Bank Charges Bank Muscat. Better Everyday.
Sr No. Charge Type Charge Particulars Charge Amount
1 Savings Account
Per month (if balance falls below 500 Baizas OMR 100)
Salary below OMR 500 per Nil 1.1 Ledger Fees month
Account purpose of receiving pension and other social support Nil allowance being granted by the Government
Foreign currency Per month, if balance falls 1.2 Equivalent to 500 Baizas Account Ledger fees below to equivalent of 100 OMR
Eligibility & minimum balance 1.3 Interest 0.5% paid on semi-annual basis OMR 100
2 Current Account
Per month (if balance falls below 500 Baizas OMR 200)
Salary below OMR 500 per Nil 2.1 Ledger Fees month
Account purpose of receiving pension and other social support Nil allowance being granted by the Government
Foreign currency Per month, if balance falls 2.2 Equivalent to 500 Baizas Account Ledger fees below to equivalent 200 OMR
10 leaves OMR 1 Cheque Book 2.3 Charges 25 leaves OMR 2 50 leaves OMR 3 100 leaves OMR 5
Returned for lack of funds OMR 15 Cheque Return 2.4 Charges Returned for other reasons OMR 10
Per instruction (Single or Bunch 2.5 Stop Payment OMR 5 of cheques) for a day
Handling of Post Dated Cheques 2.6 Post Dated Cheques OMR 5 (Per Cheque)
Removing Name Individual OMR 10 2.7 from Caution List Corporate OMR 20
3 Call Account
F062 Version: 1.2 / November / 2020
- 1 - Bank Muscat. Better Everyday.
Sr No. Charge Type Charge Particulars Charge Amount
If balance falls below Monthly
OMR 1,000 OMR 2
AED 10,000 AED 50 3.1 Call Accounts USD 2,000 Ledger Fees USD 20
GBP 2,000 GBP 15
EUR 2,000 EUR 20
3.2 Interest At agreed rate
4 Other product specific ledger fee
Product / Segment Ledger fee particulars Charge amount per month
Asalah Priority Non maintenance of eligibility 4.1 OMR 20 Banking criteria
Child/Minor/Shababi 4.2 Ledger fees Nil Saving Account
Zeinah Savings Per month (if balance falls 500 Baizas 4.3 account below OMR 100)
Ledger Fees for Per month (if balance falls 4.4 OMR 2 Najahi below OMR 500)
Al Jawhar Privilege Non maintenance of eligibility 4.5 OMR 5 Banking criteria
5 Other Services
If account operated more than 1 Nil 5.1 Account Closure year If account closed within 1 year OMR 3
If account has the minimum Nil balance as per the product 5.2 Dormant Accounts If account does not have the minimum balance as per the OMR 1 every 6 months product
Manual Bank Monthly (Saving Account) OMR 5 p.a Statement (other 5.3 Weekly (Saving/ Current Account) OMR 20 p.a than normal periodicity as agreed) Daily (Saving/ Current Account) OMR 50 p.a
Up to 6 month OMR 1 Duplicate / Past 5.4 Period of Bank Over 6 to 12 month OMR 3 Statements Over 12 months OMR 5
OMR 2 Copies of Transaction Up to 1 year (Per voucher/cheque) 5.5 Proof/Paid Chequ Over 1 year (Per voucher/cheque) OMR 3
5.6 Nil Liability OMR 2 Certificate
F062 Version: 1.2 / November / 2020
- 2 - Bank Muscat. Better Everyday.
Sr No. Charge Type Charge Particulars Charge Amount
6 Safe Deposit Lockers
Deposit 6.1 OMR 100 (Refundable)
Small (Branches) OMR 50 (Head Office) OMR 150
Medium (Branches) OMR 80 Charges per annum 6.2 (Head Office) OMR 250 (Not Refundable) Large (Branches) OMR 120 (Head Office) OMR 300
Extra Large (Branches) OMR 150
7 Salary Processing
Below 25 records by Micro Nil business Salary processing via. 7.1 branches Up to 99 records OMR 10
Above 99 records OMR 20
8 Fixed Deposits
8.1 Interest At agreed rate
Prevailing Interest rate applicable Premature Interest rate for Premature 8.2 for the completed deposit period Withdrawal Withdrawal reduced by 1%
9 Themaar
Themaar Saving Plan 9.1 On maturity FD rate minus 1% Interest
OMR 5, no interest payment Pre closure of Less than 1 year 9.2 Themaar Saving Plan Prevailing FD rate minus 1%, less 1% (Cancelation) More than 1 year penal interest + 3 OMR
Less than 1 year No interest payment Pre closure of Saving 9.3 Plan (HESP, RSP) Prevailing Interest rate applicable (Cancelation) More than 1 year for the completed deposit period reduced by 1%
10 Debit Card
New card fee Nil Visa Debit Card (for individual Annual fee OMR 1 accounts) 10.1 Additional card issuance fee OMR 2
For technical reasons Nil Replacement For lost / stolen / damaged OMR 2
F062 Version: 1.2 / November / 2020
- 3 - Bank Muscat. Better Everyday.
Sr No. Charge Type Charge Particulars Charge Amount
New card fee OMR 2 Najahi Debit Card for Business Annual fee OMR 2 Customer 10.2 Additional card issuance fee OMR 2
For technical reasons Nil Replacement For lost / stolen / damaged OMR 2
Balance inquire fee within Banks Nil Muscat ATM
Balance inquire fee within Other OMR 0.050 Banks in Oman ATM Transactions 10.3 (Balance Inquire) Balance inquire fee within Other OMR 0.300 Banks in GCC
Balance inquire fee with Nil International ATM
Cash withdrawal within Bank Nil Muscat
Cash withdrawal within other OMR 0.100 Banks in Oman ATM Transactions 10.4 Cash withdrawal within other (Cash Withdrawal) OMR 0.800 Banks in GCC
Cash withdrawal with International OMR 1.500 ATM
10.5 ATM/Debit Card Forex Markup Fees 2.5%
11 Prepaid Card
Issuance Fee OMR 2
Replacement Card OMR 5 Fee
Annual OMR 1 Maintenance Fee
Recharge / OMR 0.100 Reload Fee
ATM Balance OMR 0.050 Inquiry Fee
ATM Cash Withdrawal 11.1 OMR 0.100 Oman Net
ATM Cash Withdrawal OMR 0.800 GCC Net
ATM Cash Withdrawal OMR 1.5 International Fee
Cancellation Fee Nil
Refund Fees OMR 1
Forex Markup Fees 2.5%
Dormancy Fee OMR 2 Per Month
F062 Version: 1.2 / November / 2020
- 4 - Bank Muscat. Better Everyday.
Sr No. Charge Type Charge Particulars Charge Amount
12 Remittances
12.1 Pay Order Commission OMR 2
Issuance OMR 2 Draft 12.2 Stop payment OMR 3 + Correspondent Bank charges (Foreign currency) Cancellation OMR 2 (At Bank’s buying rate)
RTGS (Local) OMR 4.250
ACH (Local) OMR 1 Outward Telex 12.3 Other Countries OMR 5 + other Bank charges (SHA) Charges Charges our payments OMR 15 (OURS)
Inquiries/Investigation Fees OMR 15
12.4 Mail Transfer OMR 1
Setup Nil 12.5 Standing Instruction Between Bank account for same Nil client or child account
Between Bank account for OMR 0.500 different client
Standing Instruction ACH (Local) OMR 1 12.6 Account to Account transfers RTGS (Local) OMR 4.250
OMR 5+ other Bank charges (SHA) Outside the Bank (foreign) OMR 15 (OURS)
INR Remittances to India OMR 1.5
INR Remittances to India (IMPS) OMR 2
PHP & USD Remittances to OMR 1.5 Philippines
12.7 Speed Transfers LKR Remittances to Srilanka OMR 1.5
PKR Remittances to Pakistan OMR 1.5
BDT Remittances to Bangladesh OMR 1.5
Inquiries/Investigation Fees OMR 5
Our Customer Fee No Charges
Non BM customer to Local Banks OMR 5 Inward Telex Transfer Non BM customer to International 12.8 OMR Payment OMR 10+ Other Bank Charges Bank (VOSTRO) Amendment OMR 15
Cancelation OMR 15
Our Customer Fee No Charges
Non BM customer to Local Banks OMR 5 Inward Telex Transfer Non BM customer to International 12.9 FCY PAYMENT OMR 10+ Other Bank Charges Bank (NOSTRO) Amendment OMR 15
Cancelation OMR 15
F062 Version: 1.2 / November / 2020
- 5 - Bank Muscat. Better Everyday.
Sr No. Charge Type Charge Particulars Charge Amount
13 Collections
ACH OMR 1 Local Cheques for 13.1 RTGS OMR 4.250 collection Other GCC Currencies OMR 10
Free Vostro Cheque Our Customers 13.2 Payment Non Customers OMR 5
Vostro in case returned 13.3 Our Customers OMR 15 for insufficient funds
Direct Debit 13.4 Per Transaction OMR 1 Arrangements
Finance Co. 13.5 Per Transaction As Agreed Cheque Collection
14 Bill Collection (OIFC, Ooredoo, etc.)
Pyment through Call Centre/ ATM/ 14.1 Charges per bill Nil Cash Deposit Machine/Branch
Cash Payment at 14.2 Bank Muscat Account Holders Nil branch counter
LOAN PRODUCTS & CREDIT CARDS
15 Consumer Loans, Housing Loan Baituna, Auto Loans
Consumer Loans
15.1 Interest As per agreed rate
15.2 Processing Fee OMR 25
Deferment of loan 15.3 OMR 5 installments
Special waiver other 15.4 OMR 5 than Eid
Pre-payment of 15.5 outstanding loan On amount prepaid 1% before due date
15.6 Rescheduling of Loan OMR 5
15.7 Top up loan processing OMR 5
On overdue amount and for 15.8 Overdue Interest 1% Over agreed rate overdue period only
Housing Loan Baituna
15.9 Interest As per agreed rate
15.10 Processing Fee OMR 50
Deferment of loan Per request (Subject to HO 15.11 N/A installments approval)
F062 Version: 1.2 / November / 2020
- 6 - Bank Muscat. Better Everyday.
Sr No. Charge Type Charge Particulars Charge Amount
Pre-payment of 15.12 outstanding loan on amount prepaid 1% before due date
On overdue amount and for 15.13 Overdue Interest 1% over agreed rate overdue period only
Auto Loans
15.14 Interest As per agreed rate
15.15 Processing Fee OMR 25
Deferment of loan 15.16 N/A installments
Pre-payment of 15.17 outstanding loan on amount prepaid 1% before due date
On overdue amount and for 15.18 Overdue Interest 1% over agreed rate overdue period only
16 Credit Cards
Visa Classic / OMR 10 MC Standard (Primary)
Supplementary OMR 5
Visa Premier / OMR 15 MC Gold (Primary)
Supplementary OMR 5
MC Platinum (Primary) OMR 100
Supplementary OMR 0 16.1 Annual Fee Visa / MC corporate executive OMR 30 Business
Visa / MC corporate OMR 25 Standard
Visa / MC corporate purchasing OMR 10
Najahi Standard OMR 50
OMR 150 (Paid once when Najahi Plus opening account)
Visa-Infinite (Primary) OMR 120
Supplementary OMR 35
Bank Muscat Oman OMR 15 Air Card (Primary)
Supplementary OMR 5
F062 Version: 1.2 / November / 2020
- 7 - Bank Muscat. Better Everyday.
Sr No. Charge Type Charge Particulars Charge Amount
Visa Signature OMR 50 ( First year free) Credit Card (Primary)
Supplementary OMR 10
Lulu MC Credit Titanium OMR 10 (Primary)
Supplementary OMR 5 16.1 Annual Fee Visa Infinite Private Nil Banking (Primary)
Supplementary Nil
Al Jawher Visa OMR 30 Platinum (Primary)
Supplementary OMR 5
Computed on the average daily outstanding balance 16.2 Interest for the amount 1.5% p.m. outstanding from the transaction posting date until fully paid
Replacement (for 16.3 lost / stolen / OMR 10 damaged card)
16.4 Cash Advance Fee Per transaction 3% or OMR 3 (Which ever is higher)
16.5 Late Payment Fee Charge per month OMR 5
Irrespective of the overdrawn 16.6 Over Credit Limit Fee OMR 5 amount
Copy of Sales Per voucher (applicable only to 16.7 OMR 3 Voucher disputed transactions)
16.8 Forex Markup Fees 2.5%
17 Credit Administration
Registration of 17.1 OMR 25 only Legal Mortgage
Creation or Renewal 17.2 of Commercial OMR 100 Mortgage
Release of Legal 17.3 OMR 50 Mortgage Release of Joint OMR 25 17.4 Registration of Shares per request for release of shares OMR 25 17.5 Pledge of Share per request for pledge of shares
Documentation 17.6 OMR 250 Charges
F062 Version: 1.2 / November / 2020
- 8 - Bank Muscat. Better Everyday.
Sr No. Charge Type Charge Particulars Charge Amount
Sanction of 17.7 1% of Total amount. New Loans Minimum OMR 250
17.8 In-Principle OMR. 1,000/- On a case to case basis
Renewing of Capital Facilities 0.05% of facility 17.9 Working amount subject to minimum OMR 250
Sanction of New/ Enhancement in 0.1% of new/enhanced facility 17.10 Working Capital amount subject to minimum Facilities OMR 250
17.11 Charges for Transactions / Services
Issue of STL/Rollover 17.12 OMR 10 of STL
Extension of due 17.13 dates of Term Loan OMR 10 installments
TOD/Adhoc LC/LTR/ 17.14 Adv(O) (sanctioned 0.05% Subject to a over & above minimum of OMR 50/- approved limits)
Interchangeability 17.15 OMR 25 of limits
Interchangeability of 17.16 limits by group/ OMR 25 related company
Temporary release of 17.17 OMR 10 Per release securities
Delay in return of the securities(after a grace 17.18 OMR 10 p.m. period of 1 month from agreed date)
Permanent release of 17.19 OMR 50 securities
Non submission of 17.20 audit reports by due OMR 25 p.m. or part thereof dates
Charges for delay in 17.21 submission of OMR. 10/-, on a case to case basis progress reports
Waiver of Standard Security condition 17.22 OMR 25 p.a. (Valuation, Insurance etc.)
Delay in submission of valuation report/copy 17.23 of insurance policy OMR 10 p.m. beyond the agreed date
F062 Version: 1.2 / November / 2020
- 9 - Bank Muscat. Better Everyday.
Sr No. Charge Type Charge Particulars Charge Amount
18 Global Trade Services
18.1 Letter of Credit
18.2 Import L/C
(Minimum period 3 months)+ 18.3 Opening Commission 0.125% per month Minimum OMR 20 Swift charges
Full OMR 25
18.4 Swift Charges Brief OMR 12
Postage OMR 2
Gulf Countries OMR 20 18.5 Courier Others OMR 25
19 Amendments
0.125% p.m. Minimum OMR 10
Increase in amount - 19.1 Swift OMR 10 Commission
Postage OMR 2
19.2 Extension in Validity Commission 0.125% p.m. Minimum OMR 10
Acceptance
19.3 Local/Dubai Banks 2.5% p.a. on tenor Commission Other Countries 1.5% p.a. on tenor
Cancellation of Commission + swift charges 19.4 OMR 10 Unutilised L/C (if any)
On negotiation covered through Exchange 0.25% flat 19.5 other Banks. (LC opened by us but Commission Minimum OMR 10 covered through another Bank)
Discrepant Documents Actual out of pocket expenses 19.6 Fee (payable by the USD 60 (Swift cost, etc.) beneficiary)
0.125% per month for every 19.7 Revolving L/C Renewal Minimum OMR 20
20 Export L/C
20.1 Advising L/C
20.2 Pre Advice Commission OMR 10
F062 Version: 1.2 / November / 2020
- 10 - Bank Muscat. Better Everyday.
Sr No. Charge Type Charge Particulars Charge Amount
20.3 Final Advice Commission OMR 10
Advising 20.4 Commission OMR 8 Amendments
Commission may vary (plus or 20.5 Adding Confirmation minus) depending upon Bank risk and country risk.
20.6 Sight L/C Commission 0.25% per quarter Minimum OMR 20
20.7 Usance L/C Commission 0.5% per quarter Minimum OMR 20
Commission - minimum + actual 0.25% flat instead of 0.25% 20.8 Transferable L/C cost Minimum OMR 50
Negotiation and 20.9 Acceptance (Other Commission 0.5% flat Minimum OMR 20 Banks)
Reimbursement commission OMR 15
21 Export Bills Discounting
21.1 Interest 10.75%
21.2 Commission Usance bills 0.25%
GCC countries OMR 20 21.3 Courier Charges Others OMR 25
21.4 Swift Charges OMR 15
22 Collections
22.1 Documentary bills
Sight 0.125% flat Minimum OMR 10
Usance 0.25% flat Minimum OMR 10
22.2 Inward / Outward Swift charges OMR 7
Postage OMR 2
Reminder OMR 2
Gulf OMR 20 22.3 Courier Others OMR 25
Extension of LTR/Adv 22.4 (0) beyond the due OMR 5 date
23 Guarantees
Tender bonds (Bid 23.1 Per month (Min. 3 months) 0.125% Minimum OMR 20 bonds)
23.2 Performance bonds Per month (Min. 3 months) 0.125% Minimum OMR 20
Advance Payment 23.3 (Min. 3 months) 1.5% p.a. Minimum OMR 20 Guarantee
Payment & Financial 23.4 Commission 2.4% p.a. Minimum OMR 20 Guarantees
F062 Version: 1.2 / November / 2020
- 11 - Bank Muscat. Better Everyday.
Sr No. Charge Type Charge Particulars Charge Amount
Open Ended 23.5 Commission - additional 0.25% p.a. Guarantees
Shipping Guarantees (For missing Bill of Lading & Airway 23.6 OMR 10 & AWB Guarantees Bills - Margin 100%)
Amendments to 23.7 Guarantees
Increase in amount (As a. 1.5% to 2.5% p.a. per Guarantee Type)
b. Extension in validity 0.125% p.m. Minimum OMR 10
Other amendments / c. OMR 10 additions
23.8 Settlement of Claims OMR 10
Transmission of 23.9 Guarantees to other Banks a. Air Mail OMR 2
b. Swift - outside GCC (Minimum) OMR 20
c. GCC countries (Minimum) OMR 15
Gulf OMR 20 d. Courier Others OMR 25
24 Others
a. Providing OMR 10 24.1 Credit/Other Reports b. Obtaining OMR 10
1- Standard letter OMR 20/-
2- Letter for registration issued OMR 50/- to PDO/Tender Board/Others 24.2 Reference Letters
3- Letters indicating our OMR 100/- willingness to consider project facilities The above charges are on a case to case basis.
Audit Balance 24.3 OMR 15 Confirmation
24.4 Bulk Cash Deposit On Case to Case basis As Applicable
Bank Muscat reserves the right to change the charges at any given time
F062 Version: 1.2 / November / 2020
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