Service Charges

FEES & CHARGES, w.e.f. 01.10.2025

Savings Account Charges
Description Offshore Banking Domestic Banking
Minimum balance to open account N/A Individuals – SCR 1000
Average Balance below above specified amount N.A. SCR 20 p.m.
​Maintenance fee ​N.A. No charge
Account closure ​N.A. No charge
Dormant account maintenance ​N.A. ​No charge
Request for account statements (more than 12 months old) N.A. SCR 15 per page
Current Account Charges
Description Offshore Banking Domestic Banking
Minimum balance to open account (Individuals) USD 10,000 or equivalent SCR 2,500
Minimum balance to open account (Business) USD 25,000 or equivalent SCR 5,000
Average Balance below above specified amount USD 50 p.m. or equivalent Individual – SCR 50 p.m.
Business – SCR 100 p.m.
Maintenance fee USD 20 p.m. or equivalent Individual – SCR 100 half-yearly
Business – SCR 200 half-yearly
Account closure USD 100 or equivalent No charge
Offshore Account Remediation USD 100 or equivalent Not Applicable
Dormant account maintenance ​No charge No charge
Cheque books N.A. Personal 50 pages – SCR 200
Corporate 50 pages – SCR 250
Corporate 100 pages – SCR 350
Cheque returned for lack of funds N.A. SCR 500 per cheque
Stop payment of cheque N.A. SCR 50 per cheque
Request for account statements (more than 12 months old) Flat charge of USD 50 or equivalent SCR 15 per page
 
Foreign Currency Account Charges
Description Offshore Banking Domestic Banking
Minimum balance to open account (Individuals) Not Applicable USD 1,000 or equivalent
​​​Minimum balance to open account (Business) Not Applicable USD 2,500 or equivalent
Average Balance below above specified amount Not Applicable Individual – USD 10 p.m. or equivalent
Business – USD 25 p.m. or equivalent
Maintenance fee ​Not Applicable Individual – USD 25 or equivalent, half-yearly
Business – USD 50 or equivalent, half-yearly
Account closure ​Not Applicable USD 50, if closed within 12 months. Otherwise, NIL
Dormant account maintenance Not Applicable No charge
Request for account statements (more than 12 months old) Not Applicable USD 5 per page
Card Services Charges
Description Offshore Banking Domestic Banking
Visa Classic (Debit)
New Card Issuance USD 100 + Courier charges on actuals basis Free
Renewal of Card, on expiry (3 years) USD 50 + Courier charges on actuals basis Free
Annual Fees USD 120 Free
a. Transaction done in card currency ATM: USD 10 plus 2% of transaction value ATM: SCR 100 plus 2% of transaction value
b. Transaction done in a currency different from the card currency POS/E Commerce -4% of transaction value POS/E Commerce -4% of transaction value
Card Replacement USD 100 + Courier charges on actuals basis ​SCR 150
Pin Regeneration USD 50 + Courier charges on actuals basis SCR 50
Visa Infinite (Credit)
Membership / Annual Fee N.A. SCR 500
​​​Card Replacement (lost, stolen etc) N.A. SCR 500
Pin Regeneration N.A. SCR 100
Fee on unpaid balance ​N.A. 1.5% p.m.
Cash Advance Fee ​N.A. 3% of the amount, min SCR 300
Late Payment Fee ​N.A. SCR 500
Overlimit Fee ​N.A. SCR 250
Duplicate Statement ​N.A. SCR 50
Mark-up for international transactions ​N.A. 4%

Financing Charges
Description Offshore Banking Domestic Banking
Arrangement / Processing Fee 1% of facility amount, min USD 500 1% of facility amount. min SCR 500
​​​Processing Fee for 1st Home owners N.A. upto SCR 1.50 mn –

0.50%, max SCR 2500 ;
above SCR 1.50 mn – 0.50%
Facility Renewal Fee 1% of facility amount, min USD 500 1% of facility amount. min SCR 500
Facility excess/arrears fee 2% above contracted rate on the principal Financing facility amount in default 2% above contracted rate on the principal Financing facility amount in default
Amendments to Facility Contracts 0.5% of o/s, min USD 500 0.5% of o/s, min SCR 500
Statement of Facility account No charge No charge
Amortisation schedule No charge No charge
Facility rescheduling/restructuring 1% of o/s, min USD 500 1% of o/s, min SCR 500
Letter of no commitment with Bank USD 100 SCR 100
Release of Guarantees USD 100 SCR 250
Cancellation of agreement (pre-disbursement) 0.5% of approved amount,
min USD 500		 0.5% of approved amount, min SCR 500
Documentary Credits N.A. N.A.
Guarantees / Bonds N.A. N.A.
Inward Bills for Collection N.A. 1%, min SCR 250 + SWIFT charges
Funds Transfer Charges
Description Offshore Banking Domestic Banking
Foreign Transfers
SWIFT outgoing Up to USD 20,000 -USD 50 + OBC

Above USD 20,000 – 0.30% + OBC		 Up to USD 10,000 –
SCR 200 + OBC

Above USD 10,000 –
0.15%, max SCR 750 + OBC
SWIFT incoming No charge No charge
Local Transfers
Within Al Salam Bank accounts Not Applicable No charge
SEFT done by Customer through online Banking.
 Not Applicable NIL
SEFT done by Bank on behalf of the customer. Not Applicable SCR 20.00
SWIFT N.A.
 SWIFT-SCR 50
Incoming N.A. No charge
Manager’s Cheques
Issuing of Manager’s Cheques N.A. SCR 50
Cancellation of Manager’s Cheques N.A. SCR 25

Standing Orders Charges
Description Offshore Banking Domestic Banking
Within Al Salam Bank accounts USD 10 per instance No charge
To Local / Foreign Bank accounts As per SWIFT charges As per SEFT/SWIFT charges
New standing order set up USD 10 SCR 20
Amendment to standing order USD 10 SCR 20
Unpaid due to lack of funds USD 50 SCR 100
Miscellaneous Charges
Description Offshore Banking Domestic Banking
Internet Banking Free Free
Requests for CIS Reports N.A. SCR 100
Bank audit report to Co’s auditors USD 15 SCR 100
Term deposit withdrawm before maturity N.A. Rate applicable to the effective period at the subscription date Less 1%
Bank’s Reference / Status Report USD 25 SCR 250