BANK ONE
16, Sir William Newton Street
Port Louis, Mauritius
Particulars | Individuals | Corporates | Others | ||
---|---|---|---|---|---|
A | Interest Rates | ||||
1 | Deposits | ||||
Base Savings Rate* Note: this rate is considered for all floating facilities linked to Savings such as floating fixed deposit or Loan against cash secured | 2.45% | 2.45% | |||
Savings | 2.45% p.a. on balance between Rs 10,000 and Rs 1,000,000 2.55% p.a. on balance between Rs 1,000,000 and Rs 2,000,000 2.65% p.a. on balance above Rs 2,000,000 | N/A | N/A | ||
Moneytree | 2.50% p.a (S.B + 0.05% on balance on excess of Rs1m) | N/A | N/A | ||
POP Save | 2.55% p.a. | N/A | |||
Call | N/A | N/A | N/A | ||
Term (MUR) | Depending on amount and tenor | Depending on amount and tenor | N/A | ||
Term (FCY) | Depending on amount and tenor | Depending on amount and tenor | N/A | ||
2 | Credit facilities (MUR) | ||||
Prime Lending Rate | 7.45% | 7.45% | N/A | ||
Other credit facilities – margin over PLR | As per arrangement | As per arrangement | N/A | ||
3 | Credit facilities (FCY) | ||||
Margin over LIBOR | As per arrangement | As per arrangement | N/A | ||
B | DEPOSITS | ||||
4 | Savings Account | ||||
Minimum account opening balance | Rs1,000/- | N/A | N/A | ||
Minimum credit balance to earn interest | Rs10,000/- | N/A | N/A | ||
5 | Current Account | ||||
Minimum account opening balance | Rs5,000/- | Rs5,000/- | N/A | ||
Cost of cheque book | Rs6/- per sheet | Rs7/- per sheet | N/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 | |||||
6 | Call Deposit Account | ||||
Minimum account opening balance | Rs50,000/- | Rs50,000/- | N/A | ||
Minimum credit balance to earn interest | N/A | N/A | N/A | ||
7 | Term 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Deposit withdrawn before maturity (at the discretion of the Bank) | No interest is payable on deposit if withdrawn within 3 months from date of deposit.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 | No interest is payable on deposit if withdrawn within 3 months from date of deposit.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 receipt | Rs50/- | 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 | ||
9 | Foreign 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 | No interest payable (for Euro, Pound Sterling and US Dollar) | 2,000 (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 | ||
C | CREDIT FACILITIES | ||||
10 | Credit & Debit Cards | ||||
a | Platinum Debit Card | ||||
First Issue Fee / Annual fee | N/A | Rs 345 (incl VAT) | N/A | ||
Supplementary Card | Rs 175 (incl VAT) | Rs 175 (incl VAT) | N/A | ||
Card Replacement Fee | Rs 175 (incl VAT) | Rs 175 (incl VAT) | N/A | ||
b | Business Credit Card | ||||
First Issue Fee / Annual fee | N/A | Rs 345 (incl VAT) | N/A | ||
Supplementary Card | N/A | Rs 175 (incl VAT) | N/A | ||
Card Replacement Fee | N/A | Rs 175 (incl VAT) | N/A | ||
Late Payment Fee | N/A | Rs 500 (incl VAT) | N/A | ||
Overlimit Fee | N/A | 2.5% of Overlimit amount or Min Rs 200 | N/A | ||
Cash Advance Fee (Local and Foreign) | N/A | 2.5% of withdrawn amount. Minimum Rs200 | N/A | ||
Conversion Fee | N/A | 3.0% of the amount on Foreign Currency transactions | N/A | ||
Interest Charges | N/A | 2% Monthly, 24% Yearly | N/A | ||
c | Platinum Credit Card | ||||
First Issue Fee / Annual Fee | Rs 345 (incl VAT) | N/A | N/A | ||
Supplementary Card | Rs 175 (incl VAT) | N/A | N/A | ||
Card Replacement Fee | Rs 175 (incl VAT) | N/A | N/A | ||
Late Payment Fee | Rs 250 (incl VAT) | N/A | N/A | ||
Overlimit Fee | 2.5% of Overlimit amount or Min Rs 200 | N/A | N/A | ||
Cash Advance Fee (Local and Foreign) | 2.5% of withdrawn amount. Minimum Rs200 | N/A | N/A | ||
Conversion Fee | 3.0% of the amount on Foreign Currency transactions | N/A | N/A | ||
Interest Charges | 2% Monthly, 24% Yearly | N/A | N/A | ||
d | World Credit Card | ||||
First Issue Fee / Annual Fee | Rs 3,700 (incl VAT) | N/A | N/A | ||
Supplementary Card | Rs 1,850 (incl VAT) | N/A | N/A | ||
Card Replacement Fee | Rs 1,850 (incl VAT) | N/A | N/A | ||
Late Payment Fee | Rs 500 (incl VAT) | N/A | N/A | ||
Overlimit Fee | 2.5% of Overlimit amount or Min Rs 500 | N/A | N/A | ||
Cash Advance Fee (Local and Foreign) | 2.5% of withdrawn amount. Minimum Rs200 | N/A | N/A | ||
Conversion Fee | 3.0% of the amount on Foreign Currency transactions | N/A | N/A | ||
Interest Charges | 2% Monthly, 24% Yearly | N/A | |||
FCY Debit & Credit Cards | |||||
11 | USD | ||||
a | Platinum Debit Card | ||||
First Issue Fee / Annual fee | N/A | $ 25 (incl VAT) | N/A | ||
Supplementary Card | $ 10 (incl VAT) | $ 10 (incl VAT) | N/A | ||
Card Replacement Fee | $ 5 (incl VAT) | $ 5 (incl VAT) | N/A | ||
b | Business Credit Card | ||||
First Issue Fee / Annual fee | N/A | $ 99 (incl VAT) | N/A | ||
Supplementary Card | N/A | $ 50 (incl VAT) | N/A | ||
Card Replacement Fee | N/A | $ 25 (incl VAT) | N/A | ||
Late Payment Fee | N/A | $ 10 (incl VAT) | N/A | ||
Overlimit Fee | N/A | 2.5% of Overlimit amount or Min $ 5 | N/A | ||
Cash Advance Fee (Local and Foreign) | N/A | 2.5% of withdrawn amount. Minimum $ 5 | N/A | ||
Conversion Fee | N/A | 3.0% of the amount on Foreign Currency transactions | N/A | ||
Interest Charges | N/A | 2% Monthly, 24% Yearly | |||
c | Platinum Credit Card | ||||
First Issue Fee / Annual fee | $ 99 (incl VAT) | N/A | N/A | ||
Supplementary Card | $ 50 (incl VAT) | N/A | N/A | ||
Card Replacement Fee | $ 25 (incl VAT) | N/A | N/A | ||
Late Payment Fee | $ 5 (incl VAT) | N/A | N/A | ||
Overlimit Fee | 2.5% of Overlimit amount or Min $ 5 | N/A | N/A | ||
Cash Advance Fee (Local and Foreign) | 2.5% of withdrawn amount. Minimum $ 5 | N/A | N/A | ||
Conversion Fee | 3.0% of the amount on Foreign Currency transactions | N/A | N/A | ||
Interest Charges | 2% Monthly, 24% Yearly | ||||
d | World Credit Card | ||||
First Issue Fee / Annual fee | $ 149 (incl VAT) | N/A | N/A | ||
Supplementary Card | $ 75 (incl VAT) | N/A | N/A | ||
Card Replacement Fee | $ 25 (incl VAT) | N/A | N/A | ||
Late Payment Fee | $ 10 (incl VAT) | N/A | N/A | ||
Overlimit Fee | 2.5% of Overlimit amount or Min $ 10 | N/A | N/A | ||
Cash Advance Fee (Local and Foreign) | 2.5% of withdrawn amount. Minimum $ 5 | N/A | N/A | ||
Conversion Fee | 3.0% of the amount on Foreign Currency transactions | N/A | N/A | ||
Interest Charges | 2% Monthly, 24% Yearly | ||||
12 | EUR | ||||
a | Platinum Debit Card | € 25 (incl VAT) | N/A | ||
First Issue Fee / Annual fee | € 10 (incl VAT) | € 10 (incl VAT) | N/A | ||
Card Replacement Fee | € 5 (incl VAT) | € 5 (incl VAT) | N/A | ||
b | Business Credit Card | ||||
First Issue Fee / Annual fee | N/A | 1% | N/A | ||
Supplementary Card | N/A | Minimum Rs1,000/- and Maximum Rs25,000/- | N/A | ||
Card Replacement Fee | N/A | 1% Minimum Rs1,000/- | N/A | ||
Late Payment Fee | N/A | N/A | |||
Overlimit Fee | N/A | Secured, home, educational & car loan: 1.25% | N/A | ||
Cash Advance Fee (Local and Foreign) | N/A | 2.5% of withdrawn amount. Minimum $ 5 | N/A | ||
Conversion Fee | N/A | 3.0% of the amount on Foreign Currency transactions | N/A | ||
Interest Charges | N/A | 2% Monthly, 24% Yearly | N/A | ||
c. | Platinum Credit Card | ||||
First Issue Fee / Annual fee | € 99 (incl VAT) | N/A | N/A | ||
Supplementary Card | € 50 (incl VAT) | N/A | N/A | ||
Card Replacement Fee | € 10 (incl VAT) | N/A | N/A | ||
Late Payment Fee | € 5 (incl VAT) | N/A | N/A | ||
Overlimit Fee | 2.5% of Overlimit amount or Min € 5 | N/A | N/A | ||
Cash Advance Fee (Local and Foreign) | 2.5% of withdrawn amount. Minimum € 5 | N/A | N/A | ||
Conversion Fee | 3.0% of the amount on Foreign Currency transactions | N/A | N/A | ||
Interest Charges | 2% Monthly, 24% Yearly | ||||
d | World Credit Card | ||||
First Issue Fee / Annual fee | € 149 (incl VAT) | N/A | N/A | ||
Supplementary Card | € 75 (incl VAT) | N/A | N/A | ||
Card Replacement Fee | € 10 (incl VAT) | N/A | N/A | ||
Late Payment Fee | € 10 (incl VAT) | N/A | N/A | ||
Overlimit Fee | 2.5% of Overlimit amount or Min € 10 | N/A | N/A | ||
Cash Advance Fee (Local and Foreign) | 2.5% of withdrawn amount. Minimum € 5 | N/A | N/A | ||
Conversion Fee | 3.0% of the amount on Foreign Currency transactions | N/A | N/A | ||
Interest Charges | 2% Monthly, 24% Yearly | ||||
e | Common charges for Credit Cards | ||||
Cash Advance Fee (Local and Foreign) - Except for Classic Card | |||||
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 | ||
13 | Loans and Advances | ||||
a | Processing 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/- | N/A | |||
(ii) Others | Up to Rs5.0M | 1% Minimum Rs1,000/- | N/A | ||
Secured, home, educational & car loan: 1.25% | Secured, home, educational & car loan: 1.25% | N/A | |||
Consumer Loan: 1.50% | Consumer Loan: 1.50% | N/A | |||
Minimum Rs2,000/- and Maximum Rs50,000 | |||||
Above Rs5.0M: 1.25%, Maximum Rs100,000/- | For SMEs (Up to Rs5.0M): 1% | N/A | |||
Minimum Rs1,000/- and Maximum Rs25,000 | N/A | ||||
For SMEs (Above Rs5.0M): 1% | N/A | ||||
Maximum Rs100,000/- | N/A | ||||
(iii) Temporary increase in Overdraft Limit | 1% pro rata, Minimum 1 month | 1% pro rata, Minimum 1 month | N/A | ||
b | Processing Fee - Overdraft (Renewal at existing level) | 0.50% | 0.5% | N/A | |
Minimum Rs500/- and Maximum Rs25,000/- | Minimum Rs500/- and Maximum Rs50,000/- | N/A | |||
Temporary Overdraft Facility | 0.50% pro rata, Minimum 1 month | 0.50% pro rata, 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 | 6% p.a. above the agreed rate of interest | N/A | ||
One-off home loan fee | Rs 2,000 (incl vetting of charge documents, 1st site visit, vetting of title deeds) | N/A | |||
c | 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 01.01.2014. For loans granted prior to 01.01.2014, a fee of 1% p.a. will apply on the amount paid in advance, up to a maximum of MUR200,000, except for facilities governed by the 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 Fee | Rs500/- | Rs500/- | N/A | ||
Cancellation Fee | Rs1,000/- | Rs1,000/- | N/A | ||
Monthly Loan Service Fee | Rs115/- (incl VAT) | Rs115/- (incl VAT) | N/A | ||
Reschedulement Fee | 0.5% - Minimum Rs1,000/- | 0.5% - Minimum Rs1,000/- | N/A | ||
Penalty rate in case of breach in loan conditions | Increase of 2% in the interest margin | ||||
14 | Legal charges for creation of security documents | ||||
Fixed / Floating Charges | Rs500/- | Rs1,000/- | N/A | ||
Others | |||||
Gages sans deplacement | Same as fixed / floating charges | Same as fixed / floating charges | |||
Erasure of charges | Actual Government of Mauritius Charges + Rs500/- | Actual Government of Mauritius Charges + Rs500/- | |||
Pari-Passu | Actual Government of Mauritius Charges + Rs1,000/- | Actual Government of Mauritius Charges + Rs1,000/- | |||
Change in Security | Actual Government of Mauritius Charges + Rs500/- | Actual Government of Mauritius Charges + Rs1,000/- | |||
Partial Erasure | Actual Government of Mauritius Charges + Rs1,000/- | Actual Government of Mauritius Charges + Rs500/- | |||
Cession de Priorité | Rs500/- | Rs500/- | |||
Crystallisation Fees | Rs100/- | Rs100/- | |||
Change in Guarantor / Guarantee | Government fee + Rs200/- | Government fee + Rs500/- | |||
Renewal of Charges / Sureties | Actual Notary fee + Rs500/- | Actual Notary fee + Rs500/- | |||
Preparation of "Quittance & Mainlevée" | Housing and other secured advances: Rs600/- | Corporate: Rs2,500/- | |||
MCIB Fee | Nil | Nil | |||
Search Fee | Housing and other secured advances: Rs500/- Consumer Loans: Nil | Corporate / SMEs: Rs500/- | |||
Site Inspection | Rs 575 /- (incl VAT) per site visit | Rs 575 /- (incl VAT) per site visit | |||
Valuation of Property | Actuals as per valuer | Actuals as per valuer | |||
Reminder Fee (account in arrears) | Free | Free | |||
15 | Import Transactions | ||||
Letter of Credit Opening | |||||
Commission and Extension Commission | |||||
First 6 months | 0.5% - Minimum Rs800/- | 0.5% - Minimum Rs800/- | N/A | ||
Each 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 | Extension: 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 Credit | Rs500/- | Rs500/- | 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 | ||
Cancellation Fee | |||||
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 | USD200/- or equivalent | USD200/- or equivalent | N/A | ||
Others | Rs500/- fortnightly on overdue bills | Rs500/- fortnightly on overdue bills | N/A | ||
Local Bills | |||||
Collection of local bills | 0.50% flat - Minimum Rs500/- | 0.50% flat - Minimum Rs500/- | N/A | ||
16 | Export 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 Rs175/- | 0.25% - Minimum Rs800/- + SWIFT Charges Rs175/- | 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 | 0.50% - Minimum Rs400/- | 0.50% - Minimum Rs400/- | N/A | ||
Handling Fee | Rs500/- | Rs500/- | N/A | ||
Local Fee | Rs200/- | Rs200/- | N/A | ||
Courier Service | Actual amount as claimed by courier | Actual amount as claimed by courier | N/A | ||
Minimum Rs1,200/- | Minimum Rs1,200/- | ||||
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/- | Rs500/- | N/A | ||
17 | Bank Guarantees | ||||
Tender Bonds | 1% 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 Bonds | 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 Rs750/- | 2% p.a. - Minimum Rs750/- | N/A | ||
Avalised Bills of Exchange | 2% p.a. - Minimum Rs1,000/- | 2% p.a. - Minimum Rs1,000/- | N/A | ||
Customs Guarantees | 1.5% p.a. - Minimum Rs1,000/- | 1.5% p.a. - Minimum Rs1,000/- | N/A | ||
Money Guarantees | 2% p.a. - Minimum Rs750/- | 2% p.a. - Minimum Rs750/- | N/A | ||
Others | 1.5% 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 | |||||
Internet banking transfers up to USD 12,500 or equivalent with payment option OURS | USD30/- | USD30/- | |||
Internet banking transfers up to USD 12,500 or equivalent with payment option Beneficiary (BEN) and Shared (SHA) | USD10/- | USD10/- | |||
Commission | Rs300/- plus overseas bank charges where applicable | Rs300/- plus overseas bank charges where applicable | N/A | ||
SWIFT Charges | Rs200/- | Rs200/- | N/A | ||
Outward Remittances by Draft | |||||
Commission | Rs150/- plus overseas bank charges where applicable | Rs50/- plus overseas bank charges where applicable | N/A | ||
Stop Payment on Draft | Rs200/- plus overseas bank charges where applicable | Rs200/- plus overseas bank charges where applicable | N/A | ||
Inward Remittances | |||||
Telegraphic Transfer (TT) | Rs150/- | Rs150/- | N/A | ||
Drafts | Rs100/- plus overseas bank charges where applicable | Rs100/ -plus overseas bank charges where applicable | N/A | ||
Debit to Foreign Currency Accounts | |||||
Commission in lieu of Exchange | Over the counter 0.50% on amount | Over the counter 0.50% on amount | N/A | ||
Minimum USD25/- and Maximum USD250/- Internet Banking 0.50% on amount Minimum USD10/- and Maximum USD250/- | Minimum USD25/- and Maximum USD250/- Internet Banking 0.50% on amount Minimum USD10/- and Maximum USD250/- | ||||
General Charges | N/A | ||||
Invoice Substitution fee | Rs300/- (except for transfer of Letter of Credits) | Rs300/- (except for transfer of Letter of Credits) | N/A | ||
D | GENERAL SERVICES | ||||
18 | Treasury Bills | ||||
Account Opening Fee | 250 | N/A | N/A | ||
Transaction Fee | 0.25% Minimum Rs 1,000/- Maximum Rs 2,500/- | N/A | N/A | ||
19 | Debit Cards | ||||
Annual Fee | N/A | N/A | N/A | ||
Urgent forwarding of card to overseas address | Actual costs | Actual costs | N/A | ||
Conversion Fee | 3.0% of the amount on Foreign Currency transactions | 3.0% of the amount on Foreign Currency transactions | N/A | ||
Withdrawals | |||||
Bank One ATMs | N/A | N/A | N/A | ||
Other banks' ATMs (local and foreign) | Rs75 or $5 or € 5 | Rs75 or $5 or € 5 | N/A | ||
20 | Internet Banking | ||||
Subscription Fee | Free | Free | N/A | ||
Free | Free | N/A | |||
21 | Transfer Fee | ||||
MACSS | Over the counter: Rs125/- Internet Banking: Free for amount up to Rs 250,000 Rs 50 for amount above Rs 250,000 | Over the counter: Rs125/- Internet Banking: Rs 100/- | N/A | ||
Normal | Over the counter: Rs 50/- | Rs50/- | N/A | ||
Internal | Rs 30/- over the counter | Rs 30/- over the counter | N/A | ||
Free using Internet Banking | Free using Internet Banking | ||||
22 | Testimonials / Certificates | ||||
Audit Confirmation Certificate | Rs1,000/- | 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 balance | Free | Rs1,000/- | N/A | ||
Certificate of Interest / Balance / Liabilities / Others | Free | Rs300/- | N/A | ||
Financial Standing | 0.10% | 0.10% | N/A | ||
Minimum Rs2,500/- and Maximum Rs10,000/- | Minimum Rs2,500/- and Maximum Rs10,000/- | ||||
Visa / Educational / Medical | Rs100/- | Rs100/- | N/A | ||
Copies of tax certificates at customer's request | Rs100/- | Rs100/- | N/A | ||
23 | Standing Instructions | ||||
Internal transfer | Rs 30/- over the counter | Rs 30/- over the counter | N/A | ||
Free using Internet Banking | Free using Internet Banking | ||||
Transfer to other banks | Rs30/- | Rs30/- | N/A | ||
Dishonoured Standing Orders for lack of funds | Rs150/- | Rs150/- | N/A | ||
Direct Debit | Rs6/- | Rs6/- | N/A | ||
Unpaid Direct Debit due to lack of funds | Rs150/- | Rs150/- | N/A | ||
24 | Cheques | ||||
Return Outward (clearing or at counter) | Bank One cheque: Free | Bank One cheque: Free | N/A | ||
Other banks: Rs100/- per cheque | Other banks: Rs100/- per cheque | N/A | |||
Return Inward | Rs350/- per cheque | Rs350/- per cheque | N/A | ||
Stop Payment Orders | Rs100/- | Rs100/- | N/A | ||
Office Cheque Issuance | Rs150/- | Rs150/- | N/A | ||
Purchase of foreign cheques / banks draft | Rs100/- | Rs100/- | N/A | ||
25 | Special Clearing | ||||
Inward | Rs200/- | Rs200/- | N/A | ||
Outward | Rs100/- | Rs100/- | N/A | ||
26 | Maintenance 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 above | N/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 | ||
27 | Others | ||||
Emailing Statement | Rs25/-, frequency weekly | Rs25/-, frequency weekly | N/A | ||
Fax / Email Transmission Cost | Rs125/- per page (overseas); | Rs125/- per page (overseas); Rs15/- per page (local) | N/A | ||
Rs15/- per page (local) | |||||
Current Account Statement by Fax | Ad 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 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/A | Rs100/- per item | N/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 | ACTUAL CHARGES | |
---|---|---|
REMITTANCES | ||
INWARD* | ||
Telegraphic Transfers* | Free of charge full credit of amount received excluding all charges levied by overseas Bank | |
Cash Deposit | 1.25% (Min USD25) | |
Cheques for collection | USD 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 OURS | USD50/- | |
Telegraphic Transfers - Internet Banking for transactions up to USD12,500/- or equivalent for option Beneficiary (BEN) and Shared (SHA) | USD30/- | |
Disclaimer: *Inward (Telegraphic Transfers) and Outward Remittances for an amount equal to or above USD 5 Million (or equivalent in other currencies), the Bank may apply an additional fee as mutually agreed with the client. | ||
Late payment fee on payment request after cut-off time* | USD 200 * | |
Drafts | USD 50 | |
Cash Withdrawal | 1.25%(Min USD25) | |
INTERNET BANKING | ||
Reset of Internet Banking login & Transaction PIN | Free of charge | |
TRADE SERVICES/ LC's | ||
IMPORTS | ||
Issuance | 0.50% for first 6 months or part thereof Min USD 50 + 0.25% for each additional quarter or part thereof | |
Amendment others | USD 40 | |
Amendment/ increase in amount | 0.50% for first 6 months or part thereof Min USD 50 + 0.25% for each additional quarter or part thereof | |
Transmission cost By SWIFT | ||
Acceptance | 0.125% per month or part thereof | |
NEGOTIATING CHARGES | ||
Local fee | MUR200.- | |
SWIFT charges | USD20.- | |
LC negotiating commission | 0.25% of bill amount | |
Acceptance commission (under usance LC) | 0.125% per month or part thereof | |
EXPORTS | ||
Advising | 0.1% flat (Min USD 40, Max USD 500) | |
Advising of Amendment | USD 50 | |
Confirmation (subject to arrangement) | 0.25% flat (Min USD 100) | |
Negotiation | 0.25% (Min-USD 30, Max-USD 50) | |
DOCUMENTARY COLLECTIONS | ||
IMPORT & EXPORT | ||
For release against acceptance, payment or free of payment | 0.25% flat (Min USD 50) | |
TRANSMISSION COSTS | ||
Courrier service | Min USD 50 per mail | |
Fax Overseas | USD 5 per page | |
Fax local | Free | |
Other (Swift, Telex etc.) | USD 20 | |
SUNDRY CHARGES | ||
Ledger fees | USD 50 semi annually | |
Minimum Balance fees | Elite 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 currencies | As per market practice | |
Investigation with Correspondent Bank | USD 25 per request | |
Bank reference | USD 50 | |
Account Reactivation | USD 75 | |
Information from archives | Search fee of USD 10 + USD 5 per page | |
BALANCE AUDIT CONFIRMATIONS | ||
(within 12 months) | USD 50 | |
(after 12 months) | USD 75 | |
KYC report | USD 50 | |
DUPLICATE STATEMENTS | ||
6 months old or less | USD 20 | |
More than 6 months | USD 30 | |
Standing orders | USD 10 per order | |
Closure of account | International/ Elite Banking: USD50 Private Banking: USD100 | |
BANK GUARANTEES | ||
AVAL' of negotiable Instruments (Bill of exchange) | 1% flat min USD 100 | |
Performance Bonds | 1.25% p.a. min USD 150 | |
Tender Bonds | ||
Advance Payment Guarantee | 1% p.a. min USD 150 | |
Shipping Guarantee | USD 50 | |
Customs and others | 1% p.a. min USD 150 | |
Custody fees | As per agreement | |
LOANS AND ADVANCES | ||
Processing fee | As per agreement | |
Amendment fee | As per agreement | |
Cancellation fee | As per agreement | |
Search and MCIB fee | Equivalent Rs 600/- | |
*Subject to approval from LOB | ||
CREDIT FACILITIES | ||
Debit & Credit Cards | Individual | Corporate |
Platinum Debit Card | ||
First Issue Fee / Annual fee | N/A | Rs 345 (incl VAT) |
Supplementary Card | Rs 175 (incl VAT) | Rs 175 (incl VAT) |
Card Replacement Fee | Rs 175 (incl VAT) | Rs 175 (incl VAT) |
Business Credit Card | ||
First Issue Fee / Annual fee | N/A | Rs 345 (incl VAT) |
Supplementary Card | N/A | Rs 175 (incl VAT) |
Card Replacement Fee | N/A | Rs 175 (incl VAT) |
Late Payment Fee | N/A | Rs 500 (incl VAT) |
Overlimit Fee | N/A | 2.5% of Overlimit amount or Min Rs 200 |
Cash Advance Fee (Local and Foreign) | N/A | 2.5% of withdrawn amount. Minimum Rs200 |
Conversion Fee | N/A | 3.0% of the amount on Foreign Currency transactions |
Interest Charges | N/A | 2% Monthly, 24% Yearly |
Platinum Credit Card | ||
First Issue Fee / Annual fee | Rs 345 (incl VAT) | N/A |
Supplementary Card | Rs 175 (incl VAT) | N/A |
Card Replacement Fee | Rs 175 (incl VAT) | N/A |
Late Payment Fee | Rs 250 (incl VAT) | N/A |
Overlimit Fee | 2.5% of Overlimit amount or Min Rs 200 | N/A |
Cash Advance Fee (Local and Foreign) | 2.5% of withdrawn amount. Minimum Rs200 | N/A |
Conversion Fee | 3.0% of the amount on Foreign Currency transactions | N/A |
Interest Charges | 2% Monthly, 24% Yearly | |
World Credit Card | ||
First Issue Fee / Annual fee | Rs 3,700 (incl VAT) | N/A |
Supplementary Card | Rs 1,850 (incl VAT) | N/A |
Card Replacement Fee | Rs 1,850 (incl VAT) | N/A |
Late Payment Fee | Rs 500 (incl VAT) | N/A |
Overlimit Fee | 2.5% of Overlimit amount or Min Rs 500 | N/A |
Cash Advance Fee (Local and Foreign) | 2.5% of withdrawn amount. Minimum Rs200 | N/A |
Conversion Fee | 3.0% of the amount on Foreign Currency transactions | N/A |
Interest Charges | 2% Monthly, 24% Yearly | |
FCY Debit & Credit Cards | ||
USD | ||
Platinum Debit Card | ||
First Issue Fee / Annual fee | N/A | $ 25 (incl VAT) |
Supplementary Card | $ 10 (incl VAT) | $ 10 (incl VAT) |
Card Replacement Fee | $ 5 (incl VAT) | $ 5 (incl VAT) |
Business Credit Card | ||
First Issue Fee / Annual fee | N/A | $ 99 (incl VAT) |
Supplementary Card | N/A | $ 50 (incl VAT) |
Card Replacement Fee | N/A | $ 25 (incl VAT) |
Late Payment Fee | N/A | $ 10 (incl VAT) |
Overlimit Fee | N/A | 2.5% of Overlimit amount or Min $ 5 |
Cash Advance Fee (Local and Foreign) | N/A | 2.5% of withdrawn amount. Minimum $ 5 |
Conversion Fee | N/A | 3.0% of the amount on Foreign Currency transactions |
Interest Charges | N/A | 2% Monthly, 24% Yearly |
Platinum Credit Card | ||
First Issue Fee / Annual fee | $ 99 (incl VAT) | N/A |
Supplementary Card | $ 50 (incl VAT) | N/A |
Card Replacement Fee | $ 25 (incl VAT) | N/A |
Late Payment Fee | $ 5 (incl VAT) | N/A |
Overlimit Fee | 2.5% of Overlimit amount or Min $ 5 | N/A |
Cash Advance Fee (Local and Foreign) | 2.5% of withdrawn amount. Minimum $ 5 | N/A |
Conversion Fee | 3.0% of the amount on Foreign Currency transactions | N/A |
Interest Charges | 2% Monthly, 24% Yearly | |
World Credit Card | ||
First Issue Fee / Annual fee | $ 149 (incl VAT) | N/A |
Supplementary Card | $ 75 (incl VAT) | N/A |
Card Replacement Fee | $ 25 (incl VAT) | N/A |
Late Payment Fee | $ 10 (incl VAT) | N/A |
Overlimit Fee | 2.5% of Overlimit amount or Min $ 10 | N/A |
Cash Advance Fee (Local and Foreign) | 2.5% of withdrawn amount. Minimum $ 5 | N/A |
Conversion Fee | 3.0% of the amount on Foreign Currency transactions | N/A |
Interest Charges | 2% Monthly, 24% Yearly | |
EUR | ||
Platinum Debit Card | ||
First Issue Fee / Annual fee | 0 | € 25 (incl VAT) |
Supplementary Card | € 10 (incl VAT) | € 10 (incl VAT) |
Card Replacement Fee | € 5 (incl VAT) | € 5 (incl VAT) |
Business Credit Card | ||
First Issue Fee / Annual fee | N/A | € 99 (incl VAT) |
Supplementary Card | N/A | € 50 (incl VAT) |
Card Replacement Fee | N/A | € 10 (incl VAT) |
Late Payment Fee | N/A | € 10 (incl VAT) |
Overlimit Fee | N/A | 2.5% of Overlimit amount or Min € 5 |
Cash Advance Fee (Local and Foreign) | N/A | 2.5% of withdrawn amount. Minimum € 5 |
Conversion Fee | N/A | 3.0% of the amount on Foreign Currency transactions |
Interest Charges | N/A | 2% Monthly, 24% Yearly |
Platinum Credit Card | ||
First Issue Fee / Annual fee | € 99 (incl VAT) | N/A |
Supplementary Card | € 50 (incl VAT) | N/A |
Card Replacement Fee | € 10 (incl VAT) | N/A |
Late Payment Fee | € 5 (incl VAT) | N/A |
Overlimit Fee | 2.5% of Overlimit amount or Min € 5 | N/A |
Cash Advance Fee (Local and Foreign) | 2.5% of withdrawn amount. Minimum € 5 | N/A |
Conversion Fee | 3.0% of the amount on Foreign Currency transactions | N/A |
Interest Charges | 2% Monthly, 24% Yearly | N/A |
World Credit Card | ||
First Issue Fee / Annual fee | € 149 (incl VAT) | N/A |
Supplementary Card | € 75 (incl VAT) | N/A |
Card Replacement Fee | € 10 (incl VAT) | N/A |
Late Payment Fee | € 10 (incl VAT) | N/A |
Overlimit Fee | 2.5% of Overlimit amount or Min € 10 | N/A |
Cash Advance Fee (Local and Foreign) | 2.5% of withdrawn amount. Minimum € 5 | N/A |
Conversion Fee | 3.0% of the amount on Foreign Currency transactions | N/A |
Interest Charges | 2% Monthly, 24% Yearly | |
Common charges for Credit Cards | ||
Replacement Card Fee (sent abroad) | Replacement fee + Additional courier charges for cards sent abroad | Replacement fee + Additional courier charges for cards sent abroad |
Statement Request Fee MUR | Rs25/- per page + Rs500/- if beyond 2 years | Rs25/- per page + Rs500/- if beyond 2 years |
Statement Request Fee USD | $ 1.15/- per page | $ 1.15/- per page |
Statement Request Fee EUR | € 1.15/- per page | € 1.15/- per page |
Bank One ATMs | N/A | N/A |
Other banks' ATMs (local and foreign) | Rs75 or $5 or € 5 | Rs75 or $5 or € 5 |
Term deposits (MUR) | Individual | Corporate |
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 receipt | Rs50/- | Rs100/- |
Term deposits (FCY) | Individual | Corporate |
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.
Bank One Disclaimer
Legal Notice
Welcome to www.bankone.mu!
Please read the following important information before accessing this Website:
This Website is owned and operated by BANK ONE LIMITED and the use thereof indicate that you accept the Bank’s Terms and Conditions of Use.
If you do not agree to the Terms and Conditions of Use, you should not use the Website.
The Bank may, at its entire discretion, at any time and without notice, modify or update such Terms and Conditions of Use. Such changes shall be effective immediately and you shall be deemed to have accepted same if you continue to use the Website.
Although the Bank endeavours to provide correct information on its Website, it does not give any warranty express or implied as to its accuracy, completeness and reliability.
The Bank does not accept any liability for any errors or omissions of whatsoever nature as regards information, materials, functions and applications contained in its Website or as to any third-party Websites linked to or from its Website.
Terms & Conditions of Use
1) Information available on the Website are allowed to be printed and / or downloaded for personal use only and not for commercial purposes.
You may not reproduce, transmit or store any information contained on the Bank’s Website on any other Website without the Bank’s written permission.
2) The Website is intended to provide general information on the Bank and its products and services.
No information contained on the Website shall constitute or is intended to constitute financial, legal, accounting, investment or other professional advice or services. You are advised to take professional advice from a suitably qualified professional or adviser before taking any decision relating to your finances or business.
3) You acknowledge that information transmitted via the Internet is susceptible to monitoring and interception and you will be bear all risk of using such means. You further acknowledge that any unsolicited information communicated to us via Internet cannot be guaranteed to remain confidential.
4) The Website may contain technical, typographical or other inaccuracies and you are urged to contact us to confirm all information contained on this Website before placing any reliance on it.
5) The Bank agrees to make reasonable efforts to ensure full performance of its Internet Banking transactions. The Bank will be responsible for acting only on those instructions sent through Internet Banking which are actually received. The Bank does not assume responsibility for any malfunctioning in communication facilities not under its control that may affect the accuracy or timeliness of messages you send. The Bank will not be responsible for any losses or delays in transmission of instructions arising or caused by any browser software. It will, furthermore, not be accountable should you provide incorrect instructions or if your payment instructions are not given sufficiently in advance to allow for timely payment or delays in mail service.
Collection of Information
The Bank will not collect any information about you except where it is knowingly provided to us through this Website. The information we collect about you will depend on how you use the facilities offered via this web site.
In the event that you enter information in the process of completion of an online application form, the information will only be collected by us if you submit that online application to us. In other words, if you log out prior to submitting your application, any information which you had entered would be automatically deleted.
The Bank requires information to understand your needs and provide you with a better service, and in particular for the following reasons:
Internal record keeping.
Use the information to improve its products and services.
Sending periodicals and promotional emails on new products, special offers or other information which the Bank thinks you may find interesting using the email address which you have provided.
Our Contact Centre may call you to suggest products and services that are relevant to your needs based on the information you have provided.
Occasionally, the Bank may also use your personal information to contact you for market research purposes.
The Bank may contact you by email, phone, fax or mail and may use the information provided to customise the Website according to your interests.
The Bank will not sell or distribute your personal information to third parties unless it has your permission or is required by law to do so. You may request details of personal information which the Bank holds about you under the Data Protection Act 2004. If you would like a copy of the information held on you, please write to us.
If you believe that any information the Bank is holding on you is incorrect or incomplete, please write to or email us as soon as possible. The Bank will promptly correct any information found to be incorrect.
DISCLAIMER
In no event will the Bank be liable for any damages including but not limited to direct or indirect, special, incidental, consequential or punitive damages, losses or expenses arising out of the use of its Website, or incurred as a result of any failure of performance, transmission of information, any interruption or availability of its Website, delay in operation or transmission, computer virus, loss of data, or otherwise.
Neither the Bank nor its directors, shareholders, agents, consultants, representatives, officers or employees shall be liable for any damages or losses resulting from your use or inability to use its Website or any information contained therein, including without limitation any direct or indirect, special, incidental, consequential or punitive damages whether arising out of contract, statute and tort or otherwise.
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