* Last updated – 5 July 2022

Personal Accounts
Retail (MUR) Corporate (MUR) SME (MUR)
Savings account
Minimum Initial Deposit 500/- N/A 500/-
Minimum Amount to Earn Interest 5,000/- 5,000/-
Interest Payment Half-Yearly - May & November Half-Yearly -May & November
Interest Rate 0.60% p.a 0.60% p.a
Savings account with cheque book facility
Minimum Initial Deposit 5,000/- N/A N/A
Minimum Amount to Earn Interest 10,000/-
Interest Payment N/A N/A N/A
Interest Rate No Interest - -
Interest Conditions N/A N/A N/A
Half yearly Ledger Charges 75 /- +VAT+ 0.50 /- + VAT per transaction
Smart account
Minimum Initial Deposit 200/- for SCS, 500/- for smart a/c. SI Free from parent’s MauBank Account to minor. N/A N/A
Minimum Amount to Earn Interest 5,000/-
Interest Payment Half-Yearly - May & November
Interest Rate 0.60% p.a
Senior Prime account
Minimum Initial Deposit 10,000/- N/A N/A
Minimum Amount to Earn Interest 25,000/-
Interest Payment Monthly
Interest Rate Normal Savings Rate + 0.25% (0.85%)
Pre-retirement Scheme*
Minimum amount to earn interest 5,000/- N/A N/A
Interest Repayment Monthly
Interest Rate Normal Savings Rate + 0.50% (1.10%)
*The product is no longer being offered. The present condition is applicable only for accounts opened prior 16th May 2017.
Moneygrow
Minimum Initial Deposit 50,000/- N/A N/A
Minimum Amount to Earn Interest 100,000/-
Interest Payment Half-Yearly - May & November
Minimum Balance to be maintained at all times 50,000/-
Interest Rate
From MUR 100k – MUR 1 million Savings + 0.25% (0.85%)
Above MUR 1 million Savings + 0.40% (1.00%)
Current Account
Minimum Initial Deposit 5,000/- 5,000/- 5,000/-
Half yearly Ledger Charges 75 /- +VAT+ 0.50 /- + VAT per transaction 75 /- +VAT+ 0.50 /- + VAT per transaction 75 /- +VAT+ 0.50 /- + VAT per
transaction (Government guaranteed
SME schemes - Free)
Interest Rate N/A Rates available on request Rates available on request
Deposits

 

Deposit uplifted before Maturity
The rate applicable will be the prevailing rate for the period for which the deposit has been actually held with the Bank LESS 1% penalty.

Note: However, any such request for encashment before maturity will be solely at the bank's discretion.

The rate applicable will be the prevailing rate for the period for which the deposit has been actually held with the Bank LESS 1% penalty.

Note: However, any such request for encashment before maturity will be solely at the bank's discretion.

The rate applicable will be the prevailing rate for the period for which the deposit has been actually held with the Bank LESS 1% penalty.

Note: However, any such request for encashment before maturity will be solely at the bank's discretion

Retail (MUR) Corporate (MUR) SME (MUR)
Terms Deposit
Minimum Initial Deposit 10,000/- 50,000/- 50,000/-
Interest Payment monthly, quarterly, half-yearly, yearly or at
Maturity
monthly, quarterly, half-yearly, yearly or at
Maturity
monthly, quarterly, half-yearly, yearly
or at Maturity
Deposit uplifted before maturity The rate applicable will be prevailing rate for the period for which the deposit has been actually held with the bank LESS 1% penalty, or savings rate whichever is higher.

Note: However, any such request for encashment before maturity will be solely at the bank's discretion.

 

The rate applicable will be the prevailing rate for the period for which the deposit has been actually held with the Bank LESS 1% penalty.

Note: However, any such request for encashment before maturity will be solely at the bank's discretion.

 

The rate applicable will be the prevailing rate for the period for which the deposit has been actually held with the Bank LESS 1% penalty.

Note: However, any such request for encashment before maturity will be solely at the bank's discretion

Interest Rate Range - (0.70%-2.35%) Rates available on request Rates available on request
Call Deposit
Minimum Credit Balance to earn Interest N/A 10,000,000 250,000
Interest Rate N/A Rates available on request Rates available on request
Safe Deposit Lockers
Type A: 3.5" x21" x 4.5" 1,100 / - + VAT 1,100 / - + VAT 1,100 / - + VAT
Type B: 4.5 " x 21" x4.5" 2,200 / - + VAT 2,200 / - + VAT 2,200 / - + VAT
Type C : 2.5" x 21" x 9.25" 3,300 / - + VAT 3,300 / - + VAT 3,300 / - + VAT
Type D : 9.25" x 21" x 9.25" 4,400 / - + VAT 4,400 / - + VAT 4,400 / - + VAT
Safe Custody Access Two accesses per month: Free. Over
2 accesses 100/- per access
Two accesses per month: Free. Over
2 accesses 100/- per access
Two accesses per month: Free. Over
2 accesses 100/- per access
Lost/Stolen Key Charges to be borne by client for replacing lost or stolen key, for changing opening the locker Charges to be borne by client for replacing lost or stolen key, for changing opening the locker Charges to be borne by client for replacing lost or stolen key, for changing opening the locker
Others A penalty of 500 / - per day is payable if the
client does not recover the contents of the
locker forthwith, following notice served upon
non-payment of rental
A penalty of 500 / - per day is payable if the
client does not recover the contents of the
locker forthwith, following notice served upon
non-payment of rental
A penalty of 500 / - per day is payable if the
client does not recover the contents of the
locker forthwith, following notice served upon
non-payment of rental
Key Deposit Refundable when locker is surrended with both keys 5,000 5,000 5,000
Loss of safe deposit key Key Deposit is forfeited Key Deposit is forfeited Key Deposit is forfeited
Breakage charges to be done by customer (Upon customer's request) 6,000 6,000 6,000
Penalty on late payment of Annual Rental 200/per month if payment not made within one month after due date 200/per month if payment not made within one month after due date 200/per month if payment not made within one month after due date
Access Fee 2 free accesses per month/ 24 per calendar year
starting from the date of rental. No accruals shall be
allowed
MUR 100/- to be charged per access over the 2 free
accesses per month
2 free accesses per month/ 24 per calendar year
starting from the date of rental. No accruals shall be
allowed
MUR 100/- to be charged per access over the 2 free
accesses per month
2 free accesses per month/ 24 per calendar year starting from the date of rental. No accruals shall be allowed
MUR 100/- to be charged per access over the 2 free
accesses per month
Loans
Retail (MUR) Corporate (MUR) SME (MUR)
Loan and Advances
Processing & Handling fees on loans/overdraft 1% of Facility amount subject to a minimum of 1,000/- 1% of Facility amount subject to a minimum
of 2,500/ or as per loan/overdraft agreement
1% of Facility amount subject

to a minimum of 1,000/-

(Government guaranteed SME

schemes - Free)

Renewal of Facilities 1% with a minimum of 1,000 and Maximum of 5,000/- 1% of facility subject to a minimum of MUR 5,000 or as per overdraft agreement’ 1% with a minimum of 1,000 and
Maximum of 10,000/-
(Government guaranteed SME schemes - Free)
Processing & Handling fees for facilities secured against Fixed Deposits
Partly Secured 1% of loan amount (Minimum 1,000/-) 1% of the facility amount subject to a Min of MUR 1,000/ or as per loan agreement Free
Fully Secured 1% of loan amount (Minimum 500/-) 1% of the facility amount subject to a Min of MUR 500/ or as per loan agreement Free
Management fees on loans and Overdrafts 500 / - July 1000 / - July 1000 / - July
Discounting fee per bill 500 / - per bill 500 / - per bill 500 / - per bill
Ad-hoc Temporary Overdraft Fee Flat Fee of 300 /- Flat Fee of 300 /- Flat Fee of 300 /-
Temporary Overdraft Facility 1% p.a. (Pro-rata Min 2,000/-) 1% p.a. (Pro-rata Min 2,000/-) 1% p.a. (Pro-rata Min 2,000/-)
Temporary Increase in OD Limit 1% p.a. (Pro-rata Min 1,000/-) 1% p.a. (Pro-rata Min 1,000/-) 1% p.a. (Pro-rata Min 1,000/-)
Commitment Fee on Loans 1% of any undrawn balance 1% of any undrawn balance 1% of any undrawn balance
Processing fee on Loan approved but not availed 1,000/- 1,000/- 1,000/-
Penalty for Early repayment ( Loan Amount) Flat 1.0% on amount paid in advance for non
BPA loans prior 1st Jan 2014
Flat 1.0% on amount paid in advance for non BPA loans Flat 1.0% on amount paid in advance
for non BPA loans
Site Visit Reports 500/- per Site Visit 2000/- per Site Visit 1000/- per Site Visit
Security Charges
Change of Security 500 / -+ Govt fees 500 / -+ Govt fees 500 / -+ Govt fees
Cession De Priorite 1,000/- 1,000/- 1,000/-
Partial Erasure 500/- + Govt duty 500/- + Govt duty 500/- + Govt duty
Pari passu request 1000/- 1000/- 1000/-
Other consent letters/ Revalidation 500/- 500/- 500/-
Erasure of Charge fee/ Removal of Lien-NTA 200/-+ Govt fees 200/-+ Govt fees 200/-+ Govt fees
Renewal Of Charge 200/-+ Govt fees 200/-+ Govt fees 200/-+ Govt fees
Vetting of Corporate Document NIl NIl NIl
Vetting of Charge Document NIl NIl NIl
"Quittance Deed and Main Levee" 500/- 500/- 500/-
Search Cost
Vetting of Title Deeds 500/- 500/- 500/-
At Conservator of Mortgage’s office 500/- per search report 500/- per search report 500/- per search report
At Registrar of Companies 500/- per search report 500/- per search report 500/- per search report
Valuation Fees Valuer’s fees plus MUR 200/-Minimum 4200/- Valuer’s fees plus 2000/-Minimum 5000/- Valuer’s fees plus MUR 200/-
Minimum 4200/-
Valuation Fee- Facility amount less than valuation amount and
Facility falls under BPA
N/A N/A N/A
Valuation fee - vehicles Valuer’s fee plus 200/- minimum 1500/- Valuer’s fee plus 200/- minimum 1500/- Valuer’s fee plus 200/- minimum 1500/-
MCIB charges 50/- per report 100/- per report 100/- per report(Government
guaranteed SME schemes - Free)
Maintenance Fees (Charged every 6 months - end of May and November ) Ledger Fee
001-050 140/- 140/- 140/-
051-100 290/- 290/- 290/-
101-150 440/- 440/- 440/-
151-200 590/- 590/- 590/-
201-250 740/- 740/- 740/-
Number of Tnx
Above 250 890/- 890/- 890/-
Payoff Letter 500 /- per document 500 /- per document 500 /- per document
Re-issue of sales deed for vehicles 1000 1000 1000
Issuance of Office (Bank) cheque 175/- 175/- 175/-
Photocopy of Documents 15/- per page 15/- per page 15/- per page
Reminder fee for credit facilities under Borrowers Protection act N/A N/A N/A
First Reminder fee for credit facilities outside Borrowers Protection Act 175/- per reminder 175/- per reminder 175/- per reminder
Second Reminder fee for credit facilities outside Borrowers Protection 200/- per reminder 200/- per reminder 200/- per reminder
Penalty Fee for exceeding authorised limit (Facilities under BPA) 2% above applicable rate for individuals 5% above applicable rate for corporates 2% above applicable rate for individuals
Penalty fee for exceeding authorised limit ( Facilities granted prior Jan 2014 ) 5% above applicable rate 6% above applicable rate 5% above applicable rate
Penalty fee for exceeding authorised limit ( Facilities on or after 1 Jan 2014 ) 2% above applicable rate 5% above applicable rate 2% above applicable rate
Forex
Retail Corporate SME
Forex account
Minimum Deposit for Term Deposits 5,000/- (EUR, GBP, USD or other applicable
currencies)
5,000/- (EUR, GBP, USD or other applicable
currencies)
5,000/- (EUR, GBP, USD or other
applicable currencies)
Minimum Deposit for Savings Deposits 2,000/- (EUR, GBP, USD) 2,000/- (EUR, GBP, USD) 2,000/- (EUR, GBP, USD)
Minimum Balance to earn Interest 5,000/- (In USD, EUR, GBP or other applicable
Currency)
5,000/- (In USD, EUR, GBP or other applicable
Currency)
5,000/- (In USD, EUR, GBP or other applicable
Currency)
No Interest is paid currently, however, certain foreign currency accounts may attract negative interest rates
Commission in lieu of Exchange on each Debit Entry 0.50%, min USD 5 and max. USD 50 0.50%, min USD 5 and max. USD 100 0.50%, min USD 5 and max. USD 50
Processing Fee levied on Deposits in Bank Notes 1% on amount being deposited in notes, minimum USD 5 or equivalent 1% on amount being deposited in notes, minimum USD 5 or equivalent 1% on amount being deposited in notes, minimum USD 5 or equivalent
Processing Fee levied in case Deposits are in Travelers’
Cheques, provided transactions is acceptable to the Bank
0.50% 0.50% 0.50%
Withdrawal of Notes from FCY 1% charged for USD notes (0.5% charged for other currencies), minimum USD 5 or equivalent 1% charged for USD notes (0.5% charged for other currencies), minimum USD 5 or equivalent 1% charged for USD notes (0.5% charged for other currencies), minimum USD 5 or equivalent
Credit Facilities [FCY] - Margin over LIBOR as per Arrangement as per Arrangement as per Arrangement
Service Fees on Account 1 Unit as per currency per month if balance is
below 500/-
1 Unit as per currency per month if balance is
below 500/-
1 Unit as per currency per month if balance is
below 500/-
Commission in lieu of exchange on Outward Remittance 0.50%, min USD 5 and max. USD 50 0.50%, min USD 5 and max. USD 100 0.50%, min USD 5 and max. USD 50
Deposit uplifted before Maturity At the discretion of the bank At the discretion of the bank At the discretion of the bank
Trade Finance
Retail (MUR) Corporate (MUR) SME (MUR)
Trade Finance
Inward remittances 150 /- 150 /- 150 /-
Foreign Cheques sent on Collection (FBC) 150 / - plus overseas bank charges where
applicable
150 / - plus overseas bank charges where
applicable
150 / - plus overseas bank charges where
applicable
Outward Telegraphic Transfer
Swift 200/- 200/- 200/-
Commission on outward remittances 225 /- + Any Overseas Bank Charges 225 /- + Any Overseas Bank Charges 225 /- + Any Overseas Bank Charges
Investigation Charges 300 / -per item plus Overseas Charges where
applicable
300 / -per item plus Overseas Charges where
applicable
300 / -per item plus Overseas Charges where
applicable
Cancellation of TT SWIFT 200 /- + Commission 200/- + Overseas
bank charges where applicable
SWIFT 200 /- + Commission 200/- + Overseas
bank charges where applicable
SWIFT 200 /- + Commission 200/- + Overseas
bank charges where applicable
Commission in lieu of exchange 0.50%, min USD 5 and max. USD 50 0.50%, min USD 5 and max. USD 100 0.50%, min USD 5 and max. USD 50
Issuance & Cancellation of Demand Draft
Commission for Issuance 200/- + Any Overseas Bank Charges where
applicable
200/- + Any Overseas Bank Charges where
applicable
200/- + Any Overseas Bank Charges where
applicable
Cancellation of Demand Draft/Stop Payment of Demand Draft 200 /- + Overseas Bank Charges where
applicable
200 /- + Overseas Bank Charges where
applicable
200 /- + Overseas Bank Charges where
applicable
SWIFT Charges on Stop Payment As claimed by overseas banks + Swift
charges 200/-per message
As claimed by overseas banks + Swift
charges 200/-per message
As claimed by overseas banks + Swift
charges 200/-per message
Commission on Opening of LCs 0.5% on LC for first six months (Min 1000 /-) +
0.25 % for each additional quarterly period
(charged again if LC is extended)
0.5% on LC for first six months (Min 1000 /-) +
0.25 % for each additional quarterly period
(charged again if LC is extended)
0.5% on LC for first six months (Min 1000 /-) +
0.25 % for each additional quarterly period
(charged again if LC is extended)
Payment of Commission under LC 0.25% [Min 500/-] to be collected at the time of payment. 0.25% [Min 500/-] to be collected at the time of payment. 0.25% [Min 500/-] to be collected at the time of payment.
Local Fee 250/- per negotiation 250/- per negotiation 250/- per negotiation
SWIFT Charges 200 /- 200 /- 200 /-
Acceptance Commission[Under Usance LC] 0.125% per mth [Minimum 600/-] 0.125% per mth [Minimum 600/-] 0.125% per mth [Minimum 600/-]
Transmission Costs- Opening of LC by SWIFT 500 /- 500 /- 500 /-
Letter of Credit Cancellation As claimed by Foreign Banks + Swift III Charges
200/- per message
As claimed by Foreign Banks + Swift III Charges
200/- per message
As claimed by Foreign Banks + Swift III Charges
200/- per message
Amendments of LCs
Commission - For extension of validity/increase in amount 0.5% on LC for first six months (min MUR 1,000/-) + 0.25% for each additional quarterly period 0.5% on LC for first six months (min MUR 1,000/-) + 0.25% for each additional quarterly period 0.5% on LC for first six months (min MUR 1,000/-) + 0.25% for each additional quarterly period
Commission - Other Amendments 500/- for all variations other than extension or
increase in amount
500/- for all variations other than extension or
increase in amount
500/- for all variations other than extension or
increase in amount
Swift 200 /- 200 /- 200 /-
Local & Foreign Inward Bills for Collection Commission
Negotiation Endorsed Bill 0.5% on bill amount (Min. 500 /-) 0.5% on bill amount (Min. 500 /-) 0.5% on bill amount (Min. 500 /-)
Conversion from D/P to D/A tenor/Extension of payment 0.5% on bill amount (Min. 1000 /-) 0.5% on bill amount (Min. 1000 /-) 0.5% on bill amount (Min. 1000 /-)
Swift 200 /- 200 /- 200 /-
Avalisation 2% p.a. (Min. 1,000 /-) 2% p.a. (Min. 1,000 /-) 2% p.a. (Min. 1,000 /-)
Documents deliver free of payment 0.5% (Min. 1,000 /-) 0.5% (Min. 1,000 /-) 0.5% (Min. 1,000 /-)
Handling fee 500/- 500/- 500/-
Shipping Guarantee 600/- for the first month & 300/- monthly
thereafter until receipt of original Bill of
Lading/ Airway Bill
600/- for the first month & 300/- monthly
thereafter until receipt of original Bill of
Lading/ Airway Bill
600/- for the first month & 300/- monthly
thereafter until receipt of original Bill of
Lading/ Airway Bill
Exports -Documentary Letters of Credit/Collection
Letters of Credit (LCs)
Commission on Advising Letter of Credit 400/- 400/- 400/-
Amendment Advising Commission 400/- 400/- 400/-
Confirming Documentary Credit Adding Confirmation As per agency arrangements As per agency arrangements As per agency arrangements
Transferring Documentary Credit
Transfer fee [In Mauritius] 0.25% (min 1,000/-) 0.25% (min 1,000/-) 0.25% (min 1,000/-)
Transfer fee (In case beneficiary is outside Mauritius) 0.25% (Min 1,000 /-) 0.25% (Min 1,000 /-) 0.25% (Min 1,000 /-)
Swift 400 /- 400 /- 400 /-
Payment / Negotiation Commission 0.5% - Min500/- 0.5% - Min500/- 0.5% - Min500/-
Handling Fee 500 /- 500 /- 500 /-
Local Fee 250 /- 250 /- 250 /-
Advising amendment 500 /- 500 /- 500 /-
Cancellation Fee under Export LC 500/- plus swift charges 500/- plus swift charges 500/- plus swift charges
Collections
Commission 0.50% - Min500/- 0.50% - Min500/- 0.50% - Min500/-
Local fee 250 /- 250 /- 250 /-
Handling Fee 500 /- 500 /- 500 /-
Avalised Bill of exchange Handling fee 300/- 300/- 300/-
Courier Services
DHL 1,000 /- 1,000 /- 1,000 /-
Others 600 /- 600 /- 600 /-
Guarantees
Processing fee on all Bank Guarantee limits 1% of Bank Guarantee limit 1% of Bank Guarantee limit 1% of Bank Guarantee limit
Performance Bonds 1.50% p.a. for first 5.0 M /- (Min 1,000 /-) plus
1% p.a. over the 5.0 M /-
1.50% p.a. for first 5.0 M /- (Min 1000 /-) plus1%
p.a. over the 5.0 M /-
1.50% p.a. for first 5.0 M /- (Min 1000 /-) plus1%
p.a. over the 5.0 M /-
Tender Bonds 1.0% for first 6 months(Min 750 /-) & 0.25%
for each period of 3 months (Minimum 750/-)
1.0% for first 6 months(Min 750 /-) & 0.25%
for each period of 3 months (Minimum 750/-)
1.0% for first 6 months(Min 750 /-) & 0.25%
for each period of 3 months (Minimum 750/-)
Advance Payment Bonds 2% p.a. (Minimum 1000 /-) 2% p.a. (Minimum 1000 /-) 2% p.a. (Minimum 1000 /-)
Avalised Bill of Exchange 2% p.a. (Minimum 1,000 /-) 2% p.a. (Minimum 1,000 /-) 2% p.a. (Minimum 1,000 /-)
Money Guarantee 2% p.a. (Minimum 750 /-) 2% p.a. (Minimum 750 /-) 2% p.a. (Minimum 750 /-)
Customs 1.5% p.a. (Minimum 1000/-) 1.5% p.a. (Minimum 1000/-) 1.5% p.a. (Minimum 1000/-)
Financial Standing 0.1% with a minimum of 2,500 /- and
maximum of 25,000/-
0.1% with a minimum of 2,500 /- and
maximum of 25,000/-
0.1% with a minimum of 2,500 /- and
maximum of 25,000/-
Others 1.5% p.a. (Minimum 1000/-) 1.5% p.a. (Minimum 1000/-) 1.5% p.a. (Minimum 1000/-)
Amendment to Guarantee
Amendment to Expiry / Amount Same as Issuance Same as Issuance Same as Issuance
Amendment - Others 500 /- 500 /- 500 /-
Aval of Negotiable instruments 2.0% p.a. (Minimum 1000 /-) 2.0% p.a. (Minimum 1000 /-) 2.0% p.a. (Minimum 1000 /-)
Electronic Banking
Retail (MUR) Corporate (MUR) SME (MUR)
Electronic Banking Services
Internet Banking View Only Free Free Free
Internet Banking Security Token First Issue Free Free (first 3 users)
Additional Users - Rs 1000/- per user
Free (first 3 users)
Additional Users - Rs 1000/- per user
Internet Banking Replacement Security Token 500/- per token 1000/- per token 1000/- per token
Internet Banking Account closure Free Free Free
Internet Banking View and Transact Free Free First 3 months - Free
Additional Users - 100/- per user/ month
Internet Banking Bill Payment 5/- (except MRA Tax payment) 5/- (except MRA Tax payment) 5/- (except MRA Tax payment)
Internet Banking MACSS Fee through IB 75/- 75/- 75/-
Debit Card First Issue Free Free Free
Debit Card Replacement of lost/stolen/damage cards 115/- (Inclusive of VAT) 115/- (Inclusive of VAT) 115/- (Inclusive of VAT)
Debit Card PIN Re-issuance 75/- (Inclusive of VAT) 75/- (Inclusive of VAT) 75/- (Inclusive of VAT)
Debit Card Debit Card
Cash Withdrawal on non-MauBank ATM(local)
75/-(Inclusive of VAT) 75/- (Inclusive of VAT) 75/-(Inclusive of VAT)
Debit Card Cash Withdrawal
on non-MauBank ATM
(overseas)
75/- (Inclusive of VAT) 75/-(Inclusive of VAT) 75/-(Inclusive of VAT)
Debit Card Card cancellation Fee Free Free Free
Credit Card Annual Fee: Standard/Classic Card 230/-(Inclusive of VAT) 230/-(Inclusive of VAT) 230/-(Inclusive of VAT)
Credit Card Annual Fee: Gold Card 920/-(Inclusive of VAT) 920/-(Inclusive of VAT) 920/-(Inclusive of VAT)
Credit Card Annual Fee: Corporate Card 862.5/-(Inclusive of VAT) 862.5/-(Inclusive of VAT) 862.5/-(Inclusive of VAT)
Credit Card Annual Fee: Platinum Card 1380/-(Inclusive of VAT) 1380/-(Inclusive of VAT) 1380/-(Inclusive of VAT)
Credit Card Supplementary Fee: Standard/Classic Card 230/-(Inclusive of VAT) 230/-(Inclusive of VAT) 230/-(Inclusive of VAT)
Credit Card Supplementary Fee: Gold 575/-(Inclusive of VAT) 575/-(Inclusive of VAT) 575/-(Inclusive of VAT)
Credit Card Supplementary Fee: Platinum 575/-(Inclusive of VAT) 575/-(Inclusive of VAT) 575/-(Inclusive of VAT)
Credit Card Express Card Local Additional 115/- (Inclusive of VAT) Additional 115/- (Inclusive of VAT) Additional 115/- (Inclusive of VAT)
Credit Card Express Card Overseas Cost of card + express fee of 115/- + courier
charges at cost
Cost of card + express fee of 115/- + courier
charges at cost
Cost of card + express fee of 115/- + courier
charges at cost
Credit Card Replacement Fee Damaged: Standard 230/-(Inclusive of VAT) 230/-(Inclusive of VAT) 230/-(Inclusive of VAT)
Credit Card Replacement Fee Damaged :Gold 345/-(Inclusive of VAT) 345/-(Inclusive of VAT) 345/-(Inclusive of VAT)
Credit Card Replacement Fee: Platinum 575/-(Inclusive of VAT) 575/-(Inclusive of VAT) 575/-(Inclusive of VAT)
Credit Card Replacement Fee for Lost/Stolen Std Cards 230/- (Inclusive of VAT) 230/- (Inclusive of VAT) 230/- (Inclusive of VAT)
Credit Card Replacement Fee for Lost/Stolen Gold Cards 345 /-(Inclusive of VAT) 345 /-(Inclusive of VAT) 345 /-(Inclusive of VAT)
Credit Card PIN forgotten (reprint) 75/-(Inclusive of VAT) 75/-(Inclusive of VAT) 75/-(Inclusive of VAT)
Credit Card Over limit Fee 150 /- 150 /- 150 /-
Credit Card Late Payment Fee 1% of amount unpaid, Minimum 200. /- 1% of amount unpaid, Minimum 200. /- 1% of amount unpaid, Minimum 200. /-
Credit Card Duplicate Statement Fee Flat Fee 75/- + 25/- per page ;Flat fee 450/- +
25/- per page if more than 2 years
Flat Fee 75/- + 25/- per page ;Flat fee 450/- +
25/- per page if more than 2 years
Flat Fee 75/- + 25/- per page ;Flat fee 450/- +
25/- per page if more than 2 years
Credit Card Cash Advance Fee, Betting Fee/ Gambling 2% of amount withdrawn, Min 100/- 2% of amount withdrawn, Min 100/- 2% of amount withdrawn, Min 100/-
Credit Card Increase in Limit Fee 200/- 200/- 200/-
Credit Card Monthly Interest , Cash Ad Int: Standard 1.70% 1.70% 1.70%
Credit Card Monthly Interest Cash Ad Int:Gold 1.70% 1.70% 1.70%
Credit Card Monthly Interest , Cash Ad Int:Corporate 1.70% 1.70% 1.70%
Credit Card Monthly Interest Cash Ad Int: Platinum 1.70% 1.70% 1.70%
Credit Card Interest Free Period Up to 45 days Up to 45 days Up to 45 days
Courrier Charges for PIN Mailer 1,000/- if only PIN Mailer is sent else, send
together with card (as in 18.22) after customer has signed indemnity letter
1,000/- if only PIN Mailer is sent else, send
together with card (as in 18.22) after customer has signed indemnity letter
1,000/- if only PIN Mailer is sent else, send
together with card (as in 18.22) after customer has signed indemnity letter
Token/Card dispatch International Banking customers USD 50 or equivalent USD 50 or equivalent USD 50 or equivalent
Private Banking
Private Banking
Savings Account
Minimum Deposit MUR 10,000/-
Minimum balance to receive Interest MUR 10,000/-
Term Deposit
Minimum Deposit MUR 100,000/-
Uplift before maturity 1.00% -At the bank's discretion
Duplicate FD receipt NIL
Current Account
Minimum Deposit MUR 10,000/-
Half Yearly Ledger Fees:
1 -50 Entries MUR 100/- + vat
Additional block of 50 entries MUR 25/- + vat
Cash Handling Fee NIL
Cheques
Cost of Cheque Book MUR 7/- per leaf
Cheque returned unpaid OUTWARD - MUR 50/- per cheque
INWARD MUR 350/- due to lack of funds
Special Clearing MUR 250/-
Office Cheque Issuance MUR 175/-
Stop Payment Instruction MUR 100/-
Replacement of lost office cheque MUR 150/-
Transfer & Standing Order
Internal Transfer within the Bank Free
Internal STO within the Bank MUR 10/-
External STO to other banks MUR 30/-
Interbank transfer for same day application of funds (cut off time to apply) N/A
Standing Order- Non-execution Fee due to lack of funds MUR 100/-
Standing Order Cancellation
- Customer Instruction
Free
Direct Debit MUR 6/-
Unpaid Direct Debit (Lack of funds) MUR 100/-
Issue of Duplicate statements MUR 30/- per sheet + 250/- if beyond 2 years
Issue of duplicate statements by Fax/email N/a
Auditor's Report / (Audit Confirmation) MUR 1000/-
Letter of Reference / Comfort testimonials MUR 600/- per request
Certificate of interest / balance / liabilities MUR 300/- per request
Charges for account closure MUR 300/- for close of business only
MACSS Transfer MUR 125/-
Duplicate tax certificate/ credit advice upon customer's request MUR 50/-
Certificate of Means (for visa purposes) MUR 100/-
No transactions during last 12 months & minimum balance not maintained Free
Issuance of duplicate passbook Free
No transactions during last 12 months & minimum balance not maintained Free
Retrieving fees from Archives 150/-per document
Administrative Charges for sending reminders (To customers having availed facilities) 1st Reminder - MUR 175/-
2nd Reminder - MUR 200/-
International Banking
International Banking
Cash Management
Account Services
Minimum Monthly Balance Fee
(Foreign Currency & local Currency)
Free
Monthly Account maintenance (Foreign Currency) One-off fee and/or an annual maintenance fee may apply in case of all accounts. (new and existing)
This is subject to arrangements.
Active Accounts Free
Dormant Accounts USD 100 per Annum
Unclaimed Account (Inactive for more than 2 years) USD 200 per Annum
Closure of Account USD 25
Cash Handling
Deposits in Foreign Currency 1% min USD 20 only on approved currencies
Withdrawals in Foreign Currency 1.5% min USD 30
Remittances
Outward Remittance
Internal Funds Transfer within the Bank Free
Telegraphic Transfer/Swift 0.15% Min USD 25 Max USD 75+ Swift Charges
MACCS Transfer MUR 125
Overseas Bank Charges As incurred
Beneficiary Advising Email Advice Free
Beneficiary Advising Fax Advice Free
Correspondent Bank Investigation USD 30 per message
Swift Transfers after Cut off Time (15hrs)*
Terms and conditions apply
USD 150
Amendments to TT Instruction USD 30
Recall/ Cancellation of TT Instructions USD 30
Standing Order in MUR MUR 150
Standing Order in FCY USD 20 per payment + Swift Charges
Inward Remittance
TT/SWIFT Free of Charge
Bank Drafts/ Bank Cheque
Deposit of cheque/Draft 0.25%
Min USD 20 Max USD 40
Issuance of Bank Draft and Bank Cheque USD 30
Bank Draft & Bank Cheque Cancellation USD 30
Stale Draft USD 30
Cheque deposited and Returned Unpaid USD 20 plus courier & Overseas Charges
Trade Services
Refer to Trade Services Section
Cards Services
Refer to Electronic Banking Services
Internet Banking Fees
Viewing Access Free
View and Transact Access Free
First Token USD 15
Replacement of Token USD 15
Linked Company ( View only) Free
Linked Company ( View and Transact) Free
Password Reset Free
Other Services
Local Postage Free
Overseas Postage USD 10
Courier charges USD 50
Balance/ Audit Confirmation < 1 year USD 30
Balance/ Audit Confirmation > 1 year USD 50
Bank Reference USD 40
Copy of Swift Payment Free
Duplicate Statement USD 10 per sheet
KYC Report USD 50
Swift Charges USD 20
Investment Dealers
Account Opening Fee Up to USD 5,000 (One-off fee upon opening of account)
Account Maintenance Fee USD 750 per quarter (new and existing)
Trade Services
Trade Services
Exports
LC Advising 0.125%
Min USD 100
Max USD 400
LC Amendment Advising USD 50 Flat
LC Confirmation Subject to Country and bank risk
LC Pre-Advising USD 100 Flat Fee
Transfer of LC to second Beneficiary 0.25%
per quarter or part thereof
Min USD75
Max USD 250
Slight/Usance Export 0.25% plus Transit Interest
Min USD 50
Bills Purchased/Negotiated Under Export LC 0.25% (Min USD 50)
Export Bills for collection 0.25% (Min USD 100)
Financed 0.375%
Min USD 50
Non- Financed 0.25%
Min USD 50
Export Bill Handling USD 20 per bill
LC Cancellation 0.25 % Min USD 50
Usance Negotiation Fee USD 100 Flat Fee
Amendment - Transferred LC [Amount & Tenor] 0.25% per quarter or part thereof, Min USD 75 & Max USD 250
Amendment - Transferred LC [Other] USD 50 (flat)
Transferred LC -Negotiation 0.25% minimum fee USD 50
Usance Negotiation Fee USD 100 Flat Fee
Courier service charges (DHL) USD 50 per set
Commission on Unpaid LC (Monthly Chaser) USD 25 per chaser
SWIFT charges (per message) USD 20
Commission on Unaccepted Bill for Collection (Monthly Chaser) USD 25 per chaser
Commission on Unpaid Bill for Collection (Monthly Chaser) USD 25 per chaser
Courier charges USD 50 per set
Imports
Documentary Credit Issuance 0.25% per Quarter
Min USD 75 plus SWIFT Charges
LC Amendment: USD 50( flat)
Increase in amount Others USD 50( flat)
Import DC Payment 0.20%
Min USD 50 plus SWIFT Charges
Acceptance Commission 0.125% Min USD 50 Month
Import Bill for Collection 0.25% Min USD 50
Commission on unpaid bills USD 25 per chaser
SWIFT charges (per message) USD 20
LC Amendment
Extension of Validity
0.25 % per Quarter or part thereof Min USD 75 plus swift charges
Discrepancy Fee USD 75 (A/c beneficiary)
Cancellation of LC USD 30 (flat)
Unutilised (100%) fee Free of Charge
Avalisation of import Bills Subject to arrangement
Direct Settlement Commission (documents released free of payment) 0.25% (Min USD 50)
SWIFT charges (per message) USD 20
Courier charges USD 50 per set
Commission on Overdue Bill USD 25 per Chaser
Bill of Lading Endorsement Fee USD 100
Guarantees
Guarantees 2% p.a Min USD 125
Financial Guarantees 2% p.a Min USD 125
Avalised Bill of Exchange Subject to arrangement
Amendments to Guarantees - Amount & Period 2% p.a Min USD 125
Amendments to Guarantees - Other USD 100 flat fee
Advising Inward Guarantee Subject to arrangement
Processing of Claim Inward Guarantee Subject to arrangement
Leasing
Retail (MUR) Corporate (MUR) SME (MUR)
Leasing
MCIB Charges 50/- per report 50/- per report 50/- per report
(Fee not applicable for MauBank Financing Scheme and the SME Financing Scheme – MBA sponsored)
Search Fee 500/- 500/- 500/-
(Fee not applicable for MauBank Financing Scheme and the SME Financing Scheme – MBA sponsored)
Processing Fee on Lease Facility 1% of Lease Amount 1% of Lease Amount 1% of Lease Amount
(Fee not applicable for MauBank Financing Scheme and the SME Financing Scheme – MBA sponsored)
Registration of Lease Agreement As per Govt fees As per Govt fees As per Govt fees
Issuance of Office cheque at time of disbursement 175/- 175/- 175/-
Early Repayment Fee for Leasing disbursed prior Jan 2014 2.00% on principal outstanding balance 2.00% on principal outstanding balance 2.00% on principal outstanding balance
(Fee not applicable for MauBank Financing Scheme and the SME Financing Scheme – MBA sponsored)
Early Repayment Fee for Leasing disbursed after Jan 2014 Nil 2.00% on principal outstanding balance 2.00% on principal outstanding balance
(Fee not applicable for MauBank Financing Scheme and the SME Financing Scheme – MBA sponsored)
Other Services
Retail (MUR) Corporate (MUR) SME (MUR)
Other Services
Replacement of passbook 25/- 25/- 25/-
Cheque Returned unpaid Outward - 50 /- per cheque
Inward - 350 /- (Free for Non- Financial reason)
Outward - 50 /-per cheque
Inward - 350 /- (Free for Non- Financial reason)
Outward - 50 /-per cheque
Inward - (Free for Non- Financial reason)
Dormant Account Fee Nil Nil Nil
Cost of MICR Cheques 7/- per leaf 7.50/- per leaf 7.50/- per leaf
Personalised Cheques *Conditions Apply *Conditions Apply *Conditions Apply
Certificate of Interest/Balance/Liabilities/Others 300/- 300/- 300/-
Certificate of Means (for visa purposes) 100/- N/A N/A
Letter of Reference 600/- 600/- 600/-
Fees for Audit Confirmation 1000/- 1000/- 1000/-
MACSS Transfer to another local Bank in rupees (MACSS) over the counter 125 /- 125 /- 125 /-
MACSS Transfer to another local Bank in rupees (MACSS) through Internet Banking/Mobile Banking 75 /- 75 /- 75 /-
Special Clearing 250/- 250/- 250/-
Issuance of Office (Bank) Cheque 175/- 175/- 175/-
Replacement of Office (Bank) cheque reported lost 150/- 150/- 150/-
Stop payment instruction 100/- + additional 25/- per cheque if above 10 cheques

75/- for request made through Mobile Application

100/- + additional 25/- per cheque if above 10 cheques

75/- for request made through Mobile Application

100/- + additional 25/- per cheque if above 10 cheques

75/- for request made through Mobile Application

Copies of Duplicate tax certificate/ credit advice upon customer’s request 50/- per copy 50/- per copy 50/- per copy
Retrieving fees from Archives 150 /- per document 150 /- per document 150 /- per document
Salary/ Pension credit to beneficiary FREE FREE FREE
Salary processing N/a Macss Fee per bank transfer Macss Fee per bank transfer
Direct Debit processing 6/- 6/- 6/-
Direct Debit - Non-execution Fee due to lack of funds 100/- 100/- 100/-
Issuance of Duplicate statement of account (per sheet) 30 /- per sheet, + 250/- if beyond 2 years. 30 /- per sheet, + 250/- if beyond 2 years. 30 /- per sheet, + 250/- if beyond 2 years.
Closure of Account & Transfer to MauBank Account FREE FREE FREE
Closure of Account/Abandoned Funds Service Fees 300/- 300/- 300/-
Insurance Handling Fee 500/- Not applicable for customers opting to liaise directly with Insurance Co. 500/- Not applicable for customers opting to liaise directly with Insurance Co. 500/- Not applicable for customers opting to liaise directly with Insurance Co.
MNS - Non-execution due to lack of funds 150/- 150/- 150/-
Undelivered Cheque Book 125/- 125/- 125/-
Office Cheque Cancellation 100/- 100/- 100/-
Defunct Company Account Handling Fee N/A 500/- 500/-
Treasury Bills
Minimum account opening balance 250/- 250/- 250/-
Transaction Fee 0.25%, Maximum 2,500 250/- N/A
Fax Service
Local 15/- per page 15/- per page 15/- per page
Overseas 100/- per page 100/- per page 100/- per page
Standing Order
Standing Order to MauBank accounts 10/- 10/- 10/-
Standing Order to non MauBank accounts 30/- 30/- 30/-
Standing Order non-execution fee due to lack of funds 100/- 100/- 100/-