Particulars Individuals Corporates Others
A INTEREST RATES
1 Deposits
  • 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

    2 Credit 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

    3 Credit facilities (FCY)
  • Margin over LIBOR

    As per arrangement

    As per arrangement

    N/A

    B DEPOSITS
    1 Savings Account
  • Minimum account opening balance

    Rs1,000/-

    N/A

    N/A

  • Minimum credit balance to earn interest

    Rs5,000/-

    N/A

    N/A

    2 Current 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

    3 Call Deposit Account
  • Minimum balance

    Rs50,000/-

    Rs50,000/-

    N/A

  • Minimum credit balance to earn interest

    N/A

    N/A

    N/A

    4 Term deposits (MUR)
    5
    6
    C CREDIT FACILITIES
    1 Credit Cards

    Classic Card

  • First Issue Fee / Annual fee

    Rs200/- + VAT

    Rs200/- + VAT

    N/A

  • 2 Loans 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/-

    Consumer Loan: 1.25%

    1% -Minimum Rs1,000/-
    Consumer loan: 1.25%

    N/A

  • 3 Legal charges for creation of security documents
  • Fixed / Floating Charges

    Rs500/-

    Rs1,000/-

    N/A

    Others

  • 4 Import 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

  • 5 Export Transactions
  • Letter of Credit advising commission

    Rs400/-

    Rs400/-

    N/A

  • Letter of Credit amendment commission

    Rs400/-

    Rs400/-

    N/A

  • 6 Bank 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

  • D GENERAL SERVICES
    1 Prepaid Posh Cards
  • Card Issuance fee

    MUR Rs175/- + VAT
    USD $7/- + VAT

    MUR Rs175/- + VAT
    USD $7/- + VAT

    2
    3
    4
    5
    PARTICULARS CHARGES
    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 Month USD EUR GBP
    View 9 6 5.5
    View and transact 18 12 11

    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.