FEES AND SERVICE CHARGES APPLICABLE AS FROM 01.11.2025
| Individuals | Corporate | Others | ||
|---|---|---|---|---|
| A | Interest Rates | |||
| 1.1 | Savings Dep MUR | 3.10% | 0.00% | NA |
| 1.11 | Savings Dep (FCY) | 0.00%-0.10% | 0.00%-0.10% | NA |
| 1.2 | Term Dep (MUR) | 3.30%-3.75% | 3.30%-3.75% | NA |
| 1.4 | Term Dep (FCY) | |||
| 1.41 | Term Dep (USD) | 0.5%-4.50% | 0.5%-4.50% | NA |
| 1.42 | Term Dep (GBP) | 0.5%-3.50% | 0.5%-3.50% | NA |
| 1.43 | Term Dep (EURO) | 0.5%-4.50% | 0.5%-4.50% | NA |
| 2 | Credit Facilities (MUR) | |||
| 2.1 | Prime Lending Rate | 7.45% | 7.45% | NA |
| 2.2 | Credit Card | NA | NA | NA |
| 2.3 | Other credit facilities-Margin over PLR | PLR+ 3% ABOVE PLR | PLR + 3% ABOVE PLR | NA |
| 3 | Credit Facilities(FCY) | |||
| 3.1 | Margin over LIBOR | NA | NA | NA |
| B | DEPOSITS | |||
| 4 | Savings Account | |||
| 4.1 | Minimum account opening balance | MUR1,000 | MUR1,000 | NA |
| 4.2 | Minimum credit balance to earn interest | MUR5,000.00 | NA | NA |
| Quarterly service charges if QAB falls below minimum balance | MUR100 | MUR500 | NA | |
| 5 | Current Account | |||
| 5.1 | Minimum account opening balance | MUR5,000.00 | MUR5,000.00 | NA |
| 5.2 | Quarterly service charges if QAB falls below minimum balance | MUR100.00 | MUR500.00 | NA |
| 6 | Call Deposit Account | |||
| 6.1 | Minimum balance | NA | NA | NA |
| 6.2 | Quarterly service charges if QAB falls below minimum balance | NA | NA | NA |
| 6.3 | Monthly service charges | NA | NA | NA |
| 7 | Term deposits (MUR) | |||
| 7.1 | Minimum amount | MUR25,000.00 | MUR100,000.00 | NA |
| 7.2 | Deposit withdrawn before maturity within 3 months | Interest will be paid 1% below card rate for completed period | Will be forfeited | NA |
| 7.3 | Deposit withdrawn before maturity after 3 months | Interest will be paid 1% below card rate for completed period | Interest will be paid 1% below card rate for completed period | NA |
| 8 | Term deposits (FCY) | |||
| 8.11 | Minimum amount USD | USD1,000 | USD1,000 | NA |
| 8.12 | Minimum amount GBP | GBP100 | GBP100 | NA |
| 8.13 | Minimum amount EUR | EUR100 | EUR100 | NA |
| 8.21 | Deposit withdrawn before maturity USD | Interest will be paid at agreed rate for completed period | Interest will be paid at agreed rate for completed period | NA |
| 8.22 | Deposit withdrawn before maturity GBP | Interest will be paid at agreed rate for completed period | Interest will be paid at agreed rate for completed period | NA |
| 8.23 | Deposit withdrawn before maturity EUR | NIL | NIL | NA |
| 9 | Foreign Currency Account | |||
| Minimum balance | ||||
| 9.1 | Euro | NA | NA | NA |
| 9.2 | Pound Sterling | NA | NA | NA |
| 9.3 | US Dollar | NA | NA | NA |
| 9.4 | Minimum credit balance to earn interest | NA | NA | NA |
| 9.5 | Monthly service charges | NA | NA | NA |
| 9.6 | Dormant charges of FCY Deposit Accounts | EUR10 GBP10 USD10 | EUR10 GBP10 USD10 | |
| C | CREDIT FACILITIES | |||
| 10 | Credit Cards | |||
| 10.1 | Annual fee | NA | NA | NA |
| 10.2 | Replacement of lost/stolen cards | NA | NA | NA |
| 10.3 | Cash advance fee | NA | NA | NA |
| 10.4 | Overlimit fee | NA | NA | NA |
| 11 | Loans and advances | |||
| Processing fee | ||||
| 11.1 | Against Deposits | 0.25%, of sanctioned limit Min MUR500 Max MUR2000 | 0.25%, of sanctioned limit Min MUR500 Max MUR2000 | NA |
| 11.11 | Home Loans | 1.0% of sanctioned limit Above MUR3.0M No charge | NA | |
| 11.2 | Others | 1.00% of sanctioned limit Min MUR2,500 MAX MUR0.1M | 1.00% of sanctioned limit Min MUR10K MAX MUR0.2M | |
| 11.21 | Renewal | 0.5% of Review limit Min MUR1,250 Max MUR25000 | 0.5% of Review limit Min MUR2500 Max MUR50000 | |
| 11.22 | Amendment fee | MUR2,000 per modification borrower induced | MUR5,000 per modification borrower induced | |
| 11.3 | Arrangement fee | NIL | NIL | NA |
| 11.4 | Ledger fee | MUR2.00 per tran + VAT Saving Non Ind, OD/CA H yearly MIN MUR500+VAT | MUR2.00 per tran + VAT Saving Non Ind, OD/CA H yearly MIN MUR500+VAT | NA |
| 11.5 | Commitment fee | Min Qtly average utilisation of sanctioned limit should be 60%. In case Qtly avg utilisation is less than 60% of sanctioned limit interest in the account will applied on min 60% of the sanctioned lim quaterly | Min Qtly average utilisation of sanctioned limit should be 60%. In case Qtly avg utilisation is less than 60% of sanctioned limit interest in the account will applied on min 60% of the sanctioned lim quaterly | NA |
| 11.6 | Early redemption / prepayment fee | NIL | NIL | NA |
| 11.7 | Valuation Survey & Report fee | Actual fee charged by Valuer subject to borrower protection act | Actual fee charged by Valuer subject to borrower protection act | NA |
| 11.71 | Legal charges for creation of security documents | MUR1000 fac below MUR 0.5M MUR2500 fac below MUR5M MUR5000 fac above MUR5M | MUR1500 fac below MUR 0.5M MUR3000 fac below MUR5M MUR6000 fac above MUR5M | NA |
| 11.8 | Documentation charges | Actual fee + MUR1000 | Actual fee + MUR1500 | NA |
| 11.9 | Gages sans deplacement | Actual fee + MUR1000 | Actual fee + MUR1500 | NA |
| 11.91 | Registration/Erasure of charges | Actual fee + MUR1000 | Actual fee + MUR1000 | NA |
| 12 | Guarantees | |||
| 12.1 | Performance bonds Up to MUR5.0M | 1.50% p.a. | 1.50% p.a. | NA |
| 12.2 | Tender / bid bonds Up to MUR5.0M | 1.50% p.a. | 1.50% p.a. | NA |
| 12.3 | Advance payment bonds Up to MUR5.0M | 1.50% p.a. | 1.50% p.a. | NA |
| 12.4 | Retention money bonds / guarantees Up to MUR5.0M | 1.50% p.a. | 1.50% p.a. | NA |
| 12.5 | Shipping guarantee Up to MUR5.0M | 1.50% p.a. | 1.50% p.a. | NA |
| 12.6 | Guarantee above Rs5.0M | 1.00% p.a. | 1.00% p.a. | A |
| D | GENERAL SERVICES | |||
| 13 | Treasury Bills | |||
| 13.1 | Account opening fee | NA | NA | NA |
| 13.2 | Transaction fee | NA | NA | NA |
| 14 | Debit cards | |||
| 14.1 | Annual fee | NA | NA | NA |
| 14.2 | Replacement of lost/stolen cards | MUR200. | NA | NA |
| 14.21 | Reissuance of PIN | MUR150. | NA | NA |
| 14.3 | ATM Withdrawals | |||
| 14.4 | Bank’s own ATMs | NIL | NIL | NIL |
| 14.5 | Other Banks ATMs in MTIUS | MUR50. | NA | NA |
| 14.6 | Other Banks ATMs Out MTIUS | MUR100 | NA | NA |
| 14.7 | Balance Inquiry/Mini Statement ON US | MUR10 | NA | NA |
| 14.8 | Balance Inquiry OFF US | MUR10 | NA | NA |
| 15 | Others | |||
| 15.1 | Telegraphic transfer / SWIFT Transfer | MUR350 or equivalent in USD +out of pocket exp of 1.00% of the amount | MUR350 or equivalent in USD +out of pocket exp of 1.00% of the amount | NA |
| 15.2.1 | MACSS facility | MUR150 | MUR150 | NA |
| 15.2.2 | Remittance to India BOB to BOB | MUR50 | NA | NA |
| 15.2.3 | Remittance to India BOB to NON BOB | MUR75 | NA | NA |
| 15.3 | Audit confirmation certificate | MUR1000 | MUR2500 | NA |
| 15.4 | Testimonial / Banker’s reference fee | MUR100.00 | MUR100.00 | NA |
| 15.5 | Letter of reference | MUR100.00 | MUR100.00 | NA |
| 15.6 | Payroll fee | NA | NA | NA |
| 15.7 | Internet/Mobile banking fee | NIL | NIL | NA |
| 15.8 | Duplicate statement of account | MUR50 per sheet | MUR100 per sheet | NA |
| 15.9 | Standing Instructions | |||
| 15.91 | SI Internal transfer | MUR15.00 | MUR15.00 | NA |
| 15.92 | SI Transfer to other banks | MUR30.00 | MUR30.00 | NA |
| 15.93 | Inter Bank EFT Incoming | NA | NA | NA |
| 15.94 | Inter Bank EFT Outgoing | MUR25 | MUR25 | NA |
| 15.95 |
Direct Debits with MRA Utility bills Others |
MUR6 MUR6 MUR8 |
MUR6 MUR6 MUR8 |
NA |
| 15.94 | Unpaid SI due to insufficient funds | MUR150 | MUR150 | NA |
| 16 | Purchase of foreign cheques / bank drafts | |||
| 16.1 | DD INR up to INR25000 | NA | NA | NA |
| 16.2 | DD between INR 25K to INR100K | NA | NA | NA |
| 16.21 | DD between INR100K to INR400K | NA | NA | NA |
| 16.22 | DD above INR400K | NA | NA | NA |
| 16.3 | DD Other Currencies | NA | NA | NA |
| 16.4 | Office cheque issuance | MUR200 | MUR200 | NA |
| 16.5 | Cheque book facility | MUR6. per leaf | MUR7 per leaf | NA |
| 17 | Cheque returned | |||
| 17.1 | Inward | MUR100 | MUR200 | NA |
| 17.2 | Outward | MUR300 | MUR300 | NA |
| 17.3 | Stop payment orders | MUR100 per cheque | MUR100 per cheque | NA |
| 18 | Safe Deposit Lockers | |||
| 18.1 | Type A | MUR3000+vat | MUR3000+vat | NA |
| 18.2 | Type B | MUR3500+vat | MUR3500+vat | NA |
| 18.3 | Type C | MUR4000+vat | MUR4000+vat | NA |
| 18.4 | Type D | MUR5000+vat | MUR5000+vat | NA |
| 18.5 | Type E | MUR6000+vat | MUR6000+vat | NA |
| 18.6 | Type F | MUR7000+vat | MUR7000+vat | NA |
| 18.7 | Type H | MUR8000+vat | MUR8000+vat | NA |
| 18.8 | Type L | MUR10000+vat | MUR10000+vat | NA |
| 18.91 | Night safe | NA | NA | NA |
| 18.92 | Locker access fee more than 12 times in a year | MUR100/occasion | MUR100/occasion | NA |
| 18.93 | Break open Fees/Key replacement | Actual cost +Service charge of MUR5000 | Actual cost +Service charge of MUR5000 | NA |
| 18.94 | Reminders for non payment of locker rents | MUR200+Postages | MUR200+Postages | NA |
| 18.95 | Penalty for Late Payment of Rent Rent <= MUR3000 | MUR20/months for 1st 3mtn thereafter MUR30/month | MUR20/months for 1st 3mtn thereafter MUR30/month | NA |
| 18.96 | Penalty for Late Payment of Rent Rent >MUR3000 | MUR30/months for 1st 3mtn thereafter MUR50/month | MUR30/months for 1st 3mtn thereafter MUR50/month | NA |
| 18.97 | Rent paid in Advance for 3 years and above | Case to case basis Max Disc of 10% | Case to case basis Max Disc of 10% | NA |
| 19 | Merchant UPI and Maucas Static Code | |||
| 19.1 | Installation charge | NA | NA | NA |
| 19.2 | Monthly rent | NA | NA | NA |
| 19.3 | Issuance of Local QR code MDR for Bank’s account holders | 0.75%+VAT/transaction amount | 0.75%+VAT/transaction amount | |
| 19.4 | Issuance of Local QR code MDR for other Banks account holder | 1%+VAT/transaction amount | 1%+VAT/transaction amount | NA |
| 19.5 | Issuance of UPI QR code MDR for Bank’s account holders | 2%+VAT/transaction amount | 2%+VAT/transaction amount | |
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Bank of Baroda List of charges for Domestic Branches
Statement of Fees and Charges (Updated from 01 Nov 2025)
S. No. Type of Charges REVISED SERVICE CHARGES FROM 01 Nov 2025 Individuals Non- Individuals A. DEPOSITS A.1 Minimum Balance for Opening of MUR Accounts Savings MUR 1,000.00 MUR 5,000.00 Current Account MUR 5,000.00 MUR 10,000.00 Term Deposits MUR 25,000.00 MUR100,000.00 A.2 Minimum Balance for Opening of FCY Accounts Savings 1,000.00 1,000.00 Term Deposits 5,000.00 25,000.00 A.3 Reactivation charges of accounts MUR Deposit Accounts No charge No charge EUR Deposit Accounts No charge No charge GBP Deposit Accounts No charge No charge USD Deposit Accounts No charge No charge A.4 Charges for not maintaining minimum balance Individual MUR100.00 Quarterly If Quarterly Average balance of MUR 1000.00 is not maintained. MUR 500.00 Quarterly. If monthly average balance of MUR 5000.00 not maintained. A.5 Ledger Folio charges Nil MUR 2.00 per transaction. Minimum MUR 500.00 half yearly A.6 Duplicate Pass-card Issuance of Duplicate Pass-card MUR 50.00 per Pass-Book/Statement with latest balance MUR 100.00 per Pass-Book/Statement with latest balance Charges on Issuance of Duplicate Pass-card for previous entries, if required MUR 100.00 per ledger page MUR 100.00 per Ledger page A.7 Cheque Book issuance charges MUR 6.00 per leaf MUR 7.00 per leaf A.8 Stop Payment Instruction MUR100.00 per instrument Maximum MUR2,000.00 MUR100.00 per instrument Maximum MUR2,000.00 A.9 Cheque Return Charges – per instrument Cheque deposited returned unpaid MUR 100.00 MUR 200.00 Cheque drawn on us returned unpaid MUR 300.00 MUR 300.00 A.10 Issue of Letter of Acknowledgement / Term Deposits in case of lost TDR MUR200.00 MUR200.00 A.11 Addition/Deletion of names in Joint Accounts/Nominations/Change in Operational instructions including lockers MUR 100.00 per occasion MUR100.00 per occasion A.12 Issuance of Balance Confirmation Certificate, at the request customer MUR1,000.00 Per Certificate MUR2,500.00 Per Certificate A.13 Closure of Accounts Within a year of its opening MUR 500.00 MUR1000.00 Beyond one year of its opening MUR 100.00 MUR 100.00 Due to the death of the account holder Nil Nil A.14 Issuance of Solvency Certificate Account Balance up to MUR500,000.00 MUR2,000.00 MUR2,500.00 Account Balance above MUR500,000.00 MUR400.00 per MUR100,000 and part thereof, subject to a maximum of MUR30,000.00 MUR500.00 per MUR100,000 and part thereof, subject to a maximum of MUR50,000.00 A.15 Issuance of Banker’s Certificate on behalf of Contractor for participating in the Government tender MUR1,000.00 Per certificate MUR2,000.00 Per certificate A.16 Allowing operations in an account through Power of Attorney Mandate MUR 2,500.00 One-time fee MUR 2,500.00 One-time fee A.17 Change of Authorized Signatory including reconstitution account MUR500.00 Per occasion MUR500.00Per occasion A.18 Premature Closure of Term Deposit (TD) Accounts in MUR – Actual run period Below 3 months from date of creation of TD No Interest No Interest Accounts in MUR – Actual run period above 3 months from date of creation of TD 1.00% below applicable rate for the actual run period 1.00% below applicable rate for the actual run period. B. LOANS AND ADVANCES B.1 Processing Fees (Fund Based and Non-Fund Based including Adhoc) New Advances other than against Deposits 1.00% of the Limit Sanctioned Minimum: MUR2,500.00 Maximum:MUR100,000.00 1.00% of the Limit Sanctioned Minimum: MUR10,000.00 Maximum:MUR200,000.00 Advances against Deposits (including own deposits, Third Party Deposits, FCNR Deposits and Deposits held at GBB) Onetime fee of 0.25% of the Limit Sanctioned Minimum: MUR 500.00 Maximum:2,000.00 Onetime fee of 0.25% of the Limit Sanctioned Minimum: MUR 500.00 Maximum:2,000.00 Review of Advances other than against Deposits 0.50% of the Limit being Reviewed Minimum: MUR1,250.00 Maximum: MUR25,000.00 0.50% of the Limit being Reviewed Minimum: MUR2,500.00 Maximum: MUR50,000.00 Excess/Temporary Overdraft Facility Minimum MUR2,000.00 Maximum 1% of the Sanctioned Limit with maximum of MUR 1,00,000/- Minimum MUR2,000.00 Maximum 1% of the Sanctioned Limit with maximum of MUR 1,00,000/- B.2 Borrower Induced Modification/ Concession charges Per modification/ Concession in all advances subsequent to the acceptance of Term Sheet/Sanction letter MUR2,000.00 MUR5,000.00 B.3 Early Repayment Fees: Facilities Governed under the Borrower Protection Act Nil Nil Other Accounts As per sanction specific Terms & Conditions As per sanction specific Terms & Conditions B.4 Commitment Fees: For Credit Facilities As per sanction specific Terms & Conditions As per sanction specific Terms & Conditions B.5 Site Visit Fees (per visit) MUR500.00 MUR1,000.00 B.6 Search Report Charges MUR700.00 Attorney’s Actual Fees per property MUR1,500.00 Attorney’s Actual Fees B.7 Valuation Charges Actual Fee Charged by the Valuer Actual Fee charged by the Valuer B.8 MCIB Report Actual Charges+ handling Charges of MUR100.00 per report Actual Charges + handling Charges of MUR100.00 per report B.9 Legal Charges for Vetting of Documents Facility below MUR500,000.00 MUR1,000.00 MUR1,500.00 Facility above MUR500,000.00 up to MUR5,000,000 MUR2,500.00 MUR3,000.00 Facility above MUR5,000,000 MUR5,000.00 MUR6,000.00 B.10 Creation of Documents at the Mortgage Office Registration of Fixed/Floating/Fixed-Floating Charges Actual Fees + Handling Charges of MUR1,000.00 Actual Fees + Handling Charges of MUR1,500.00 Registration of Pari Passu Charge Actual Fees + Handling Charges of MUR1,000.00 Actual Fees + Handling Charges of MUR1,500.00 Registration of Ceding Priority Charge Actual Fees + Handling Charges of MUR1,000.00 Actual Fees + Handling Charges of MUR1,500.00 Registration for Substitution of Charge Actual Fees + Handling Charges of MUR1,000.00 Actual Fees + Handling Charges of MUR1,500.00 Registration of Gage Sans Deplacement/ Lien to be inscribed on Vehicle at NTA Actual Fees + Handling Charges of MUR1,000.00 Actual Fees + Handling Charges of MUR1,500.00 Registration of Gage Sans Deplacement as additional security/ Lien to be inscribed on Vehicle at NTA Actual Fees + Handling Charges of MUR500.00 Actual Fees + Handling Charges of MUR1,000.00 B.11 Renewal of Charge Documents Actual Fees + Handling Charges of MUR1,000.00 Actual Fees + Handling Charges of MUR1500.00 B.12 Crystallisation of Charge Documents Actual Fees + Handling Charges of MUR1,000.00 Actual Fees + Handling Charges of MUR1500.00 B.13 Erasure of charge Removal of Charge in respect of Fixed/ Floating charges, Mortgage, etc. Actual Fees + MUR1,000.00 per charge Actual Fees + MUR1,500.00 per charge Partial Erasure Actual Fees + MUR1,000.00 per charge Actual Fees + MUR1,500.00 per charge Removal of Lien in respect of Car Loan Actual Fees + MUR 500.00 per occasion Actual Fees + MUR 1,500.00 per occasion C. OUTWARD REMITTANCES: C.1 Outward Remittances in Foreign Currencies through SWIFT (MUR to FCY) Minimum MUR 400.00 + Out of pocket expenses Minimum MUR 500.00 + Out of pocket expenses C.2 Rapid Funds to India BOB to BOB MUR 50.00 N/A BOB to Other Banks in India MUR 100.00 N/A C.3 Bank Cheque Issuance MUR 200.00 MUR 200.00 Cancellation MUR 500.00 MUR 500.00 C.4 MACSS Transfer MUR150.00 MUR150.00 D. INWARD REMITTANCES D.1 Inward Remittance to Credit FCA/Local Account Up to USD.10,000.00 Free USD.10.00 Above USD.10,000.00 Free USD.20.00 D.2 Deposit of Foreign Cheque 0.20% of the amount Min. USD 10.00 Max. USD 50.00+ Actual Courier Charges 0.20% of the amount Min.: USD 20.00 Max.: USD 50.00 + Actual Courier Charges D.3 Purchase of Personal Cheque Applicable Buying Rate + interest for a transit period of 15 days at Domestic Commercial Rate of Interest (6 months SOFR + 4.50%) Applicable Buying Rate + interest for a transit period of 15 days at Domestic Commercial Rate of Interest (6 months SOFR + 4.50%) D.4 Inward Remittances to be executed in Foreign Currency through Payment Order, Charges shall be recovered from Beneficiary/Beneficiary Bank 0.10% of the amount Min. MUR 100.00 Max. : MUR 5,000.00 0.10% of the amount Min. MUR 100.00 Max. : MUR 5,000.00 D.5 Clean Instrument for Collection (Overseas) 0.10% of the amount Min. MUR 200.00 Max.: MUR 5,000.00+postages/courrier charges 0.10% of the amount Min. : MUR 200.00 Max. : MUR 5,000+postages/courier charges E. ATM / DEBIT CARD E.1 Card Replacement MUR 200.00 N/A E.2 PIN Reissuance MUR 150.00 N/A E.3 Cash Withdrawal at ATM Of Branches of our own Bank Free N/A Of Branches of Local Banks MUR 50.00 N/A Of Branches of Banks Overseas MUR 100.00 N/A E.4 Mini Statement at Branches of our own Bank MUR 10.00 N/A E.5 Card Renewal Fee Free N/A E.6 Card Blocking/Hotlist Fee Free N/A E.7 Card Deblocking/De-hot Listing Fee Free N/A E.8 SMS Transactions Alerts Free N/A E.9 Merchant UPI and Maucas Static QR code Installation charges Free Free Monthly Rent Free Free Issuance of local QR code MDR for BOB Account holder 0.75% /transaction 0.75% /transaction Issuance of local QR code MDR for NON BOB Account holder 1.00% /transaction 1.00% /transaction Issuance of UPI QR code MDR for BOB Account holder 2.00% /transaction 0.75% /transaction Issuance of UPI QR code MDR for NON BOB Account holder 2.50% /transaction 1.00% /transaction Waiver of MDR period (case to case) F. EXPORT LC Letters of Credit include Letters of Credit, Standby Letters of Credit, Letters of Authority, Orders to negotiate, orders for payment and all types of documents of similar nature F.1 Advising Commission, Amendments, Advising through Bank MUR1,000.00 + SWIFT Charges MUR1,000.00 + SWIFT Charges F.2 Charges for adding confirmation to a Letter of Credit. Unified Charges (Commitment + Usance) MUR1,000.00 + SWIFT Charges MUR1,000.00 + SWIFT Charges F.3 Sight LCs and up to 30 days Usance MUR 1,000.00 MUR 1,000.00 F.4 LCs beyond 30 days Usance MUR 1,500.00 MUR 1,500.00 F.5 Charge for Issue of Certificates/Attestation Authorisation in respect of transactions MUR200.00 per Certificate MUR200.00 per Certificate F.6 Overdue Bill sent on collection where the proceeds are not received in NOSTRO Account on or before the due date MUR 500.00 for each follow-up MUR 500.00 for each follow-up F.7 Overdue Export Bills Purchased/ Discounted/ Negotiated and subsequently treated as collection item after crystallisation 2.00% above applicable rate. 2.00% above applicable rate. F.8 Charges recoverable from the exporters where advance payment towards export is received. MUR 500.00 per Remittance MUR 500.00 per Remittance F.9 Interest on Negotiation/Purchase/discount of Bills Interest to be charged at applicable rate on all Discounted Export bills from date of the negotiation till amount is credited in our Nostro Account abroad Interest to be charged at applicable rate on all Discounted Export bills from date of the negotiation till amount is credited in our Nostro Account abroad F.10 Local Fees and Postages MUR500.00 MUR500.00 F.11 Courier Charges on DHL Services A flat fee of USD.50.00 or actual charges whichever is higher A flat fee of USD.50.00 or actual charges whichever is higher F.12 Export Bills on Collection 0.50% of Bill Amount Min: MUR1,000.00 0.50% of Bill Amount Min: MUR1,000.00 G. IMPORT LC Charges for establishing Letter of Credit Unified Charges (Commitment + Usance) G.1 Sight LCs and up to 30 days usance 0.50% of the LC Amount Min: MUR2,000.00 0.50% of the LC Amount Min: MUR2,000.00 G. 2 LC beyond 30 days usance 0.50% of the LC Amount Min: MUR4,000.00 for the first quarter + 0.25% for additional quarters 0.50% of the LC Amount Min: MUR4,000.00 for the first quarter + 0.25% for additional quarters G.3 Letter of Credit against 100% Cash Margin 25% of the applicable charges under sight LCs and up to 30 days usance 25% of the applicable charges under sight LCs and up to 30 days usance G.4 Amendment: Extension of Validity/ Enhancement of Value / Altering tenor of Bill of Exchange MUR750.00 per amendment + SWIFT Charges MUR750.00 per amendment + SWIFT Charges G.5 Commission for any amendment to a LC, other than extension of its validity or enhancement of its value MUR 750.00 per amendment + SWIFT Charges MUR 750.00 per amendment + SWIFT Charges G.6 Revival of Expired LCs. Any revival or reinstatement of an expired LC shall be at the option of the bank but within -3- months from the date of expiry Unified Charges applicable as mentioned under Sight LCs and up to 30 days usance from the date of expiry up to the validity period of the revived LC Unified Charges applicable as mentioned under Sight LCs and up to 30 days usance from the date of expiry up to the validity period of the revived LC G.7 SWIFT Charges for opening of LC MUR600.00 MUR600.00 G.7 SWIFT Charges for amendment of LC MUR 350 MUR 350.00 H. STAND BY LETTER OF CREDIT / BANK GUARANTEE H.1 Processing Fee on issue of SB-LC/Bank Guarantee Nil 1.00% of the Amount H.2 Processing Fee on issue of SB-LC/Bank Guarantee against Cash Margin Nil 0.25% of the Amount H.3 Issuance Charges on Stand-by Letter of Credit / Bank Guarantee 1.50% p.a. Minimum 6 months charges or MUR1000 whichever is higher 1.50% p.a. Minimum 6 months charges or MUR1000 whichever is higher H.4 Stand-by Letter of Credit against Cash Margin 25% of the charges under H3 above 25% of the charges under H3 above H.5 Crystallisation of Import Bills under Letter of Credit at the retirement or Crystallisation (whichever is earlier) of the import Bills 0.125% of each import bill at the time of lodgement. Min : MUR 500.00 Max.: MUR 10,000.00 0.125% of each import bill at the time of lodgement. Min. : MUR 500.00 Max.: MUR 10,000.00 H.6 Commission on Foreign Currency Import Bills received under Letters of Credit on which no benefits accrue to the Opening Bank (FIBC) O.50% Min: MUR500.00 Max: MUR10,000.00 +Postages: MUR500.00 +SWIFT Charges O.50% Min: MUR500.00 Max: MUR10,000.00 +Postages: MUR500.00 +SWIFT Charges H.7 Extension of Due Date of Bills MUR 500.00 + Out of Pocket Expenses. MUR 500.00 + Out of Pocket expenses H.8 Handling Charges of Bills returned unpaid (FIBC unpaid) MUR 1,000.00 + Out of Pocket Expenses MUR 1,000.00 + Out of Pocket Expenses H.9 Discrepancy Charges in case of non-conforming documents under Letters of Credit As per agreement Min: MUR1,000.00 As per agreement Min: MUR1,000.00 H.10 Countersigning / Co-acceptance / Availisations of import Bills Up to MUR5,000,000.00 1.50% p.a. 1.50% p.a. Above MUR5,000,000.00 1.00% p.a. 1.00% p.a. H.11 Custody charges for overdue bills (beyond 15 days) MUR1,000.00 per month or part thereof for each bill, if the bill is not paid within 10 days from the due date/ date of presentation MUR1,000.00 per month or part thereof for each bill, if the bill is not paid within 10 days from the due date/ date of presentation H.12 Recovery of Commission in lieu of exchange on import bills payment which are settled out of foreign currency loans arranged abroad and / or foreign currency accounts Letters of Credit opened being settled out of foreign currency loans arranged abroad / foreign Currency Account 0.10% Min: MUR1,000.00 0.10% Min: MUR1,000.00 Bills not covered under LC 0.10% + Collection charges 0.10% + Collection charges H.13 Protest Fees (Bill to be protested at the request of the Foreign Bank) 0.50% Min. : MUR 1,000.00 Max. : MUR 25,000.00 +Attorney Fees, if any, to be collected from the Foreign bank. 0.50% Min. : MUR 1,000.00 Max. : MUR 25,000.00 +Attorney Fees, if any, to be collected from the Foreign bank. H.14 Return of Foreign Cheque Charges MUR 100.00 per cheque + 0.50% Collection commission Max : MUR 10,000.00 + Out of pocket expenses MUR 100.00 per cheque + 0.50% Collection commission Max : MUR 10,000.00 + Out of pocket expenses I. BILLS HANDLING I.1 For each Foreign Currency & Rupee Export Bill Purchased / Discounted / Negotiated Bills under LC 0.50% Min: MUR500.00 Max.MUR50,000.00 + Interest as per agreement 0.50% Min: MUR500.00 Max.MUR50,000.00 + Interest as per agreement Bills other than under LC 1.00% Min: MUR500.00 Max.MUR50,000.00 + Interest as per agreement 1.00% Min: MUR500.00 Max.MUR50,000.00 + Interest as per agreement I.2 Where the Bank sends an Export Bill for negotiation to another Bank (due to reasons such as LC being restricted to the latter or the LC has been confirmed by letter, etc.) MUR1,000.00 +Out of pocket expenses Per bill MUR1,000.00 +Out of pocket expenses Per bill I.3 Where reimbursement under Letter Credit is claimed by the Bank with another Bank MUR1,000.00 +Out of pocket expenses For each Claim MUR1,000.00 +Out of pocket expenses For each Claim I.4 Commission on advising beneficiary Bank with discrepancies in documents negotiated under LC MUR1,000.00 Per discrepancy MUR1,000.00 Per discrepancy I.5 If the entire sets of export documents have been sent by the exporter directly to the Overseas Buyer after complying with Exchange MUR1,000.00 MUR 750.00 MUR 500.00 MUR1,000.00 MUR 750.00 MUR 500.00 Bill up to USD.25,000.00 Bill Above USD.25,000.00 J. SAFE DEPOSIT LOCKERS J.1 Minimum Deposits for availing Locker Facility 3 years of the rent amount 3 years of the rent amount J.2 Category A MUR 3,000.00 MUR 3,000.00 J.3 Category B MUR 3,500.00 MUR 3,500.00 J.4 Category C MUR 4,000.00 MUR 4,000.00 J.5 Category D MUR 5,000.00 MUR 5,000.00 J.6 Category E MUR 6,000.00 MUR 6,000.00 J.7 Category F MUR 7,000.00 MUR 7,000.00 J.8 Category H MUR 8,000.00 MUR 8,000.00 J.9 Category L MUR 10,000.00 MUR 10,000.00 J.10 Locker Access Fee – More than 12 times in a year MUR 100.00 per occasion MUR 100.00 per occasion J.11 Breaking Open Fees / Replacement of Keys Actual Cost + Service Charges of MUR5,000.00 Actual Cost + Service Charges of MUR5,000.00 J.12 Reminders for Non-Payment of Locker Rents MUR 200.00+Postages MUR 200.00+Postages J.13 Penalty for Late Payment on Locker Rent (to be levied from due date) For Locker rent up to MUR3,000.00 MUR 20.00 month or part thereof for the first 3 months; and MUR 30.00 per month thereafter. MUR 20.00 month or part thereof for the first 3 months; and MUR 30.00 per month thereafter. For Locker rent above MUR3,000.00 MUR 30.00 per month or part thereof for the first 3 months; and MUR 50.00 per month thereafter MUR 30.00 per month or part thereof for the first 3 months; and MUR 50.00 per month thereafter J.14 Rent paid in advance for -3- years and above Case to case basis Max. Discount of 10.00% Case to case basis Max. Discount of 10.00% K. OTHER SERVICE CHARGES K.1 Standing Instructions Within the Bank MUR 15.00 MUR 15.00 Inter-Bank MUR 30.00 MUR 30.00 SI Failure Charges due to Insufficient Funds MUR150.00 MUR150.00 K.2 Direct Debit MRA MUR6.00 MUR6.00 Utility Bills MUR6.00 MUR6.00 Other Companies/Individuals MUR8.00 MUR8.00 K.3 Salary/Pension Credit Free Free K.4 Inter-Bank EFT Incoming Free Free Outgoing MUR25.00 MUR25.00 K.5 Cheque Deposit Free Free Payment Free Free K.6 Transfer of Funds within the Bank Over the counter Free Free Through Internet Banking Free Free Through Mobile Banking Free Free K.7 Banking Access For Internet Banking Free Free For Mobile Banking Free Free K.8 Monthly E-Statement of Accounts Free Free K.9 Safe Custody Charge N/A MUR5,000.00 p.a. K.10 Attestation of Customers’ Signature MUR500.00 per certificate MUR500.00 per certificate K.11 Issuance of No Liability Certificate MUR500.00 per certificate MUR500.00 per certificate K.12 Credit Report (including opinion / introduction) MUR1,000.00 per certificate MUR1,000.00 per certificate K.13 Inquiries relating to old records Up to -2- Years Search Fee of MUR200.00 Above -2- Years Search Fee of MUR500.00 + MUR50.00 per page Up to -2- Years Search Fee of MUR200.00 Above -2- Years Search Fee of MUR500.00 + MUR50.00 per page K.14 Drawings against uncleared effects Interest to be applied as per agreement Interest to be applied as per agreement K.15 Attestation of Photo MUR200.00 per certificate MUR200.00 per certificate K.16 Cash Handling Charges Free Free K.17 Issuance / Deposit of Foreign Currency Notes from FCA USD/EUR/GBP: 1.00% of the amount issued. Other Currency: 0.50% of the amount issued. USD/EUR/GBP: 1.00% of the amount issued. Other Currency: 0.50% of the amount issued. K.18 Postal Charges Ordinary Post Actual Cost Min: MUR75.00 Actual Cost Min: MUR75.00 Registered Post Actual Cost Min: MUR150.00 Actual Cost Min: MUR150.00 K.19 Courier Charges Actual charge Min.: MUR 100.00 per instrument, per occasion Unless otherwise specified Actual charge Min.: MUR 100.00 per instrument, per occasion Unless otherwise specified K.20 SWIFT Charges MUR 400.00 or equivalent in USD per message + Out of pocket expenses MUR 500.00 or equivalent in USD per message + Out of pocket expenses.
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Bank of Baroda List of charges for Global Business Branch
Statement of Fees and Charges (Updated from 01 Nov 2025)
SERVICE CHARGES for GBB
OUTWARD REMITTANCES (DD/MT/TT) -
For Individuals (USD)
For Non- Individual (USD)
On our Branches in Indian Rupees
Exchange @ 0.2% Minimum
Maximum
2
10
5
25
For TTs, an extra amount will be
Levied to wards telex / fax cost.
5
15
In other currencies other than INR
Exchange @ 0.2% Minimum
Maximum
10
50
30
100
For TTs, an extra amount will be
Levied towards telex / fax cost.
10
25
(C) TT drawn on Port Louis
No charges
10
Note: First transaction of the month is free of cost per month for salaried account, maintained with our bank.
For Individuals (USD)
For Non- Individual (USD)
Bank Transfer
No charges
No charges
(b) Collection Charges
Cheque /Draft Collection
Commission @ 0.1%
Commission @ 0.1%
Up to US$ 5,000 Minimum
5
10
Beyond US$ 5,000 Maximum
50
100
(c ) Cheque /Draft purchase
Commission as applicable to collection+
0.5% towards purchase up to US$ 5000 Minimum
30
35
Beyond US$ 5000 Minimum
60
100
Note - If cheques are to be sent by courier: Additional charges of $ 25 towards Courier.
3. CASH TRANSACTIONS:
- Normally, credits by Currency notes or withdrawals in cash are discouraged.
- Whenever Cash is deposited or Withdrawn by the customers the following charges are levied. Currency in USD /GBP/EURO-commission up to 1% may be obtained as per availability of currency.
4. OTHER SERVICES:
For Individuals (USD)
For Non- Individual (USD)
(a) Telex sent on behalf of customers- Overseas
USD 10
USD 10
For issue of duplicate Draft / refund in lieu
of lost draft / cancellation / amendment in draft
USD 10
USD 10
(c) Amendment in TT
USD 10
USD 20
(d) Credit Report/ Audit Reports (Per Report)
USD 10
USD 50
(e) Balance Confirmation/certificate
From $ 10 to $ 50/- per Balance confirmation depending upon Business relationship of the company.
Note -
- For transactions in currencies other than USD, charges are levied in equivalent USD. (Manually)
- Wherever correspondent charges are levied, deductions are made from credits.
- In case of Inoperative /Inactive A/c’s- USD 20/- Every June & December (half yearly basis), if no transaction in a year. (Manually)
- Branch may recover out of pocket expenses/ service charges in respect of miscellaneous services provided viz duplicate statement/ information over fax/ by courier etc.
- Ledger folio/Dormant charges recovery done manually.
For Individuals (USD)
For Non- Individual (USD)
(f) Duplicate statement
Nil
USD 10
(g) Average Minimum Balance requirement (annually)
Nil
USD 3000
(h) Non-maintenance of minimum balance
Nil
USD 200/yearly
(i)Closure of account
Due to death of account holder
Nil
USD 30
Nil
5. DOCUMENTARY CREDITS: -
(a) IMPORTS:
1. Opening of letter of credit:
½% for the first 3 months or part thereof + ¼% for each additional quarter or part thereof. i.e. Min USD 100 /-
Additional SWIFT charges $ 25/-.
2. Amendments to L/C = such as Increase in amount, extension of validity, if any.
Flat USD 50 up to USD 50,000/=
USD 100 above USD 50,000/=
3. Release of documents against Payments.
¼% flat Min USD 50/-. + Swift charges $ 25/-
4. Acceptance of documents
Flat USD 75/=
Release of documents free of payment.
¼% Min USD 50.
6. Returning charges
Flat $ 25/=
7. Issue of bank guarantee
½% p.a. Min $ 50/=
Min. Com to be charged is for 6 months.
EXPORTS:
1. Advising L/C without confirmation
Flat $ 50/-.
2. Advising amendment
Flat $ 50/-.
3. Advising with confirmation
¼% flat per quarter or part thereof Min. US$ 100
4. Negotiation of documents
¼% Min USD 75+ courier charges $ 50.
5. Discounting of Bills
As per pricing guidelines of TF pricing cell.
6. Reimbursement charges
USD 75/-
7. Overdue Export bill sent on collection where proceeds are not received on due date.
USD 50/- per quarter
6. ADVANCE ACCOUNT:
1. Processing Fees
As per Agreement with the customer. (Maximum 1% of the loan amount)
Renewal Fees (Review)
50% of applicable processing fees or as agreement with the customer.
Documentation Fees.
As per Agreement with the customer with minimum applicable fees as per Mauritius / applicable Law.
Rate of Interest
As per Agreement with the customer. (On case-to-case basis)
Inspection Charges
$ 200/-. However, in case of actual Inspection charges are higher, the same shall be recovered from the borrower.
Other Costs
Search costs, renewal/erasure of charges and all other incidental costs/professional fees/credit report charges shall be payable by Borrower on actual basis as and when incurred.