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SCHEDULE OF SERVICE CHARGES (All charges in OMR)
REMITTANCES (Available to account holders of SBI, Muscat only)
OUTWARD REMITTANCE
Pay order (Cashiers Cheque) | 1.000 |
INR/USD/AED Demand Draft | 1.000 |
Electronic Funds Transfer-INR for Account Holders |
Any Amount: RO 1.000 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) | 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 | 3.000 |
Actual out of pocket expenses (Postal & Others) 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 an account is maintained for receiving a pension and other social support allowance granted by Government of Oman to pensioners / disabled persons. No charges shall be levied resulting in the 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 an 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 a cheque is within one year | RO 2.000 |
If the cheque is more than one year. | RO 3.000 |
DORMANT ACCOUNTS
RO 1/- per half-year |
Issuance of Supplementary / Duplicate ATM card: RO 2.000