Statement of Principal Interest Rates and Service Charges
Statement of Principal Interest Rates and Service Charges1 30/06/2024
A. Interest Rate
| Individuals | Corporates | Others | ||
|---|---|---|---|---|
| 1 | Deposits | |||
| Savings (MUR) | N/A | N/A | N/A | |
| Call (MUR) | Terms and conditions upon request | |||
| Call (FCY) | Market related rates apply | Market related rates apply | Market related rates apply | |
| Term (MUR) | Terms and conditions upon request | |||
| Term (FCY) | RFR rates apply | RFR rates apply | RFR rates apply | |
| 2 | Credit facilities (MUR) | Terms and conditions upon request | ||
| Prime Lending Rate | N/A | N/A | N/A | |
| Credit cards | N/A | N/A | N/A | |
| Other credit facilities - margin over PLR | N/A | N/A | N/A | |
| 3 | Credit facilities (FCY) | Deal specific | ||
| Margin over LIBOR | Negotiable | Negotiable | Negotiable | |
B. Deposits
| Individuals | Corporates | Others | ||
|---|---|---|---|---|
| 4 | Savings Account (MUR) | |||
| Minimum account opening balance | N/A | N/A | N/A | |
| Minimum credit balance to earn interest | N/A | N/A | N/A | |
| Monthly service charges if credit balance falls below minimum balance | N/A | N/A | N/A | |
| 5 | Current Account (MUR) | |||
| Minimum account opening balance | N/A | N/A | N/A | |
| Cost of cheque book | N/A | N/A | N/A | |
| Monthly service charges | N/A | N/A | N/A | |
| 6 | Call Deposit Account (MUR) | Terms and conditions upon request | ||
| Minimum balance | N/A | N/A | N/A | |
| Minimum credit balance to earn interest | N/A | N/A | N/A | |
| Monthly service charges | N/A | N/A | N/A | |
| 7 | Term deposits (MUR) | Terms and conditions upon request | ||
| Minimum amount | N/A | N/A | N/A | |
| Deposit withdrawn before maturity | N/A | N/A | N/A | |
| 8 | Term deposits (FCY) | |||
| Minimum amount | USD, GBP, EUR, AUD 50,000; ZAR 250,000; MUR upon request | USD, GBP, EUR, AUD 50,000; ZAR 250,000; MUR upon request | USD, GBP, EUR, AUD 50,000; ZAR 250,000; MUR upon request | |
| Deposit withdrawn before maturity | Terms and conditions apply2 | Terms and conditions apply2 | Terms and conditions apply2 | |
| 9 | Foreign Currency Account | |||
| Minimum balance to open an account | ||||
| • Euro | N/A | N/A | N/A | |
| • Pound Sterling | N/A | N/A | N/A | |
| • US Dollar | N/A | N/A | N/A | |
| • Australian Dollar | N/A | N/A | N/A | |
| • Canadian Dollar | N/A | N/A | N/A | |
| • Swiss Francs | N/A | N/A | N/A | |
| • South African Rand | N/A | N/A | N/A | |
| Minimum credit balance to earn interest | USD, GBP, EUR, AUD 50,000; ZAR 250,000; MUR upon request | USD, GBP, EUR, AUD 50,000; ZAR 250,000; MUR upon request | USD, GBP, EUR, AUD 50,000; ZAR 250,000; MUR upon request | |
| Monthly service charges | USD 100 (only charged if the total daily average balance for the month across all accounts is less than USD 50,000) | USD 100 (only charged if the total daily average balance for the month across all accounts is less than USD 50,000) | USD 100 (only charged if the total daily average balance for the month across all accounts is less than USD 50,000) | |
C. Credit Facilities
| Individuals | Corporates | Others | ||
|---|---|---|---|---|
| 10 | Credit Cards | |||
| Annual fee | N/A | N/A | N/A | |
| Replacement of lost/stolen cards | N/A | N/A | N/A | |
| Cash advance fee | N/A | N/A | N/A | |
| Overlimit fee | N/A | N/A | N/A | |
| 11 | Loans and advances (MUR) | Terms and conditions upon request | ||
| Processing fee | N/A | N/A | N/A | |
| Arrangement fee | N/A | N/A | N/A | |
| Ledger fee | N/A | N/A | N/A | |
| Commitment fee | N/A | N/A | N/A | |
| Early redemption/prepayment fee | N/A | N/A | N/A | |
| Valuation Survey & Report fee | N/A | N/A | N/A | |
| Legal charges for creation of security documents | N/A | N/A | N/A | |
| • Fixed/Floating Charges | N/A | N/A | N/A | |
| • Gages sans deplacement | N/A | N/A | N/A | |
| • Erasure of charges | N/A | N/A | N/A | |
| 12 | Guarantees (MUR) | Terms and conditions upon request | ||
| Performance bonds | N/A | N/A | N/A | |
| Tender/bid bonds | N/A | N/A | N/A | |
| Advance payment bonds | N/A | N/A | N/A | |
| Retention money bonds / guarantees | N/A | N/A | N/A | |
| Shipping guarantee | N/A | N/A | N/A | |
D. General Services
| Individuals | Corporates | Others | ||
|---|---|---|---|---|
| 13 | Treasury Bills | |||
| Account opening fee | N/A | N/A | N/A | |
| Transaction fee | N/A | N/A | N/A | |
| 14 | Debit Cards | |||
| Annual fee | Multi-currency USD 40 | Multi-currency USD 40 | Multi-currency USD 40 | |
| Replacement of lost/stolen cards | Multi-currency USD 40 | Multi-currency USD 40 | Multi-currency USD 40 | |
| Withdrawals | ||||
| • Bank's ATM | N/A | N/A | N/A | |
| • Other bank's ATM | Free | Free | Free | |
| • Overseas | Multi-currency USD 5 | Multi-currency USD 5 | Multi-currency USD 5 | |
| 15 | Others | |||
| Telegraphic transfer | Manual Instructions: 0.25% (min USD 70; max USD 100); Manual Cross Currency: USD 30; MUR 100; ZAR 120; Online Banking: 0.15% (min USD 40; max USD 60); Online Banking Cross Currency: USD 25; MUR 100; ZAR 120; | Manual Instructions: 0.25% (min USD 70; max USD 100); Manual Cross Currency: USD 30; MUR 100; ZAR 120; Online Banking: 0.15% (min USD 40; max USD 60); Online Banking Cross Currency: USD 25; MUR 100; ZAR 120; | Manual Instructions: 0.25% (min USD 70; max USD 100); Manual Cross Currency: USD 30; MUR 100; ZAR 120; Online Banking: 0.15% (min USD 40; max USD 60); Online Banking Cross Currency: USD 25; MUR 100; ZAR 120; | |
| MACSS facility | MUR 100 | MUR 100 | MUR 100 | |
| Audit confirmation certificate | USD 75 | USD 75 | USD 75 | |
| Testimonial/Banker’s reference fee | Free | Free | Free | |
| Letter of reference | Free | Free | Free | |
| Payroll fee | Free | Free | Free | |
| Internet banking fee | Free | Free | Free | |
| Duplicate statement of account | USD 5 - 10 per page | USD 5 - 10 per page | USD 5 - 10 per page | |
| Standing Instructions | ||||
| • Internal transfer | Free | Free | Free | |
| • Transfer to other banks | USD 50 per annum | USD 50 per annum | USD 50 per annum | |
| Direct debit | N/A | N/A | N/A | |
| Purchase of foreign cheques/bank drafts | USD 60 | USD 60 | USD 60 | |
| Office cheque issuance | N/A | N/A | N/A | |
| Cheque book facility | N/A | N/A | N/A | |
| Cheque returned | N/A | N/A | N/A | |
| • Inward | As charged | As charged | As charged | |
| • Outward | N/A | N/A | N/A | |
| Stop payment orders | N/A | N/A | N/A | |
| Safe deposit lockers | N/A | N/A | N/A | |
| Night safe | N/A | N/A | N/A | |
1. All charges are quoted in USD and charged in equivalent amount for other currencies. 2. At the Bank's discretion, charges quoted upon request.