(Last updated 23.08.2019)
 ParticularsIndividualsCorporatesOthers
AInterest Rates
1Deposits
Savings1.95% p.a.N/A

N/A
Moneytree1.95% p.a (S.B + 0.55% 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 Rate6.55% p.a.6.55% p.a.N/A
Other credit facilities – margin over PLRAs per arrangementAs per arrangementN/A
3Credit facilities (FCY)
Margin over LIBORAs per arrangementAs per arrangementN/A
BDEPOSITS
4Savings Account
Minimum account opening 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 FeeRs75/- + VAT monthlyRs0.75+VAT per transaction.
Minimum Rs100/- + VAT monthly
N/A
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Deposit withdrawn before maturity (at the discretion of the Bank)No interest is payable on deposit if withdrawn within 3 months from date of deposit.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 In absence of any quotation, prevailing SB rates less 1% penalty will be applied.No interest is payable on deposit if withdrawn within 3 months from date of deposit.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
8 Term deposits (FCY)
Minimum amount (in the currency)5,000/-5,000/-N/A
Deposit withdrawn before maturity (at the discretion of the Bank)No interest is payable on deposit if withdrawn within 3 months from date of deposit. After 3 months – The rate applicable will be that prevailed at the time of placement for the period the deposit has run less 1% penalty. In absence of any quotation, prevailing SB rate less 1% penalty will be applied.
No interest is payable on deposit if withdrawn within 3 months from date of deposit. After 3 months – The rate applicable will be that prevailed at the time of placement for the period the deposit has run less 1% penalty. In absence of any quotation, prevailing SB rate less 1% penalty will be applied.
N/A
9Foreign Currency Account
Minimum balance
• Euro1,0002,000N/A
• Pound Sterling1,0002,000N/A
• US Dollar1,0002,000N/A
• Other CurrencyAs per arrangementAs per arrangementN/A
Minimum credit balance to earn interest1,000 (for Euro, Pound Sterling and US Dollar)2,000 (for Euro, Pound Sterling and US Dollar)N/A
General charges1% on cash deposit and withdrawal1% on cash deposit and withdrawalN/A
CCREDIT FACILITIES
10Credit Cards
aClassic Card
First Issue Fee / Annual feeRs200/- + VATRs200/- + VATN/A
Card Replacement FeeRs350/- + VATRs350/- + VATN/A
Request for increase in limitRs125/- (fixed)Rs125/- (fixed)N/A
Late Payment FeeRs200/-Rs200/-N/A
Cash Advance Fee
(Local and Foreign)
2.5% of withdrawn amount.
Minimum Rs125/-
2.5% of withdrawn amount.
Minimum Rs125/-
N/A
Interest Charges (Planters Card)1% per month, 12% yearly1% per month, 12% yearlyN/A
Interest Charges (Teachers Card)1.21% per month, 14.50% yearly1.21% per month, 14.50% yearlyN/A
b Gold Card
First Issue Fee / Annual feeRs700/- + VAT Rs700/- + VAT N/A
Card Replacement FeeRs350/- + VATRs350/- + VAT N/A
Lost / Stolen Advice FeeFreeFreeN/A
Late Payment FeeRs200/-Rs200/-N/A
c Platinum Card
First Issue Fee / Annual FeeRs1,300/- +VATRs1,300/- +VATN/A
Card Replacement FeeRs350/- + VATRs350/- + VATN/A
Lost / Stolen Advice FeeFreeFreeN/A
Late Payment FeeRs250Rs250N/A
d Infinite Card
First Issue Fee / Annual FeeRs3,200/- +VATRs3,200/- + VATN/A
Card Replacement FeeRs500/- + VATRs500/- + VATN/A
Late Payment FeeRs500/- (fixed)Rs500/- (fixed)N/A
Overlimit FeeRs500/- (fixed)Rs500/- (fixed)N/A
Interest Charges1.90% per month, 22.8% yearly1.90% per month, 22.8% yearlyN/A
e Business Card
First Issue Fee / Annual FeeN/ARs450/- + VATN/A
Card Replacement FeeN/ARs350/- + VATN/A
Request for increase in limitN/AN/AN/A
Late Payment FeeN/ARs225/- (fixed)N/A
Cash Advance Fee
(Local and Foreign)
N/A2% of withdrawn amount.
Minimum Rs100/-
N/A
fCommon charges for Credit Cards
PIN Re-issuance FeeRs50/- + VATRs50/- + VATN/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.
Minimum Rs125/-
2.5% of withdrawn amount.
Minimum Rs125/-
N/A
Replacement Card Fee (sent abroad)Replacement fee + Additional courier charges for cards sent abroadReplacement fee + Additional courier charges for cards sent abroadN/A
Statement Request FeeRs25/- per page + Rs500/- if beyond 2 yearsRs25/- per page + Rs500/- if beyond 2 yearsN/A
Conversion Fee3.0% of the amount on Foreign Currency transactions3.0% of the amount on Foreign Currency transactionsN/A
11Loans and Advances
aProcessing Fee - Overdraft / Loan / Bills Discounted (New or Additional)
(i) Fully secured by Cash Deposit (with margin)1.25% 
Minimum Rs1,500/- and Maximum Rs50,000/-
1%
Minimum Rs1,000/- and Maximum Rs25,000/-
N/A
(ii) OthersUp to Rs5.0M: 1.25% 
Minimum Rs2,000/- and Maximum Rs50,000

Secured, home, educational & car loan: 1.25%

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

Secured, home, educational & car loan: 1.25%

Consumer Loan: 1.50%
N/A
Above Rs5.0M: 1.25%, Maximum Rs100,000/-For SMEs (Up to Rs5.0M): 1%
Minimum Rs1,000/- and Maximum Rs25,000
N/A
For SMEs (Above Rs5.0M): 1%
Maximum Rs100,000/-
N/A
(iii) Temporary increase in Overdraft Limit1% pro rata, Minimum 1 month1% pro rata, Minimum 1 monthN/A
bProcessing Fee - Overdraft (Renewal at existing level)0.5%
Minimum Rs500/- and Maximum Rs25,000/-
0.5%
Minimum Rs500/- and Maximum Rs50,000/-
N/A
Temporary Overdraft Facility0.50% pro rata, Minimum 1 month0.50% pro rata, Minimum 1 monthN/A
Penal fee exceeding authorised limit(a) 2% p.a above the normal rate of interest for all new overdraft facilities granted on or after 01.01.14. (b) For overdraft facilities granted prior to 01.01.14 a penal rate of 6% p.a. is maintained above the normal rate
6% p.a. above the agreed rate of interestN/A
Commitment fee
Commitment fee payable quarterly in advance after three months as from date of sanction letter on undrawn balance
1% p.a.1% p.a.N/A
Early Redemption / Prepayment FeeNo such fee will be charged on loans granted on or after 01.01.14. For loans granted prior to 01.01.14, a fee of 1% p.a. is maintained on amount paid in advance, except for facilities governed by Borrowers Protection Act.
1% p.a. on amount paid in advance over residual lifetime of loan
N/A
For SMEs - 2% of loan amount prepaid
Minimum Rs3,000/-
N/A
Amendment FeeRs500/-Rs500/-N/A
Cancellation FeeRs1,000/-Rs1,000/-N/A
Monthly Loan Service FeeRs75/- + VATRs75/- + VATN/A
Reschedulement Fee0.5% - Minimum Rs1,000/-0.5% - Minimum Rs1,000/-N/A
12Legal charges for creation of security documents
Fixed / Floating ChargesRs500/-Rs1,000/-N/A
Others
Gages sans deplacementSame as fixed / floating chargesSame as fixed / floating chargesN/A
Erasure of chargesActual Government of Mauritius Charges + Rs500/-Actual Government of Mauritius Charges + Rs500/-N/A
Pari-PassuActual Government of Mauritius Charges + Rs1,000/-Actual Government of Mauritius Charges + Rs1,000/-N/A
Change in SecurityActual Government of Mauritius Charges + Rs1,000/-Actual Government of Mauritius Charges + Rs1,000/-N/A
Partial ErasureActual Government of Mauritius Charges + Rs500/-Actual Government of Mauritius Charges + Rs500/-N/A
Cession de PrioritéActual Government of Mauritius Charges + Rs1,000/-Actual Government of Mauritius Charges + Rs1,000/-N/A
Crystallisation FeesRs500/-Rs500/-N/A
Change in Guarantor / GuaranteeRs100/-Rs100/-N/A
Renewal of Charges / SuretiesGovernment fee + Rs200/-Government fee + Rs500/-N/A
Preparation of "Quittance & Mainlevée"Actual Notary fee + Rs500/-Actual Notary fee + Rs500/-N/A
Search and MCIB FeeHousing and other secured advances: Rs600/-
Consumer Loans: Rs200/-
Corporate: Rs2,500/-
SMEs: Rs600/-
N/A
Site InspectionRs500/- + VAT per site visitRs500/- + VAT per site visitN/A
Valuation of PropertyActuals as per valuerActuals as per valuerN/A
Reminder Fee (account in arrears)FreeFreeN/A
13Import Transactions
Letter of Credit Opening
Commission and Extension Commission
First 6 months0.5% - Minimum Rs800/-0.5% - Minimum Rs800/-N/A
Each additional quarterly period0.25% - Minimum Rs800/-0.25% - Minimum Rs800/-N/A
Amendment Commission other than increase / extensionRs500/-Rs500/-N/A
Extension of Letter of Credit validity and increase in amountExtension: 0.25% per quarter - Minimum Rs800/- Increase in amount: 0.50% - Minimum Rs800/-
Extension: 0.25% per quarter - Minimum Rs800/- Increase in amount: 0.50% - Minimum Rs800/-
N/A
Transmission Cost by SWIFT
Opening Letter of CreditRs500/-Rs500/-N/A
Amendment on Letter of CreditRs300/-Rs300/-N/A
Letter of Credit Negotiating Charges
Letter of Credit negotiating commission0.25% - Minimum Rs500/-0.25% - Minimum Rs500/-N/A
SWIFT ChargesRs200/-Rs200/-N/A
Local FeeRs200/-Rs200/-N/A
Letter of Credit Acceptance Commission
Commission0.125% per month - Minimum Rs500/-0.125% per month - Minimum Rs500/-N/A
Cancellation Fee
CommissionRs150/- plus overseas bank charges where applicableRs150/- plus overseas bank charges where applicableN/A
Unutilised Fee
CommissionRs500/- plus overseas bank charges where applicableRs500/- plus overseas bank charges where applicableN/A
Issue of Shipping Guarantee
Commission first two monthsRs800/-Rs800/-N/A
Thereafter monthlyRs400/-Rs400/-N/A
Import Collection Bills (Payment)
Negotiating Commission0.5% - Minimum Rs500/-0.5% - Minimum Rs500/-N/A
SWIFTRs200/-Rs200/-N/A
Local FeeRs200/-Rs200/-N/A
Handling FeeRs500/- every fortnight on each unpaid billRs500/- every fortnight on each unpaid billN/A
Protest FeeUSD200/- or equivalentUSD200/- or equivalentN/A
OthersRs500/- fortnightly on overdue billsRs500/- fortnightly on overdue billsN/A
Local Bills
Collection of local bills0.50% flat - Minimum Rs500/-0.50% flat - Minimum Rs500/-N/A
14Export Transactions
Letter of Credit advising commissionRs400/-Rs400/-N/A
Letter of Credit amendment commissionRs400/-Rs400/-N/A
Confirming Documentary Credit
Adding confirmation As per arrangementAs per arrangementN/A
Transferring Documentary Credit
Transfer FeeRs600/-Rs600/-N/A
Transfer Fee outside Mauritius0.25% - Minimum Rs800/- + SWIFT Charges Rs175/-0.25% - Minimum Rs800/- + SWIFT Charges Rs175/-N/A
Amendment to transferRs400/- per transaction + SWIFT Charges if applicable
Rs400/- per transaction + SWIFT Charges if applicable
N/A
Unutilised Fee
Rs800/-
Rs800/-
N/A
Cancellation Fee
Rs800/-
Rs800/-
N/A
Negotiating Commission (L.C / Collection)
Payment / Negotiation Commission0.50% - Minimum Rs400/-
0.50% - Minimum Rs400/-
N/A
Handling FeeRs500/-
Rs500/-
N/A
Local FeeRs200/-
Rs200/-
N/A
Courier Service
Actual amount as claimed by courier
Minimum Rs1,200/-
Actual amount as claimed by courier
Minimum Rs1,200/-
N/A
SWIFT
Rs175/- per SWIFT message
Rs175/- per SWIFT message
N/A
Registered Mail
Rs200/-
Rs200/-
N/A
Discounting Export Bill
Discounting Fee
Rs500/-Rs500/-N/A
Trade cover - open account financing only - handling fee
Rs200/-Rs200/-N/A
Postage FeeRs500/-Rs500/-N/A
15Bank Guarantees
Tender Bonds1% flat for first 6 months and 0.25% for each additional 3 months - Minimum Rs750/-
1% flat for first 6 months and 0.25% for each additional 3 months - Minimum Rs750/-
N/A
Performance BondsFor amounts up to Rs6.0M: 1.5% p.a. On portion over Rs6.0M: 1% p.a. - Minimum Rs750/-
For amounts up to Rs6.0M: 1.5% p.a. On portion over Rs6.0M: 1% p.a. - Minimum Rs750/- N/A
Advance Payment Guarantees2% p.a. - Minimum Rs750/-
2% p.a. - Minimum Rs750/-
N/A
Avalised Bills of Exchange2% p.a. - Minimum Rs1,000/-
2% p.a. - Minimum Rs1,000/-
N/A
Customs Guarantees1.5% p.a. - Minimum Rs1,000/-
1.5% p.a. - Minimum Rs1,000/-
N/A
Money Guarantees2% p.a. - Minimum Rs750/-
2% p.a. - Minimum Rs750/-
N/A
Others1.5% p.a. - Minimum Rs1,000/-
1.5% p.a. - Minimum Rs1,000/-
N/A
Amendment Fee other than for increase in amount / extend validity period
Rs600/-
Rs600/-
N/A
Outward Remittances by Telegraphic Transfer
CommissionRs300/- plus overseas bank charges where applicable
Rs300/- plus overseas bank charges where applicable
N/A
SWIFT ChargesRs200/-Rs200/-N/A
Outward Remittances by Draft
CommissionRs150/- plus overseas bank charges where applicable
Rs50/- plus overseas bank charges where applicable
N/A
Stop Payment on DraftRs200/- plus overseas bank charges where applicable
Rs200/- plus overseas bank charges where applicable
N/A
Inward Remittances
Telegraphic Transfer (TT)Rs150/-Rs150/-N/A
DraftsRs100/- plus overseas bank charges where applicable
Rs100/ -plus overseas bank charges where applicable
N/A
Debit to Foreign Currency Accounts
Commission in lieu of Exchange0.50% on amount
Minimum USD25/- and Maximum USD250/-
0.50% on amount
Minimum USD25/- and Maximum USD250/-
N/A
General ChargesN/A
Invoice Substitution feeRs300/- (except for transfer of Letter of Credits)
Rs300/- (except for transfer of Letter of Credits)
N/A
DGENERAL SERVICES
16Treasury Bills
Account Opening FeeRs250/-N/AN/A
Transaction Fee0.25% Minimum Rs 1,000/-
Maximum Rs 2,500/-
N/AN/A
17Debit Cards
Annual FeeN/AN/AN/A
Replacement of Lost / Stolen CardsRs100/- + VATRs100/- + VATN/A
Debit Card PIN Replacement FeeRs50/- + VATRs50/- + VATN/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
18Prepaid Cards
Card Issuance Fee
• MUR
Rs175/- + VATRs175/- + VATN/A
• USD
$7/- + VAT
$7/- + VAT
N/A
Additional Card Fee (same currency)
• MURRs200/- + VATRs200/- +VATN/A
• USD
$7/- + VAT$7/- + VATN/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
(MUR / USD)
FreeFreeN/A
Bank One ATM Transactions / Balance Enquiry
(MUR / USD)
FreeFreeN/A
Non-Bank One ATM Transactions (Cash Advance Fee)
• MURRs75/-Rs75/-N/A
• USD2% of amount, Minimum $2.50
2% of amount, Minimum $2.50
N/A
PIN Re-issuance Fee
• MURRs50/- + VAT
Rs50/- + VAT
N/A
• USD$2/- + VAT
$2/- + VAT
N/A
Card Replacement Fee (Damaged / Lost / Stolen)
• MURRs175/- + VAT
Rs175/- + VAT
N/A
• USD$10/- + VAT
$10/- + VAT
N/A
Statement Request
• MURRs25/- per page + Rs500/- if beyond 2 years
Rs25/- per page + Rs500/- if beyond 2 years
N/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
19Internet Banking
Subscription FeeFreeFree
N/A
20Transfer Fee
MACSSRs100/-Rs100/-N/A
NormalRs10/-Rs10/-N/A
InternalRs 30/- over the counter
Free using Internet Banking
Rs 30/- over the counter
Free using Internet Banking
N/A
21Testimonials / Certificates
Audit Confirmation CertificateRs1,000/-Rs1,000/-N/A
Testimonial / Banker’s Reference Fee (conduct of account to banks abroad)
Overseas: USD35/-
Overseas: USD35/-
N/A
Letter of Reference (conduct of account to local banks)
Rs1,000/-
Rs1,000/-
N/A
Certificate of outstanding loan balanceFreeRs1,000/-N/A
Certificate of Interest / Balance / Liabilities / Others
FreeRs300/-N/A
Financial Standing0.10%
Minimum Rs2,500/- and Maximum Rs10,000/-
0.10%
Minimum Rs2,500/- and Maximum Rs10,000/-
N/A
Visa / Educational / Medical
Rs100/-
Rs100/-
N/A
Copies of tax certificates at customer's request
Rs100/-
Rs100/-
N/A
22Standing Instructions
Internal transferRs 30/- over the counter

Free using Internet Banking
Rs 30/- over the counter

Free using Internet Banking
N/A
Transfer to other banksRs30/-Rs30/-N/A
Dishonoured Standing Orders for lack of funds
Rs150/-Rs150/-N/A
Direct DebitRs6/-Rs6/-N/A
Unpaid Direct Debit due to lack of fundsRs150/-Rs150/-N/A
23Cheques
Return InwardBank One cheque: Free

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

Other banks: Rs25/- per cheque
N/A
Return Outward (clearing or at counter)Rs350/- per chequeRs350/- per chequeN/A
Stop Payment OrdersRs100/-Rs100/-N/A
Office Cheque IssuanceRs150/-Rs150/-N/A
Purchase of foreign cheques / banks draft
Rs100/-Rs100/-N/A
24Safe Deposit Lockers
Annual Rental & OthersSize 16 x 11 x 50: Rs1,200/- + VAT
Size 31 x 11 x 50: Rs3,000/- + VAT
Size 32 x 26 x 50: Rs5,000/- + VAT
Size 16 x 11 x 50: Rs1,200/- + VAT
Size 31 x 11 x 50: Rs3,000/- + VAT
Size 32 x 26 x 50: Rs5,000/- + VAT
N/A
Access FeeFree access twice a month.
Thereafter Rs150/- per access.
Free access twice a month.
Thereafter Rs150/- per access.
N/A
Loss of KeyBreakage Fee of Rs10,000/- + VAT
Breakage Fee of Rs10,000/- + VAT
N/A
Penalty Fee for non-payment of rental (after reminder)
Rs500/- per dayRs500/- per dayN/A
25Special Clearing
Inward Rs200/-Rs200/-N/A
OutwardRs100/-Rs100/-N/A
26Maintenance Fee
Dormant A/C
• MUR
Rs100/- + VAT every 6 months
Rs100/- + VAT every 6 months
N/A
• USD
$4/- + VAT every 6 months
$4/- + VAT every 6 months
N/A
• EUR
€3/- + VAT every 6 months
€3/- + VAT every 6 months
N/A
• Other Currencies
USD equivalent as above
USD equivalent as aboveN/A
Inactive A/C
• MUR
Rs100/- + VAT every 6 months
Rs100/- + VAT every 6 monthsN/A
• USD
$4/- + VAT every 6 months
$4/- + VAT every 6 months
N/A
• EUR
€3/- + VAT every 6 months
€3/- + VAT every 6 months
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
27Others
Emailing StatementRs25/-, frequency weekly
Rs25/-, frequency weekly
N/A
Fax / Email Transmission Cost
Rs125/- per page (overseas);
Rs15/- per page (local)
Rs125/- per page (overseas); Rs15/- per page (local)
N/A
Current Account Statement by Fax
Ad hoc: Rs50/- per account per fax.
On daily basis: Rs750/- per account per month.
Ad hoc: Rs50/- per account per fax. On daily basis: Rs750/- per account per month.
N/A
Savings A/C - Statement on Request
For monthly statement: Rs100/- per month
For monthly statement: Rs100/- per month
N/A
Duplicate Statement of Account
Rs25/- per page + Rs500/- if beyond 2 years
Rs25/- per page + Rs500/- if beyond 2 years
N/A
Information from Archives
Search Fee of Rs150/- + Rs50/- per page
Search Fee of Rs150/- + Rs50/- per page
N/A
Duplicate Passbook Issuance
Rs100/-
Rs100/-
N/A
Processing Fee for Succession Account
Rs500/-
Rs500/-
N/A
MNS Fee
N/ARs100/- per itemN/A
Payroll Fee
Rs5/- per item (external)
Rs5/- per item (external)N/A
Investigation Charges
Rs300/- per item
Rs300/- per item
N/A
Photostat Copy
Rs15/- per page
Rs15/- per page
N/A
SME Package FeeN/ARs250/- +VAT monthlyN/A
(Last updated 01.10.2019)
PARTICULARS CHARGES
REMITTANCES
Inward

Telegraphic Transfers

Free

Cash Deposit

1% (Min-USD10)

Cheques for collection

USD 15 per cheque

Outward

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

0.15% (Min-USD30, Max-USD100)

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

0.125% (Min-USD30, Max-USD65)

Drafts

USD 25 flat

Travellers Cheques

1% ( Min USD 15 )

Cash Withdrawal

1% (Min USD10)

INTERNET BANKING

Free of charge

TRADE SERVICES / LC’s

Imports

Issuance

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

Amendment others

USD 40 flat

Amendment/ increase in amount

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

Transmission cost By SWIFT

Acceptance

0.125% per month ot part thereof
Min USD50

Negociating charges

Local fee

SWIFT charges

LC negociating commission

Acceptance commission (under usance LC)

Exports

Advising

0.1% flat (Min USD 40, Max USD 500)

Advising of Amendment

USD 50

Confirmation (subject to arragement)

0.25% flat (Min USD 100)

Negociation

0.25% (Min-USD30, Max-USD50)

DOCUMENTARY COLLECTIONS

Import & Export

For release against acceptance, payment or free of payment

0.25 % flat (Min USD 50)

Transmission costs

Courrier service

Min USD50 per mail

Fax Overseas

USD5 per page

Fax local

Free

Other (Swift, Telex etc.)

USD20

Sundry Charges

Ledger fees

USD 50 semi annually

Investigation with Correspondent Bk

USD 25 per request

Bank reference

USD 50

Account Reactivation

USD 50

Information from archives

Search fee of $10 + $5 per page

Balance Audit confirmations

(within 12 months)

USD 20 per request

(after 12 months)

USD 25 per request

KYC report

USD 40

Duplicate statements

6 months old or less

USD 10 per monthly statement

More than 6 months

USD 20 per monthly statement

Standing orders

USD 10 per order

Closure of account

USD 25

Bank Guarantees

AVAL’ of negotiable Instruments (Bill of exchange)

1% flat min USD 100

Performance Bonds

1.25% p.a min USD150

Tender Bonds

Advance Payment Guarantee

1% p.a min USD150

Shipping Guarantee

USD 50

Customs and others

1% p.a min USD150

Loans and Advances

Amendment fee

USD 25

Cancellation fee
Search and MCIB fee

USD 500
Equivalent Rs 600/-

***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.