PERSONAL BANKING: SERVICE CHARGES >>
SCHEDULE OF SERVICE CHARGES
(All charges in OMR)
REMITTANCES
OUTWARD REMITTANCE
| Pay order (Cashier’s Cheque) | 1.000 |
| INR/USD/AED Demand Draft | 1.000 |
| Electronic Funds Transfer-INR |
FREE for account holders maintaining continuous minimum balance in their Accounts. 2.000 for others & non-account holders |
| Remittances other than INR Excluding charges of correspondent Bank /at receiving end. | 5.000 per remittance |
LOCAL REMITTANCES
To account with local Banks: RTGS / ACH RO 1.000
INWARD REMITTANCES
USD, GBP, EUR: 5.000
COLLECTIONS
| Local | 0.250 |
| USD, GBP, EUR | 0.500 plus actual postage / courier expenses |
CANCELLATION
| Pay Order | 0.500 |
| INR-DD (at Banks buying rate) | 1.000 |
| Electronic Funds Transfer | Nil |
OTHER SERVICES
| Facilitation of opening of a/c with SBI in India incl. DD Commission | 5.000 |
| Actual out of pocket expenses as applicable | |
DEPOSIT PRODUCTS
A. SAVINGS ACCOUNT
| Minimum balance ** |
RO. 100 (Penalty RO.0.500 per month if balance falls below RO 100/- ) |
B. CURRENT ACCOUNT
| Minimum balance ** | RO 200 (penalty of RO 0.500 per month if balance falls below RO.200/-) |
| Cheque Book Charges |
25 Leaves 2.000 50 Leaves 3.000 |
| Issuance of Certificates, No liability, balance confirmation etc. | RO 2.000 per certificate. |
** No such charges if account is maintained for receiving pension and other social support allowance granted by Government of Oman to pensioners / disabled persons. No charges shall be levied resulting in balance becoming debit.
C. BALANCE CONFIRMATION/NO DUES CERTIFICATE
RO 2 PER CERTIFICATE
ACCOUNT CLOSURE
| If account operated for more than 1 Year | NO CHARGES |
| If account operated for less than one year | RO. 3.000 |
DUPLICATE STATEMENTS
| Up to 6 months old | RO 1.000 |
| 6-12 months old | RO 3.000 |
| Beyond 1 year | RO 5.000 |
PREMATURE CLOSURE OF DEPOSIT ACCOUNTS
No deduction of Principal amount
Interest will be paid 0.5 % less than applicable interest for the period run.
STANDING INSTRUCTIONS
| Within the Bank | Free |
| Inter-Bank in Oman | Free |
CHEQUE RETURN CHARGES
| Returned for want of funds | 15.000 |
| Stop Payment (per instruction) single or bunch of serially numbered cheques | 5.000 |
| Stop payment cancellation charges | RO 5.000 |
SPECIAL CLEARING
only for cheques above RO 5000: FREE
PHOTOCOPY OF THE PAID CHEQUE
| If cheque is with in one year | RO 2.000 |
| If the cheque is more than one year. | RO 3.000 |
DORMANT ACCOUNTS
| 1. NIL charges if the account has the minimum prescribed balance |
| 2. If balance less than minimum prescribed balance: RO 1.000 per half year/ RO 2.000 per year |
Issuance of Supplementary / Duplicate ATM card : RO 2.000