What is a Savings Account at Bank of Baroda Mauritius?

A Savings Account is a type of deposit account intended to encourage savings. It allows deposits and withdrawals and earns interest.

Who can open a Savings Account?

Any individual or entity capable of entering into a contract can open a savings account. Minors can open accounts with a guardian.

What is the current interest rate?

Interest in saving Bank account will be paid as per prevailing guideline. (ROI and service charges are subject to change as decided by the Bank’s.

When is interest paid?

Interest is paid half-yearly, on 1st June and 1st December.

What is the minimum opening balance?

MUR 1,000. Minimum average quarterly balance: MUR 1,000 for accounts without cheque book.

What are the account features?

Includes ATM card, no limit on withdrawals, internet/mobile banking, SMS alerts, e-statements, and cheque book (if MUR 500 balance is maintained).

Is Internet/Mobile Banking available?

Yes. Mobile Banking for individuals; Internet Banking for individuals and non-individuals.

How do I open a Savings Account?

Submit a filled Account Opening Form with required documents (ID, address proof, etc.).

Yes, the Bank is regulated by the Bank of Mauritius and the Reserve Bank of India.

Great savings can take you places

Choose from the many savings accounts we offer

Savings Account

Experience peace of mind with Bank of Baroda’s Savings Account in Mauritius. Our Savings Account provides a secure place to grow your money, while offering competitive interest rates and convenient access through easy withdrawals. Build a reliable financial future with a Savings Account designed to meet your needs.

Benefits
Criteria for Opening an Account
Interest Payment to Individual Customers Only
Terms & Conditions

Easy to operate
Provides liquidity to meet with all types of payment obligations and gateway for other banking services
Tool to cultivate banking habits in your kith and kin
Free issuance of ATM/Debit cards accepted worldwide
Direct debit facilities to meet various bill payments

National Identity Card (NIC) for a Mauritian Citizen
Passport (for a foreigner residing in Mauritius) along with work/resident permit
Proof of Residential Address
Original of recent Utility Bills/Local Authority tax bill, etc.

3.10% per annum with effect from 24.02.2025
Balance of Rs 5000.00 and above would only be eligible for payment of interest

No minimum and maximum period.

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What is a Savings Account at Bank of Baroda Mauritius?

A Savings Account is a type of deposit account intended to encourage savings. It allows deposits and withdrawals and earns interest.
Who can open a Savings Account?

Any individual or entity capable of entering into a contract can open a savings account. Minors can open accounts with a guardian.
What is the current interest rate?

Interest in saving Bank account will be paid as per prevailing guideline. (ROI and service charges are subject to change as decided by the Bank’s
When is interest paid?

Interest is paid half-yearly, on 1st June and 1st December.
What is the minimum opening balance?

MUR 1,000. Minimum average quarterly balance: MUR 1,000 for accounts without cheque book.
What is the minimum balance to earn interest?

MUR 5,000.
What are the account features?

Includes ATM card, no limit on withdrawals, internet/mobile banking, SMS alerts, e-statements, and cheque book (if MUR 500 balance is maintained).
Is Internet/Mobile Banking available?

Yes. Mobile Banking for individuals; Internet Banking for individuals and non-individuals.
How do I open a Savings Account?

Submit a filled Account Opening Form with required documents (ID, address proof, etc.).
Is the account safe?

Yes, the Bank is regulated by the Bank of Mauritius and the Reserve Bank of India.