Service Charges, Fees and Commissions
The Charges are w.e.f 01.03.2023
A - Savings Account
| Sl | Particular of service (s) | SBI | |||||
|---|---|---|---|---|---|---|---|
| Periodicity | Amount (LKR)[accounts maintained in local currency] |
Amount (USD)[accounts maintained in FYC currency] |
|||||
| 1.1 | Issue of new/ continuation passbook | - | Free | Free | |||
| 1.2 | Issue of duplicate passbook | Per instance | 500 | 5 | |||
| 1.3 | Issue of printed statement (s) | Per instance | Upto 5 pages - LKR 250/- LKR 50/- for each additional page |
Upto 5 pages - USD 4/- USD 0.50 for each additional page |
|||
| 1.4 | Non-maintenance of minimum balance [monthly basis] | Monthly | 100 | 2 | |||
| 1.5 | Closure of account up to 12 months | Per instance | 500 | 5 | |||
| 1.6 | Closure of account after 12 months | Per instance | 250 | 3 | |||
| 1.7 | Inoperative Account Maintenance charges | Yearly | 1000 | 10 | |||
B- Current Account
| Sl | Particular of service (s) | SBI | ||||
|---|---|---|---|---|---|---|
| Periodicity | Amount (LKR) | Amount (USD) | ||||
| 2.1 | Issue of monthly statement | |||||
| 2.1.1 | First statement | - | Nil | Nil | ||
| 2.1.2 | Duplicate statement for the month | Per instance | Upto 5 pages - LKR 250/- LKR 50/- for each additional page |
Upto 5 pages - USD 4/- USD 0.50 for each additional page |
||
| 2.2 | Non-maintenance of minimum balance (per month) | |||||
| 2.2.1 | Business account [monthly basis] | Monthly | 500 | 10 | ||
| 2.2.2 | Personal account [monthly basis] | Monthly | 200 | 5 | ||
| 2.3 | Closure of current account | |||||
| 2.3.1 | For bad conduct | Per instance | 2,000 | 10 | ||
| 2.3.2 | On customer’s request | Per instance | 1,000 | 7 | ||
| 2.3.3 | Charges for non-return of undelivered cheques (per leaf) |
Per instance | 100 | 3 | ||
| 2.4 | Cheque Book issue charges (per leaf) | Per instance | 40 | NA | ||
| 2.5 | Handling charges for inward Cheque Return | Per instance | 250 | NA | ||
| 2.6 | Outward Cheque Return Charges | NA | ||||
| 2.6.1 | Refer to Drawer | Per instance | 2,500 | |||
| 2.6.2 | Effects not realised | Per instance | 1000 | |||
| 2.6.3 | Technical reasons | Per instance | 100 | |||
| 2.6.4 | Other reasons | Per instance | 250 | |||
| 2.7 | Stop Payment Instructions | NA | ||||
| 2.7.1 | Per cheque Leaf | Per instance | Account without funds - LKR 3000 Account with funds - LKR 1000 |
|||
| 2.8 | Account Maintenance charges (per annum) | |||||
| 2.8.1 | Retail [annual basis] | Yearly | 250 | 5 | ||
| 2.8.2 | Corporate [annual basis] | Yearly | 2000 | 15 | ||
| 2.9 | Inoperative Account Maintenance charges | Yearly | 2000 | 15 | ||
C - Other Matters
| Sl | Particular of service (s) | Periodicity | Amount (LKR) | Amount (USD) | |
|---|---|---|---|---|---|
| 3.1 | Balance confirmation | ||||
| 3.1.1 | On Bank’s own format | Per instance | 300 | 7 | |
| 3.1.2 | On specific format requested by customer | Per instance | 3,000 | 20 | |
| 3.2 | Inquiries on documents/ vouchers (SB/ CA) | ||||
| 3.2.1 | Less than 1 year period | Per instance | 750 | 5 | |
| 3.2.2 | 1 year and more | Per instance | 1,500 | 10 | |
| 3.3 | Pay Orders/ Demand Drafts | N/A | |||
| 3.3.1 | Issuance | ||||
| a- LKR 1 to LKR 100,000 | Per instance | 350 | |||
| b- LKR 100,001 to LKR 1,000,000 | Per instance | 950 | |||
| c- More than LKR 1,000,000 | Per instance | 1,200 | |||
| 3.3.2 | Cancellation | Per instance | 300 | ||
| 3.3.3 | Revalidation | Per instance | 300 | ||
| 3.3.4 | Duplicate Pay order | Per instance | Issue charges | ||
| 3.4 | Standing Instructions | ||||
| 3.4.1 | Registration of Standing Instruction | Per instance | 250 | 10 | |
| 3.4.2 | Execution of SI | ||||
| a- Within the Bank | Per instance | Free | Free | ||
| b- Outside the Bank | Per instance | 150 | 5 | ||
| 3.4.3 | Cancellation of Standing Instructions | Per instance | 150 | 5 | |
| 3.4.4 | Amendments to Standing Instructions | Per Instance | 150 | 5 | |
| 3.5 | SMS alert | - | Free | Free | |
| 3.6 | ATM charges | ||||
| 3.6.1 | Issue of New/ Replacement VISA EMV Card |
Per instance | 500 | 10 | |
| 3.6.2 | Issue of Duplicate ATM card | Per instance | 1000 | 15 | |
| 3.6.3 | Regeneration of PIN1 | Per instance | 500 | 5 | |
| 3.7 | Internet Banking | Free | Free | ||
| 3.8 | Inter-Bank transfers | N/A | |||
| 3.8.1 | SLIPS transfer | Per instance | 50 | ||
| 3.8.2 | RTGS transfer | Per instance | 800 | ||
| 3.8.3 | CEFT transfer | ||||
| Over the Counter | Per instance | 100 | |||
| Internet Banking | Per instance | 50 | |||
| 3.9 | Signature/ Document Attestation charges | ||||
| 3.9.1 | Customers | Free | Free | ||
| 3.9.2 | Non-Customers (per instance) | Per instance | 750 | 10 | |
| 3.10 | ATM Transactions at another Bank ATM | ||||
| 3.10.1 | Cash withdrawal | Per instance | 30 | ||
| 3.10.2 | Balance enquiry | Per instance | 7.5 | ||
| 3.10.3 | Outside Sri Lanka | Per instance | 400 | ||
| Cash withdrawal | |||||
| Balance enquiry | |||||
| Charges applicable w.e.f 01.04.2023 | |||||
| 3.11 | Locker Charges | ||||
| Size of the Locker | Annual Rent | Fixed Deposit | |||
| 3.11.1 | Small | 4,000.00 | 60,000.00 | ||
| 3.11.2 | Medium | 6,000.00 | 85,000.00 | ||
| 3.11.3 | Large | 7,500.00 | 1,50,000.00 | ||
Charges applicable w.e.f 01.03.2023
A - Trade & Remittances
A- Remittances
| Particular of service (s) | Periodicity | Amount | ||||
|---|---|---|---|---|---|---|
| 4.1 | Inward remittances | Commission | CHIPS | |||
| 4.1.1 | To LKR accounts | Per instance | LKR 100/- | |||
| 4.1.2 | To Foreign Currency Account | Per instance | USD 6 | USD 5 | ||
| 4.2 | Foreign Currency Drafts & TTs | (From LKR account) | ||||
| 4.2.1 | Issuance | Commission | Foreign Bank charges | Swift Charges | ||
| a- Upto USD 800/- | Per instance | 3% of the rupee value of the transaction |
||||
| b- USD 801/- and upto USD 1000/- | Per instance | USD 9 | USD 6 | USD 10 | ||
| c- USD 1001 and above | Per instance | USD 12 | USD 6 | USD 10 | ||
| Foreign Currency Drafts & TTs | (From USD account) | |||||
| 4.2.2 | Issuance | Commission | Foreign Bank charges | Swift Charges | ||
| a- up to USD 1000 | Per instance | USD 09 | USD 6 | USD 10 | ||
| b- USD 1001 and upto USD 10000 | Per instance | USD 12 | USD 6 | USD 10 | ||
| c- USD 10001 and above | Per instance | USD 17 | USD 6 | USD 10 | ||
| 4.2.3 | Cancellation charges | Per instance | 50% of the issue charges | |||
| 4.3 | INR Outward Remittance | |||||
| (From LKR account) | ||||||
| Issuance | Commission | Swift Charges | ||||
| a- Upto USD 350/- | Per instance | 3% of the rupee value of the transaction |
||||
| b- USD 351/- and upto USD 1000/- | Per instance | USD 8 | USD 2 | |||
| b- USD 1001 and upto USD 10000 | Per instance | USD 12 | USD 2 | |||
| c- USD 10001 and above | Per instance | USD 15 | USD 2 | |||
| (From USD account) | ||||||
| Issuance | Commission | Swift Charges | ||||
| a- up to USD 1000 | Per instance | USD 8 | USD 2 | |||
| b- USD 1001 and upto USD 10000 |
Per instance | USD 12 | USD 2 | |||
| c- USD 10001 and above | Per instance | USD 15 | USD 2 | |||
B- Trade Services ( For LKR accounts )
| Sl | Particular of service (s) | Periodicity | Amount (LKR) | |
|---|---|---|---|---|
| 5.1 | Imports-Letter of Credit | |||
| 5.1.1 | Issuing commission | |||
| a-sight LC up to 90 days | Per instance | 0.35% per quarter {min. 2500} | ||
| b-Usance LC up to 90 days | Per instance | 0.50% plus 0.125% per month {min. 2500} | ||
| c-SWIFT charges | Per instance | 1000 | ||
| 5.1.2 | Amendments | |||
| a-within same month (30 days) | Per instance | 1000 | ||
| b-extension exceeding previously charged month for each additional 30 days on unutilised balance | Per instance | 1000 | ||
| c-SWIFT charges | Per instance | 1000 | ||
| 5.1.3 | Local LC advising charges-Beneficiary | |||
| a-Customer | Per instance | 1500 | ||
| b-Non-Customer | Per instance | 3000 | ||
| 5.1.4 | LC cancellation handling fee | Per instance | 1500 | |
| 5.2 | Import LC and collection bill | |||
| 5.2.1 | Settled in Foreign Currency | Per instance | 1500 | |
| 5.2.2 | Commission in lieu of exchange- on bill value on account of foreign currency sourced from other Bank, etc. for settlement of import bills | Per instance | 0.25% | |
| 5.2.3 | Settlement of bills under foreign currency loans | Per instance | 0.25% | |
| 5.3 | Shipping Guarantee/ Advance documents | Per instance | ||
| 5.3.1 | Shipping Guarantee commission on invoice value | Per instance | 0.375% {min. 2500} | |
| 5.3.2 | Advance Documents-Commission | Per instance | 0.25% | |
| 5.4 | Collection | |||
| 5.4.1 | Document against payment (D/P) | Per instance | 0.25% {min. 2500} | |
| 5.4.2 | Document against acknowledgement (D/A) | Per instance | 0.25% {min. 2500} | |
| 5.4.3 | SWIFT charges | Per instance | 1000 | |
| 5.4.4 | Postage | Per instance | Actual | |
| 5.5 | LC bills payment | |||
| 5.5.1 | Sight | Per instance | 0.25% {min. 2500} | |
| 5.5.2 | Usance | Per instance | 0.25% {min. 2500} | |
| 5.5.3 | SWIFT charges | Per instance | 1000 | |
| 5.6 | Bank Guarantee4 | |||
| 5.6.1 | Issuing commission | |||
| a-Against 100% cash margin | Per instance | 0.375% | ||
| b-Against a lien on interest bearing deposit | Per instance | 1.50% | ||
| c-Against other securities | Per instance | 1.50% | ||
| d-Against counter guarantee of SBI branches | Per instance | 1.50% | ||
| e-Against counter guarantee of other bank branches | Per instance | 2.50% | ||
| f- other | Per instance | 1.50% | ||
| g-Minimum | Per instance | 5000 | ||
| 5.6.2 | Amendments | |||
| a-Extension within same quarter (Commission) | Per instance | As per original agreement | ||
| b-Minimum | Per instance | 5000 | ||
| c-Other amendments | Per instance | 5000 | ||
| 5.6.3 | Advising guarantee issued by Foreign Bank without any responsibility to the Bank | Per instance | 5000 |
C - Trade Services (For Foreign Currency accounts)
| Sl | Particular of service (s) | Periodicity | Amount (LKR) | |
|---|---|---|---|---|
| 6.1 | Letter of Credit | |||
| 6.1.1 | Issuing commission | |||
| a-sight LC | Per instance | 0.35% per quarter of LC value up to 10 days sight only | ||
| b-Usance LC | Per instance | 0.50% plus 0.125% per month | ||
| c-SWIFT charges | Per instance | USD 25 | ||
| 6.1.2 | Amendments | |||
| a- commission | Per instance | USD 30 | ||
| b-SWIFT charges | Per instance | USD 25 | ||
| 6.1.3 | LC advising | |||
| a- LC advising | Per instance | USD 20 | ||
| b- Amendment advising | Per instance | USD 12 | ||
| 6.1.4 | LC cancellation handling fee | Per instance | USD 10 | |
| 6.2 | Import LC Bills | |||
| 6.2.1 | Bill Lodgement | Per instance | 0.25% of the bill value | |
| 6.2.2 | Acceptance | Per instance | USD 10 | |
| 6.2.3 | Bill settlement | |||
| a-Commission | Per instance | USD 50 | ||
| b-SWIFT charge | Per instance | USD 25 | ||
| c-CHIPS Commission (only for USD bills) | Per instance | USD 6 | ||
| d-Foreign Bank charges (For EUR Bills) | Per instance | USD 5 | ||
| 6.2.4 | Discrepancy charges (per document) | Per instance | USD 100 | |
| 6.3 | Shipping Guarantee/ Advance Documents | |||
| 6.3.1 | a- Shipping Guarantee Commission | Per instance | 0.375% of full value of invoice | |
| b- VAT | Per instance | 15% of commission amount | ||
| c-Guarantee cancellation after expiry date | Per instance | 0.375% p.a. | ||
| 6.3 | Import Collection Bills | |||
| 6.4.1 | Document against payment (D/P) | Per instance | 0.25% {min USD 35} | |
| 6.4.2 | Document against acceptance (D/A) | Per instance | 0.25% {min USD 35} | |
| 6.4.3 | SWIFT charges | Per instance | USD 25 | |
| 6.5 | Export LC/ Collection Bills | |||
| 6.5.1 | Bill commission | Per instance | 0.25% {min USD 25} | |
| 6.5.2 | Postage | Per instance | India- USD 15 Others- USD 25 | |
| 6.5.3 | CHIPS Commission | Per instance | USD 6 | |
| 6.5.4 | Interest on bills negotiation | Per instance | ||
| 6.6 | Outward Guarantee | |||
| 6.6.1 | Commission | Per instance | 1% from outward guarantee value |
Advances & Allied Matters
A- For services other than sanction of credit facilities
| Sl | Particular of service (s) | Amount |
|---|---|---|
| 1. | Interchangeability between limits | 0.01% of the limit minimum USD 100 or equivalent maximum USD 1000 or equivalent |
| 2. | Ceding of charge on Assets | 0.01% of the limit minimum USD 100 or equivalent maximum USD 1000 or equivalent |
| 3. | Approval of mergers & acquisitions | 0.05% of the limit minimum USD 500 or equivalent maximum USD 5000 or equivalent |
| 4. | Rephasement of Loans/ deferment in instalments (applicable only if separate processing charges for the loan proposal is not recovered) | 0.05% of the limit minimum USD 500 or equivalent maximum USD 5000 or equivalent |
| 5. | Documentation charges (not applicable where documents are prepared by legal counsel and/or entire cost borne by the borrower) | Limit up to USD 1 mio: USD 250 Limit above USD 1 mio: USD 500 |
| 6. | Mortgage (for immovable property) Per borrowing entity (not applicable where documents are prepared by legal counsel and/or entire cost borne by the borrower) | 0.05% of the loan amount covered by mortgage with a minimum of USD 500 and maximum of USD 10,000 |
| 7. | Inspection charges | Actuals to be recovered from borrower with a minimum of USD 500 p.a. |
| 8. | Substitution of Collateral Security/ Personal Guarantee | 0.02% of the limit minimum USD 200 maximum USD 5000 |
| 9. | Release of Personal Guarantee/ Collateral Security | 0.02% of the limit minimum USD 200 maximum USD 5000 |
| 10. | Change in Terms and Conditions/ Change in project/ items of machinery | 0.02% of the limit minimum USD 200 maximum USD 5000 |
| 11. | Service Charges for providing Credit Information Reports | For individual customer: All segment USD 100 For Non-individual customer: USD 500 |
| 12. | Other miscellaneous approvals for issues not covered above | 0.02% of the limit Minimum USD 200 Maximum USD 5000 |
In case the credit facility is under consortium/ syndication, charges as decided by the consortium/ syndication will apply.
B- Application of penal interest
| Sl | Particular of service (s) | Amount |
|---|---|---|
| 1. | Irregularity in short term loan/ working capital loan account | 2% of the irregular amount |
| 2. | Non-submission of stock statement | 1% for the month the stock statement if not submitted within the stipulated period |
| 3. | Non-submission of Renewal Data, including Audited Balance Sheet | For listed companies, if not submitted within 7 months- USD 200 per month For other, if not submitted within 9 months- USD 500 per month |
| 4. | Non-compliance with financial covenants. | 1% per annum on the entire outstanding for the period of default |
| 5. | Term Loans-Non-payment of interest/ instalment | 2% on the irregular amount for the period of default |
| 6. | Adverse deviation by more than 20% from the stipulated level in respect of any two of the following ratios : i- Current ratio ii- TOL/TNW iii- Interest coverage ratio |
1% on the entire outstanding for the period of non-adherence subject to a minimum period of 1 year |
Submission of stock statement with delay beyond 20 days of the succeeding month to be considered as non-submission except where period has been extended/ specified by the sanctioning authority.
Actual out of pocket expenses will be recovered in all cases except where specifically exempted.
In case the credit facility is under consortium/ syndication, charges as decided by the consortium/ syndication will apply.