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World News

The Times of India News

World / The Times of India

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Saudi Central Bank slashes banking and payment fees: Heres all you need to know

The Saudi Central Bank (SAMA) has released a new Fees Guide, cutting customer charges across banking and payment services. The guide lowers administrative fees for financing, Mada card transactions, checks, standing orders, and electronic transfers, while reducing or eliminating account document costs. Effective within 60 days, the update promotes fairness, transparency, financial inclusion, and digital banking adoption nationwide.

23 Dec 2025 2:18 pm