Bahrain

ICICI Bank Bahrain Schedule of Charges
   
          Schedule of Charges in Arabic
  Withdrawals
With effect from August 1st 2011
  By outward wire transfer / telegraphic transfer
USD 20
  By personalized/non personalisd withdrawal slips for amount above or equal to BHD 500(BHD accounts only)
Nil
  By personalized/non personalisd withdrawal slips for amount below BHD 500(BHD accounts only)
BHD 1
  By issue of BHD pay order (first two pay orders per month)
Nil
  For subsequent BHD pay orders in same month (each)
BHD 0.5(each)
  By draft (overseas payments)
BHD 2
  By draft (INR)
BHD 1
  By Personalised Cheque Book (BHD Current Accounts only)
Free
     
  Remittance
  From branch
BHD 1
  Through Internet banking
BHD 1
  Call n remit charges
BHD 0.5
  RTGS
BHD 2
     
  Amendment & Replacement
  Draft (Overseas payments)
BHD 5
  Draft (INR)
BHD 1
  BHD Pay Order
BHD 1
     
  Cancellation / Refund of Lost Instrument
  Draft (overseas payments)
BHD 5
  Draft (INR)
BHD 2
  BHD Pay Order
BHD 1
     
  New Password / Pin Issuance
  For Internet Banking
BHD 3
  For Debit Card
BHD 3
     
  Account Maintenance
  *Non-Maintenance of Average Monthly Balance in Savings Account of BHD 20
BHD 1
  Closure of Savings Account (within 1 year of opening)
BHD 1
  *Non-Maintenance of Average Monthly Balance in Current Account of BHD 100
BHD 3
  Closure of Current Account (within 1 year of opening)
BHD 10
     
  Miscellaneous
  Bank statement - per page
BHD 2
  Balance confirmation/ banker letter (like relationship certificate) - per copy
BHD 2
  SI (Standing Instruction) set up and modification - per instruction
BHD 2
  Foreign currency cheqe  collection - per cheque
USD 10 plus courier charges if any.
   
  * Not applicable to orphan, widow, pensioner, student
* Not applicable to person receiving social subsidy from Ministry of Labour and Social Affairs
* Not applicable to Bahraini national earning less than BD 250 per month.		  
   
  Cheque Book
  First Cheque Book
Free
  Subsequent Cheque Book (25 leaves)
BHD 2
  Cheque return charges for each cheque dishonored (inward) for reasons "insufficient fund", " account closed", " not arranged for", " refer to drawer" and " re present"
BHD 10
  Cheque return charges for each cheque returned to us
BHD 5
  Stop Payment of Cheque
BHD 10
   
  Debit Card
  Annual fee for debit card
Nil
  Transaction charge at ICICI Bank ATMs
Nil
  Benefit Charges (Cash Withdrawal / Balance Inquiry on other Banks' ATMs in Bahrain) BD 0.200 per cash withdrawal/balance inquiry
  Benefit Charges (Cash Withdrawal / Balance Inquiry on other Banks' ATMs outside Bahrain but within GCC) BD 1 per cash withdrawal/balance inquiry
  Access charge for VISA ATMs overseas in US Region $ 2.25 per cash withdrawal plus 3.5% of the amount withdrawn as currency conversion charge
  Access charge for VISA ATMs overseas in non-US regions $ 2.25 per cash withdrawal plus 3.5% of the amount withdrawn as currency conversion charge
  Card Re-issuance/Additional Card fee BHD 5
  Merchant transaction overseas 3.5% of the amount withdrawn as Currency Conversion charge
   
  Customers have the option of terminating the relationship within 15 days of application of any new charges. Otherwise it will be deemed as accepted.
     
Premature Withdrawal of Deposit - Fixed Deposits
  The premature closure charges effective 1st August 2011 are revised and will be as below.
  If deposit is withdrawn before expiry of 1 month of opening of deposit
  No interest would be payable, no charges will be charged.
  Where deposit is held for a period greater than 1 month
  The interest on the deposit would be calculated at the rate applicable for deposits of such tenure (as existing at the time of opening of the deposit sought to be broken), less 1%, as premature withdrawal charge; in case the deposit sought to be withdrawn is held for a period that falls between two tenures for which deposits are offered by the Branch, the interest on the deposit would be calculated at the rate applicable for deposits of the shorter of the two tenures (as existing at the time of opening of the deposit sought to be broken), less 1%, as premature withdrawal charge. It might happen that the contracted interest rate at the time of opening the deposit for the applicable tenure might be less than 1%, in such a case no interest will be paid only principle will be paid back.
  Upto 31st July 2011, below premature closure charges will apply for Fixed deposits.
   
Deposits with original maturity upto 2 years
.
 If a deposit is withdrawn before the expiry of 1 month of opening of deposit, no interest would be payable.
.
 Where a deposit is held for a period greater than 1 month:
i. If the deposit sought to be withdrawn is held for a period equivalent to a tenure for which deposits are offered by Bahrain branch, the interest on the deposit would be calculated at the rate applicable for deposits of such tenure (as extant at the time of opening of the deposit sought to be broken), less the premature withdrawal fee as indicated below;
ii. If the deposit sought to be withdrawn is held for a period that falls between two tenures for which deposits are offered by Bahrain branch, the interest on the deposit would be calculated at the rate applicable for deposits of the shorter of the two tenures (as extant at the time of opening of the deposit sought to be broken), less the premature withdrawal fee as indicated below
.
 A 1% flat premature withdrawal fee on the principal and interest, subject to protection of the principal, would be levied.
  Deposits with original maturity of above 2 years
.
The premature withdrawal fee would depend on the prevailing market conditions and the cost of replacing the deposit and shall be as stipulated by Bahrain branch at the time of the premature withdrawal.
.
No protection of the principal would be provided on such deposits that are withdrawn within 2 years of the deposits having been placed.
.
If a deposit is withdrawn prematurely after 2 years of the deposit being placed, a premature withdrawal fee as stipulated by Bahrain branch at the time of the withdrawal shall be levied, subject to protection of the principal.
Premature Withdrawal of Deposit - Floating Rate Deposits
  All Deposits
If a deposit is withdrawn before the expiry of 1 month of opening of deposit, no interest would be payable.
If a deposit is withdrawn after 1 month and less than 12 months, the following rates will apply on the deposit.
For 3-month-LIBOR-based deposits:
Equal to or greater than 1 month and less than 3 months 1 month LIBOR - 10 bps
Equal to or greater than 3 months and less than 12 months 3 month LIBOR - 10 bps
(For calculation, 3-month LIBOR for the respective period will be taken.)
For 6-month-LIBOR-based deposits:
Equal to or greater than 1 month and less than 3 months 1 month LIBOR - 10 bps
Equal to or greater than 3 months and less than 6 months 3 month LIBOR - 10 bps
Equal to or greater than 6 months and less than 12 months 6 month LIBOR - 10 bps
(For calculation, 6-month LIBOR for the respective period will be taken.)
.
 Where a deposit is held for a period greater than 1 year:
i. If the deposit sought to be withdrawn is held for a period equivalent to a tenure for which deposits are offered by Bahrain branch, the interest on the deposit would be calculated at the rate applicable for deposits of such tenure (as extant at the time of opening of the deposit sought to be broken);
ii. If the deposit sought to be withdrawn is held for a period that falls between two tenures for which deposits are offered by Bahrain branch, the interest on the deposit would be calculated at the rate applicable for deposits of the shorter of the two tenures (as extant at the time of opening of the deposit sought to be broken).
.
In cases where interest has been paid out, this is adjusted against any payments due to the depositor after applicable penalties consequent to the effecting of premature withdrawal. This would mean that even in cases where the principal is protected, the amount returned could be less than the principal, after adjusting for interest already paid out to the depositor.
.
Premature withdrawal would be allowed only if the deposit holder(s) provides a written application for the withdrawal. This application can also be sent through fax, provided the depositor has completed the Fax Indemnity form (in original) before sending the application.
.
In the case of partial withdrawal of any deposit, the penalties are levied only on and to the extent of the deposit amount withdrawn and not on the entire deposit.
Subject to the provisions thereof, deposits held with us, the Bahrain branch of ICICI Bank Ltd., are covered by the Deposit Protection Scheme established by the Central Bank of Bahrain Regulations concerning the establishment of a Deposit Protection Scheme and a Deposit Protection Board.
 
Under this scheme, in the unlikely event that ICICI Bank, Bahrain becomes bankrupt, you will be entitled to the lesser of the two following amounts: (i) three-quarters of your total deposits with us that are protected under the Scheme and (ii) BD 15,000. The amount you receive may be further limited by the amount of corpus available for the purposes of the Scheme and will be subject to the detailed terms and conditions of the Scheme.
 
Any change is Schedule of charges or implementation of new charges will be communicated in advance. Incase the same is not acceptable, the customer has the option of terminating the relationship with us with in 15 days from the date of implementation of the charges. If the customer does not get back to us with in such time the same will be treated as accepted.
 
Copy of the schedule available with the Branch Manager
 
ICICI Bank Limited's Bahrain Branch is Licensed and regulated as an overseas conventional retail bank by the Central Bank of Bahrain, located at Manama Centre, Manama, P.O. Box-1494, Bahrain.