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

Schedule of
Service Charges

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

1 Savings Account

Monthly

If daily balance falls below 0.500 0.025 0.525

OMR 100
1.1 Account minimum
balance fees Salary below OMR 500 per month Nil Nil Nil

Account purpose to receive Nil Nil Nil

pension or other social support
allowance being granted by the
Government

Foreign currency
1.2 Account minimum If daily balance falls below 0.500 0.025 0.525
balance fees equivalent of OMR 100

At agreed N/A At agreed

1.3 Interest*
rate rate

2 Current Account

If daily balance falls below

0.500 0.025 0.525
OMR 200

Salary below OMR 500 per Nil Nil Nil

month
Account minimum
2.1 balance fees
Account purpose to receive Nil Nil Nil
pension and other social support
allowance being granted by the
Government

Foreign currency
2.2 Account minimum If daily balance falls below 0.500 0.025 0.525
balance fees equivalent of OMR 200

Bank Charges
in OMR

10 leaves 1.000 0.050 1.050

2.3 Cheque Book 25 leaves 2.000 0.100 2.100

Request Charges 50 leaves 3.000 0.150 3.150
100 leaves 5.000 0.250 5.250

Returned for Insufficient funds 15.000 0.750 15.750

2.4 Cheque Return
Charges
Returned for other reasons 10.000 0.500 10.500

Stop payment of Per instruction (Single or Bunch 5.000 0.250 5.250

2.5
cheques request of cheques) for a day

Handling or post Dated 5.000 0.250 5.250

2.6 Post Dated Cheques
Cheques (Per/ Cheque)

Removing Name Individual 10.000 0.500 10.500

2.7 from Regulatory
Caution list Corporate 20.000 1.000 21.000

3 Call Account

Call Account If daily balance falls below Monthly

3.1 minimum balance
fees
OMR 1,000 2.000 0.100 2.100

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

AED AED AED

AED 10,000 50.000 2.500 52.500
USD USD USD
Call Account USD 2,000 20.000 1.000 21.000
minimum balance
fees GBP GBP GBP
GBP 2,000 15.000 0.750 15.750
EUR EUR EUR
EUR 2,000 20.000 1.000 21.000
Above minimum balance fees are approximate and subject to daily exchange rate
variation. Other foreign currency call accounts not mentioned above have minimum
balance and associated fees in line with OMR call account.

3.2 Interest* At agreed N/A At agreed

rate rate

4 Other product specific Account minimum balance fees

Product / Segment Account minimum balance fees

particulars.Charged per month

4.1 Child/Minor/Shababi Account minimum balance fees Nil Nil Nil

Saving Account

Al Jawhar Non maintenance of eligibility 5.000 0.250 5.250

4.2 Membership charges criteria

4.3 Asalah Membership Non maintenance of eligibility 20.000 1.000 21.000

charges criteria

Private Banking Non maintenance of eligibility

4.4 Membership charges criteria 50.000 2.500 52.500

Account minimum If daily balance falls below 2.000 0.100 2.100

4.5 balance fees for OMR 500
Najahi

5 Other Services

If account active more than Nil Nil Nil

1 year
5.1 Account Closure
If account closed within 1 year 3.000 0.150 3.150

If account has the minimum

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

Monthly (Saving Account). 5.000 0.250 5.250

Charges in per annum
Manual Bank
Statement (other Weekly (Saving Current Account).
5.3 20.000 1.000 21.000
than normal 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

Liability Certificate Issuing Customer Liability

5.6 Certificate (CLC)/No Objection 2.000 0.100 2.100
charges
Certificate (NOC)
5.7 Other Certificate 2.000 0.100 2.100
Charges

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

Commission for Cash Bank

withdrawal in Foreign 1% +5% VAT
5.8 charger +
Currency (subject
to availability of 5% VAT
currency)

6 Safe Deposit Lockers

6.1 Deposit (Refundable) 100.000 N/A 100.000

Safe Locker Locker Type Branches (Individual & Corporate) Per Annum

Small Size 50.000 2.500 52.500

Medium Size 80.000 4.000 84.000
Large Size 120.000 6.000 126.000

Extra Large Size 150.000 7.500 157.500

Head Office (Individual) Per Annum

Charges Annually Small Size 120.000 6.000 126.000

6.2
(Not Refundable) Medium Size 200.000 10.000 210.000
Large Size 300.000 15.000 315.000
Head Office (Corporate) Per Annum
Small Size 150.000 7.500 157.500
Medium Size 250.000 12.500 262.500
Large Size 300.000 15.000 315.000

7 Salary Processing

1-25 records 5.000 0.250 5.250

Manual Salary From 26 to 99 records 10.000 0.500 10.500

7.1 Processing
Above 99 records 20.000 1.000 21.000

Online Bulk File upload NIL

8 Fixed Deposits

8.1 Interest* At agreed rate N/A

8.2 Premature Interest rate for Premature Prevailing N/A Prevailing

Withdrawal* Withdrawal Interest rate Interest rate
applicable at applicable at
the time of the time of
origination for origination for
the completed the completed
deposit period, deposit period,
reduced by 1% reduced by 1%

9 Themaar Savings Plan

9.1 Themaar Saving At agreed rate 1% less than N/A 1% less than
Plan Interest* Fixed Deposit Fixed Deposit
rate rate
Less than 1 year, no interest 5.000 0.250 5.250
payment
Pre closure of Prevailing Prevailing
Themaar Saving Plan Interest rate Interest rate
9.2 More than 1 year Interest* N/A
applicable applicable
Cancellation for the for the
completed completed
deposit period deposit period
reduced by 1% reduced by 1%

More than 1 year fees 3.000 0.150 3.150

No interest
Less than 1 year* No interest N/A
payment payment
Pre closure of
Themaar plans Prevailing N/A Prevailing
9.3 More than 1 year* Interest rate Interest rate
(Retirement, Higher applicable applicable
Education) for the for the
completed completed
deposit period deposit period
reduced by 1% reduced by 1%

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

10 Debit Card
First Card Issuance Fees Nil Nil Nil
Visa Debit Card Additional Card Issuance Fees 2.000 0.100 2.100
(for individual
10.1 accounts) Annual Fees 1.000 0.050 1.050
For technical reasons Nil Nil Nil
Replacement
For lost / stolen / damaged 2.000 0.100 2.100

New Card Issuance Fees 2.000 0.100 2.100

Najahi Debit Card
for Business Annual Fees 2.000 0.100 2.100
accounts
10.2 Additional Card Issuance Fees 2.000 0.100 2.100
For technical reasons Nil Nil Nil
Replacement
For lost / stolen / damaged 2.000 0.100 2.100

Account Balance Inquiry Fees Nil Nil Nil

within Bank Muscat ATM

Account Balance Inquiry Fees 0.050 0.003 0.053

within other Banks ATM in Oman
10.3 ATM Transactions
(Balance Inquire) Account Balance Inquiry Fees 0.300 0.015 0.315
within other Banks ATM in GCC

Account Balance Inquiry Fees

within international Banks ATM Nil Nil Nil

Cash withdrawal within Bank Nil Nil Nil

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

Cash withdrawal within

international Banks ATM 1.500 0.075 1.575

10.5 Foreign Exchange Markup Fees* (Non-GCC Net Transaction) 2.5% 2.5% 2.5%

OmanNet Account to Per transaction charges to Sender

10.6 0.200 0.010 0.210
Account Transfer to OmanNet Debit Card

10.7 Courier Delivery Fee OMR 1.250 + 5% VAT

11 Prepaid Card

Issuance Fees 2.000 0.100 2.100

Replacement Card Fees 5.000 0.250 5.250

Annual Maintenance Fees 1.000 0.050 1.050

Recharge / Reload Fees 0.100 0.005 0.105

Account Balance Inquiry Fees within other Banks ATM in 0.100 0.005 0.105
Oman
11.1 ATM Cash Withdrawal Oman Net 0.100 0.005 0.105

ATM Cash Withdrawal GCC Net 0.800 0.040 0.840

ATM Cash Withdrawal International Fees 1.500 0.075 1.575

GCC Net ATM Balance Inquiry Fees 0.300 0.015 0.315

Cancellation Fees Nil Nil Nil

Courier Delivery Fee OMR 1.250 + 5% VAT

Refund Fees 1.000 0.050 1.050

Foreign Exchange (For all International 2.5% N/A 2.5%

Markup Fees Transactions)

F062 *Non-GCC Net Transaction

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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

Dormant/ In-Active
Per Month 2.000 0.100 2.100
Accounts

12 Shukran Prepaid Card

Issuance Fees 3.000 0.150 3.150

Annual Maintenance Fees 2.000 0.100 2.100

Replacement Card Fees 2.000 0.100 2.100

Cancellation Fees 0 0 0

Recharge / Reload Fees 0.100 0.005 0.105

Refund Fees 1.000 0.050 1.050

12.1
Account Balance Inquiry Fees within other Banks ATM
0.100 0.005 0.105
in Oman

ATM Cash Withdrawal Fees International 1.500 0.075 1.575

ATM Cash Withdrawal Fees GCCNet 0.800 0.040 0.840

GCC Net ATM Balance Inquiry Fees 0.300 0.015 0.315

ATM Cash Withdrawal Fees OmanNet 0.100 0.005 0.105

Foreign Exchange (For all International 2.5% N/A 2.5%

Markup Fees Transactions)

Dormant/ In-Active
Accounts
per month 2.000 0.100 2.100

Courier Delivery Fee OMR 1.250 + 5% VAT

13 Multicurrency Prepaid Card

Issuance Fees 2 0.1 2.1

Annual Maintenance Fees 1 0.05 1.05

Replacement Card Fees 5 0.25 5.25

Cancellation Fees 0 0 0

Recharge / Reload Fees 0.1 0.005 0.105

Refund (un-load) Fees 1 0.05 1.05

13.1 ATM Cash Withdrawal Fees International 1.5 0.075 1.575

ATM Cash Withdrawal Fees GCCNet 0.8 0.04 0.84

GCC Net ATM Balance Inquiry Fees 0.3 0.015 0.315

ATM Cash Withdrawal Fees OmanNet 2 0.1 2.1

Dormant/ In-Active Accounts (Per month) 2 0.1 2.1

Foreign Exchange 2.5% N/A 2.5%

(For all International Transactions)
Markup Fees

Courier Delivery Fee OMR 1.250 + 5% VAT

F062 *Non-GCC Net Transaction

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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

14 Remittances

Issuance Fees 2.000 0.100 2.100

14.1 Pay Order Stop payment 5.000 0.250 5.250

Cancellation 2.000 0.100 2.100

Issuance Fees 2.000 0.100 2.100

Draft (Foreign Stop payment, Correspondent

14.2 3.000 0.150 3.150
currency) Bank charges extra on actual

Cancellation at Bank’s buying rate 2.000 0.100 2.100

Real Time Gross Settlement

4.250 0.213 4.463
(RTGS) Local / (AFAQ - GCC)

Automated Clearing House (ACH)

1.000 0.050 1.050
Local
Outward Payment
14.3
Charges
Swift - Charges shared between
5.000 0.250 5.025
remitter and receiver (SHA)

Swift - Full charge on remitter

15.000 0.750 15.750
(OUR)

14.4 Mail Transfer 1.000 0.050 1.050

Setup Nil Nil Nil

14.5 Standing Instruction Between Bank account for same

client or child account Nil Nil Nil

Within bank muscat accounts 0.500 0.025 0.525

Automated Clearing House

1.000 0.050 1.050
(ACH) Local

Standing Instruction Real Time Gross Settlement

14.6 4.250 0.213 4.463
payment transfer (RTGS) Local / (AFAQ - GCC)

Swift - Charges shared between

5.000 0.250 5.250
remitter and receiver (SHA)

Swift - Full charge on remitter

15.000 0.750 15.750
(OUR)

Remittances to India/ Philippines/

Srilanka/ Pakistan/ Bangladesh/ 1.500 0.075 1.575
Egypt in respective currencies

INR Remittances to India (IMPS) 2.000 0.100 2.100

Speed Transfers
14.7
International
Transfers through Remit App -
India/ Pakistan/ Bangladesh in 1.000 0.050 1.050
respective currencies

Inquiries/Investigation Fees 5.000 0.250 5.250

Bank Muscat Customer Fees Nil Nil Nil

Non Bank Muscat customer to

5.000 0.250 5.250
Local Banks
Inward Swift
Transfer Non Bank Muscat customer to
14.8 International Bank + Other Bank 10.000 0.500 10.500
OMR Payment
(VOSTRO) charges on actual

Amendment 15.000 0.750 15.750

Cancellation 15.000 0.750 15.750

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

Bank Muscat Customer Fees Nil Nil Nil

Non Bank Muscat customer to

5.000 0.250 5.250
Local Banks
Inward Swift Transfer
Foreign Currency Non Bank Muscat customer to
14.9 10.000 0.500 10.500
FCY Payment International Banks
(NOSTRO)
Amendment 15.000 0.750 15.750

Cancellation 15.000 0.750 15.750

Mobile Banking

Send via mobile

Transfer to local bank/Wallet 0.100 0.005 0.105
number/Alias/QR

14.10 Accept collect mon-

ey request (mobile Transfer to local bank/Wallet 0.100 0.005 0.105
number & Alias)

Send/Collect within Transfer within Bank Muscat

Nil Nil Nil
Bank Muscat / Wallet

15 Collections

15.1 Cheques for collection Other GCC Currencies 10.000 0.500 10.500

Bank Muscat Customers Nil Nil Nil

Vostro Cheque
15.2 Payment
Non Customers 5.000 0.250 5.250

Vostro in case returned

15.3 for insufficient funds Bank Muscat Customers 15.000 0.750 15.750

Finance Co. As per As agreed

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

16 Bill Collection (OIFC, Ooredoo, etc.)

Charges per bill Pyment through Call Centre/ ATM/ Nil Nil Nil
16.1 Cash Deposit Machine/Branch

16.2 Cash Payment at

branch counter Bank Muscat Account Holders Nil Nil Nil

LOAN PRODUCTS & CREDIT CARDS

17 Consumer Loan, Housing Loan Baituna, Auto Loans

17.1 Interest* As per N/A As per

agreed rate agreed rate

17.2 Processing Fees 25.000 1.250 26.250

Special deferment 5.000 0.250 5.250

17.3
other than Eid

Pre-payment of
17.4 outstanding loan On amount prepaid 1% 0.050% 1.050%
before due date

17.5 Rescheduling of Loan 5.000 0.250 5.250

17.6 Top up loan processing 5.000 0.250 5.250

17.7 Overdue Interest* On overdue amount and for 1% Over N/A 1% Over
overdue period only agreed rate agreed rate

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

Housing Loan Baituna

As per N/A As per

17.8 Interest*
agreed rate agreed rate

17.9 Processing Fees 50.000 2.500 52.500

Pre-payment of
17.10 outstanding loan on amount prepaid 1% 0.050% 1.050%
before due date

17.11 Overdue Interest* On overdue amount and for 1% over N/A 1% over
overdue period only agreed rate agreed rate

Auto Loans

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

17.13 Processing Fees 25.000 1.250 26.250

Pre-payment of
17.14 outstanding loan on amount prepaid 1% 0.050% 1.050%
before due date

17.15 Overdue Interest* On overdue amount and for 1% over N/A 1% over
overdue period only agreed rate agreed rate

0.05% flat min 0.003% min 0.053% min

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

18 Persons with Disabilities

Discount of 0.25% on the applicable As per N/A As per

18.1 Loan Interest Rate prevailing rate agreed rate agreed rate

Auto Loan 12.500 0.625 13.125

Consumer Loan 12.500 0.625 13.125

Processing Fees Top Up Consumer Loan 2.500 0.125 2.625

18.2 for Persons with
Disabilities Housing Loan Baituna 25.000 1.250 26.250

Loan Restructuring 2.500 0.125 2.625

Loan Prepayment N/A N/A N/A

19 Waqar Loan for Pensioner

19.1 Interest for Pensioners Discount of 0.25% on the applicable As per N/A As per
(New Loan) prevailing rate agreed rate agreed rate

Auto Loan 25.000 1.250 26.250

Consumer Loan 25.000 1.250 26.250

Top Up Consumer Loan 5.000 0.250 5.250

19.2 Processing fees Housing Loan Baituna 50.000 2.500 52.500

Loan Restructuring 15.000 0.750 15.750

Loan Prepayment N/A N/A N/A

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

20 Credit Card

Retail Credit Cards (Segment)

Visa Gold/Premier (Primary) 15 0.75 15.75

Supplementary 5 0.25 5.25

LuLu Bank Muscat Mastercard

20 1 21
Titanium (Primary)

Supplementary 10 0.5 10.5

Bank Muscat Oman Air Visa

40 2 42
Platinum (Primary)

Supplementary 10 0.5 10.5

20.1
Annual Fee Al Jawhar Visa Platinum (Primary) 30 1.5 31.5

Supplementary 15 0.75 15.75

Asalah Visa Signature (Primary) 50.000* 2.500* 52.500*

Supplementary 20.000* 1.000* 21.000*

Private Banking Visa Infinite

FREE FREE FREE
(Primary)

Supplementary FREE FREE FREE

*First Year free

Retail Credit Cards (Non- Segment)

Visa Gold/Premier (Primary) 15 0.75 15.75

Supplementary 5 0.25 5.25

LuLu Bank Muscat Mastercard

20 1 21
Titanium (Primary)

Supplementary 10 0.5 10.5

Bank Muscat Oman Air Visa

40 2 42
Platinum (Primary)

20.2 Supplementary 10 0.5 10.5

Annual Fee
Al Jawhar Visa Platinum (Primary) 40 2 42

Supplementary 20 1 21

Asalah Visa Signature (Primary) 50 2.5 52.5

Supplementary 20 1 21

Private Banking Visa Infinite

120 6 126
(Primary)

Supplementary 35 1.75 36.75

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

Corporate Credit Cards

Visa Corporate Business 30 1.5 31.5

Visa Corporate Standard 25 1.25 26.25

20.3
Visa Corporate Pre-Load (private
Annual Fee 10 0.5 10.5
sector)

Visa Corporate Pre-Load (govern-

N/A N/A N/A
ment sector)

Visa Corporate Purchasing 10 0.5 10.5

Additional Fees for Retail and Corporate Credit Cards

Interest* 18% per annum

Replacement (Lost/stolen/damaged card) 10 0.5 10.5

As
3% or applicable
Cash Advance Fees (whichever is higher) 5%
OMR3
+ 5% VAT

20.4 Late Payment Fee (Charge per month) 5 0.25 5.25

Over Credit Limit Fees (Irrespective of the Overdrawn

5 0.25 5.25
amount)

Copy of Sales Voucher Per voucher (applicable only to

3 0.15 3.15
disputed transactions)

Foreign Exchange 2.5% N/A 2.5%

(For all International Transactions)
Markup Fees

Courier Fee 1.25 0.06 1.31

Najahi Credit Cards

Najahi Credit Card 25 1.25 26.25

Issuance Fee
Najahi Pre-Load Card Nil Nil Nil

Annual Fee Najahi Credit Card 25 1.25 26.25

(from 2nd year
onwards) Najahi Pre-Load Card 5 0.25 5.25

20.5 Interest 18% per annum

Replacement (Lost/ stolen/ damaged cards) 10 0.5 10.5

Late payment fee (charge per month) 25 1.25 26.25

Over Credit Limit Fees 10 0.5 10.5

Foreign Exchange Markup Fees 2.00%

Courier Fee 1.25 0.06 1.31

21 Credit Administration

21.1 Registration of 25.000 1.250 26.250

Legal Mortgage

Creation or Renewal
21.2 of Commercial 100.000 5.000 105.000
Mortgage

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

21.3 Release of Legal 50.000 2.500 52.500

Mortgage

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

*Non-GCC Net Transaction

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

21.6 Documentation 250.000 12.500 262.500

Charges

0.05% of 1.05% of
Sanction of 1% of Total amount. Minimum 1% of Total
Total Total
21.7 New Loans OMR 250 amount.
Min 250.000 Amount Amount
Min 12.500 Min 262.500

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

Capital Capital Capital

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

0.1% of new/ 0.005% of 0.105% of

Sanction of New/ enhanced new/ new/
Enhancement in
21.10 facility enhanced enhanced
Working Capital amount facility amount facility amount
Facilities subject to Min
OMR 250.000
subject to Min
OMR 12.500
subject to Min
OMR 262.500

21.11 Charges for Transactions / Services

21.12 Issue of STL/Rollover 10.000 0.500 10.500

of STL

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

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

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

21.15 Interchangeability 25.000 1.250 26.250

of limits

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

21.17 Temporary release of Charges on per release 10.000 0.500 10.500

securities

Delay in return of the

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

21.19 Permanent release of 50.000 2.500 52.500

securities

OMR OMR
OMR 1.250
Non submission of 25.000 26.250
21.20 p.m. or
p.m. or
p.m. or
audit reports by due part
dates part part
thereof
thereof thereof

Charges for delay in On a case to case basis 10.000 0.500 10.500

21.21 submission of
progress reports

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

Waiver of Standard Charges per annum 25.000 1.250 26.250

Security condition
21.22
(Valuation, Insurance
etc.)

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

22 Global Trade Services

22.1 Letter of Credit

22.2 Import L/C

(Min period (Min period (Min period

3 months) + 3 months) + 3 months) +
Swift Swift Swift
charges- charges - charges -
22.3 Opening Commission 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

22.4 Swift Charges Brief 12.000 0.600 12.600

Postage 2.000 0.100 2.100

Gulf Countries 20.000 1.000 21.000

22.5 Courier
Others 25.000 1.250 26.250

23 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 -
23.1 Commission Swift 10.000 0.500 10.500

Postage 2.000 0.100 2.100

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

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

Acceptance

Commission Commission Commission

22.3 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

23.4 Cancellation of Commission + swift charges 10.000 0.500 10.500

Unutilised L/C (if any)

On negotiation covered through

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

Discrepant Documents
23.6 Fees (payable by the Actual out of pocket expenses USD USD USD
beneficiary) (Swift cost, etc.) 100.000 5.000 105.000

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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

0.125% per 0.006% per 0.131% per

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

24 Export L/C

24.1 Advising L/C

24.2 Pre Advice Commission 10.000 0.500 10.500

24.3 Final Advice Commission 10.000 0.500 10.500

Advising
24.4 Amendments Commission 8.000 0.400 8.400

Commission may vary (plus or As per As agreed

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

Commission 0.013% flat Commission

0.25% flat 0.263% flat
24.6 Sight L/C Commission Min OMR
Min OMR
Min OMR
1.000
20.000 21.000

Commission Commission Commission

0.5%% flat 0.25% flat 0.525% flat
24.7 Usance L/C Commission Min OMR Min OMR Min OMR
20.000 1.000 21.000

Commission - minimum + actual As per As agreed

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

Negotiation and Commission Commission Commission

Acceptance (Other Commission - 5% flat - 0.25% flat - 5.25% flat
24.9 Min OMR Min OMR Min OMR
Banks) 20.000 1.000 21.000

Reimbursement commission 15.000 0.750 15.750

25 Export Bills Discounting

25.1 Interest* 10.75% N/A 10.75%

25.2 Commission Usance bills 0.250% 0.013% 0.263%

GCC countries 20.000 1.000 21.000

25.3 Courier Charges
Other Countries 25.000 1.250 26.250

25.4 Swift Charges 15.000 0.750 15.750

26 Collections

26.1 Documentary bills

0.125% flat 0.006% flat 0.131% flat

Sight Min OMR Min OMR Min OMR
10.000 0.500 10.500

0.25% flat 0.013% flat 0.263% flat

Usance Min OMR Min OMR Min OMR
26.2 Inward / Outward 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

GCC Countries 20.000 1.000 21.000

26.3 Courier
Other Countries 25.000 1.250 26.250

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

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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

27 Guarantees

Per month
(Min. 3 0.006% p.m. 0.131% p.m.
27.1 Tender bonds (Bid Commission months) Min OMR Min OMR
bonds) 0.125% Min 1.000 21.000
OMR 20.000

Per month
(Min. 3 0.006% p.m. 0.131% p.m.
27.2 Performance bonds Commission months) Min OMR Min OMR
0.125% Min 1.000 21.000
OMR 20.000

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

Advance Payment Commission months) months) months)
27.3 1.5% p.a 0.075% p.a 1.575% p.a
Guarantee Min OMR Min OMR Min OMR
20.000 1.000 21.000

Commission Commission Commission

Payment & Financial Commission 2.4% p.a 0.120% p.a 2.520% p.a
27.4
Guarantees Min OMR Min OMR Min OMR
20.000 1.000 21.000

Open Ended 0.250% 0.013% 0.263%

27.5 Commission - additional
Guarantees p.a p.a p.a

Shipping Guarantees (For missing Bill of Lading & 10.000 0.500 10.500
27.6
& AWB Guarantees Airway Bills - Margin 100%)

Amendments to
27.7
Guarantees

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

a. (As 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 / 10.000 0.500 10.500

c. additions

27.8 Settlement of Claims 10.000 0.500 10.500

Transmission of
27.9 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

GCC Countries 20.000 1.000 21.000

d. Courier
Other Countries 25.000 1.250 26.250

28 Others

a. Providing 10.000 0.500 10.500

28.1 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 to

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

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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
28.3 15.000 0.750 15.750
Confirmation

On case to +5% VAT As agreed

28.4 Bulk Cash Deposit case basis +5% VAT

29 Merchant Services

Max 1.5% or Bank

OMR 10.000 per +5% VAT
Private sector Merchant transaction
Charges+
5% VAT
whichever is lower.
Max 1% or Bank
Merchant discount rate Government Merchant OMR 5.320 per
transaction
+5% VAT Charges+
whichever is lower. 5% VAT
29.1 for Oman issued debit
card transactions-POS & Txn OMR Bank
Exchange company Merchants value Max
+5% VAT
Tap’N’Go Charges+
on Bank Muscat Debit card 5% VAT
transaction only Up to 0.350
1,000
1,001 – 0.750
5,000
Above
5,000 1.000

As per agreed +5% VAT As agreed +

Merchant discount rate for Private Sector Merchant rate 5% VAT
29.2 other card transactions-
POS & Tap’N’Go Max 1% +5% VAT As agreed +
Government Merchants
5% VAT
Merchant joining,
29.3 monthly,minimum volume Nil Nil Nil
fees-POS & Tap’N’Go
Terminal activation, monthly,
29.4 minimum volume fees-POS Nil Nil Nil
& Tap’N’Go
Max 0.75% or Bank
Private sector Merchant on min 30 Baisa +5% VAT Charges+
Merchant discount rate for transaction value per transaction 5% VAT
29.5 QR/ MPCSS transactions
Max 0.75% or Bank
Government Merchant min 30 Baisa / +5% VAT Charges+
max OMR 1.000 5% VAT
per transaction

29.6 Private Sector Payment Gateway Charges:

Merchant discount Maximum 1.5% +5% VAT Bank

rate for Oman or OMR 10.000 Charges +
per transaction 5% VAT
issued debit card
whichever is
transactions lower

Merchant discount As per agreed +5% VAT As per

rate for other card Rate agreed Rate
+ 5% VAT
transactions
29.7 Government Payment Gateway Charges:

Maximum 1% +5% VAT Bank

or OMR Charges +
Discount rate for 5.320/- per 5% VAT
Oman issued debit transaction
card transactions whichever is
lower

Discount rate Max 1% +5% VAT Bank

for other card Charges +
5% VAT
transactions

29.8 SmartPay Link Charges:

Discount rate for Maximum 1.5% +5% VAT Bank

Oman issued debit or OMR 10.000 Charges +
per transaction 5% VAT
card transactions
whichever is
lower

Discount rate As per agreed +5% VAT As per

for other card Rate agreed Rate
+ 5% VAT
transactions

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 - Bank Muscat reserves the right to change the charges at any given time.
- Inline with Oman Value Added Tax (VAT) law 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.
Notes:
- The above total amount as fees and charges are inclusive of VAT as per the Oman VAT Law.
- Incase 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
Sr No. Charge Particulars
- Bank may treat any financial transaction received after the daily working day cutoff 9PM to next
working day for the calculation of daily balances.
*According to Article 47 of Oman VAT Law, the financial services/ margin based charges are Exempt
from VAT charges.

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F062
Version: 2.5/2025
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