(Last updated 28.10.2020)
 ParticularsIndividualsCorporatesOthers
AInterest Rates
1Deposits
Savings0.25% p.a.N/A

N/A
Moneytree0.30% p.a (S.B + 0.05% on balance on excess of Rs1m)N/AN/A
CallN/AN/AN/A

Term (MUR)Depending on amount and tenorDepending on amount and tenorN/A
Term (FCY)Depending on amount and tenorDepending on amount and tenorN/A
2Credit facilities (MUR)
Prime Lending Rate5.05% p.a.5.05% p.a.N/A
Other credit facilities – margin over PLRAs per arrangementAs per arrangementN/A
3Credit facilities (FCY)
Margin over LIBORAs per arrangementAs per arrangementN/A
BDEPOSITS
4Savings Account
Minimum account opening balance*Rs1,000/-N/AN/A
Minimum credit balance to earn interestRs10,000/-N/AN/A
5Current Account
Minimum account opening balance*Rs5,000/-Rs5,000/-N/A
Cost of cheque bookRs5/- per sheetRs6/- per sheetN/A
Monthly Service Fee
(for SME customer, please refer to the SME Package fee)
Rs 86.25 Monthly (incl VAT)Rs0.86 (incl VAT)per transaction.
Minimum Rs115/- (incl VAT) monthly
N/A
6Call Deposit Account
Minimum account opening balance*Rs50,000/-Rs50,000/-N/A
Minimum credit balance to earn interestN/AN/AN/A
7Term deposits (MUR)
Minimum amount*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Deposit withdrawn before maturity (at the discretion of the Bank)No interest is payable on deposit if withdrawn within 3 months from date of deposit.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% penalty. In absence of any quotation, prevailing SB rates less 1% penalty will be applied.No interest is payable on deposit if withdrawn within 3 months from date of deposit.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% penalty. In absence of any quotation, prevailing SB rates less 1% penalty will be applied.N/A
Fee for issuing duplicate Term Deposit receiptRs50/-Rs100/-
N/A
8 Term 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Deposit withdrawn before maturity (at the discretion of the Bank)No interest is payable on deposit if withdrawn within 3 months from date of deposit.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% penalty. In absence of any quotation, prevailing SB 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No interest is payable on deposit if withdrawn within 3 months from date of deposit.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% penalty. In absence of any quotation, prevailing SB rate less 1% penalty will be applied.
N/A
9Foreign Currency Account
Minimum balance*
• Euro1,0002,000N/A
• Pound Sterling1,0002,000N/A
• US Dollar1,0002,000N/A
• Other CurrencyAs per arrangementAs per arrangementN/A
Minimum credit balance to earn interest1,000 (for Euro, Pound Sterling and US Dollar)2,000 (for Euro, Pound Sterling and US Dollar)N/A
General charges1% on cash deposit and withdrawal1% on cash deposit and withdrawalN/A
CCREDIT FACILITIES
10Credit Cards
aClassic Card
First Issue Fee / Annual feeRs230/- (incl VAT)Rs230/- (incl VAT)N/A
Card Replacement FeeRs402.5/- (incl VAT)
Rs402.5/- (incl VAT)
N/A
Request for increase in limitRs125/- (fixed)Rs125/- (fixed)N/A
Late Payment FeeRs200/-Rs200/-N/A
Cash Advance Fee
(Local and Foreign)
2.5% of withdrawn amount.
Minimum Rs125/-
2.5% of withdrawn amount.
Minimum Rs125/-
N/A
Interest Charges (Planters Card)1% per month, 12% yearly1% per month, 12% yearlyN/A
Interest Charges (Teachers Card)1.21% per month, 14.50% yearly1.21% per month, 14.50% yearlyN/A
b Gold Card
First Issue Fee / Annual feeRs 805/- (incl VAT)Rs 805/- (incl VAT)N/A
Card Replacement FeeRs402.5/- (incl VAT)
Rs402.5/- (incl VAT)
N/A
Lost / Stolen Advice FeeFreeFreeN/A
Late Payment FeeRs200/-Rs200/-N/A
c Platinum Card
First Issue Fee / Annual FeeRs1,495/- (incl VAT)
Rs1,495/- (incl VAT)
N/A
Card Replacement FeeRs402.5/- (incl VAT)
Rs402.5/- (incl VAT)
N/A
Lost / Stolen Advice FeeFreeFreeN/A
Late Payment FeeRs250Rs250N/A
d Infinite Card
First Issue Fee / Annual FeeRs3,680/- (incl VAT)
Rs3,680/- (incl VAT)
N/A
Card Replacement FeeRs 575/- (incl VAT)
Rs 575/- (incl VAT)
N/A
Late Payment FeeRs500/- (fixed)Rs500/- (fixed)N/A
Overlimit FeeRs500/- (fixed)Rs500/- (fixed)N/A
Interest Charges1.90% per month, 22.8% yearly1.90% per month, 22.8% yearlyN/A
e Business Card
First Issue Fee / Annual FeeN/ARs517.5/- (incl VAT)
N/A
Card Replacement FeeN/ARs402.50/- (incl VAT)N/A
Request for increase in limitN/AN/AN/A
Late Payment FeeN/ARs225/- (fixed)N/A
Cash Advance Fee
(Local and Foreign)
N/A2% of withdrawn amount.
Minimum Rs100/-
N/A
fCommon charges for Credit Cards
PIN Re-issuance FeeRs 57.5 /- (incl VAT)
Rs 57.5 /- (incl VAT)
N/A
Overlimit Fee (except for Infinite Card)Rs200/- (fixed)Rs200/- (fixed)N/A
Interest Charges (except for Infinite Card)2% per month, 24% yearly2% per month, 24% yearlyN/A
Request for increase in limit (except Classic Card)FreeFreeN/A
Cash Advance Fee (Local and Foreign)2.5% of withdrawn amount.
Minimum Rs125/-
2.5% of withdrawn amount.
Minimum Rs125/-
N/A
Replacement Card Fee (sent abroad)Replacement fee + Additional courier charges for cards sent abroadReplacement fee + Additional courier charges for cards sent abroadN/A
Statement Request FeeRs25/- per page + Rs500/- if beyond 2 yearsRs25/- per page + Rs500/- if beyond 2 yearsN/A
Conversion Fee3.0% of the amount on Foreign Currency transactions3.0% of the amount on Foreign Currency transactionsN/A
11Loans and Advances
aProcessing Fee - Overdraft / Loan / Bills Discounted (New or Additional)
(i) Fully secured by Cash Deposit (with margin)1.25% 
Minimum Rs1,500/- and Maximum Rs50,000/-
1%
Minimum Rs1,000/- and Maximum Rs25,000/-
N/A
(ii) OthersUp to Rs5.0M: 1.25% 
Minimum Rs2,000/- and Maximum Rs50,000

Secured, home, educational & car loan: 1.25%

Consumer Loan: 1.50%
1% Minimum Rs1,000/-

Secured, home, educational & car loan: 1.25%

Consumer Loan: 1.50%
N/A
Above Rs5.0M: 1.25%, Maximum Rs100,000/-For SMEs (Up to Rs5.0M): 1%
Minimum Rs1,000/- and Maximum Rs25,000
N/A
For SMEs (Above Rs5.0M): 1%
Maximum Rs100,000/-
N/A
(iii) Temporary increase in Overdraft Limit1% pro rata, Minimum 1 month1% pro rata, Minimum 1 monthN/A
bProcessing Fee - Overdraft (Renewal at existing level)0.5%
Minimum Rs500/- and Maximum Rs25,000/-
0.5%
Minimum Rs500/- and Maximum Rs50,000/-
N/A
Temporary Overdraft Facility0.50% pro rata, Minimum 1 month0.50% pro rata, Minimum 1 monthN/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
6% p.a. above the agreed rate of interestN/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 FeeNo 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 for facilities governed by Borrowers Protection Act.
1% p.a. on amount paid in advance over residual lifetime of loan
N/A
For SMEs - 2% of loan amount prepaid
Minimum Rs3,000/-
N/A
Amendment FeeRs500/-Rs500/-N/A
Cancellation FeeRs1,000/-Rs1,000/-N/A
Monthly Loan Service FeeRs86.25/- (incl VAT)
Rs86.25/- (incl VAT)
N/A
Reschedulement Fee0.5% - Minimum Rs1,000/-0.5% - Minimum Rs1,000/-N/A
12Legal charges for creation of security documents
Fixed / Floating ChargesRs500/-Rs1,000/-N/A
Others
Gages sans deplacementSame as fixed / floating chargesSame as fixed / floating chargesN/A
Erasure of chargesActual Government of Mauritius Charges + Rs500/-Actual Government of Mauritius Charges + Rs500/-N/A
Pari-PassuActual Government of Mauritius Charges + Rs1,000/-Actual Government of Mauritius Charges + Rs1,000/-N/A
Change in SecurityActual Government of Mauritius Charges + Rs1,000/-Actual Government of Mauritius Charges + Rs1,000/-N/A
Partial ErasureActual Government of Mauritius Charges + Rs500/-Actual Government of Mauritius Charges + Rs500/-N/A
Cession de PrioritéActual Government of Mauritius Charges + Rs1,000/-Actual Government of Mauritius Charges + Rs1,000/-N/A
Crystallisation FeesRs500/-Rs500/-N/A
Change in Guarantor / GuaranteeRs100/-Rs100/-N/A
Renewal of Charges / SuretiesGovernment fee + Rs200/-Government fee + Rs500/-N/A
Preparation of "Quittance & Mainlevée"Actual Notary fee + Rs500/-Actual Notary fee + Rs500/-N/A
Search and MCIB FeeHousing and other secured advances: Rs600/-
Consumer Loans: Rs200/-
Corporate: Rs2,500/-
SMEs: Rs600/-
N/A
Site InspectionRs 575 /- (incl VAT) per site visit
Rs 575 /- (incl VAT) per site visit
N/A
Valuation of PropertyActuals as per valuerActuals as per valuerN/A
Reminder Fee (account in arrears)FreeFreeN/A
13Import Transactions
Letter of Credit Opening
Commission and Extension Commission
First 6 months0.5% - Minimum Rs800/-0.5% - Minimum Rs800/-N/A
Each additional quarterly period0.25% - Minimum Rs800/-0.25% - Minimum Rs800/-N/A
Amendment Commission other than increase / extensionRs500/-Rs500/-N/A
Extension of Letter of Credit validity and increase in amountExtension: 0.25% per quarter - Minimum Rs800/- Increase in amount: 0.50% - Minimum Rs800/-
Extension: 0.25% per quarter - Minimum Rs800/- Increase in amount: 0.50% - Minimum Rs800/-
N/A
Transmission Cost by SWIFT
Opening Letter of CreditRs500/-Rs500/-N/A
Amendment on Letter of CreditRs300/-Rs300/-N/A
Letter of Credit Negotiating Charges
Letter of Credit negotiating commission0.25% - Minimum Rs500/-0.25% - Minimum Rs500/-N/A
SWIFT ChargesRs200/-Rs200/-N/A
Local FeeRs200/-Rs200/-N/A
Letter of Credit Acceptance Commission
Commission0.125% per month - Minimum Rs500/-0.125% per month - Minimum Rs500/-N/A
Cancellation Fee
CommissionRs150/- plus overseas bank charges where applicableRs150/- plus overseas bank charges where applicableN/A
Unutilised Fee
CommissionRs500/- plus overseas bank charges where applicableRs500/- plus overseas bank charges where applicableN/A
Issue of Shipping Guarantee
Commission first two monthsRs800/-Rs800/-N/A
Thereafter monthlyRs400/-Rs400/-N/A
Import Collection Bills (Payment)
Negotiating Commission0.5% - Minimum Rs500/-0.5% - Minimum Rs500/-N/A
SWIFTRs200/-Rs200/-N/A
Local FeeRs200/-Rs200/-N/A
Handling FeeRs500/- every fortnight on each unpaid billRs500/- every fortnight on each unpaid billN/A
Protest FeeUSD200/- or equivalentUSD200/- or equivalentN/A
OthersRs500/- fortnightly on overdue billsRs500/- fortnightly on overdue billsN/A
Local Bills
Collection of local bills0.50% flat - Minimum Rs500/-0.50% flat - Minimum Rs500/-N/A
14Export Transactions
Letter of Credit advising commissionRs400/-Rs400/-N/A
Letter of Credit amendment commissionRs400/-Rs400/-N/A
Confirming Documentary Credit
Adding confirmation As per arrangementAs per arrangementN/A
Transferring Documentary Credit
Transfer FeeRs600/-Rs600/-N/A
Transfer Fee outside Mauritius0.25% - Minimum Rs800/- + SWIFT Charges Rs175/-0.25% - Minimum Rs800/- + SWIFT Charges Rs175/-N/A
Amendment to transferRs400/- 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 Commission0.50% - Minimum Rs400/-
0.50% - Minimum Rs400/-
N/A
Handling FeeRs500/-
Rs500/-
N/A
Local FeeRs200/-
Rs200/-
N/A
Courier Service
Actual amount as claimed by courier
Minimum Rs1,200/-
Actual amount as claimed by courier
Minimum Rs1,200/-
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 FeeRs500/-Rs500/-N/A
15Bank Guarantees
Tender Bonds1% flat for first 6 months and 0.25% for each additional 3 months - Minimum Rs750/-
1% flat for first 6 months and 0.25% for each additional 3 months - Minimum Rs750/-
N/A
Performance BondsFor 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 Guarantees2% p.a. - Minimum Rs750/-
2% p.a. - Minimum Rs750/-
N/A
Avalised Bills of Exchange2% p.a. - Minimum Rs1,000/-
2% p.a. - Minimum Rs1,000/-
N/A
Customs Guarantees1.5% p.a. - Minimum Rs1,000/-
1.5% p.a. - Minimum Rs1,000/-
N/A
Money Guarantees2% p.a. - Minimum Rs750/-
2% p.a. - Minimum Rs750/-
N/A
Others1.5% p.a. - Minimum Rs1,000/-
1.5% p.a. - Minimum Rs1,000/-
N/A
Amendment Fee other than for increase in amount / extend validity period
Rs600/-
Rs600/-
N/A
Outward Remittances by Telegraphic Transfer
CommissionRs300/- plus overseas bank charges where applicable
Rs300/- plus overseas bank charges where applicable
N/A
SWIFT ChargesRs200/-Rs200/-N/A
Outward Remittances by Draft
CommissionRs150/- plus overseas bank charges where applicable
Rs50/- plus overseas bank charges where applicable
N/A
Stop Payment on DraftRs200/- plus overseas bank charges where applicable
Rs200/- plus overseas bank charges where applicable
N/A
Inward Remittances
Telegraphic Transfer (TT)Rs150/-Rs150/-N/A
DraftsRs100/- plus overseas bank charges where applicable
Rs100/ -plus overseas bank charges where applicable
N/A
Debit to Foreign Currency Accounts
Commission in lieu of Exchange0.50% on amount
Minimum USD25/- and Maximum USD250/-
0.50% on amount
Minimum USD25/- and Maximum USD250/-
N/A
General ChargesN/A
Invoice Substitution feeRs300/- (except for transfer of Letter of Credits)
Rs300/- (except for transfer of Letter of Credits)
N/A
DGENERAL SERVICES
16Treasury Bills
Account Opening FeeRs250/-N/AN/A
Transaction Fee0.25% Minimum Rs 1,000/-
Maximum Rs 2,500/-
N/AN/A
17Debit Cards
Annual FeeN/AN/AN/A
Replacement of Lost / Stolen CardsRs115/- (incl VAT)
Rs115/- (incl VAT)
N/A
Debit Card PIN Replacement FeeRs57.5/- (incl VAT)
Rs57.5/- (incl VAT)
N/A
Urgent forwarding of card to overseas addressActual costsActual costsN/A
Conversion Fee3.0% of the amount on Foreign Currency transactions 3.0% of the amount on Foreign Currency transactions 
N/A
Withdrawals
Bank One ATMsN/AN/AN/A
Other banks' ATMs (local and foreign)Rs75/- flatRs75/- flatN/A
18Internet Banking
Subscription FeeFreeFree
N/A
19Transfer Fee
MACSSRs100/-Rs100/-N/A
NormalRs10/-Rs10/-N/A
InternalRs 30/- over the counter
Free using Internet Banking
Rs 30/- over the counter
Free using Internet Banking
N/A
20Testimonials / Certificates
Audit Confirmation CertificateRs1,000/-Rs1,000/-N/A
Testimonial / Banker’s Reference Fee (conduct of account to banks abroad)
Overseas: USD35/-
Overseas: USD35/-
N/A
Letter of Reference (conduct of account to local banks)
Rs1,000/-
Rs1,000/-
N/A
Certificate of outstanding loan balanceFreeRs1,000/-N/A
Certificate of Interest / Balance / Liabilities / Others
FreeRs300/-N/A
Financial Standing0.10%
Minimum Rs2,500/- and Maximum Rs10,000/-
0.10%
Minimum Rs2,500/- and Maximum Rs10,000/-
N/A
Visa / Educational / Medical
Rs100/-
Rs100/-
N/A
Copies of tax certificates at customer's request
Rs100/-
Rs100/-
N/A
21Standing Instructions
Internal transferRs 30/- over the counter

Free using Internet Banking
Rs 30/- over the counter

Free using Internet Banking
N/A
Transfer to other banksRs30/-Rs30/-N/A
Dishonoured Standing Orders for lack of funds
Rs150/-Rs150/-N/A
Direct DebitRs6/-Rs6/-N/A
Unpaid Direct Debit due to lack of fundsRs150/-Rs150/-N/A
22Cheques
Return InwardBank One cheque: Free

Other banks: Rs25/- per cheque
Bank One cheque: Free

Other banks: Rs25/- per cheque
N/A
Return Outward (clearing or at counter)Rs350/- per chequeRs350/- per chequeN/A
Stop Payment OrdersRs100/-Rs100/-N/A
Office Cheque IssuanceRs150/-Rs150/-N/A
Purchase of foreign cheques / banks draft
Rs100/-Rs100/-N/A
23Safe Deposit Lockers
Annual Rental & OthersSize 16 x 11 x 50: Rs1,380 (incl VAT)
Size 31 x 11 x 50: Rs3,450 (incl VAT)
Size 32 x 26 x 50: Rs5,750 (incl VAT)
Size 16 x 11 x 50: Rs1,380 (incl VAT)
Size 31 x 11 x 50: Rs3,450 (incl VAT)
Size 32 x 26 x 50: Rs5,750 (incl VAT)
N/A
Access FeeFree access twice a month.
Thereafter Rs150/- per access.
Free access twice a month.
Thereafter Rs150/- per access.
N/A
Loss of KeyBreakage Fee of Rs11,500/- (incl VAT)
Breakage Fee of Rs11,500/- (incl VAT)
N/A
Penalty Fee for non-payment of rental (after reminder)
Rs500/- per dayRs500/- per dayN/A
24Special Clearing
Inward Rs200/-Rs200/-N/A
OutwardRs100/-Rs100/-N/A
25Maintenance Fee
Dormant A/C
• MUR
Free
Free
N/A
• USD
Free
Free
N/A
• EUR
Free
Free
N/A
• Other Currencies
USD equivalent as above
USD equivalent as aboveN/A
Inactive A/C
• MUR
Free
Free
N/A
• USD
Free
Free
N/A
• EUR
Free
Free
N/A
• Other Currencies
USD equivalent as above
USD equivalent as above
N/A
Closure of A/C
• MUR
Rs200/-
Rs200/-
N/A
• USD
$7/-$7/-N/A
• EUR
USD equivalent as above
USD equivalent as above
N/A
• Other Currencies
USD equivalent as above
USD equivalent as above
N/A
26Others
Emailing StatementRs25/-, frequency weekly
Rs25/-, frequency weekly
N/A
Fax / Email Transmission Cost
Rs125/- per page (overseas);
Rs15/- per page (local)
Rs125/- per page (overseas); Rs15/- per page (local)
N/A
Current Account Statement by Fax
Ad hoc: Rs50/- per account per fax.
On daily basis: Rs750/- per account per month.
Ad hoc: Rs50/- per account per fax. On daily basis: Rs750/- per account per month.
N/A
Savings A/C - Statement on Request
For monthly statement: Rs100/- per month
For monthly statement: Rs100/- per month
N/A
Duplicate Statement of Account
Rs25/- per page + Rs500/- if beyond 2 years
Rs25/- per page + Rs500/- if beyond 2 years
N/A
Information from Archives
Search Fee of Rs150/- + Rs50/- per page
Search Fee of Rs150/- + Rs50/- per page
N/A
Duplicate Passbook Issuance
Rs100/-
Rs100/-
N/A
Processing Fee for Succession Account
Rs500/-
Rs500/-
N/A
MNS Fee
N/ARs100/- per itemN/A
Payroll Fee
Rs5/- per item (external)
Rs5/- per item (external)N/A
Investigation Charges
Rs300/- per item
Rs300/- per item
N/A
Photostat Copy
Rs15/- per page
Rs15/- per page
N/A
SME Package Fee / Monthly Service Fee
Rs 287.5 (incl VAT) Monthly
Rs 287.5 (incl VAT) Monthly
N/A
PARTICULARS CHARGES
REMITTANCES
Inward
Telegraphic TransfersFree
Cash Deposit% (Min-USD10)
Cheques for collectionUSD 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)
0.15% (Min-USD30, Max-USD100)
DraftsUSD 25 flat
Travellers Cheques1% ( Min USD 15 )
Cash Withdrawal1% (Min USD10)
INTERNET BANKINGFree of charge
TRADE SERVICES / LC’s
Imports
Issuance0.50% for first 6 months or part thereof
Min USD50 +0.25% for each additional quarter or part thereof
Amendment othersUSD 40 flat
Amendment/ increase in amount0.50% for first 6 months or part thereof
Min USD50 + 0.25% for each additional quarter or part thereof
Transmission cost By SWIFT
Acceptance0.125% per month ot part thereof
Min USD50
Negociating charges
Local fee
SWIFT charges
LC negociating commission
Acceptance commission (under usance LC)
Exports
Advising0.1% flat (Min USD 40, Max USD 500)
Advising of AmendmentUSD 50
Confirmation (subject to arragement)0.25% flat (Min USD 100)
Negociation0.25% (Min-USD30, Max-USD50)
DOCUMENTARY COLLECTIONS
Import & Export
For release against acceptance, payment or free of payment0.25 % flat (Min USD 50)
Transmission costs
Courrier serviceMin USD50 per mail
Fax OverseasUSD5 per page
Fax localFree
Other (Swift, Telex etc.)USD20
FCY Credit Cards