PARTICULARS CHARGES
REMITTANCES
Inward

Telegraphic Transfers

Free

Cash Deposit

1% (Min-USD10)

Cheques for collection

USD 15 per cheque
Outward

Telegraphic transfers- Manual Instruction
(including swift charges but excluding overseas bank charges if on account of Remitter)

0.15% (Min-USD30, Max-USD100)

Telegraphic transfers – Internet Banking
(including swift charges but excluding overseas bank charges if on account of Remitter)

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
Min USD50 +0.25% for each additional quarter or part thereof

Amendment others

USD 40 flat

Amendment/ increase in amount

0.50% for first 6 months or part thereof
Min USD50 + 0.25% for each additional quarter or part thereof

Transmission cost By SWIFT

Acceptance

0.125% per month ot part thereof
Min USD50
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
Search and MCIB fee

USD 500
Equivalent Rs 600/-

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.
Minimum Rs125/-

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.