Service Charges

SCHEDULE OF SERVICE CHARGES (All charges in OMR)

REMITTANCES (Available to account holders of SBI, Muscat only)

OUTWARD REMITTANCE

Pay order (Cashier’s Cheque) 1.000
INR/USD/AED Demand Draft 1.000
Electronic Funds Transfer-INR
for Account Holders


Free, if remittance amount is RO 500 or equivalent and above. RO 1.000 per remittance, if remittance amount is below RO 500 or equivalent.

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