(Last updated 20.08.2021)
 ParticularsIndividualsCorporatesOthers
AInterest Rates
1Deposits
Savings0.25% p.a.N/AN/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%5.05%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 balanceRs1,000/-N/AN/A
Minimum credit balance to earn interestRs10,000/-N/AN/A
5Current Account
Minimum account opening balanceRs5,000/-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.N/A
Minimum Rs115/- (incl VAT) monthly
6Call Deposit Account
Minimum account opening balanceRs50,000/-Rs50,000/-N/A
Minimum credit balance to earn interestN/AN/AN/A
7Term deposits (MUR)
Minimum amountRs50,000/-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Deposit withdrawn before maturity (at the discretion of the Bank)No interest is payable on deposit if withdrawn within 3 months from date of deposit.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 In absence of any quotation, prevailing SB rates less 1% penalty will be applied.No interest is payable on deposit if withdrawn within 3 months from date of deposit.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
8Term 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Deposit withdrawn before maturity (at the discretion of the Bank)No interest is payable on deposit if withdrawn within 3 months from date of deposit.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 In absence of any quotation, prevailing SB rate less 1% penalty will be applied.No interest is payable on deposit if withdrawn within 3 months from date of deposit.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
• Euro10002000N/A
• Pound Sterling10002000N/A
• US Dollar10002000N/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 2.5% of withdrawn amount. 2.5% of withdrawn amount. N/A
(Local and Foreign)Minimum Rs125/-Minimum Rs125/-
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
bGold 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
cPlatinum 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 Fee250250N/A
dInfinite 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
eBusiness 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 N/A2% of withdrawn amount. N/A
(Local and Foreign)Minimum Rs100/-
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) - Except for Classic Card2.5% of withdrawn amount. 2.5% of withdrawn amount. N/A
Minimum Rs125/-Minimum Rs125/-
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
11FCY Credit Cards
a.EUR INFINITE Card
First Issue Fee / Annual feeEur 74.75 (incl VAT)Eur 74.75 (incl VAT)N/A
First Issue supplementary fee/Annual feeEur 74.75 (incl VAT)Eur 74.75 (incl VAT)N/A
Replacement fee (Damaged)Eur 74.75 (incl VAT)Eur 74.75 (incl VAT)N/A
Lost/Stolen Fee Eur 74.75 (incl VAT)Eur 74.75 (incl VAT)N/A
Overlimit feeEur 8.05 (incl VAT)Eur 8.05 (incl VAT)N/A
Renewal feeEur 74.75 (incl VAT)Eur 74.75 (incl VAT)N/A
Increase Limit feeEur 5.75 (incl VAT)Eur 5.75 (incl VAT)N/A
Interest rate per Annum (%)21%, yearly 21%, yearly N/A
Late payment feeEur 8.05 (incl VAT)Eur 8.05 (incl VAT)N/A
Cash Withdrawals transaction Fee (ATM)2% MINIMUM 5.75 EUR (incl VAT)2% MINIMUM 5.75 EUR (incl VAT)N/A
ATM Balance Inquiry FeeEur 2.3 (incl VAT)Eur 2.3 (incl VAT)N/A
Duplicate statement feeEur 1.15 per page (Incl VAT)Eur 1.15 per page (Incl VAT)N/A
PIN re-issuanceEur 2.3 (incl VAT)Eur 2.3 (incl VAT)N/A
b.USD Platinum Card
First Issue Fee / Annual feeUSD 96.6 (incl VAT)USD 96.6 (incl VAT)N/A
First Issue supplementary fee/Annual feeUSD 48.3 (incl VAT)USD 48.3 (incl VAT)N/A
Replacement fee (Damaged)USD 5.75 (incl VAT)USD 5.75 (incl VAT)N/A
Lost/Stolen Fee USD 5.75 (incl VAT)USD 5.75 (incl VAT)N/A
Overlimit feeUSD 5.75 (incl VAT)USD 5.75 (incl VAT)N/A
Renewal feeUSD 96.6 (incl VAT)USD 96.6 (incl VAT)N/A
Increase Limit feeUSD 5.75 (incl VAT)USD 5.75 (incl VAT)N/A
Interest rate per Annum (%)2323N/A
Late payment feeUSD 5.75 (incl VAT)USD 5.75 (incl VAT)N/A
Cash Withdrawals transaction Fee (ATM)2.5% MIN 5.75 USD (incl VAT)2.5% MIN 5.75 USD (incl VAT)N/A
ATM Balance Inquiry FeeUSD 2.3 (incl VAT)USD 2.3 (incl VAT)N/A
Duplicate statement feeUSD 1.15 per Page (incl VAT)USD 1.15 per Page (incl VAT)N/A
PIN re-issuanceUSD 2.3 (incl VAT)USD 2.3 (incl VAT)N/A
c.USD Infinite Card
First Issue Fee / Annual feeUSD 138 (incl VAT)USD 138 (incl VAT)N/A
First Issue supplementary fee/Annual feeUSD 69 (incl VAT)USD 69 (incl VAT)N/A
Replacement fee (Damaged)USD 5.75 (incl VAT)USD 5.75 (incl VAT)N/A
Lost/Stolen Fee USD 5.75 (incl VAT)USD 5.75 (incl VAT)N/A
Overlimit feeUSD 5.75 (incl VAT)USD 5.75 (incl VAT)N/A
Renewal feeUSD 138 (incl VAT)USD 138 (incl VAT)N/A
Increase Limit feeUSD 5.75 (incl VAT)USD 5.75 (incl VAT)N/A
Interest rate per Annum (%)2323N/A
Late payment feeUSD 5.75 (incl VAT)USD 5.75 (incl VAT)N/A
Cash Withdrawals transaction Fee (ATM)2.5% MIN 5.75 USD (incl VAT)2.5% MIN 5.75 USD (incl VAT)N/A
ATM Balance Inquiry FeeUSD 2.3 (incl VAT)USD 2.3 (incl VAT)N/A
Duplicate statement feeUSD 1.15 per Page (incl VAT)USD 1.15 per Page (incl VAT)N/A
PIN re-issuanceUSD 2.3 (incl VAT)USD 2.3 (incl VAT)N/A
12Loans and Advances
aProcessing Fee - Overdraft / Loan / Bills Discounted (New or Additional)
(i) Fully secured by Cash Deposit (with margin)1.25% 1% N/A
Minimum Rs1,500/- and Maximum Rs50,000/-Minimum Rs1,000/- and Maximum Rs25,000/-
(ii) OthersUp to Rs5.0M: 1.25% 1% Minimum Rs1,000/-N/A
Minimum Rs2,000/- and Maximum Rs50,000
Secured, home, educational & car loan: 1.25%
Secured, home, educational & car loan: 1.25%
Consumer Loan: 1.50%
Consumer Loan: 1.50%
Above Rs5.0M: 1.25%, Maximum Rs100,000/-For SMEs (Up to Rs5.0M): 1% N/A
Minimum Rs1,000/- and Maximum Rs25,000
For SMEs (Above Rs5.0M): 1% N/A
Maximum Rs100,000/-
(iii) Temporary increase in Overdraft Limit1% pro rata, Minimum 1 month1% pro rata, Minimum 1 monthN/A
bProcessing Fee - Overdraft (Renewal at existing level)0.50%0.5% N/A
Minimum Rs500/- and Maximum Rs25,000/-Minimum Rs500/- and Maximum Rs50,000/-
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 rate6% 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 balance1% 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 loanN/A
For SMEs - 2% of loan amount prepaidN/A
Minimum Rs3,000/-
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
13Legal 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/-Corporate: Rs2,500/-N/A
Consumer Loans: Rs200/-SMEs: Rs600/-
Site InspectionRs 575 /- (incl VAT) per site visitRs 575 /- (incl VAT) per site visitN/A
Valuation of PropertyActuals as per valuerActuals as per valuerN/A
Reminder Fee (account in arrears)FreeFreeN/A
14Import 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
15Export Transactions
Letter of Credit advising commissionRs400/-Rs400/-N/A
Letter of Credit amendment commissionRs400/-Rs400/-N/A
Confirming Documentary Credit
Adding confirmationAs 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 applicableRs400/- per transaction + SWIFT Charges if applicableN/A
Unutilised FeeRs800/-Rs800/-N/A
Cancellation FeeRs800/-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 ServiceActual amount as claimed by courier Actual amount as claimed by courierN/A
Minimum Rs1,200/-Minimum Rs1,200/-
SWIFTRs175/- per SWIFT messageRs175/- per SWIFT messageN/A
Registered MailRs200/-Rs200/-N/A
Discounting Export Bill
Discounting FeeRs500/-Rs500/-N/A
Trade cover - open account financing only - handling feeRs200/-Rs200/-N/A
Postage FeeRs500/-Rs500/-N/A
16Bank 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 periodRs600/-Rs600/-N/A
Outward Remittances by Telegraphic Transfer
Internet banking transfers up to USD 12,500 or equivalent with payment option OURSUSD30/-
USD30/-
Internet banking transfers up to USD 12,500 or equivalent with payment option Beneficiary (BEN) and Shared (SHA)USD10/- USD10/-
CommissionRs300/- plus overseas bank charges where applicableRs300/- plus overseas bank charges where applicableN/A
SWIFT ChargesRs200/-Rs200/-N/A
Outward Remittances by Draft
CommissionRs150/- plus overseas bank charges where applicableRs50/- plus overseas bank charges where applicableN/A
Stop Payment on DraftRs200/- plus overseas bank charges where applicableRs200/- plus overseas bank charges where applicableN/A
Inward Remittances
Telegraphic Transfer (TT)Rs150/-Rs150/-N/A
DraftsRs100/- plus overseas bank charges where applicableRs100/ -plus overseas bank charges where applicableN/A
Debit to Foreign Currency Accounts
Commission in lieu of Exchange0.50% on amount 0.50% on amount N/A
Minimum USD25/- and Maximum USD250/-Minimum USD25/- and Maximum USD250/-
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
17Treasury Bills
Account Opening Fee250N/AN/A
Transaction Fee0.25% Minimum Rs 1,000/-
Maximum Rs 2,500/-
N/AN/A
18Debit 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
19Prepaid Cards
Card Issuance Fee
• MURRs 201.25/- (incl VAT)Rs 201.25/- (incl VAT)N/A
• USD$8.05/- (incl VAT)$8.05/- (incl VAT)N/A
Additional Card Fee (same currency)
• MURRs230/- (incl VAT)Rs230/- (incl VAT)N/A
• USD$8.05/- (incl VAT)$8.05/- (incl VAT)N/A
Initial Load Fee
• MUR0.50% of amount, Minimum Rs25/-0.50% of amount, Minimum Rs25/-N/A
• USD0.50% of amount 0.50% of amount N/A
Reload Fee
• MUR0.50% of amount, Minimum Rs25/-0.50% of amount, Minimum Rs25/-N/A
• USD0.50% of amount 0.50% of amount N/A
Point-of-Sale Transactions FreeFreeN/A
(MUR / USD)
Bank One ATM Transactions / Balance Enquiry FreeFreeN/A
(MUR / USD)
Non-Bank One ATM Transactions (Cash Advance Fee) 
• MURRs75/-Rs75/-N/A
• USD2% of amount, Minimum $2.502% of amount, Minimum $2.50N/A
PIN Re-issuance Fee
• MURRs 57.50/- (incl VAT)Rs 57.50/- (incl VAT)N/A
• USD$2.3/- (incl VAT)$2.3/- (incl VAT)N/A
Card Replacement Fee (Damaged / Lost / Stolen)
• MURRs 201.25/- (incl VAT)Rs 201.25/- (incl VAT)N/A
• USD$11.5/- (incl VAT)$11.5/- (incl VAT)N/A
Statement Request
• MURRs25/- per page + Rs500/- if beyond 2 yearsRs25/- per page + Rs500/- if beyond 2 yearsN/A
• USD$1/- per page + $15/- if beyond 2 years $1/- per page + $15/- if beyond 2 years N/A
Conversion Fee3.0% of the amount on Foreign Currency transactions 3.0% of the amount on Foreign Currency transactions N/A
Closure fee
• MURRs 345/- (incl VAT)Rs 345/- (incl VAT)N/A
• USD$11.50 (incl VAT)$11.50 (incl VAT)N/A
20Internet Banking
Subscription FeeFreeFreeN/A
FreeFreeN/A
21Transfer Fee
MACSSRs100/-Rs100/-N/A
NormalRs10/-Rs10/-N/A
InternalRs 30/- over the counterRs 30/- over the counterN/A
Free using Internet BankingFree using Internet Banking
22Testimonials / 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 / OthersFreeRs300/-N/A
Financial Standing0.10% 0.10% N/A
Minimum Rs2,500/- and Maximum Rs10,000/-Minimum Rs2,500/- and Maximum Rs10,000/-
Visa / Educational / MedicalRs100/-Rs100/-N/A
Copies of tax certificates at customer's requestRs100/-Rs100/-N/A
23Standing Instructions
Internal transferRs 30/- over the counterRs 30/- over the counterN/A
Free using Internet BankingFree using Internet Banking
Transfer to other banksRs30/-Rs30/-N/A
Dishonoured Standing Orders for lack of fundsRs150/-Rs150/-N/A
Direct DebitRs6/-Rs6/-N/A
Unpaid Direct Debit due to lack of fundsRs150/-Rs150/-N/A
24Cheques
Return Outward (clearing or at counter)Bank One cheque: FreeBank One cheque: FreeN/A
Other banks: Rs25/- per chequeOther banks: Rs25/- per cheque
Return InwardRs350/- per chequeRs350/- per chequeN/A
Stop Payment OrdersRs100/-Rs100/-N/A
Office Cheque IssuanceRs150/-Rs150/-N/A
Purchase of foreign cheques / banks draftRs100/-Rs100/-N/A
25Safe Deposit Lockers
Annual Rental & OthersSize 16 x 11 x 50: Rs1,380 (incl VAT)Size 16 x 11 x 50: Rs1,380 (incl VAT)N/A
Size 31 x 11 x 50: Rs3,450 (incl VAT)Size 31 x 11 x 50: Rs3,450 (incl VAT)
Size 32 x 26 x 50: Rs5,750 (incl VAT)Size 32 x 26 x 50: Rs5,750 (incl VAT)
Access FeeFree access twice a month. Free access twice a month. N/A
Thereafter Rs150/- per access.Thereafter Rs150/- per access.
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
26Special Clearing
InwardRs200/-Rs200/-N/A
OutwardRs100/-Rs100/-N/A
27Maintenance Fee
Dormant A/C
• MURFreeFreeN/A
• USD FreeFreeN/A
• EURFreeFreeN/A
• Other CurrenciesUSD equivalent as aboveUSD equivalent as aboveN/A
Inactive A/C
• MURFreeFreeN/A
• USDFreeFreeN/A
• EURFreeFreeN/A
• Other CurrenciesUSD equivalent as aboveUSD equivalent as aboveN/A
Closure of A/C
• MURRs200/-Rs200/-N/A
• USD$7/-$7/-N/A
• EURUSD equivalent as aboveUSD equivalent as aboveN/A
• Other CurrenciesUSD equivalent as aboveUSD equivalent as aboveN/A
28Others
Emailing StatementRs25/-, frequency weeklyRs25/-, frequency weeklyN/A
Fax / Email Transmission CostRs125/- per page (overseas); Rs125/- per page (overseas); Rs15/- per page (local)N/A
Rs15/- per page (local)
Current Account Statement by FaxAd hoc: Rs50/- per account per fax. Ad hoc: Rs50/- per account per fax. On daily basis: Rs750/- per account per month.N/A
On daily basis: Rs750/- per account per month.
Savings A/C - Statement on RequestFor monthly statement: Rs100/- per monthFor monthly statement: Rs100/- per monthN/A
Duplicate Statement of AccountRs25/- per page + Rs500/- if beyond 2 yearsRs25/- per page + Rs500/- if beyond 2 yearsN/A
Information from ArchivesSearch Fee of Rs150/- + Rs50/- per pageSearch Fee of Rs150/- + Rs50/- per pageN/A
Duplicate Passbook IssuanceRs100/-Rs100/-N/A
Processing Fee for Succession AccountRs500/-Rs500/-N/A
MNS FeeN/ARs100/- per itemN/A
Payroll FeeRs5/- per item (external)Rs5/- per item (external)N/A
Investigation ChargesRs300/- per itemRs300/- per itemN/A
Photostat CopyRs15/- per pageRs15/- per pageN/A
SME Package Fee / Monthly Service FeeRs 287.5 (incl VAT) MonthlyRs 287.5 (incl VAT) MonthlyN/A
(Last updated 20.08.2021)
PARTICULARSACTUAL CHARGESACTUAL CHARGES
REMITTANCES
INWARD
Telegraphic TransfersFree of charge full credit of amount received excluding all charges levied by overseas Bank
Cash Deposit1.25% (Min USD25)
Cheques for collectionUSD 70 + 30 Courrier charges
OUTWARD
Telegraphic Transfers - Manual Instructions (including swift charges but excluding overseas bank charges if on account of Remitter)0.25%(Min-USD 50, Max-USD 150)
Telegraphic Transfers - Internet Banking (including swift charges but excluding overseas bank charges if on account of Remitter)0.125% (Min-USD 30, Max-USD 65)
Telegraphic Transfers - Internet Banking for transactions up to USD12,500/- or equivalent for option OURSUSD50/-
Telegraphic Transfers - Internet Banking for transactions up to USD12,500/- or equivalent for option Beneficiary (BEN) and Shared (SHA)USD30/-
Late payment fee on payment request after cut-off time*USD 200 *
DraftsUSD 50
Cash Withdrawal1.25%(Min USD25)
INTERNET BANKING
Reset of Internet Banking login & Transaction PINFree of charge
TRADE SERVICES/ LC's
IMPORTS
Issuance0.50% for first 6 months or part thereof Min USD 50 + 0.25% for each additional quarter or part thereof
Amendment othersUSD 40
Amendment/ increase in amount0.50% for first 6 months or part thereof Min USD 50 + 0.25% for each additional quarter or part thereof
Transmission cost By SWIFT
Acceptance0.125% per month or part thereof
NEGOTIATING CHARGES
Local feeMUR200.-
SWIFT chargesUSD20.-
LC negotiating commission0.25% of bill amount
Acceptance commission (under usance LC)0.125% per month or part thereof
EXPORTS
Advising0.1% flat (Min USD 40, Max USD 500)
Advising of AmendmentUSD 50
Confirmation (subject to arrangement)0.25% flat (Min USD 100)
Negotiation0.25% (Min-USD 30, Max-USD 50)
DOCUMENTARY COLLECTIONS
IMPORT & EXPORT
For release against acceptance, payment or free of payment0.25% flat (Min USD 50)
TRANSMISSION COSTS
Courrier serviceMin USD 50 per mail
Fax OverseasUSD 5 per page
Fax localFree
Other (Swift, Telex etc.)USD 20
SUNDRY CHARGES
Ledger feesUSD 50 semi annually
Minimum Balance feesElite Banking Only:
USD50 per month
Not applicable if customer maintains a monthly average balance of USD50,000 aggregated on all accounts
International Banking only:
USD25 per month
Not applicable if customer maintains a monthly average balance of USD25,000 aggregated on all accounts
Private Banking only:
- USD100 per month if customer monthly average balance < USD250,000 aggregated on all accounts
- USD10 per month if customer monthly average balance > USD 250,000 aggregated on all accounts
Charges on positive balance for impacted currenciesAs per market practice
Investigation with Correspondent BankUSD 25 per request
Bank referenceUSD 50
Account ReactivationUSD 75
Information from archivesSearch fee of USD 10 + USD 5 per page
BALANCE AUDIT CONFIRMATIONS
(within 12 months)USD 50
(after 12 months)USD 75
KYC reportUSD 50
DUPLICATE STATEMENTS
6 months old or lessUSD 20
More than 6 monthsUSD 30
Standing ordersUSD 10 per order
Closure of accountInternational/ Elite Banking: USD50
Private Banking: USD100
BANK GUARANTEES
AVAL' of negotiable Instruments (Bill of exchange)1% flat min USD 100
Performance Bonds1.25% p.a. min USD 150
Tender Bonds
Advance Payment Guarantee1% p.a. min USD 150
Shipping GuaranteeUSD 50
Customs and others1% p.a. min USD 150
Custody feesAs per agreement
LOANS AND ADVANCES
Amendment feeAs per agreement
Cancellation feeAs per agreement
Search and MCIB feeEquivalent Rs 600/-
*Subject to approval from LOB
CREDIT FACILITIES
Credit CardsIndividualCorporate
Classic Card
First Issue Fee / Annual feeRs230/- (incl VAT)
Card Replacement FeeRs402.5/- (incl VAT)
Request for increase in limitRs125/- (fixed)
Late Payment FeeRs200/-
Cash Advance Fee 2.5% of withdrawn amount.
(Local and Foreign)Minimum Rs125/-
Gold Card
First Issue Fee / Annual feeRs 805/- (incl VAT)
Card Replacement FeeRs402.5/- (incl VAT)
Lost / Stolen Advice FeeFree
Late Payment FeeRs200/-
Platinum Card
First Issue Fee / Annual FeeRs1,495/- (incl VAT)
Card Replacement FeeRs402.5/- (incl VAT)
Lost / Stolen Advice FeeFree
Late Payment Fee250
Infinite Card
First Issue Fee / Annual FeeRs3,680/- (incl VAT)
Card Replacement FeeRs 575/- (incl VAT)
Late Payment FeeRs500/- (fixed)
Overlimit FeeRs500/- (fixed)
Interest Charges1.90% per month, 22.8% yearly
Business Card
First Issue Fee / Annual FeeN/ARs517.5/- (incl VAT)
Card Replacement FeeN/ARs402.50/- (incl VAT)
Request for increase in limitN/AN/A
Late Payment FeeN/ARs225/- (fixed)
Cash Advance Fee N/A2% of withdrawn amount.
(Local and Foreign)N/AMinimum Rs100/-
Common charges for Credit CardsIndividualCorporate
PIN Re-issuance FeeRs 57.5 /- (incl VAT)Rs 57.5 /- (incl VAT)
Overlimit Fee (except for Infinite Card)Rs200/- (fixed)Rs200/- (fixed)
Interest Charges (except for Infinite Card)2% per month, 24% yearly2% per month, 24% yearly
Request for increase in limit (except Classic Card)FreeFree
Cash Advance Fee (Local and Foreign) - Except for Classic Card2.5% of withdrawn amount.
Minimum Rs125/-
2.5% of withdrawn amount.
Minimum Rs125/-
Replacement Card Fee (sent abroad)Replacement fee + Additional courier charges for cards sent abroadReplacement fee + Additional courier charges for cards sent abroad
Statement Request FeeRs25/- per page + Rs500/- if beyond 2 yearsRs25/- per page + Rs500/- if beyond 2 years
Conversion Fee3.0% of the amount on Foreign Currency transactions3.0% of the amount on Foreign Currency transactions
Debit CardsIndividualCorporate
Annual FeeN/A
Replacement of Lost / Stolen CardsRs115/- (incl VAT)
Debit Card PIN Replacement FeeRs57.5/- (incl VAT)
Urgent forwarding of card to overseas addressActual costs
Conversion Fee3.0% of the amount on Foreign Currency transactions
Prepaid CardsIndividualCorporate
Closure fee MURRs 345/- (incl VAT)
Closure fee USDUSD 11.50 (incl VAT)
FCY Credit Cards
EUR INFINITE Card
First issue fee / Annual feeEur 74.75 (incl VAT)Eur 74.75 (incl VAT)
First Issue supplementary fee/Annual feeEur 74.75 (incl VAT)Eur 74.75 (incl VAT)
Replacement fee (Damaged)Eur 74.75 (incl VAT)Eur 74.75 (incl VAT)
Lost/Stolen Fee Eur 74.75 (incl VAT)Eur 74.75 (incl VAT)
Overlimit feeEur 8.05 (incl VAT)Eur 8.05 (incl VAT)
Renewal feeEur 74.75 (incl VAT)Eur 74.75 (incl VAT)
Increase limit feeEur 5.75 (incl VAT)Eur 5.75 (incl VAT)
Interest rate per Annum (%)21%, yearly 21%, yearly
Late payment feeEur 8.05 (incl VAT)Eur 8.05 (incl VAT)
Cash withdrawals transaction Fee (ATM)2% MINIMUM 5.75 EUR (incl VAT)2% MINIMUM 5.75 EUR (incl VAT)
ATM balance inquiry feeEur 2.3 (incl VAT)Eur 2.3 (incl VAT)
Duplicate statement feeEur 1.15 per page (Incl VAT)Eur 1.15 per page (Incl VAT)
PIN re-issuanceEur 2.3 (incl VAT)Eur 2.3 (incl VAT)
USD Platinum Card
First issue fee / Annual feeUSD 96.6 (incl VAT)USD 96.6 (incl VAT)
First issue supplementary fee/Annual feeUSD 48.3 (incl VAT)USD 48.3 (incl VAT)
Replacement fee (Damaged)USD 5.75 (incl VAT)USD 5.75 (incl VAT)
Lost/Stolen fee USD 5.75 (incl VAT)USD 5.75 (incl VAT)
Overlimit feeUSD 5.75 (incl VAT)USD 5.75 (incl VAT)
Renewal feeUSD 96.6 (incl VAT)USD 96.6 (incl VAT)
Increase limit feeUSD 5.75 (incl VAT)USD 5.75 (incl VAT)
Interest rate per Annum (%)2323
Late payment feeUSD 5.75 (incl VAT)USD 5.75 (incl VAT)
Cash withdrawals transaction fee (ATM)2.5% MIN 5.75 USD (incl VAT)2.5% MIN 5.75 USD (incl VAT)
ATM balance inquiry feeUSD 2.3 (incl VAT)USD 2.3 (incl VAT)
Duplicate statement feeUSD 1.15 per Page (incl VAT)USD 1.15 per Page (incl VAT)
PIN re-issuanceUSD 2.3 (incl VAT)USD 2.3 (incl VAT)
USD Infinite Card
First issue fee / Annual feeUSD 138 (incl VAT)USD 138 (incl VAT)
First issue supplementary fee/Annual feeUSD 69 (incl VAT)USD 69 (incl VAT)
Replacement fee (Damaged)USD 5.75 (incl VAT)USD 5.75 (incl VAT)
Lost/Stolen fee USD 5.75 (incl VAT)USD 5.75 (incl VAT)
Overlimit feeUSD 5.75 (incl VAT)USD 5.75 (incl VAT)
Renewal feeUSD 138 (incl VAT)USD 138 (incl VAT)
Increase limit feeUSD 5.75 (incl VAT)USD 5.75 (incl VAT)
Interest rate per Annum (%)2323
Late payment feeUSD 5.75 (incl VAT)USD 5.75 (incl VAT)
Cash withdrawals transaction fee (ATM)2.5% MIN 5.75 USD (incl VAT)2.5% MIN 5.75 USD (incl VAT)
ATM Balance Inquiry FeeUSD 2.3 (incl VAT)USD 2.3 (incl VAT)
Duplicate statement feeUSD 1.15 per Page (incl VAT)USD 1.15 per Page (incl VAT)
PIN re-issuanceUSD 2.3 (incl VAT)USD 2.3 (incl VAT)
Term deposits (MUR)IndividualCorporate
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.
Fee for issuing duplicate Term Deposit receiptRs50/-Rs100/-
Term deposits (FCY)IndividualCorporate
Minimum amount (in the currency)5,000/-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.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.