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Tariff of charges

Tariff of charges

Tariff of charges

  • Current /Savings/Overdraft Accounts

    1. Special Presentation of a cheque £20.00 per presentation
    2. Standing Orders
      Nil £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. Unauthorized 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.

  • NRI Services

    1. Forwarding of Request for Renewal / Account Opening forms/ Payment Requests Nil
    2. Postal charges £10.00 in each case
    3. Cash handling charges in all cases As per Item F5 below

  • Remittances to India

    1. Remittances in Indian Rupees by:
      1. Demand Draft £20.00
      2. SBI Express* £5.00
        1. For non-account holders, £20 (with effect from 03.01.2012)
        2. For account-holders, £5*
    2. Duplicate/ Stop payment/ Cancellation £10.00/€15.00/$20.00
      Cash handling charges As per item F5 Below

  • OTHER REMITTANCES

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

  • 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 (a) 1% 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

  • Miscellaneous

    1. Bankers reference (Status Enquiry) £25.00
    2. Communication charges:
      1. Postage £10.00
      2. Courier £25.00
      3. Swift £20.00
      4. 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. Cash handling charges for deposit of cash at the time of each instance £3.00 per thousand or part thereof, minimum £3.00
    6. Customers requiring confirmations for receipts into accounts £10.00 per request

Notes

  • 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.
  • 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.
  • Wherever £ is used, it means GBP, € is used it means Euro and $ is used it means US$.
  • In case of business denominated in GBP, Euro and US$, 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.
  • For any other services not listed herein, the customer may ascertain the charges in advance from the Bank in writing.
  • 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.
  • 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

  • Periodic changes in interest rates, both for deposits and loan accounts, are notified through the Notice Board in the Banking Hall and in at least one newspaper.
  • 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.
  • Account holders are reminded of their right that they may give instructions at any time that they do not wish to receive marketing material.
  • All services listed herein may not be available at all of our branches in UK.
*Account holders who maintain the minimum balance required in accordance with the terms and conditions of the account are eligible to transfer funds free of charge using SBI Express.