ParticularsIndividualsCorporatesOthers
AINTEREST RATES
1Deposits
  • Savings

    2.10%p.a.

    N/A

    N/A

  • Call

    N/A

    N/A

    N/A

  • Term (MUR)

    Depending on amount & tenor

    Depending on amount & tenor

    N/A

  • Term (FCY)

    Depending on amount & tenor

    Depending on amount & tenor

    N/A

  • Other credit facilities – margin over PLR

    As per arrangement

    As per arrangement

    N/A

    2Credit facilities (MUR)
  • Prime Lending Rate

    6.70%p.a.

    6.70%p.a.

    N/A

  • Other credit facilities – margin over PLR

    As per arrangement

    As per arrangement

    N/A

    3Credit facilities (FCY)
  • Margin over LIBOR

    As per arrangement

    As per arrangement

    N/A

    BDEPOSITS
    1Savings Account
  • Minimum account opening balance

    Rs1,000/-

    N/A

    N/A

  • Minimum credit balance to earn interest

    Rs5,000/-

    N/A

    N/A

    2Current Account
  • Minimum credit balance to earn interest

    Rs5,000/-

    N/A

    N/A

  • Cost of cheque book

    Rs5/- per sheet

    Rs6/- per sheet

    N/A

  • Ledger Fee

    Rs250/- + VAT – half yearly

    Rs0.75+VAT per transaction.
    Minimum Rs100/- + VAT monthly

    N/A

    3Call Deposit Account
  • Minimum balance

    Rs50,000/-

    Rs50,000/-

    N/A

  • Minimum credit balance to earn interest

    N/A

    N/A

    N/A

    4Term deposits (MUR)
  • Minimum amoun

    Rs50,000/-

    Rs50,000/-

    N/A

  • Deposit withdrawn before maturity (at the discretion of the Bank)

    No interest is payable on deposit if withdrawn within 3 months from date of deposit. After 3 months, the rate applicable will be that prevailed at the time of placement for the period the deposit has run less 1% of penalty. In absence of any quotation, prevailing savings rate less 1% penalty will be applied

    No interest is payable on deposit if withdrawn within 3 months from date of deposit. After 3 months, the rate applicable will be that prevailed at the time of placement for the period the deposit has run less 1% of penalty. In absence of any quotation, prevailing savings rate less 1% penalty will be applied

    N/A

  • Fee for issuing duplicate TD receipt

    Rs50/-

    Rs100/-

    N/A

    5Term deposits (FCY)
  • Minimum amount (in the currency)

    5,000/-

    5,000/-

    N/A

  • Deposit withdrawn before maturity (at the discretion of the Bank)

    No interest is payable on deposit if withdrawn within 3 months from date of deposit. After 3 months, the rate applicable will be that prevailed at the time of placement for the period the deposit has run less 1% of penalty. In absence of any quotation, prevailing savings rate less 1% penalty will be applied

    No interest is payable on deposit if withdrawn within 3 months from date of deposit. After 3 months, the rate applicable will be that prevailed at the time of placement for the period the deposit has run less 1% of penalty. In absence of any quotation, prevailing savings rate less 1% penalty will be applied

    N/A

    6Foreign Currency Account
  • Minimum balance

    • Euro

    1000

    2000

    N/A

    • Pound Sterling

    1000

    2000

    N/A

    • US Dollar

    1000

    2000

    N/A

    • Other Currency

    As per arrangement

    As per arrangement

    N/A

  • Minimum credit balance to earn interest

    1000 (for Euro, Pound Sterling and US Dollar),

    2000 (for Euro, Pound Sterling and US Dollar),

    N/A

  • General charges

    1% on cash deposit and withdrawal

    1% on cash deposit and withdrawal

    N/A

    CCREDIT FACILITIES
    1Credit Cards

    Classic Card

  • First Issue Fee / Annual fee

    Rs175/- + VAT

    Rs175/- + VAT

    N/A

  • Card Replacement Fee
    (Lost / Stolen)

    Rs175/- + VAT

    Rs175/- + VAT

    N/A

  • Request for increase in limit

    Rs125/- (fixed)

    Rs125/- (fixed)

    N/A

  • Late Payment Fee

    Rs150/-

    Rs150/-

    N/A

  • Cash Advance Fee (Local & Foreign)

    2% of withdrawn amount. Minimum Rs75/-

    2% of withdrawn amount. Minimum Rs75/-

    N/A

  • Interest Charges (Planters Card)

    1% per month, 12% yearly

    1% per month, 12% yearly

    N/A

  • Interest Charges (Teachers Card)

    1.21% per month, 14.50% yearly

    1.21% per month, 14.50% yearly

    N/A

    Gold Card

  • First Issue Fee / Annual fee

    Rs525/-+VAT (no photo)
    Rs625/-+VAT (photo)

    Rs525/-+VAT (no photo)
    Rs625/-+VAT (photo)

    N/A

  • Card Replacement Fee
    (Lost / Stolen)

    Rs525/-+VAT (no photo)
    Rs625/-+VAT (photo)

    Rs525/-+VAT (no photo)
    Rs625/-+VAT (photo)

    N/A

  • Lost / Stolen Advice Fee

    Free

    Free

    N/A

  • Late Payment Fee

    Rs 175

    Rs 175

    N/A

    Platinum Card

  • First Issue Fee / Annual fee

    Rs1000/- +VAT

    N/A

    N/A

  • Card Replacement Fee
    (Lost / Stolen)

    Rs1000/- +VAT

    N/A

    N/A

  • Lost / Stolen Advice Fee

    Free

    N/A

    N/A

  • Late Payment Fee

    Rs 200

    N/A

    N/A

    Infinite Card

  • First Issue Fee / Annual fee

    Rs2500/- +VAT

    Rs2500/- +VAT

    N/A

  • Card Replacement Fee
    (Lost / Stolen)

    Rs2500/- +VAT

    Rs2500/- +VAT

    N/A

  • Late Payment Fee

    Rs200/- (fixed)

    Rs200/- (fixed)

    N/A

  • Overlimit Fee

    Rs200/- (fixed)

    Rs200/- (fixed)

    N/A

  • Interest Charges

    1.75% per month, 21% yearly

    1.75% per month, 21% yearly

    N/A

    Business Card

  • First Issue Fee / Annual fee

    N/A

    Rs350/- + VAT

    N/A

  • Card Replacement Fee (Lost / Stolen)

    N/A

    Rs350/- + VAT

    N/A

  • Request for increase in limit

    N/A

    Rs100/- (fixed)

    N/A

  • Late Payment Fee

    N/A

    Rs200/- (fixed)

    N/A

  • Cash Advance Fee (Local & Foreign)

    N/A

    2% of amount withdrawn Min Rs100/-

    N/A

    Common charges for Credit Cards

  • PIN-Re-issuance Fee

    Rs50/- + VAT

    Rs50/- + VAT

    N/A

  • Overlimit Fee (except for Infinite Card)

    Rs150/- (fixed)

    Rs150/- (fixed)

    N/A

  • Interest Charges (except for Infinite Card)

    2% per month, 24% yearly

    2% per month, 24% yearly

    N/A

  • Request for increase in limit (except Classic Card)

    Rs100/-(fixed)

    Rs100/-(fixed)

    N/A

  • Cash Advance Fee (Local & Foreign) – Except for Classic Card

    2% of withdrawn amount. Minimum Rs100/-

    2% of withdrawn amount. Minimum Rs100/-

    N/A

  • Replacement card fee sent abroad

    Replacement fee + Additional courier charges for cards sent abroad

    Replacement fee + Additional courier charges for cards sent abroad

    N/A

  • Statement request fee

    Rs25/- per page + Rs500/- if beyond 2 years

    Rs25/- per page + Rs500/- if beyond 2 years

    N/A

  • Conversion fee

    1.75% of the amount on Foreign Curency transactions (except for USD transaction)

    1.75% of the amount on Foreign Curency transactions (except for USD transaction)

    N/A

    2Loans and advances

    Processing fee - Overdraft / Loan / Bills Discounted (New or Additional)

    (i) Fully secured by Cash Deposits (with Margin)

    1% -Minimum Rs1,000/- – Maximum Rs25,000/-

    1% -Minimum Rs1,000/- – Maximum Rs25,000/-

    N/A

    (ii) Others

    Up to Rs5.0M : 1% -Minimum Rs1,000/- - Maximum Rs25,000/-

    1% -Minimum Rs1,000/-

    N/A

    Above Rs5.0M : 1% – Maximum Rs100,000/-

    For SMEs: Up to Rs5.0M : 1% -Minimum Rs1,000/- – Maximum Rs25,000/-

    N/A

  • For SMEs: Above Rs5.0M : 1% – Maximum Rs100,000/-

    N/A

    (iii) Temporary increase in Overdraft Limit

    1% prorata, minimum 1 month

    1% prorata, minimum 1 month

    N/A

    Processing fee - Overdraft (Renewal at existing level)

    0.5% -Minimum Rs500/- – Maximum Rs25,000/-

    0.5% -Minimum Rs500/- – Maximum Rs25,000/-

    N/A

  • Temporary overdraft facility

    0.50% prorata, minimum 1 month

    0.50% prorata, minimum 1 month

    N/A

  • Temporary overdraft facility

    0.50% prorata, minimum 1 month

    0.50% prorata, minimum 1 month

    N/A

  • Penal fee exceeding authorised limit

    (a) 2% p.a above the normal rate of interest for all new overdraft facilities granted on or after 01.01.14.

    (b) For overdraft facilities granted prior to 01.01.14 a penal rate of 6% p.a is maintained above the normal rate of interest. For clients falling under Borowers Protection Act, rate of interest will be applied accordingly.

    N/A

    N/A

    Commitment fee

  • Commitment fee payable quarterly in advance after three months as from date of sanction letter on undrawn balance.

    1% p.a

    1% p.a

    N/A

  • Early redemption/prepayment fee

    No such fee will be charged on loans granted on or after 01.01.14. For loans granted prior to 01.01.14, a fee of 1% p.a is maintained on amount paid in advance, except facilities governed by Borrowers Protection Act.

    1% p.a on amount paid in advance over residual lifetime of loan

    N/A

  • Amendment fee

    Rs300/-

    Rs300/-

    N/A

  • Cancellation fee

    Rs 1000/-

    Rs 1000/-

  • Monthly Ledger fee

    Rs 75/- + VAT

    Rs 75/- + VAT

    3Legal charges for creation of security documents
  • Fixed / Floating Charges

    Rs500/-

    Rs1,000/-

    N/A

    Others

  • Gages sans deplacement

    Same as for fixed/floating charges

    Same as for fixed/floating charges

    N/A

  • Erasure of charges

    Actual Government of Mautitius Charges + Rs500/-

    Actual Government of Mautitius Charges + Rs500/-

    N/A

  • Pari-Passu

    Actual Government of Mautitius Charges + Rs1,000/-

    Actual Government of Mautitius Charges + Rs1,000/-

    N/A

  • Change in Security

    Actual Government of Mautitius Charges + Rs1,000/-

    Actual Government of Mautitius Charges + Rs1,000/-

    N/A

  • Partial Erasure

    Actual Government of Mautitius Charges + Rs500/-

    Actual Government of Mautitius Charges + Rs500/-

    N/A

  • Cession de Priorite

    Actual Government of Mautitius Charges + Rs1,000/-

    Actual Government of Mautitius Charges + Rs1,000/-

    N/A

  • Crystallisation fees

    Rs500/-

    Rs500/-

    N/A

  • Change in Guarantor / Guarantee

    Rs100/-

    Rs100/-

    N/A

  • Renewal of Charges / Sureties

    Government fee + Rs200/-

    Government fee + Rs200/-

    N/A

  • Preparation of “Quittance & main levee”

    Actual Notary fee + Rs500/-

    Actual Notary fee + Rs500/-

    N/A

  • Search fee and MCIB fee

    Housing & other secured advances Rs600/- Consumer loans Rs200/-

    Corporate Rs2500/- SMEs Rs600/-

    N/A

  • Site inspection

    Rs500/- + VAT per site visit

    Rs500/- + VAT per site visit

    N/A

  • Valuation of property

    Actuals as per valuer

    Actuals as per valuer

    N/A

  • Reminder fee ( account in arrears)

    Rs200/- per reminder

    Rs200/- per reminder

    N/A

    4Import Transactions

    Letters of Credit Opening Commission and Extension Commission

  • First 6 months

    0.5% - Minimum Rs800/-

    0.5% - Minimum Rs800/-

    N/A

  • ach additional quarterly period

    0.25% - Minimum Rs800/-

    0.25% - Minimum Rs800/-

    N/A

  • Amendment commission other than increase / extension

    Rs500/-

    Rs500/-

    N/A

  • Extension of Letter of Credit validity and increase in amount

    1. Extension: 0.25% per quarter - minimum Rs800/- 2. Increase in amount: 0.50% - Minimum Rs800/-

    1. Extension: 0.25% per quarter - minimum Rs800/- 2. Increase in amount: 0.50% - Minimum Rs800/-

    N/A

    Transmission cost

  • By SWIFT

  • Opening Letter of Credit

    Rs 500/-Rs 500/-

    Rs 500/-

    N/A

  • Amendment on Letter of Credit

    Rs300/-

    Rs300/-

    N/A

    Letter of Credit Negotiating Charges

  • Letter of Credit negotiating commission

    0.25% - Minimum Rs500/-

    0.25% - Minimum Rs500/-

    N/A

  • SWIFT charges

    Rs200/-

    Rs200/-

    N/A

  • Local fee

    Rs200/-

    Rs200/-

    N/A

    Letter of Credit Acceptance Commission

  • Commission

    0.125% per month - Minimum Rs500/-

    0.125% per month - Minimum Rs500/-

    N/A

  • Commission

    Rs150/- plus overseas Bank charges where applicable

    Rs150/- plus overseas Bank charges where applicable

    N/A

    Unutilised fee

  • Commission

    Rs500/- plus overseas bank charges where applicable

    Rs500/- plus overseas bank charges where applicable

    N/A

    Issue of Shipping guarantee

  • Commission first two months

    Rs800/-

    Rs800/-

    N/A

  • Thereafter monthly

    Rs400/-

    Rs400/-

    N/A

    Import collection bills(Payment)

  • Negotiating Commission

    0.5% - Minimum Rs500/-

    0.5% - Minimum Rs500/-

    N/A

  • SWIFT

    Rs200/-

    Rs200/-

    N/A

  • Local fee

    Rs200/-

    Rs200/-

    N/A

  • Handling fee

    Rs500/- every fortnight on each unpaid bill

    Rs500/- every fortnight on each unpaid bill

    N/A

  • Protest fee

    USD 200/- or equivalent

    USD 200/- or equivalent

    N/A

  • Others

    Rs500/- fortnightly on overdue bills

    Rs500/- fortnightly on overdue bills

    N/A

    Local bills

  • Collection of local bills

    1/2% flat - Minimum Rs500/-

    1/2% flat - Minimum Rs500/-

    N/A

    5Export Transactions
  • Letter of Credit advising commission

    Rs400/-

    Rs400/-

    N/A

  • Letter of Credit amendment commission

    Rs400/-

    Rs400/-

    N/A

    Confirming Documentary credit

  • Adding confirmation

    As per arrangement

    As per arrangement

    N/A

    Transferring Documentary credit

  • Transfer fee

    Rs600/-

    Rs600/-

    N/A

  • Transfer fee outside Mauritius

    0.25% - Minimum Rs800. + SWIFT charges Rs 175/-

    0.25% - Minimum Rs800. + SWIFT charges Rs 175/-

    N/A

  • Amendment to transfer

    Rs400/- per transaction + SWIFT charges if applicable

    Rs400/- per transaction + SWIFT charges if applicable

    N/A

  • Unutilised fee

    Rs800/-

    Rs800/-

    N/A

  • Cancellation fee

    Rs800/-

    Rs800/-

    N/A

    Negotiating Commission (L.C/ Collection)

  • Payment/Negotiation commission

    0.5% - Minimum Rs400

    0.5% - Minimum Rs400

    N/A

  • Handling fee

    Rs 500/-

    Rs 500/-

    N/A

  • Local fee

    Rs200/-

    Rs200/-

    N/A

  • Courier service

    Actual amount as claimed by courier Minimum Rs 1,200/-

    Actual amount as claimed by courier Minimum Rs 1,200/-

    N/A

  • SWIFT

    Rs175/- per SWIFT message

    Rs175/- per SWIFT message

    N/A

  • Registered mail

    Rs200/-

    Rs200/-

    N/A

    Discounting Export bill

  • Discounting fee

    Rs500/-

    Rs500/-

    N/A

  • Trade cover - open account financing only - handling fee

    Rs200/-

    Rs200/-

    N/A

  • - postage fee

    Rs500/-

    6Bank Guarantees
  • Tender bonds

    1% flat for first 6 months and 0.25% for each additional 3 months - Minimum Rs 750/-

    1% flat for first 6 months and 0.25% for each additional 3 months - Minimum Rs 750/-

    N/A

  • Performance bond

    For amounts up to Rs6.0M - 1.5% p.a. On portion over Rs6.0M - 1% p.a. Minimum Rs750/-

    For amounts up to Rs6.0M - 1.5% p.a. On portion over Rs6.0M - 1% p.a. Minimum Rs750/-

    N/A

  • Advance Payment Guarantees

    2% p.a - Minimum Rs 750/-

    2% p.a - Minimum Rs 750/-

    N/A

  • Avalised Bill of Exchange

    2% p.a - Minimum Rs 1,000/-

    2% p.a - Minimum Rs 1,000/-

    N/A

  • Customs guarantee

    1.5% p.a - Minimum Rs 1,000/-

    1.5% p.a - Minimum Rs 1,000/-

    N/A