RATES - SERVICE CHARGES

Service Charges

CHEQUE/PAYMENT SERVICES:

Cheque Certification
Account holder
$10.00
Non-Account holder
$15.00
NSF items (Cheques, pre-authorized items, bill payments)
If returned
$15.00
If paid
$ 5.00 (plus overdraft charges)
Cheques or pre-authorozed items
Stop Payment
$10.00
Issue of Official Cheque/Local Draft
$ 10.00
Service Charges on Remittances
DRAFTS
Indian Rupees
$ 8.00 ($ 5.00 for online applications)(NIL for Charities / Seniors / Opening New NRE A/Cs)
Draft in different currency
$ 20.00
Draft in same currency (Other then FCNR)
$ 35.00
Draft in same currency for FCNR Accounts
$15.00
SWIFT (Wire transfer)
TT in Indian Rupees
$ 8.00 ($ 5.00 for online applications)(NIL for Charities / Seniors / Opening New NRE A/Cs)
TT in different currencies
$ 20.00
TT in same currency (Other then FCNR)
$ 35.00
TT in same currency for FCNR Accounts
$15.00

Note: If the Draft / TT proceeds are to be paid to the beneficiary's account in another branch / bank, the drawee branch may deduct their out of pocket expenses / draft / banker's cheque issue charges out of the remitance amount.

ADMINISTRATION AND ACCOUNT FEES


Service charges for Saving Bank CAD & USD
  • Maintenance fee of $ 5.00 per month with minimum balance under $ 100
Service charges for Super Saver Deposit Account
    Individual
    Business
    Minimum Balance CAD/USD 1000
    Minimum Balance CAD/USD 2000
    Chequable - Yes
    Chequable - No
    No limit on number of withdrawls per month
    Monthly withdrawl limit 2 (at specific request through in-branch/fax/mail or Internet Banking)
    Penalty for not maintaining minimum balance - CAD/USD 10
    Penalty for not maintaining minimum balance - CAD/USD 10
    Penalty for exceeding permitted withdrawls - NIL
    Penalty for exceeding permitted withdrawls - CAD/USD 25
    Service charges for Current Deposit Accounts:
    • Transaction fee of $ 0.45 per transaction in CAD or USD
    • Maintenance fee of $ 10.00 per month for Canadian Dollar accounts with minimum balance during the month below $ 2000
    • Maintenance fee of US $ 7.00 per month for USD accounts with minimum balance during the month below $ 1500
    Other Account related Services:
    Duplicate Statement of Account
    $ 2.00
    Certicate of balance/Audit confirmation
    $ 10.00
    Cheque Collection Outside Canada/USA
    $ 25.00 (Other bank's charges as may apply)
    Closure of account within 6 months
    $ 10.00
    (Closure of account within 14 days and after 6 months - no charges)
    Other Service Charges

    Issue of life certificates to senior citizens - C$ 5.00
    Mailing of drafts to the beneficiary addresses - C$ 10.00

    NEWS

    State Bank of India (Canada)-a wholly owned subsidiary of State Bank of India- has been operating in two provinces of Canada - Toronto & Vancouver for more than a decade, extending various facilities to the Indians settled in Canada such as remittance of funds through a network of over 9000 offices of State Bank of India, the largest commercial bank in India.

    SBI (C) has also been instrumental in fostering trade ties between India and Canada by extending financial, advisory and logistic support to Canadian and Indian Corporate’s.

    Your Bank Your People at Your Service.
    New location to service you - Brampton Branch now open


    Mississauga Branch: Business Hours from May 07, 2007

    Tue - Fri: 9:30am to 3:30pm
    Sat - 9:00am to 2:00pm
    Remittance Services Exchange Rate