Bank

Charges
Bank Muscat. Better Everyday.

Total Amount in
Sr No. Charge Type Charge Particulars Bank Charges VAT Amount
OMR inclusive
in OMR in OMR
of VAT

1 Savings Account

Per month (if balance falls below 0.500 0.025 0.525

OMR 100)

Salary below OMR 500 per Nil Nil Nil

1.1 Ledger Fees month

Account purpose to receive Nil Nil Nil

pension or other social support
allowance being granted by the
Government

Foreign currency Per month, if balance falls 0.500 0.025 0.525

1.2
Account Ledger fees below to equivalent of 100 OMR

Eligibility & minimum balance 0.50% N/A 0.50%

1.3 Interest* OMR 100. Paid on semi annual
basis

2 Current Account

Per month (if balance falls below 0.500 0.025 0.525

OMR 200)

Salary below OMR 500 per Nil Nil Nil

2.1 Ledger Fees month

Account purpose to receive Nil Nil Nil

pension and other social support
allowance being granted by the
Government

Foreign currency Per month, if balance falls 0.500 0.025 0.525

2.2
Account Ledger fees below to equivalent of 200 OMR

10 leaves 1.000 0.050 1.050

Cheque Book
2.3 25 leaves 2.000 0.100 2.100
Charges
50 leaves 3.000 0.150 3.150
100 leaves 5.000 0.250 5.250

Returned for lack of funds 15.000 0.750 15.750

Cheque Return
2.4
Charges
Returned for other reasons 10.000 0.500 10.500

Per instruction (Single or Bunch 5.000 0.250 5.250

2.5 Stop Payment
of cheques) for a day

Handling or post Dated Cheques 5.000 0.250 5.250

2.6 Post Dated Cheques
(Per/ Cheque)

Removing Name Individual 10.000 0.500 10.500

2.7
from Caution List
Corporate 20.000 1.000 21.000

3 Call Account

If balance falls below Monthly

Call Accounts
3.1
Ledger Fees
OMR 1,000 2.000 0.100 2.100

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Bank Muscat. Better Everyday.

Total Amount in
Sr No. Charge Type Charge Particulars Bank Charges VAT Amount
OMR inclusive
in OMR in OMR
of VAT

AED 10,000 AED AED AED

50.000 2.500 52.500

USD 2,000 USD USD USD

20.000 1.000 21.000
GBP 2,000 GBP GBP GBP
15.000 0.750 15.750

EUR 2,000 EUR EUR EUR

20.000 1.000 21.000
At agreed N/A At agreed
3.2 Interest*
rate rate

4 Other product specific ledger fee

Ledger fee particulars.Charged

Product / Segment
per month

Asalah Priority Non maintenance of eligibility

4.1 20.000 1.000 21.000
Banking criteria

Child/Minor/Shababi
4.2 Ledger fees Nil Nil Nil
Saving Account

Zeinah Savings Per month (if balance falls

4.3 0.500 0.025 0.525
Account below OMR 100)

Ledger Fees for Per month (if balance falls

4.4 2.000 0.100 2.100
Najahi below OMR 500)

Al Jawhar Privilege Non maintenance of eligibility

4.5 5.000 0.250 5.250
Banking criteria

5 Other Services

If account operated more than

Nil Nil Nil
5.1 Account Closure 1 year

If account closed within 1 year 3.000 0.150 3.150

If account has the minimum

Nil Nil Nil
balance as per the product
5.2 Dormant Accounts
If account does not have the
minimum balance as per product. 1.000 0.050 1.050
Charges are every 6 months

Monthly (Saving Account). 5.000 0.250 5.250

Manual Bank Charges in per annum
Statement (other Weekly (Saving/Current Account).
5.3 than normal 20.000 1.000 21.000
Charges in per annum
periodicity as agreed)
Daily (Saving/Current Account).
50.000 2.500 52.500
Charges in per annum
Up to 6 months 1.000 0.050 1.050
Duplicate / Past
5.4 Period of Bank Over 6 to 12 months 3.000 0.150 3.150
Statements
Over 12 months 5.000 0.250 5.250

Up to 1 year (Per voucher/cheque) 2.000 0.100 2.100

Copies of Transaction
5.5
Proof/Paid Cheque
Over 1 year (Per voucher/cheque) 3.000 0.150 3.150

5.6 Nil Liability 2.000 0.100 2.100

Certificate

6 Safe Deposit Lockers

Deposit
6.1 100.000 N/A 100.000
(Refundable)

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Bank Muscat. Better Everyday.

Total Amount in
Sr No. Charge Type Charge Particulars Bank Charges VAT Amount
OMR inclusive
in OMR in OMR
of VAT

Small (Branches) 50.000 2.500 52.500

(Head Office) 150.000 7.500 157.500

Medium (Branches) 80.000 4.000 84.000
Charges per annum
6.2 (Head Office) 250.000 12.500 262.500
(Not Refundable)
Large (Branches) 120.000 6.000 126.000

(Head Office) 300.000 15.000 315.000

Extra Large (Branches) 150.000 7.500 157.500

7 Salary Processing

Below 25 records by Micro Nil Nil Nil

business
Salary processing
7.1 Up to 99 records 10.000 0.500 10.500
via branches

Above 99 records 20.000 1.000 21.000

8 Fixed Deposits

8.1 Interest* At agreed rate N/A

8.2 Premature Interest rate for Premature Prevailing N/A Prevailing

Interest rate Interest rate
Withdrawal* Withdrawal applicable applicable
for the for the
completed completed
deposit deposit
period period
reduced reduced
by 1% by 1%

9 Themaar

Themaar Saving FD rate N/A FD rate

9.1 On maturity*
Plan Interest* minus 1% minus 1%

Less than 1 year, no interest

5.000 0.250 5.250
payment

Pre closure of Prevailing FD N/A Prevailing FD

More than 1 year Interest* rate minus rate minus
9.2 Themaar Saving Plan 1%, less 1% 1%, less 1%
(Cancelation) penal interest penal interest

More than 1 year fees 3.000 0.150 3.150

No interest No interest
Less than 1 year* payment N/A payment

Pre closure of Saving More than 1 year* Prevailing N/A Prevailing

Interest rate Interest rate
9.3 Plan (HESP, RSP) applicable applicable
(Cancelation) for the for the
completed completed
deposit deposit
period period
reduced reduced
by 1% by 1%

10 Debit Card

New card fee Nil Nil Nil

Visa Debit Card
(for individual Annual fee 1.000 0.050 1.050
accounts)
10.1 Additional card issuance fee 2.000 0.100 2.100

For technical reasons Nil Nil Nil

Replacement
For lost / stolen / damaged 2.000 0.100 2.100

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Bank Muscat. Better Everyday.

Total Amount in
Sr No. Charge Type Charge Particulars Bank Charges VAT Amount
OMR inclusive
in OMR in OMR
of VAT

New card fee 2.000 0.100 2.100

Najahi Debit Card
for Business Annual fee 2.000 0.100 2.100
Customer
10.2 Additional card issuance fee 2.000 0.100 2.100

For technical reasons Nil Nil Nil

Replacement
For lost / stolen / damaged 2.000 0.100 2.100

Balance inquire fee within Banks

Nil Nil Nil
Muscat ATM

Balance inquire fee within Other

0.050 0.003 0.053
Banks in Oman
ATM Transactions
10.3
(Balance Inquire)
Balance inquire fee within Other
0.300 0.015 0.315
Banks in GCC

Balance inquire fee with

Nil Nil Nil
International ATM

Cash withdrawal within Bank

Nil Nil Nil
Muscat

Cash withdrawal within other

0.100 0.005 0.105
Banks in Oman
ATM Transactions
10.4 Cash withdrawal within other
(Cash Withdrawal) 0.800 0.040 0.840
Banks in GCC

Cash withdrawal with International

1.500 0.075 1.575
ATM

10.5 ATM/Debit Card Forex Markup Margin* 2.5% N/A 2.5%

OmanNet Account to Per transaction charges to Sender 0.200 0.010 0.210

10.6
Account Transfer to OmanNet Debit Card

11 Prepaid Card

Issuance Fee 2.000 0.100 2.100

Replacement Card
5.000 0.250 5.250
Fee

Annual
1.000 0.050 1.050
Maintenance Fee

Recharge / Reload
0.100 0.005 0.105
Fee

ATM Balance Inquiry

0.050 0.003 0.053
Fee

11.1 ATM Cash Withdrawal

0.100 0.005 0.105
Oman Net

ATM Cash Withdrawal

0.800 0.040 0.840
GCC Net

ATM Cash Withdrawal

1.500 0.075 1.575
International Fee

Cancellation Fee Nil Nil Nil

Refund Fees 1.000 0.050 1.050

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Bank Muscat. Better Everyday.

Total Amount in
Sr No. Charge Type Charge Particulars Bank Charges VAT Amount
OMR inclusive
in OMR in OMR
of VAT

Forex Markup Margin* On Actual transaction value 2.5% N/A 2.5%

Dormancy Fee Per Month 2.000 0.100 2.100

12 Remittances

12.1 Pay Order Commission 2.000 0.100 2.100

Issuance 2.000 0.100 2.100

Draft (Foreign Stop payment, Correspondent

12.2 3.000 0.150 3.150
currency) Bank charges extra on actual

Cancellation at Bank's buying rate 2.000 0.100 2.100

RTGS (Local) 4.250 0.213 4.463

ACH (Local) 1.000 0.050 1.050

Outward Telex Other Countries. Other Bank
12.3 5.000 0.250 5.250
Charges charges (SHA) on actual

charges our payments (OURS) 15.000 0.750 15.750

Inquiries/Investigation Fees 15.000 0.750 15.750

12.4 Mail Transfer 1.000 0.050 1.050

Setup Nil Nil Nil

12.5 Standing Instruction
Between Bank account for same
client or child account Nil Nil Nil

Between Bank account for

0.500 0.025 0.525
different client

ACH (Local) 1.000 0.050 1.050

Standing Instruction
12.6 Account to Account RTGS (Local) 4.250 0.213 4.463
transfers
Outside the Bank (foreign) + Other
5.000 0.250 5.250
Bank charges (SHA) on actual

Outside the Bank (foreign) OURS 15.000 0.750 15.750

INR Remittances to India 1.500 0.075 1.575

INR Remittances to India (IMPS) 2.000 0.100 2.100

PHP Remittances to Philippines 1.500 0.075 1.575

12.7 Speed Transfers LKR Remittances to Srilanka 1.500 0.075 1.575

PKR Remittances to Pakistan 1.500 0.075 1.575

BDT Remittances to Bangladesh 1.500 0.075 1.575

Inquiries/Investigation Fees 5.000 0.250 5.250

Our Customer Fee Nil Nil Nil

Non BM customer to Local Banks 5.000 0.250 5.250

Inward Telex Transfer
Non BM customer to International
12.8 OMR Payment 10.000 0.500 10.500
Bank+ Other Bank charges on actual
(VOSTRO)
Amendment 15.000 0.750 15.750

Cancelation 15.000 0.750 15.750

Inward Telex Transfer Our Customer Fee Nil Nil Nil

12.9 FCY PAYMENT
(NOSTRO) Non BM customer to Local Banks 5.000 0.250 5.250

F062
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Bank Muscat. Better Everyday.

Total Amount in
Sr No. Charge Type Charge Particulars Bank Charges VAT Amount
OMR inclusive
in OMR in OMR
of VAT

Non BM customer to International

10.000 0.500 10.500
Bank

Amendment 15.000 0.750 15.750

Cancelation 15.000 0.750 15.750

13 Collections

Local ACH 1.000 0.050 1.050

Cheques for
13.1 Local RTGS 4.250 0.213 4.463
collection
Other GCC Currencies 10.000 0.500 10.500

Our Customers Nil Nil Nil

Vostro Cheque
13.2 Payment
Non Customers 5.000 0.250 5.250

Vostro in case returned

13.3 Our Customers 15.000 0.750 15.750
for insufficient funds

Direct Debit
13.4 Per Transaction 1.000 0.050 1.050
Arrangements

Finance Co. As per As agreed

13.5 Per Transaction +5% VAT
Cheque Collection agreed rate + 5% VAT

14 Bill Collection (OIFC, Ooredoo, etc.)

Pyment through Call Centre/ ATM/

14.1 Charges per bill Nil Nil Nil
Cash Deposit Machine/Branch

Cash Payment at
14.2 Bank Muscat Account Holders Nil Nil Nil
branch counter

LOAN PRODUCTS & CREDIT CARDS

15 Consumer Loans, Housing Loan Baituna, Auto Loans

As per As per
15.1 Interest* N/A
agreed rate agreed rate

15.2 Processing Fee 25.000 1.250 26.250

Deferment of Loan
15.3 5.000 0.250 5.250
installments

Special waiver other

15.4 5.000 0.250 5.250
than Eid

Pre-payment of
15.5 outstanding loan On amount prepaid 1.000% 0.050% 1.050%
before due date

15.6 Rescheduling of Loan 5.000 0.250 5.250

15.7 Top up loan processing 5.000 0.250 5.250

On overdue amount and for 1% Over 1% Over

15.8 Overdue Interest* N/A
overdue period only agreed rate agreed rate

Housing Loan Baituna

As per As per
15.9 Interest* N/A
agreed rate agreed rate

15.10 Processing Fee 50.000 2.500 52.500

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Bank Muscat. Better Everyday.

Total Amount in
Sr No. Charge Type Charge Particulars Bank Charges VAT Amount
OMR inclusive
in OMR in OMR
of VAT

Deferment of Loan Per request (Subject to HO

15.11 N/A N/A N/A
installments* approval)

Pre-payment of
15.12 outstanding loan on amount prepaid 1.000% 0.050% 1.050%
before due date

On overdue amount and for 1% over 1% over

15.13 Overdue Interest* agreed rate N/A agreed rate
overdue period only

Auto Loans

As per As per
15.14 Interest* agreed rate N/A agreed rate

15.15 Processing Fee 25.000 1.250 26.250

Deferment of Loan
15.16 Nil Nil Nil
installments

Pre-payment of
15.17 outstanding loan on amount prepaid 1.000% 0.050% 1.050%
before due date

On overdue amount and for 1% over 1% over

15.18 Overdue Interest* N/A
overdue period only agreed rate agreed rate

0.05% flat min 0.003% min 0.053% min

Bank charges for BCL On loan amount (applicable OMR 5.000, OMR 0.250 OMR 5.250,
15.19 Maximum Maximum
Insurance product for Consumer, Auto & Home loan) Maximum
OMR 75.000 OMR 3.750 OMR 78.750

16 Pensioner Loan Restructuring

16.1 Processing fee 15.000 0.750 15.750

17 Credit Cards

Visa Classic /
10.000 0.500 10.500
MG Standard (Primary)

Supplementary 5.000 0.250 5.250

Visa Premier /
15.000 0.750 15.750
MC Gold (Primary)

Supplementary 5.000 0.250 5.250

MC Platinum (Primary) 100.000 5.000 105.000

Supplementary Nil Nil Nil

17.1 Annual Fee
Visa / MC Corporate executive
30.000 1.500 31.500
Business

Visa / MC Corporate
25.000 1.250 26.250
Standard

Visa / MC Corporate purchasing 10.000 0.500 10.500

Najahi Standard 50.000 2.500 52.500

Najahi Plus - (Paid once when

150.000 7.500 157.500
opening account)

Visa-Infinite (Primary) 120.000 6.000 126.000

Supplementary 35.000 1.750 36.750

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Bank Muscat. Better Everyday.

Total Amount in
Sr No. Charge Type Charge Particulars Bank Charges VAT Amount
OMR inclusive
in OMR in OMR
of VAT

Bank Muscat Oman Air

15.000 0.750 15.750
Card (Primary)

Supplementary 5.000 0.250 5.250

Visa Signature Credit Card

50.000 2.500 52.500
(Primary)- (First year free)

Supplementary 10.000 0.500 10.500

Lulu MC Credit Platinum

10.000 0.500 10.500
(Primary)

Supplementary 5.000 0.250 5.250

17.1 Annual Fee
Visa Infinite Private
Nil Nil Nil
Banking (Primary)

Supplementary Nil Nil Nil

Al Jawher Visa 30.000 1.500 31.500

Platinum (Primary)

Supplementary 5.000 0.250 5.250

Computed on the average daily

outstanding balance for the
17.2 Interest* amount outstanding from the 1.5% p.m. N/A 1.5% p.m.
transaction posting date until
fully paid

Replacement (for
17.3 lost / stolen / 10.000 0.500 10.500
damaged card)

3% or As agreed
17.4 Cash Advance Fee Per transaction, Which every is +5% VAT
OMR 3 + 5% VAT
higher

17.5 Late Payment Fee Charge per month 5.000 0.250 5.250

Irrespective of the overdrawn

17.6 Over Credit Limit Fee 5.000 0.250 5.250
amount

Copy of Sales Per voucher (applicable only to

17.7 3.000 0.150 3.150
Voucher disputed transactions)

17.8 Forex Markup Margin* 2.5% N/A 2.5%

18 Credit Administration

Registration of
18.1 25.000 1.250 26.250
Legal Mortgage

Creation or Renewal
18.2 of Commercial 100.000 5.000 105.000
Mortgage

Release of Legal
18.3 50.000 2.500 52.500
Mortgage

Release of Joint
18.4 per request for release of shares 25.000 1.250 26.250
Registration of Shares

18.5 Pledge of Share per request for pledge of shares 25.000 1.250 26.250

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Bank Muscat. Better Everyday.

Total Amount in
Sr No. Charge Type Charge Particulars Bank Charges VAT Amount
OMR inclusive
in OMR in OMR
of VAT

Documentation
18.6 250.000 12.500 262.500
Charges

1% of Total 0.05% of 1.05% of

Sanction of 1% of Total amount. Minimum amount. Total Total
18.7 Min OMR Amount Amount
New Loans OMR 250 250.000 Min OMR Min OMR
12.500 262.500

18.8 In-Principle Applicable on a case to case basis 1000.000 50.000 1050.000

Capital Capital Capital

Facilities Facilities Facilities
0.05% of 0.003% of 0.053% of
Renewing of
18.9 facility facility facility
Working amount amount amount
subject to Min subject to Min subject to Min
OMR 250.000 OMR 12.500 OMR 262.500

Sanction of New/ 0.1% of new/ 0.005% of 0.105% of

enhanced new/ new/
Enhancement in facility enhanced enhanced
18.10
Working Capital amount facility amount facility amount
subject to Min subject to Min subject to Min
Facilities OMR 250.000 OMR 12.500 OMR 262.500

18.11 Charges for Transactions / Services

18.12 Issue of STL/Rollover

10.000 0.500 10.500
of STL

Extension of due
18.13 dates of Term Loan 10.000 0.500 10.500
installments

TOD/Adhoc LC/LTR/ 0.05% 0.003% 0.053%

Subject to Subject to Subject to
18.14 Adv(O) (sanctioned a Min of a Min of a Min of
over & above OMR 50.000 OMR 2.500 OMR 52.500

approved limits)

18.15 Interchangeability 25.000 1.250 26.250

of limits

Interchangeability of
18.16 limits by group/ 25.000 1.250 26.250
related company

18.17 Temporary release of Charges on per release 10.000 0.500 10.500

securities

Delay in return of the

18.18 securities(after a grace
Charges per month 10.000 0.500 10.500
period of 1 month
from agreed date)

Permanent release of
18.19 50.000 2.500 52.500
securities

OMR OMR 1.250 OMR

Non submission of 25.000 p.m. or 26.250
18.20 audit reports by due p.m. or part p.m. or
dates part thereof part
thereof thereof

Charges for delay in

18.21 submission of on a case to case basis 10.000 0.500 10.500
progress reports

Waiver of Standard
Security condition
18.22 (Valuation, Insurance Charges per annum 25.000 1.250 26.250
etc.)

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Bank Muscat. Better Everyday.

Total Amount in
Sr No. Charge Type Charge Particulars Bank Charges VAT Amount
OMR inclusive
in OMR in OMR
of VAT

Delay in submission of
valuation report/copy
18.23 of insurance policy Charges per month 10.000 0.500 10.500
beyond the agreed
date

19 Global Trade Services

19.1 Letter of Credit

19.2 Import L/C

(Min period (Min period (Min period

3 months) + 3 months) + 3 months) +
Swift Swift Swift
19.3 Opening Commission charges- charges - charges -
0.125% per 0.006% per 0.131% per
Month Min Month Min Month Min
OMR 20.000 OMR 1.000 OMR 21.000

Full 25.000 1.250 26.250

19.4 Swift Charges Brief 12.000 0.600 12.600

Postage 2.000 0.100 2.100

Gulf Countries 20.000 1.000 21.000

19.5 Courier
Others 25.000 1.250 26.250

20 Amendments

0.125% p.m. 0.006% p.m. 0.131% p.m.

Min OMR Min OMR Min OMR
10.000 0.500 10.500

Increase in amount -
20.1 Swift 10.000 0.500 10.500
Commission

Postage 2.000 0.100 2.100

0.125% p.m. 0.006% p.m. 0.131% p.m.

20.2 Extension in Validity Min OMR Min OMR Min OMR
10.000 0.500 10.500

Acceptance

Commission Commission Commission

20.3 Local/Dubai Banks 2.5% p.a on 0.125% p.a 2.625% p.a
tenure on tenure on tenure

Commission Commission Commission

Other Countries 1.5% p.a on 0.075% p.a 1.575% p.a
tenure on tenure on tenure

Cancellation of Commission + swift charges

20.4 10.000 0.500 10.500
Unutilised L/C (if any)

On negotiation covered through

0.25% flat 0.013% flat 0.263% flat
Exchange other Banks. (LC opened by us but
20.5 Min OMR Min OMR Min OMR
Commission covered through another Bank)
10.000 0.500 10.500
- 0.25% flat Minimum OMR 10

Discrepant Documents
Actual out of pocket expenses USD USD USD
20.6 Fee (payable by the
(Swift cost, etc.) 60.000 3.000 63.000
beneficiary)

0.125% per 0.006% per 0.131% per

Month every Month every Month every
20.7 Revolving L/C
renewal min renewal min renewal min
OMR 20.000 OMR 1.000 OMR 21.000

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Bank Muscat. Better Everyday.

Total Amount in
Sr No. Charge Type Charge Particulars Bank Charges VAT Amount
OMR inclusive
in OMR in OMR
of VAT

21 Export L/C

21.1 Advising L/C

21.2 Pre Advice Commission 10.000 0.500 10.500

21.3 Final Advice Commission 10.000 0.500 10.500

Advising
21.4 Commission 8.000 0.400 8.400
Amendments

Commission may vary (plus or

As per As agreed
21.5 Adding Confirmation minus) depending upon Bank +5% VAT
agreed rate + 5% VAT
risk and country risk.

Commission 0.013% flat Commission

Commission 0.25% per quarter 0.25% flat Min OMR 0.263% flat
21.6 Sight L/C
Minimum OMR 20 Min OMR 1.000 Min OMR
20.000 21.000

0.5% Flat 0.025% flat 0.525% flat

Commission 0.5% per quarter Min OMR Min OMR Min OMR
21.7 Usance L/C
Minimum OMR 20 20.000 1.000 21.000

Commission - minimum + actual

As per As agreed
21.8 Transferable L/C cost - 0.25% flat instead of 0.25% agreed rate +5% VAT + 5% VAT
Minimum OMR 50

Negotiation and 0.5% Flat 0.025% flat 0.525% flat

Commission 0.5% flat Minimum Min OMR Min OMR Min OMR
21.9 Acceptance (Other
OMR 20 20.000 1.000 21.000
Banks)

Reimbursement commission 15.000 0.750 15.750

22 Export Bills Discounting

22.1 Interest* 10.75% N/A 10.75%

22.2 Commission Usance bills 0.250% 0.013% 0.263%

GCC countries 20.000 1.000 21.000

22.3 Courier Charges
Others 25.000 1.250 26.250

22.4 Swift Charges 15.000 0.750 15.750

23 Collections

23.1 Documentary bills

0.125% flat 0.006% flat 0.131% flat

Sight Min OMR Min OMR Min OMR
10.000 0.500 10.500

Usance 0.25% flat 0.013% flat 0.263% flat

23.2 Inward / Outward
Min OMR Min OMR Min OMR
10.000 0.500 10.500

Swift charges 7.000 0.350 7.350

Postage 2.000 0.100 2.100

Reminder 2.000 0.100 2.100

Gulf 20.000 1.000 21.000

23.3 Courier
Others 25.000 1.250 26.250

Extension of LTR/Adv
23.4 (0) beyond the due 5.000 0.250 5.250
date

F062
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Bank Muscat. Better Everyday.

Total Amount in
Sr No. Charge Type Charge Particulars Bank Charges VAT Amount
OMR inclusive
in OMR in OMR
of VAT

24 Guarantees

Per month 0.006% p.m. 0.131% p.m.

Tender bonds (Bid (Min. 3 Min OMR Min OMR
24.1 months) - 1.000 21.000
bonds) 0.125% Min
OMR 20.000

Per month 0.006% p.m. 0.131% p.m.

(Min. 3 Min OMR Min OMR
24.2 Performance bonds months) - 1.000 21.000
0.125% Min
OMR 20.000

(Min. 3 (Min. 3 (Min. 3

Advance Payment (Min. 3 months) 1.5% p.a months) months) months)
24.3 1.5% p.a 0.075% p.a 1.575% p.a
Guarantee Minimum OMR 20 Min OMR Min OMR Min OMR
20.000 1.000 21.000

Commission Commission Commission

Payment & Financial Commission 2.4% p.a Minimum 2.4% p.a 0.120% p.a 2.520% p.a
24.4 Min OMR Min OMR Min OMR
Guarantees OMR 20
20.000 1.000 21.000

Open Ended 0.250% 0.013% 0.263%

24.5 Commission additional
Guarantees p.a p.a p.a

Shipping Guarantees (For missing Bill of Lading & Airway

24.6 10.000 0.500 10.500
& AWB Guarantees Bills - Margin 100%)

Amendments to
24.7
Guarantees

Increase in amount (As 1.5% to 0.075% to 1.575% to

a.
per Guarantee Type) 2.5% p.a 0.125% p.a 2.625% p.a

0.125% p.m. 0.006% p.m. 0.131% p.m.

b. Extension in validity Min OMR Min OMR Min OMR
10.000 0.500 10.500

Other amendments /
c. 10.000 0.500 10.500
additions

24.8 Settlement of Claims 10.000 0.500 10.500

Transmission of
24.9 Guarantees to other
Banks

a. Air Mail 2.000 0.100 2.100

b. Swift - outside GCC (Minimum) 20.000 1.000 21.000

c. GCC countries (Minimum) 15.000 0.750 15.750

Gulf 20.000 1.000 21.000

d. Courier
Others 25.000 1.250 26.250

25 Others

a. Providing 10.000 0.500 10.500

25.1 Credit/Other Reports
b. Obtaining 10.000 0.500 10.500

1- Standard letter 20.000 1.000 21.000

2- Letter for registration issued

50.000 2.500 52.500
Reference Letters to PDO/Tender Board/Others
25.2 (These charges are a
case to case basis)
3- Letters indicating our
willingness to consider project 100.000 5.000 105.000
facilities

F062
Version: 1.2 / April / 2021

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Bank Muscat. Better Everyday.

Total Amount in
Sr No. Charge Type Charge Particulars Bank Charges VAT Amount
OMR inclusive
in OMR in OMR
of VAT

Audit Balance
25.3 15.000 0.750 15.750
Confirmation

25.4 Bulk Cash Deposit on Case to +5% VAT As agreed

Case basis + 5% VAT

Notes: - Bank Muscat reserves the right to change the charges at any given time.

- In line with Oman Value Added Tax Law and Executive Regulations effective from 16 April 2021,
VAT at the rate of 5% will be levied on Bank Muscat fees and Bank charges specified above,
whenever applicable as per the VAT Oman Law.

- The above total amount as fees and charges are inclusive of VAT as per the Oman VAT Law.

- In the event the services provided to the customers residing outside Oman it may be subject
to VAT at 0% (incase certain legislative requirements are met).

- The VAT amount and total amount are rounded off to nearest three decimal points for representation
and VAT amount represents 5% of amount charged.

- N/A: Not Applicable

          


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F062
Version: 1.2 / April / 2021

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