Tariffs of charges for PERSONAL customers
Effective from 23 December 2013

The schedule is valid for all our branches in UK

A1. CURRENT/ SAVINGS/ OVERDRAFT ACCOUNTS

1. Special Presentation of a cheque
(quick confirmation of payment)
£20.00 per presentation
2. Standing Orders FREE
£10.00 if the standing order cannot be effected due to insufficient funds
3. Duplicate Statement of Account £3.00 per page, minimum £5.00
4. Cheques/ Direct Debits returned unpaid by us £12.00 per item
5. Cheques presented in clearing returned Unpaid £10.00 per cheque
6. Stop payment of a cheque £10.00 per cheque, Maximum: £50.00
7. Unauthorised Overdraft If any of the account goes into overdrawing (without any sanction limit in place): 10% above the Base Rate for the number of days the account remains overdrawn.

A2. DEBIT CARDS

 
8. Cash withdrawals from State Bank of India ATMs in India and UK ATMs with MasterCard logo Free
9. Foreign currency debit card payments 2.5% of transaction fee
10. Cash withdrawals at ATMs outside UK £2 fee and 2.5% of transaction fee for non-SBI ATM withdrawals abroad

B. NRI SERVICES

 
1. Forwarding of Request for Renewal/ Account Opening forms/ Payment Requests FREE

C. REMITTANCES TO INDIA

 
1. Remittances in Indian Rupees by:  
a) Demand Draft £20.00
b) SBI Remittance Service Free for eligible account holders5, otherwise £5.00 charge apply
a) For non-account holders £20
b) For account-holders £5
2. Duplicate/ Stop payment/ Cancellation £10.00 / €15.00 / $20.00
3. Cash handling charges for deposit of cash at the time of each instance £3.00 per thousand or part thereof, minimum £3.00 (if the transaction amount is greater than the original available balance)

D. OTHER REMITTANCES

 
1. CHAPS Payments £25.00/ €40.00
2. International payments including currency transfers in the UK £25.00/ €40.00/ $50.00
3. Amendment to payment instructions £10.00/ €15.00/ $20.00
4. Issue of Banker's Cheque in Foreign currency £25.00/ €40.00/ $50.00
5. Duplicate/ Stop payment/ cancellation £10.00/ €15.00/ $20.00

E. CREDIT FACILITIES

 
1. Arrangement fee for setting up of new limits/ enhancements (all limits other than against Bank's own Fixed Deposits) (i) 1.5% of total of Fund and Non Fund based facilities with minimum of £100.00/ €150.00/ $200.00
2. Fee for renewal of above credit facilities As (i) above
3. Arrangement fee for setting up of new limits/ enhancements against Bank's own Fixed Deposits 0.5% of facilities with minimum of £50.00/ €75.00/ $100.00
4. Arrangement fee for Renewal of limits against Bank's own Fixed Deposits (b) 50% of (a) above minimum £50.00/ €75.00/ $100.00
5. If the arrangement is exceeded (the outstanding is in excess of the sanctioned limits) Interest of 10% above the Base Rate for the number of days the account remains irregular
6. Application fee for setting up of new limits/ enhancements (all limits other than against the bank's own fixed deposits) Applicable, will be provided by the bank at the time of application.

F. MISCELLANEOUS

 
1. Bankers reference (Status Enquiry) £25.00
2. Communication charges:  
Postage £10.00
Courier £25.00
Swift £20.00
Fax £5.00
3. Collection of Foreign Currency cheques 2 per 1000 minimum £25/ €40/ $50 maximum £50/ €75/ $100 per drawee bank
4. Information/certificate to be submitted to the Auditors of the Constituents £40.00 for standard letter £10.00 for each additional requirement e.g. Trade, Credit, Safe custody etc
5. Customers requiring confirmations for receipts into accounts £10.00 per request

Notes

  1. If you have availed any facility/ service and entered into a contract, which categorically states a rate different from the services mentioned above, the rate mentioned in the said contract would apply.
  2. The scheduled charges apply to normal transactions. Any other out of pocket expenses such as stamp duties, telephone charges, correspondent's commission, etc., if any, on actual basis will be payable additionally.
  3. Wherever £ is used, it means GBP, € is used it means Euro and $ is used it means US$.
  4. In case of business denominated in GBP, Euro and US$, the tariff would be recovered in respective currencies. In case of other currencies (or if the Euro/ US$ rates are not mentioned), the tariff would be computed taking GBP equivalent of the currency concerned.
  5. Account holders who maintain a minimum monthly balance required in accordance with the terms and conditions of the account, are eligible to transfer funds free of charge using SBI Express. The monthly minimum balance is calculated based on the previous month's average balance, by totalling the daily balance in the previous month and then dividing this by the number of days in the previous month.
  6. For any other services not listed herein, the customer may ascertain the charges in advance from the Bank in writing.
  7. The Bank reserves the right to amend the tariff of Charges after due notice (in writing to customers at the last recorded address by ordinary post). A copy will be posted in the bank's notice board.
  8. In case of any discrepancy in the bank charges or if it is not consistent with the contract with you, please bring it to the notice of the bank immediately.

Other Important Information

  1. In keeping with Money Laundering Directives, the Bank does not encourage cash transactions. At its discretion, the Bank may refuse to pay cash if the customer is not able to provide satisfactory proof of identification and address and may refuse to accept cash without proof of its source.
  2. Account holders are reminded of their right that they may give instructions at any time that they do not wish to receive marketing material.
  3. Please note that if the Bank incurs costs or expenses pertaining to the customer, the customer will pay those costs and expenses.
  4. All services listed herein may not be available at all of our branches in the UK. For queries please call your nearest branch.
  5. All information, rates and prices in this leaflet form part of your terms and conditions that apply to your account.
State bank of India is authorised by Reserve bank of India. In the UK, State Bank of India is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. SBI is entered on the Financial Services Register and its Register number is 139156. As explained in our website in the "Customer Care" section, State Bank of India, (the UK Operations) is registered in England and Wales (Registered Number FC 004460Branch No: BR000696), as an Overseas Company with Registered Office: 15-17, King Street, London EC2V 8EA. State Bank of India is a member of the Financial Services Compensation Scheme established under the Financial Services and Market Act 2000. The Financial Services Compensation Scheme protects deposits held with our UK branches. Payments under this scheme are limited to £85,000 of your total deposits with us in the UK. In practice, this means that each eligible depositor will be compensated up to a maximum of £85,000 of their total deposits. For more information or clarification, visit our website www.sbiuk.com, call us on 0800 532 532 or email to customerservices.sbiuk@statebank.com or visit your local branch. The contact centre is open Monday to Friday, from 9:00am to 6:00pm.

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