Tariffs & Charges

Charges and Commissions – Domestic
Tariffs & Commissions – International

(Last updated 14.02.2024)

	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	3.05%	3.05%
	Savings	3.05% p.a. on balance between Rs 10,000 and Rs 1,000,000 3.10% p.a. on balance between Rs 1,000,000 and Rs 2,000,000 3.40% p.a. on balance above Rs 2,000,000	N/A	N/A
	Moneytree	3.10% p.a (S.B + 0.05% on balance on excess of Rs1m)	N/A	N/A
	POP Save	4.0% 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	7.95%	7.95%	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	Deposit withdrawn before maturity (at the discretion of the Bank)	No interest is payable on deposit if withdrawn within 3 months from date of deposit.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	No interest is payable on deposit if withdrawn within 3 months from date of deposit.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	1,000 (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	Home loans: 1% of loan amount prepaid up to a maximum of MUR 200,000 Other loan types: 2% of loan amount prepaid, Minimum MUR 3,000 Up to a maximum of MUR 200,000 (Not applicable for loans falling under 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
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 100,000 Rs 50 for amount above Rs 100,000	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

(Last updated 04.05.2023)

PARTICULARS	ACTUAL CHARGES	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.

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