A. CURRENT/ SAVINGS/ OVERDRAFT ACCOUNTS |
1. Annual Maintenance Fee |
£80.00/ €120.00/ $160.00 per annum. (charged on account anniversary) |
2. Transaction Charges |
60p for each credit and debit on all Current and Overdraft Accounts levied on a quarterly basis. |
3. Standing Orders |
A flat fee of £10.00 for local BACS transfers. Standing orders for transfers to India: Remittance charges only. A charge of £10.00 if the Standing order cannot be effected. |
4. Duplicate Statement of Account |
£3.00 per page,
minimum £5.00.
|
5. Cheques/ Direct Debits returned unpaid by us |
£12.00 per item. |
6. Cheques presented in clearing returned unpaid |
£10.00 per cheque. |
7. Stop payment of a cheque |
£10.00 per cheque.
Maximum: £50.00
|
8. Issue of Banker's Cheque |
£10.00 per cheque. |
9. Unauthorised overdraft |
If any of the account goes into overdrawing (without any sanctioned limit in place): 10% above the Base Rate for the number of days the account remains overdrawn |
B. REMITTANCES |
1. Inland/ Foreign Remittances by Demand Draft/ Swift |
|
(i) Swift: |
£12.00/ €18.00/ $25.00 per payment to India
£25.00/ €40.00/ $50.00 per payment outside India |
(ii) CHAPS: |
£25.00/ €40.00 per payment |
2. Stop/ Cancellation or Amendment of Payment: |
|
(i) Swift: |
£15.00/ €23.00/ $30.00 per Payment |
3. Faster Payment (formerly BACS): |
£1.00 per item; minimum £25.00 |
4. Cash Transactions: |
As in Item G4 below |
C. GUARANTEES/ SURETIES |
Issue of Inland/ Foreign Financial Guarantee/ Surety |
0.5% per quarter or part thereof, minimum £60.00/ €80.00/ $120.00. |
D. CREDIT FACILITIES |
1. 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
|
2. Arrangement fee for Renewal of limits against Bank's own Fixed Deposits |
0.25% of facilities subject to a minimum of £50.00/ €75.00/ $100.00
|
3. Arrangement fee for setting up of new limits.enhancements |
Based on the Product terms. Please speak to SBI UK branch for further details
|
4. Fee for renewal of above credit facilities |
Based on the Product terms. Please speak to SBI UK branch for further details |
5. If the arrangement is exceeded (the outstanding is in excess of the sanctioned limits) |
Interest of 10% above the Bank Rate for the number of days the account has run 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/ $40.00
Fax £5.00
|
3. 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.
|
4. Cash handling charges for deposit of cash |
£3.00 per thousand or part thereof, minimum £3.00 at the time of each instance. |
5. Customers requiring confirmations for receipts into accounts |
£10.00 per request. |
6. Issue of chaser for Bills/ Payments |
First two chasers free, then £15.00/ €20.00/ $30.00 each instance thereafter. |