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  • Deposit withdrawn before maturity (at the discretion of the Bank)

    No interest is payable on deposit if withdrawn within 3 months from date of deposit.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    No interest is payable on deposit if withdrawn within 3 months from date of deposit.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  • Deposit withdrawn before maturity (at the discretion of the Bank)

    No interest is payable on deposit if withdrawn within 3 months from date of deposit.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

    PARTICULARSCHARGES
    REMITTANCES
    Inward

    Telegraphic Transfers

    Free

    Cash Deposit

    1% (Min-USD10)

    Cheques for collection

    USD 15 per cheque

    Outward

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

    0.15% (Min-USD30, Max-USD75)

    Drafts

    USD 25 flat

    Travellers Cheques

    1% ( Min USD 15 )

    Cash Withdrawal

    1% (Min USD10)

    INTERNET BANKING

    – Corporate (each batch of 3 Users)

    Per MonthUSDEURGBP
    View965.5
    View and transact181211

    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

    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/-

    ***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.