services-bank-draft

Bank Drafts

Bank drafts offer a convenient and secure means of payment, and are more easily negotiated than postal money orders and are less vulnerable than cash to loss or theft.

1. What is the MauBank Fixed Deposit campaign about?

The MauBank Fixed Deposit campaign is a special offer valid until 30 June 2026, designed for customers looking for a secure and structured way to place their money over a fixed period, while benefiting from attractive fixed interest rates and flexible interest payment options.

It is designed for individuals and businesses looking for stability, predictability and confidence in managing their funds.

2. Why choose a Fixed Deposit in 2026?

A Fixed Deposit can be a suitable option for customers who want to secure their funds over a defined period while benefiting from a fixed and predictable return.

It is particularly relevant for those who value stability, medium-term planning and a clear interest structure.

3. Who is this Fixed Deposit suitable for?

This offer may be suitable for customers who:

  • Have funds they do not need to use immediately
  • Want a fixed return over 24 or 36 months
  • Prefer a lower-risk placement option
  • Need predictable interest payment options
  • Want to secure their capital while planning ahead


4. Who can open a MauBank Fixed Deposit under this campaign?

The offer is open to both individual and non-individual depositors, subject to the usual account opening requirements and KYC documentation as per MauBank’s policy.

5. Do I need to be an existing MauBank customer to open a Fixed Deposit?

No. The campaign offer is open to both existing MauBank customers and new customers.

New customers may open a Fixed Deposit with MauBank by completing the required account opening and KYC procedures.

6. Can businesses or SMEs open a Fixed Deposit under this campaign?

Yes. Non-individual depositors, including businesses and SMEs, may open a Fixed Deposit under this campaign, subject to MauBank’s eligibility and KYC requirements.

7. What is the minimum amount required to open a MauBank Fixed Deposit?

The minimum placement amount is MUR 100,000 (Mauritian Rupees One Hundred Thousand only).

8. Does the offer apply to foreign currency deposits?

No. This campaign applies to local currency term deposits only, in Mauritian Rupees - MUR.

9. What tenors are available under this campaign?

The promotional rates apply to Fixed Deposits with a tenor of:

  • 24 months
  • 36 months


For other tenors, MauBank’s normal published rates will apply.

10. What are the promotional interest rates from 15 April to 30 June 2026?



The AER is 4.31% for a Rate of Interest of 4.50% over 36 months, interest payable at maturity.
Terms and conditions apply.

11. Is the interest rate fixed?

Yes. The interest rate is fixed for the selected tenor, giving you clarity and predictability on your return.

12. How is interest paid?

MauBank offers flexible interest payment options. Depending on your preference, interest may be paid:

  • Monthly
  • Quarterly
  • Half-yearly
  • Yearly
  • At maturity

The applicable rate will depend on the tenor and the selected interest payment frequency.

13. Can I choose how often I receive my interest?

Yes. One of the advantages of the MauBank Fixed Deposit offer is that you can choose the interest payment frequency that best suits your needs, from monthly interest payments to payment at maturity.

14. What is the difference between monthly interest and interest paid at maturity?

With monthly interest, the interest amount is credited to your account on a monthly basis. With interest paid at maturity, the interest is credited at the end of the deposit period and may offer a higher promotional rate, depending on the selected tenor.

15. Can I open more than one Fixed Deposit?

Yes. Customers may open multiple Fixed Deposits, provided each placement meets the campaign conditions, including the minimum amount and eligible tenor.

16. What happens when my Fixed Deposit reaches maturity?

At maturity, the Fixed Deposit may be renewed automatically for an identical period at the board rate prevailing at that time, unless you provide different instructions before the maturity date.

17. Can I withdraw my Fixed Deposit before maturity?

Yes, but early withdrawal penalties shall apply as per the Bank’s Tariff Guide which is available on the bank’s website www.maubank.mu or at any MauBank Business Centre.

18. Can I access credit facilities against my Fixed Deposit?

Yes. Customers may access credit facilities backed by their Fixed Deposit, subject to MauBank’s approval and applicable terms and conditions.

19. Is my money secure with MauBank?

MauBank is a government-owned financial institution licensed by the Bank of Mauritius and the Financial Services Commission. The Fixed Deposit offer is designed for customers seeking a stable and structured placement solution.

20. How long is the campaign valid?

This special offer is valid until 30 June 2026, unless otherwise amended, extended or withdrawn by MauBank.

21. How can I open a MauBank Fixed Deposit Account?

You can open a MauBank Fixed Deposit Account by:

  • Visiting any MauBank Business Centre
  • Submit your interest through the campaign landing page here