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

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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

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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

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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

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 applicable
for the for the
completed 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%

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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 ATM/Debit Card Foreign Exchange Markup Fees* 2.5% N/A 2.5%

OmanNet Account to Per transaction charges to Sender

10.6 0.200 0.010 0.210
Account Transfer to OmanNet Debit Card

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

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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

Refund Fees 1.000 0.050 1.050

Foreign Exchange On Actual transaction value 2.5% N/A 2.5%

Markup Fees*

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 Transactions) 2.5% N/A 2.5%
Mark-Up Fees

Dormant/ In-Active
Accounts
per month 2.000 0.100 2.100

13 Remittances

Issuance Fees 2.000 0.100 2.100

13.1 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 Bank 3.000 0.150 3.150

13.2 currency) 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
Automated Clearing House (ACH) 1.000 0.050 1.050
Local
Outward Telex
13.3 Charges Charges shared between remitter 5.000 0.250 5.250
and receiver (SHA)
Full charge on remitter (OUR) 15.000 0.750 15.750

Inquiries/Investigation Fees 15.000 0.750 15.750

13.4 Mail Transfer 1.000 0.050 1.050

Setup Nil Nil Nil

13.5 Standing Instruction

Between Bank account for same Nil Nil Nil
client or child account

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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

within bank muscat accounts 0.500 0.025 0.525

Automated Clearing House (ACH) 1.000 0.050 1.050

Local

Standing Instruction Real Time Gross Settlement 4.250 0.213 4.463

Account to Account (RTGS) Local
13.6
transfers
Charges shared between 5.000 0.250 5.250
remitter and receiver (SHA)

Full charge on remitter (OUR) 15.000 0.750 15.750

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

Cancellation 15.000 0.750 15.750

Bank Muscat Customer Fees Nil Nil Nil

Non Bank Muscat customer to 5.000 0.250 5.250

Local Bank
Inward Telex Transfer
13.9 Foreign Currency FCY Non Bank Muscat customer to
10.000 0.500 10.500
Payment (NOSTRO) International Banks

Amendment 15.000 0.750 15.750

Cancellation 15.000 0.750 15.750

13.10 Mobile Banking

Send via mobile number/

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

Accept collect money

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

Send/Collect within Bank Transfer within Bank Muscat / Wallet Nil Nil Nil
Muscat

14 Collections

14.1 Cheques for collection Other GCC Currencies 10.000 0.500 10.500

Bank Muscat Customers Nil Nil Nil

Vostro Cheque
14.2 Payment
Non Customers 5.000 0.250 5.250

Vostro in case returned

14.3 for insufficient funds Bank Muscat Customers 15.000 0.750 15.750

Direct Debit
14.4 Arrangements Per Transaction 1.000 0.050 1.050

Finance Co. As per As agreed

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

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

15 Bill Collection (OIFC, Ooredoo, etc.)

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

15.2 Cash Payment at

branch counter Bank Muscat Account Holders Nil Nil Nil

LOAN PRODUCTS & CREDIT CARDS

16 Consumer Loan, Housing Loan Baituna, Auto Loans

16.1 Interest* As per N/A As per

agreed rate agreed rate

16.2 Processing Fees 25.000 1.250 26.250

Special deferment 5.000 0.250 5.250

16.3
other than Eid

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

16.5 Rescheduling of Loan 5.000 0.250 5.250

16.6 Top up loan processing 5.000 0.250 5.250

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

Housing Loan Baituna

As per N/A As per

16.8 Interest*
agreed rate agreed rate

16.9 Processing Fees 50.000 2.500 52.500

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

16.11 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
16.12 Interest* N/A
agreed rate agreed rate

16.13 Processing Fees 25.000 1.250 26.250

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

16.15 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

16.16 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

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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

17 Persons with Disabilities

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

17.1 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

17.2 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

18 Waqar Loan for Pensioner

18.1 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

18.2 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

19 Credit Cards

Visa Classic / 10.000 0.500 10.500

MasterCard Standard (Primary)

Supplementary 5.000 0.250 5.250

Visa Premier / 15.000 0.750 15.750

MasterCard Gold (Primary)

Supplementary 5.000 0.250 5.250

MasterCard Platinum (Primary) 100.000 5.000 105.000

Supplementary Nil Nil Nil

Visa / MasterCard Corporate 30.000 1.500 31.500

executive Business

Visa / MasterCard Corporate 25.000 1.250 26.250

Standard
Visa / MasterCard Corporate 10.000 0.500 10.500
19.1 Annual Fees purchasing
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

Bank Muscat Oman Air 40.000 2.000 42.000

Card (Primary)

Supplementary 10.000 0.500 10.500

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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

Visa Signature Credit Card 50.000 2.500 52.500

(Primary)- (First year free)

Supplementary 10.000 0.500 10.500

Lulu MasterCard Credit Platinum 20.000 1.000 21.000

(Primary)

Supplementary 10.000 0.500 10.500

19.1 Annual Fees
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

Calculated on the average daily

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

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

19.4 Cash Advance Fees Per transaction, which ever is 3% or +5% VAT As agreed
higher OMR 3 + 5% VAT

19.5 Late Payment Fees Charge per month 5.000 0.250 5.250

19.6 Over Credit Limit Irrespective of the overdrawn 5.000 0.250 5.250
Fees amount

19.7 Copy of Sales Per voucher (applicable only to 3.000 0.150 3.150
Voucher disputed transactions)

19.8 Foreign Exchange 2.5% N/A 2.5%

Markup Fees*

20 Credit Administration

20.1 Registration of 25.000 1.250 26.250

Legal Mortgage

Creation or Renewal
20.2 of Commercial 100.000 5.000 105.000
Mortgage

20.3 Release of Legal 50.000 2.500 52.500

Mortgage

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

20.5 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

20.6 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
20.7 New Loans OMR 250 amount.
Min 250.000 Amount Amount
Min 12.500 Min 262.500

20.8 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
20.9 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
20.10 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

20.11 Charges for Transactions / Services

20.12 Issue of STL/Rollover 10.000 0.500 10.500

of STL

Extension of due
20.13 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
20.14 over & above a Min of a Min of a Min of
approved limits) OMR 50.000 OMR 2.500 OMR 52.500

20.15 Interchangeability 25.000 1.250 26.250

of limits

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

20.17 Temporary release of Charges on per release 10.000 0.500 10.500

securities

Delay in return of the

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

20.19 Permanent release of 50.000 2.500 52.500

securities

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

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

20.21 submission of
progress reports

Waiver of Standard Charges per annum 25.000 1.250 26.250

Security condition
20.22
(Valuation, Insurance
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
20.23 of insurance policy Charges per month 10.000 0.500 10.500
beyond the agreed
date

21 Global Trade Services

21.1 Letter of Credit

21.2 Import L/C

(Min period (Min period (Min period

3 months) + 3 months) + 3 months) +
Swift Swift Swift
charges- charges - charges -
21.3 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

21.4 Swift Charges Brief 12.000 0.600 12.600

Postage 2.000 0.100 2.100

Gulf Countries 20.000 1.000 21.000

21.5 Courier
Others 25.000 1.250 26.250

22 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 -
22.1 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.

22.2 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

22.4 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
22.5 covered through another Bank) Min OMR Min OMR Min OMR
Commission
10.000 0.500 10.500

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

0.125% per 0.006% per 0.131% per

Month every Month every Month every
22.7 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

23 Export L/C

23.1 Advising L/C

23.2 Pre Advice Commission 10.000 0.500 10.500

23.3 Final Advice Commission 10.000 0.500 10.500

Advising
23.4 Amendments Commission 8.000 0.400 8.400

Commission may vary (plus or As per As agreed

23.5 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
23.6 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
23.7 Usance L/C Commission Min OMR Min OMR Min OMR
20.000 1.000 21.000

Commission - minimum + actual As per As agreed

23.8 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
23.9 Min OMR Min OMR Min OMR
Banks) 20.000 1.000 21.000

Reimbursement commission 15.000 0.750 15.750

24 Export Bills Discounting

24.1 Interest* 10.75% N/A 10.75%

24.2 Commission Usance bills 0.250% 0.013% 0.263%

GCC countries 20.000 1.000 21.000

24.3 Courier Charges
Other Countries 25.000 1.250 26.250

24.4 Swift Charges 15.000 0.750 15.750

25 Collections

25.1 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
25.2 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

25.3 Courier
Other Countries 25.000 1.250 26.250

Extension of LTR/Adv
25.4 (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

26 Guarantees

Per month
(Min. 3 0.006% p.m. 0.131% p.m.
26.1 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.
26.2 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)
26.3 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
26.4
Guarantees Min OMR Min OMR Min OMR
20.000 1.000 21.000

Open Ended 0.250% 0.013% 0.263%

26.5 Commission - additional
Guarantees p.a p.a p.a

Shipping Guarantees (For missing Bill of Lading & 10.000 0.500 10.500
26.6
& AWB Guarantees Airway Bills - Margin 100%)

Amendments to
26.7
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

26.8 Settlement of Claims 10.000 0.500 10.500

Transmission of
26.9 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

27 Others

a. Providing 10.000 0.500 10.500

27.1 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
27.2 (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
27.3 15.000 0.750 15.750
Confirmation

On case to +5% VAT As agreed

27.4 Bulk Cash Deposit case basis +5% VAT

28 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 Government Merchant OMR 5.320 per
transaction
+5% VAT Charges+
whichever is lower. 5% VAT
28.1 rate for Oman issued
debit card transactions. Txn OMR Bank
Exchange company Merchants value Max
+5% VAT
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
Private Sector Merchant rate 5% VAT
28.2 for other card transactions
Max 1% +5% VAT As agreed +
Government Merchants
5% VAT
Merchant joining,
28.3 monthly, minimum Nil Nil Nil
volume fees

Terminal activation, monthly, Nil Nil Nil

28.4 minimum volume fees

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
28.5 QR/ MPCSS transactions
Max 0.75% or Bank
Government Merchant min 30 Baisa / +5% VAT Charges+
max OMR 1.000 5% VAT
per transaction

28.6 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
28.7 Government Payment Gateway Charges:

Discount rate for Maximum 1% +5% VAT Bank

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

Discount rate Max 1% +5% VAT Bank

for other card Charges +
5% VAT
transactions

28.8 SmartPay Payment Link Charges (2023 only):

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

Rate agreed Rate
+ 5% VAT

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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
- 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: 2.2/2023
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