Current Rates & Charges:
         
       

Service Charges
       

 
        Service Charges on Remittances
         
       
  DRAFTS
 
  Draft in Indian Rupees.
 
SBIC Account Holders
  C$ 8
Non SBIC Customers
  C$ 12
Account holders by Fax/Mail/Internet.
  C$ 5
Charities/Seniors/New NRE a/c with SBI.
  (nil)
   
  Draft in different currency (e.g. Draft in USD against CAD)
  C$ 20
New FCNR account with SBI.
  (nil)
   
  Draft in same currency.
  C$ 35
New FCNR account with SBI.
  (nil)
         
       
  INSTANT CREDIT / WIRE TRANSFER (SWIFT)
 
  Remittance in Indian Rupees.
 
SBIC Account Holders
  C$ 8
Non SBIC Customers
  C$ 12
Account holders by Fax/Mail/Internet.
  C$ 5
Charities/Seniors/New NRE a/c with SBI.
  (nil)
   
  Remittance in different currencies (e.g. Remittance in USD against CAD)
  C$ 20
New FCNR account with SBI.
  nil
   
  Remittance in same currency
  C$ 35
New FCNR account with SBI.
  (nil)
         
       
Note: Apart from above, there are no other charges for the remittances. However, please note that if the proceeds of the draft / instant credit / wire transfer are to be paid to a beneficiary’s account in another branch of SBI / another bank, the drawee branch at the destination may deduct their out of pocket expenses / draft / banker’s cheque issue charges out of the remittance amount.
         
        ADMINISTRATION AND ACCOUNT FEES:
         
        Service charges for Saving Bank.
       
Maintenance fee of $5 per month for accounts with minimum balance below $100.
       
There are no other service charges.
         
       
  Service Charges for Super Saver Account  (Individuals & Business)
 
CAD / USD
Particulars
Individuals
Business
  Minimum Balance.
  1000
  2000
  Cheque Book facility.
  Yes
  No
  Permitted withdrawals per month.
  No limit
  2 per month as per specific instructions
  Charges for not maintaining minimum balance during a month.
 

C$ /US$ 10 per month
 

C$/US$ 10 per month
  Charges for exceeding permitted withdrawals.
  nil
 

C$/US$ 25 per withdrawal
         
        SERVICE CHARGES FOR CURRENT DEPOSIT ACCOUNTS:
       
Transaction fee of CAD 0.45 per transaction in CAD or USD.
       
Maintenance fee of CAD 10 per month for Canadian Dollar accounts with minimum balance during the month below CAD 2,000.
       
Maintenance fee of USD 10 per month for USD accounts with minimum balance during the month below USD 2,000.
         
        OTHER ACCOUNT- RELATED SERVICES (in respective currency):
       
Duplicate statement of account $10
       
Interim Statement $10
       
Certified Cheque $10
       
Certificate of balance/Audit confirmation $10
       
Issuance of Official Cheque or local draft $10
       
A/C balance transferred to another Bank (including RRSP & TFSA) $20
       
Stop Payment of Cheques $10
       
N.S.F items returned (Both Inward and Outward Clearing) $20
       
Misc. Investigating matters (> 90 Days old) $25
       
collection Item returned / unpaid $20
       
Cheque collection outside Canada/USA: $ 25 (Other bank's charges as may apply)
       
Closure of account within 6 months $ 10
       
Closure of account within 14 days or after 6 months - no charges
         
        OTHER SERVICE CHARGES:
       
Issue of life certificates to senior citizens - CAD 5
       
Mailing of drafts to the beneficiary's addresses - CAD 10
       
Refund / Replacement of lost / stolen drafts - CAD 10
       
Investigation fee for non bank errors - CAD 25