Rates and Charges
Services for individuals and legal entities (except credit organizations)
General information
These Charges for services rendered by Sberbank's Branch in India (hereinafter - the Branch) to individuals and legal entities, excluding financial institutions (hereinafter - the Charges), regulate the amount of fees charged by the Branch to customers for providing them with services.
Charges are set in the currency of the Republic of India (hereinafter – rupees, INR) or in a foreign currency. Charges set in a foreign currency can be paid by customers in rupees (INR) at the Bank's foreign exchange rate valid at the time of payment of these charges (unless otherwise specified for a specific product / service). On return of funds, which were previously transferred for purchase of Indian Rupees, the following formula should be used for backwards recalculation from India Rupees into Rubles:
The amount of refund in Rubles = the amount of refund in Indian Rupees * (CBR Rate on the date of refund - 0.25% - conversion price discount used in the initial deal). The Ruble amount of refund should not exceed the Ruble amount of initial funds transfer.
Charges for services subject to the Goods and Service Tax (hereinafter - GST) are indicated with the index "GST 18%".
Taxes, fees, duties, unexpected postal, telegraph, telephone expenses and other unexpected expenses are charged at their actual cost.
Product / Service Description | Charges excluding GST | Details |
Domestic transfers | Free of charge |
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International transfers Tax Collection at Source (TCS) on foreign remittance through Liberalised Remittance Scheme (LRS) in a Financial Year (For Sberbank Individual clients (residents only) | ||
Remittance Amount INR | Rate (With PAN) | Rate (Without PAN) |
Individual Customer | - | - |
Individual Customer (Non - Embassy Staff) - Above 700,000 | 5** | At higher rates pursuant to section 206CC of the Income- tax Act, 1961; including for specified persons (i.e., a Non- Filer of Income Tax Return) as per Income Tax department's database |
**In case where the remittance is made in any form under the LRS framework for the purpose of Education (funded by self), Medical, Travel for Education and Travel for Medical during the financial year exceeds INR 7 lakhs, then the Bank will collect Tax Collected at Source (TCS) at the rate of 5% on the net value of INR amount exceeding INR 7 lakhs. And in cases where the remittance is made in any form under the LRS framework for the purpose of pursuing education abroad through an education loan obtained from a financial institution, then the Bank will collect TCS at the rate of 0.5% on the net value of INR amount exceeding INR 7 lakhs. In cases where the remittance is made in any form under the LRS framework for any purpose other than Education (self-funded or not) and Medical during the financial year exceeds INR 7 lakhs, then the Bank will collect the applicable TCS currently at the rate of 20% on the net value of INR amount exceeding INR 7 lakhs. For Purchase of Overseas tour program package applicable TCS currently at the rate 5% till INR 700,000, 20% thereafter. ‘Please note notwithstanding the aforementioned, Taxes will be applied at the prevailing rates as per the latest publications by the relevant tax authority on the date of levy’ | ||
Beneficiary's account at Sberbank | INR 500 GST 18% | Charged for each transfer at the time of the transaction |
Beneficiary's account at other bank | 1% | Charged on the amount for each transfer at the time of the transaction |
Forex rates* |
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With a conversion amount of up to USD 4,000 (inclusively | Card Rates | Card rates applied to the amount at the time of FX transaction |
For conversions equivalent to more than USD 4,000, but with the exclusion of the client group conforming to the terms specified by clause 1.3.2.1 | Negotiable | Individual rates applied to the amount at the time of FX transaction |
For Clients who receive salaries deposited by the Employer (legal entity or financial institution) to accounts opened in the Sberbank Branch in India |
| Calculated on the day of customer requesting the service, as per below: |
Chequebook charges | ||
Chequebook issuance (25 leaves) | INR 150 GST 18% | Charged at the time of issuing the chequebook / cheque return / stop payment initiated by the client. The first chequebook issuance is free of charge |
Chequebook issuance (50 leaves) | INR 300 GST 18% | Charged at the time of issuing the chequebook / cheque return / stop payment initiated by the client. The first chequebook issuance is free of charge |
Cheque return / stop payment charges | INR 300 GST 18% | Charged at the time of issuing the chequebook / cheque return / stop payment initiated by the client. The first chequebook issuance is free of charge |
Foreign Inward Remittance Certificate (FIRC) | INR 500 GST 18% | Charged for each issued certificate at the time of transfer of the certificate to the client |
Account Closure Certificate (ACC) | Free of charge |
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TDS on Cash Withdrawal above INR 20 lakh in one Financial year when ITR is not filed for last 3 financial years | 2% on amount exceeding INR 20 lakh and up to or equal to 100 lakh + 5% on amount exceeding INR 100 lakh / | Сharged at the time of withdrawal from the client's account from an amount exceeding INR 20 lakh |
TDS on Cash Withdrawal above INR 100 lakh in one Financial year when ITR is filed for last 3 financial years | 2% on amount exceeding INR 100 lakh | Сharged at the time of withdrawal from the client's account from an amount exceeding INR 100 lakh |
SMS Alerts | Free of charge |
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E-Statement | Free of charge |
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* All foreign exchange transactions are subject to FEMA 1999, RBI Master Directions and applicable KYC regulations.
Customer must provide valid FEMA purpose code for all foreign exchange transactions.
Product / Service Description | Charges excluding GST | Details |
Outward remittance (Import) |
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Remittance from client`s account opened with Sberbank Branch in India | INR 600 GST 18% | Charged for each transfer at the time of the transaction |
Remittance from client`s account opened with another bank | INR 1,000 GST 18% | |
Outward remittance (Non-Import) |
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Remittance from client`s account opened with Sberbank Branch in India | INR 1,000 GST 18% | Charged for each transfer from the transfer amount at the time of the transaction |
Remittance from client`s account opened with another bank | INR 1,000 GST 18% | |
Inward remittance (INR) ** |
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For Remittance Value of INR 5,00,000 or above | 2% of the transaction amount; minimum INR 50,000 GST 18% | The fee is charged for international payments which are: The fee is charged from the inward remittance amount before funds are credited to the beneficiary's account |
For Remittance Value of less than INR 5,00,000 | 2% of the transaction amount; minimum INR 10,000 GST 18% | |
Forex Cost |
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Upto USD 50,000 | Card Rates | Card rates applied to the amount at the time of FX transaction |
Above USD 50,000 | Negotiable | Individual rates applied to the amount at the time of FX transaction. |
Foreign Inward Remittance Certificate (FIRC) | INR 500 GST 18% | Charged for each issued certificate at the time of transfer of the certificate to the client. Issuing the certificate to clients having an account with the Branch is free of charge for the purpose of FDI receipts. |
Cash Deposit *** |
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Daily Deposit of up to INR 100,000 (inclusive) | Free of charge |
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Daily Deposit of over INR 100,000 | INR 2 GST 18% per INR 1,000 deposited | Сharged once at the time of depositing or crediting money to the client's account for an amount exceeding INR 100,000 |
TDS on Cash Withdrawal above INR 20 lakh in one Financial year when ITR is not filed for last 3 financial years / TDS | 2% on amount exceeding INR 20 lakh and upto or equal to 100 lakh + 5% on amount exceeding INR 100 lakh | Сharged at the time of withdrawal from the client's account for an amount exceeding INR 20 lakh |
TDS on Cash Withdrawal above INR 100 lakh in one Financial year when ITR is filed for last 3 financial years | 2% on amount exceeding INR 100 lakh | Сharged at the time of withdrawal from the client's account for an amount exceeding INR 100 lakh |
Chequebook charges |
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Chequebook issuance (25 leaves) | INR 150 GST 18% | Charged at the time of issuing the chequebook / cheque return / stop payment initiated by the client. The first chequebook issuance is free of charge |
Chequebook issuance (50 leaves) | INR 300 GST 18% | |
Cheque return / stop payment charges | INR 300 GST 18% | |
Account Closure Charges |
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Within 12 months of account opening | INR 1,000 GST 18% | Charged at the time of account closure |
After 12 months of account opening | INR 500 GST 18% | Charged at the time of account closure |
Within 12 months of account opening | Nil | In case the Bank initiates closure of the account |
After 12 months of account opening | Nil | In case the Bank initiates closure of the account |
SMS Alerts | Free of charge |
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E-Statement | Free of charge |
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** If Sberbank PJSC is involved in the cross-border payment route, there is no commission charged at one percent rate.
If Sberbank PJSC is absent from the cross-border payment route, then a fee applies equal to whichever is higher between minimum fee value or 2% with no maximum limit. Please convey this information to your Russian counterparty to avoid unnecessary overpayment of fees.
*** Cash transactions are subject to RBI Cash Transaction Reporting and AML guidelines.
Product / Service Description | Charges excluding GST | Details |
Export bills for collection | Negotiable | Charged once after the Bank sends the documents to the Collecting Bank. 1) If the payment request is nominated in Indian rupees - the fee is charged in Indian rupees 2) If the payment request is nominated in convertible currency - the fee is charged in Indian rupees at the Bank's Internal Rate |
Return of export bills for collection | INR 3,000 GST 18% | Сharged at the time of return of the documents |
FEMA Services |
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Application for bill regularization via Internet Banking by a client having an account with Sber India |
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Application | 0,1% min INR 500 GST 18%, max INR 10,000 GST 18% | Charged at the time of bill closure on the total amount of invoices. |
Application plus Knock-off (Sber India to other Indian Banks) | 0,1% min INR 500 GST 18%, max INR 10,000 GST 18% plus 0,3% min INR 5,000 GST 18% | Charged at the time of bill closure on the total amount of invoices. International payments are remitted using vostro accounts opened with Sberbank Branch in India and credited to the beneficiary's account opened with another bank in India. If both tariffs 3.1.3.1.2. and 3.1.3.1.3. can be applied, the maximum tariff will be charged. |
Application plus Knock-off (other Indian Banks to Sber India) | 0,1% min INR 500 GST 18%, max INR 10,000 GST 18% plus 0,5% min INR 5,000 GST 18% | Charged at the time of bill closure on the total amount of invoices. International payments are remitted without using vostro accounts opened with Sberbank Branch in India and credited to the beneficiary's account opened with Sberbank Branch in India. If both tariffs 3.1.3.1.2. and 3.1.3.1.3. can be applied, the maximum tariff will be charged. |
Application for bill regularization via Sber India Branch by a client having an account with Sber India |
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Application | 0,5% min INR 2,000 GST 18% | Charged at the time of bill closure on the total amount of invoices. |
Application plus Knock-off (Sber India to other Indian Banks) | 0,5% min INR 2,000 GST 18% plus 0,3% min INR 5,000 GST 18% | Charged at the time of bill closure on the total amount of invoices. International payments are remitted using vostro accounts opened with Sberbank Branch in India and credited to the beneficiary's account opened with another bank in India. If both tariffs 3.1.3.2.2. and 3.1.3.2.3. can be applied, the maximum tariff will be charged. |
Application plus Knock-off (other Indian Banks to Sber India) | 0,5% min INR 2,000 GST 18% plus 0,5% min INR 5,000 GST 18% | Charged at the time of bill closure on the total amount of invoices. International payments are remitted without using vostro accounts opened with Sberbank Branch in India and credited to the beneficiary's account opened with Sberbank Branch in India. If both tariffs 3.1.3.2.2. and 3.1.3.2.3. can be applied, the maximum tariff will be charged. |
Application by a client not having an account with Sber India | 1% min INR 10,000 GST 18% | Charged at the time of bill closure on the total amount of invoices. |
Other FEMA Services |
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Export Bill Write off Cases in EDPMS | INR 2,000 GST 18% | Charged at the time of sending the report once for each report. |
Extension of time beyond stipulated period of realization from the date of export (ETX) | INR 2,000 GST 18% | Charged at the time of granting the extension once for each payment. |
Product / Service Description | Charges excluding GST | Details |
Import Bills under collection | Negotiable | charged at the time of releasing the documents to the client. |
Return of import bills under collection | INR 3,000 GST 18% | charged at the time of return of the documents |
Advance Remittance | 0,125%; min INR 2,000 GST 18% , max INR 10,000 GST 18% | Charged during the time of payment , for the payment amount |
Direct Import Bills received for Regularization | 0,125%; min INR 2,000 GST 18% , max INR 10,000 GST 18% | Charged at the time of funds transfer from the invoice amount. |
Import Bill Write off Cases ( IDPMS) | INR 2,000 GST 18% | Charged at the time of sending the report, once for each report |
Extension of time beyond stipulated period of realization from the date of import (ITX) | INR 2,000 GST 18% | Charged at the time of granting the extension, once for each payment. |
Product / Service Description | Charges excluding GST | Details |
Letter of Credit Issuance | Negotiable1 | Сharged at the time of issuing the letter of credit in accordance with the terms of agreement. - commission demand is issued in Indian rupees 2) If commission amount is nominated in convertible currency - commission demand is issued in Indian rupees at the Card rate |
Letter of Credit Amendment |
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Amendment of the amount or validity period | Negotiable | Сharged at the time of issuing the amendment to letter of credit for each correction |
Others | INR 5000 GST 18% | Charged at the time of issuing the amendment for each correction |
Letter of Credit cancellation | INR 1,800 GST 18% | Charged at the time of cancellation the letter of credit |
Letter of Credit
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Letter of Credit Advising & Amendments |
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Letter of Credit Advising |
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Applicable for Letter of Credit issued via Authenticated Channel | 0.30% on amount with min USD 300, max USD 600 GST 18% | Charged before advising
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Applicable for Letter of Credit issued on hard copy format | Negotiable | Charged before advising |
Letter of Credit Amendment Advising |
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Applicable for Letter of Credit Amendment issued via Authenticated Channel | 1. 0.30% on the amount of LC increase, min USD 100, Max USD 600 Plus GST | Charged before advising |
Applicable for Letter of Credit Amendment Advising issued on hard copy format | Negotiable | Charged before advising |
Letter of Credit Confirmation | Confirmation charges2 + Advising Charges + Bill Collection Charges | Payable by the issuing bank within 5 working days after receiving commission claim |
Product / Service Description | Charges excluding GST | Details |
Letter of Credit Issuance | Negotiable1 | Сharged at the time of issuing the letter of credit in accordance with the terms of agreement. 1) If commission amount is nominated in Indian rupees - commission demand is issued in Indian rupees 2) If commission amount is nominated in convertible currency - commission demand is issued in Indian rupees at the Card rate |
Letter of Credit Amendment |
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Amendment of the amount or validity period | Negotiable | Сharged at the time of issuing the amendment to letter of credit for each amendment |
Others | INR 5000 GST 18% | Сharged at the time of issuing the amendment to letter of credit for each amendment |
Discrepancy Charges Inland Letter of Credit | INR 3,000 GST 18% | Charged at the time the discrepancy is established for each invoice. |
Letter of Credit cancellation | INR 1,800 GST 18% | Charged at the time of cancellation the letter of credit. |
Product / Service Description | Charges excluding GST | Details |
Bank Guarantee Issuance | Negotiable1 | Сharged at the time of issuing the Bank Guarantee in accordance with the terms of agreement. 1) If commission amount is nominated in Indian rupees - commission demand is issued in Indian rupees 2) If commission amount is nominated in convertible currency - commission demand is issued in Indian rupees at the Card rate |
Amendment to the Bank Guarantee |
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Amendment of the amount or validity period | Negotiable | Сharged at the time of issuing the amendment for bank guarantee for each amendment |
Others | INR 5,000 GST 18% | Сharged at the time of issuing the amendment for bank guarantee for each amendment |
Invocation of Bank Guarantee | INR 5,000 GST 18% | Charged at the time of payment under the guarantee |
Bank Guarantee cancellation | INR 1,000 GST 18% | Charged at the moment of cancellation of the Bank guarantee (before the expiry date) |
Bank Guarantee Advising |
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Applicable for Bank Guarantees via Authenticated Channel | 0.30% on amount with min USD 400; max USD 1,000 GST 18% | Charged before issuing advising |
Applicable for Bank Guarantees issued on hard copy format | Negotiable | Charged before issuing advising |
Advising of Bank Guarantee Amendment | USD 400 GST 18% | Charged before issuing advising |
Fixed Deposit Rates | ||||
Tenor | Less than INR 3 crore | INR 3 crore to less than INR 10 crore | INR 10 crore to INR 100 crore | More than INR 100 crore |
07 - 14 Days | 0.25% | 3.75% | 3.75% | 3.75% |
15 - 30 Days | 0.50% | 4.75% | 4.75% | 4.75% |
31 - 90 Days | 0.75% | 4.75% | 7.00% | 4.75% |
91 - 180 Days | 1.00% | 4.75% | 7.00% | 4.75% |
181 - 240 Days | 1.25% | 4.75% | 7.00% | 4.75% |
241 Days to less than 1 Year | 1.25% | 4.50% | 7.00% | 4.50% |
1 Year to less than 2 Years | 2.70% | 4.00% | 7.00% | 4.00% |
2 Years to less than 3 Years | 2.75% | 4.00% | 7.00% | 4.00% |
3 Years to less than 5 Years | 2.75% | 4.00% | 4.00% | 4.00% |
5 Years to less than 10 Years | 2.75% | 4.00% | 4.00% | 4.00% |
Product / Service Description | Charges excluding GST | Details |
Issuance of GR Waiver | INR 2,000 GST 18% | Сharged at the time of issuance of a GR Waiver |
Permission for establishment Liaison office/Branch Office/Project office | Negotiable | Charged to a non-resident after sending the client permission to open a representative office/branch/project office with a unique identification number. The payment request is issued in USD/EUR/RUB at the Bank's internal rate. |
Foreign currency control for Liaison office / Branch Office / Project office (applicable for foreign companies) | INR 10,000 + 18% GST | Charged monthly, not later than the last day of the calendar month regardless of the number of operations |
SWIFT Charges |
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For Documentary Communication | INR 1,000 GST 18% |
Charged at the time of sending the message, for each message |
For any other messages | INR 500 GST 18% | |
SFMS3 Charges (other than NEFT4/RTGS5) | INR 500 GST 18% | Charged at the time of sending the message, for each message |
NEFT4/RTGS5 | Free of charge |
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Issuance of Bank Realization Certificate | INR 150 GST 18% |
Charged at the time of certificate issuance for each document |
Issuance of Authorised Dealer code letter ( AD code letter ) | INR 500 GST 18% | |
Issuance of No Objection Certificate | INR 500 GST 18% | |
Issuance of Balance Confirmation Certificate | INR 200 GST 18% | |
Foreign Investment Reporting(FCGRP ) | INR 3,000 GST 18% | Charged at the time of report submission |
Import-Export Code letter | INR 500 GST 18% | Charged at the time of issuing the letter |
Online business mission organization | Negotiable | Payable by the customer within 5 working days after issuance invoice |
Transfer of existing Unique Identification Number/ Loan Registration Number to other AD Bank | INR 10,000 GST 18% | Charged at the time of issuing NOC for transfer |
Misc. Letter to Regulatory Authority (Reserve Bank of India) | INR 2,000 GST 18% | Charged at the time of issuing the letter |
Transfer of funds from EEFC account to EEFC account in other bank account of same company | Free of charge |
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