PERSONAL BANKING
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SCHEDULE OF SERVICE CHARGES (All charges in OMR)
REMITTANCES
|
Outward Remittance |
|
|
Pay order (Cashier’s Cheque) |
RO 1.000 |
|
INR/USD/AED Demand Draft |
RO 1.000 |
|
Electronic Funds Transfer-INR |
RO 2.000 per remittance * |
|
Remittances other than INR Excluding charges of correspondent Bank /at receiving end. |
RO 5.000 per remittance |
Local Remittances:
|
To account with local Banks: RTGS / ACH |
Branch initiated- RO 1.000 Digital Channel – Nil |
|
ACH (Salaries & WPS) |
OMR 1 per employer per month |
|
ACH (Direct Debit & e-Mandate) |
Payer – Nil Payee – OMR 1 per mandate registration. |
Inward Remittance:
|
USD, GBP, EUR |
RO 5.000 |
COLLECTIONS
|
Local |
RO 0.250 |
|
USD, GBP, EURO |
RO 0.500 plus actual postage / courier expenses |
CANCELLATION
|
Pay Order |
RO 0.500 |
|
INR-DD (at Banks buying rate) |
RO 1.000 + Actual Charges levied by SBI, ISB Mumbai Branch |
|
Electronic Funds Transfer |
NIL |
OTHER SERVICES
|
Facilitation of opening of a/c with SBI in India incl. DD Commission |
RO 3.000
|
|
Actual out of pocket expenses as applicable |
|
DEPOSIT PRODUCTS
(a) SAVINGS ACCOUNT
|
Type of Account |
Minimum Balance to be Maintained |
|
Normal SB Accounts |
RO 100.00
|
|
Minimum balance ** |
Penalty RO 0.500 p.m. if balance falls below Minimum Balance except Salary Protection Scheme Accounts.
|
|
Salary Protection Scheme |
No Minimum Balance
However, RO 2.00 is charged p.a. for Salary Protection Scheme as per CBO guidelines. |
|
Basic WPS Savings Account |
No Minimum Balance
|
(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 RO 2.000 50 Leaves RO 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:
|
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 |
|
For Basic WPS Savings Account |
No Charges |
Duplicate Statements:
|
Up to 6 months old: |
RO 1.000 |
|
6-12 months old : |
RO 3.000 |
|
Beyond 1 year : |
RO 5.000 |
Pre mature closure of deposit a/cs:
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 RETURNS CHARGES
Returned for want of funds |
RO 15.000 |
Stop Payment (per instruction)single or bunch of serially numbered cheques |
RO 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:
RO 5.000 per Half Year for regular Savings & Current Accounts
RO 1.00 per year for Basic WPS Savings Account
Issuance of Supplementary / Duplicate ATM card :
|
Issuance of Supplementary / Duplicate ATM card : |
RO 2.000 |