| PARTICULARS | CHARGES | |
|---|---|---|
| REMITTANCES | ||
| Inward | ||
Telegraphic Transfers |
Free |
|
Cash Deposit |
1% (Min-USD10) |
|
Cheques for collection |
USD 15 per cheque |
|
| Outward | ||
Telegraphic transfers- Manual Instruction |
0.15% (Min-USD30, Max-USD100) |
|
Telegraphic transfers – Internet Banking |
0.125% (Min-USD30, Max-USD65) |
|
Drafts |
USD 25 flat |
|
Cash Withdrawal |
1% (Min USD10) |
|
INTERNET BANKING |
Free of charge |
|
TRADE SERVICES / LC’s |
||
| Imports | ||
Issuance |
0.50% for first 6 months or part thereof |
|
Amendment others |
USD 40 flat |
|
Amendment/ increase in amount |
0.50% for first 6 months or part thereof |
|
Transmission cost By SWIFT |
||
Acceptance |
0.125% per month ot part thereof |
|
| Negociating charges | ||
Local fee |
||
SWIFT charges |
||
LC negociating commission |
||
Acceptance commission (under usance LC) |
||
| Exports | ||
Advising |
0.1% flat (Min USD 40, Max USD 500) |
|
Advising of Amendment |
USD 50 |
|
Confirmation (subject to arragement) |
0.25% flat (Min USD 100) |
|
Negociation |
0.25% (Min-USD30, Max-USD50) |
|
DOCUMENTARY COLLECTIONS |
||
| Import & Export | ||
For release against acceptance, payment or free of payment |
0.25 % flat (Min USD 50) |
|
| Transmission costs | ||
Courrier service |
Min USD50 per mail |
|
Fax Overseas |
USD5 per page |
|
Fax local |
Free |
|
Other (Swift, Telex etc.) |
USD20 |
|
| Sundry Charges | ||
Ledger fees |
USD 50 semi annually |
|
Investigation with Correspondent Bk |
USD 25 per request |
|
Bank reference |
USD 50 |
|
Account Reactivation |
USD 50 |
|
Information from archives |
Search fee of $10 + $5 per page |
|
| Balance Audit confirmations | ||
(within 12 months) |
USD 20 per request |
|
(after 12 months) |
USD 25 per request |
|
KYC report |
USD 40 |
|
| Duplicate statements | ||
6 months old or less |
USD 10 per monthly statement |
|
More than 6 months |
USD 20 per monthly statement |
|
Standing orders |
USD 10 per order |
|
Closure of account |
USD 25 |
|
| Bank Guarantees | ||
AVAL’ of negotiable Instruments (Bill of exchange) |
1% flat min USD 100 |
|
Performance Bonds |
1.25% p.a min USD150 |
|
Tender Bonds |
||
Advance Payment Guarantee |
1% p.a min USD150 |
|
Shipping Guarantee |
USD 50 |
|
Customs and others |
1% p.a min USD150 |
|
| Loans and Advances | ||
Amendment fee |
USD 25 |
|
Cancellation fee |
USD 500 |
|
Charges on positive balance for impacted currencies |
||
*Subject to approval from LOB |
||
| Credit Facilities | ||
| Credit Cards | ||
Classic Credit Card |
||
First Issue Fee / Annual fee |
Rs230/- (incl VAT) |
|
Card Replacement Fee |
Rs402.5/- (incl VAT) |
|
Request for increase in limit |
Rs125/- (fixed) |
|
Late Payment Fee |
Rs200/- |
|
Cash Advance Fee |
2.5% of withdrawn amount. |
|
(Local and Foreign) |
Minimum Rs125/- |
|
Gold Card |
||
First Issue Fee / Annual fee |
Rs 805/- (incl VAT) |
|
Card Replacement Fee |
Rs402.5/- (incl VAT) |
|
Lost / Stolen Advice Fee |
Free |
|
Late Payment Fee |
Rs200/- |
|
Platinum Card |
||
First Issue Fee / Annual Fee |
Rs1,495/- (incl VAT) |
|
Card Replacement Fee |
Rs402.5/- (incl VAT) |
|
Lost / Stolen Advice Fee |
Free |
|
Late Payment Fee |
Rs250 |
|
Infinite Card |
||
First Issue Fee / Annual Fee |
Rs3,680/- (incl VAT) |
|
Card Replacement Fee |
Rs 575/- (incl VAT) |
|
Late Payment Fee |
Rs500/- (fixed) |
|
Overlimit Fee |
Rs500/- (fixed) |
|
Interest Charges |
1.90% per month, 22.8% yearly |
|
Business Card |
||
First Issue Fee / Annual Fee |
N/A |
|
Card Replacement Fee |
N/A |
|
Request for increase in limit |
N/A |
|
Late Payment Fee |
N/A |
|
Cash Advance Fee |
N/A |
|
(Local and Foreign) |
N/A |
|
| Common charges for credit cards | ||
Individual |
||
PIN Re-issuance Fee |
Rs 57.5 /- (incl VAT) |
|
Overlimit Fee (except for Infinite Card) |
Rs200/- (fixed) |
|
Interest Charges (except for Infinite Card) |
2% per month, 24% yearly |
|
Request for increase in limit (except Classic Card) |
Free |
|
Cash Advance Fee (Local and Foreign) – Except for Classic Card |
2.5% of withdrawn amount. |
|
Replacement Card Fee (sent abroad) |
Replacement fee + Additional courier charges for cards sent abroad |
|
Statement Request Fee |
Rs25/- per page + Rs500/- if beyond 2 years |
|
Conversion Fee |
3.0% of the amount on Foreign Currency transactions |
|
Debit cards |
Individual |
|
Annual Fee |
N/A |
|
Replacement of Lost / Stolen Cards |
Rs115/- (incl VAT) |
|
Debit Card PIN Replacement Fee |
Rs57.5/- (incl VAT) |
|
Urgent forwarding of card to overseas address |
Actual costs |
|
Conversion Fee |
3.0% of the amount on Foreign Currency transactions |
|
| FCY Credit Cards | ||
EUR Infinite Card |
Individual |
|
First Issue Fee / Annual fee |
Eur 74.75 (incl VAT) |
|
First Issue supplementary fee / Annual fee |
Eur 74.75 (incl VAT) |
|
Replacement fee (Damaged) |
Eur 74.75 (incl VAT) |
|
Lost/Stolen Fee |
Eur 74.75 (incl VAT) |
|
Overlimit fee |
Eur 8.05 (incl VAT) |
|
Renewal fee |
Eur 74.75 (incl VAT) |
|
Increase Limit fee |
Eur 5.75 (incl VAT) |
|
Interest rate per Annum (%) |
21% yearly |
|
Late payment fee |
Eur 8.05 (incl VAT) |
|
Cash Withdrawals transaction Fee (ATM) |
2% MINIMUM 5.75 EUR (incl VAT) |
|
ATM Balance Inquiry Fee |
Eur 2.3 (incl VAT) |
|
Duplicate statement fee |
Eur 1.15 per page (Incl VAT) |
|
PIN re-issuance |
Eur 2.3 (incl VAT) |
|
USD Platinum Card |
||
First Issue Fee / Annual fee |
USD 96.6 (incl VAT) |
|
First Issue supplementary fee / Annual fee |
USD 48.3 (incl VAT) |
|
Replacement fee (Damaged) |
USD 5.75 (incl VAT) |
|
Lost/Stolen Fee |
USD 5.75 (incl VAT) |
|
Overlimit fee |
USD 5.75 (incl VAT) |
|
Renewal fee |
USD 96.6 (incl VAT) |
|
Increase Limit fee |
USD 5.75 (incl VAT) |
|
Interest rate per annum (%) |
23% |
|
Late payment fee |
USD 5.75 (incl VAT) |
|
Cash Withdrawals transaction Fee (ATM) |
2.5% MIN 5.75 USD (incl VAT) |
|
ATM Balance Inquiry Fee |
USD 2.3 (incl VAT) |
|
Duplicate statement fee |
USD 1.15 per Page (incl VAT) |
|
PIN re-issuance |
USD 2.3 (incl VAT) |
|
USD Infinite Card |
||
First Issue Fee / Annual fee |
USD 138 (incl VAT) |
|
First Issue supplementary fee/Annual fee |
USD 69 (incl VAT) |
|
Replacement fee (Damaged) |
USD 5.75 (incl VAT) |
|
Lost/Stolen Fee |
USD 5.75 (incl VAT) |
|
Overlimit fee |
USD 5.75 (incl VAT) |
|
Renewal fee |
USD 138 (incl VAT) |
|
Increase Limit fee |
USD 5.75 (incl VAT) |
|
Interest rate per annum (%) |
23% |
|
Late payment fee |
USD 5.75 (incl VAT) |
|
Cash Withdrawals transaction Fee (ATM) |
2.5% MIN 5.75 USD (incl VAT) |
|
ATM Balance Inquiry Fee |
USD 2.3 (incl VAT) |
|
Duplicate statement fee |
USD 1.15 per Page (incl VAT) |
|
PIN re-issuance |
USD 2.3 (incl VAT) |
|
| Term Deposits | ||
MUR Term Deposits |
Individual |
|
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% penalty. In absence of any quotation, prevailing SB rates less 1% penalty will be applied. |
|
Fee for issuing duplicate Term Deposit receipt |
Rs50/- |
|
FCY Term Deposits |
Individual |
|
Minimum amount (in the currency) |
5,000/- |
|
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% penalty. In absence of any quotation, prevailing SB rate less 1% penalty will be applied. |
|
***The bank reserves the right of recourse to the customer if the cheque: draft is returned unpaid and a fee of USD 15 will be charged; Intermediary banks’ charges if any will be for customer’s account.
NB: All transaction costs are for customer’s account. The bank reserves the right to charge an additional handling fee for import and export bills for collection that are settled after the due date. The bank reserves the right to recover out of pocket expenses wherever application.