted by banks, a commission @ 0.20% p.m. + GST with minimum Rs.500/-  + GST shall be levied.

If beneficiary refuses to pay, then same shall be collected from applicant of credit.


“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.”