Rates & Fees
Rates effective from 25/02/2020
Please revert to us for special rates.
Product Issuer of Term Deposits is State Bank of India, Australia AFSL 238340
Rates & Fees
Current Account & Term Deposit Fees and Charges
This document must be read in conjunction with SBIS Terms and Conditions
|Particulars||Current Account||Term Deposit|
|Account set up charges||Individual $50
Bilateral Credit $200
|Annual Account Maintenance Charges||$500||Not Applicable|
|Charges for non-maintenance of Average Quarterly Balance
Balance to be maintained
Individuals - $5,000
Corporate - $10,000
(to be debited quarterly)
|Transaction fee for customer transfers requests (MT103)||$25 per payment||Not Applicable|
|Additional Transaction / Cheque Deposit Fees
Cheque Deposit Electronic Transaction
Fees applicable to your account will be charged at monthly intervals unless otherwise advised by SBIS.
|Outward Dishonour Fee
direct debit or a periodic payment is dishonoured due to lack of cleared funds.
|$40.00 per dishonour||Not applicable|
|Inward Dishonour Fee
Charged when a cheque deposited to your account is dishonoured.
Charged on each occasion that the account is overdrawn or exceeds its maximum credit limit without prior arrangement with SBIS.
|Debit interest fees
Charged on an overdrawn account that does not have an approved credit limit
|10% p.a.||10 % p.a.|
|Re-presentation and Collection of Dishonoured Cheques A cheque which has previously been deposited into your account and dishonoured due to lack of funds can be presented again on a collection basis (SBIS forwards the cheque for payment to be made by the drawer's bank when sufficient funds are available).||$30.00|
Replacement Statements (per page)
Additional Statements (per statement)
May be printed and issued simultaneously with the original or printed simultaneously with the original and issued to a third party.
Certificate of Balance
|$10.00 (min. $20.00)
|Duplicate / Triplicate Deposit Books||$3.00|
reported stolen are exempt from this fee when a copy of the police report is provided.
a. Accounts with balance of AU$ 25.00 or less (or its foreign currency equivalent)
b. Accounts with balance more than AU$ 25.00 (or its foreign currency equivalent)
|Balance will not be returned
Full balance will be returned
|Full balance will be returned|
|Transfer of Funds to Another Bank By SBIS Customers
An additional charge if lodging cheques
Where transfer fees are paid by drawing on bank account of favouree (additional):
Transactions drawn periodically
|$15.00 $0.35 per cheque
$3.00 per deposit
$2.20 per deposit (min. $17.60 monthly drawing)
|Confirmations/Certificate issued to Auditors on Customer request||AUD $100 per certificate||AUD $100 per certificate|