FEES AND SERVICE CHARGES APPLICABLE AS FROM 01 APRIL 2022
| Individuals | Corporate | Others | ||
|---|---|---|---|---|
| A | Interest Rates | |||
| 1.1 | Savings Dep MUR | 0.40% | 0.00% | NA |
| 1.11 | Savings Dep (FCY) | 0.00%-0.10% | 0.00%-0.10% | NA |
| 1.2 | Term Dep (MUR) | 0.50%-1.40% | 0.50%-1.40% | NA |
| 1.4 | Term Dep (FCY) | |||
| 1.41 | Term Dep (USD) | 0.50% | 0.50% | NA |
| 1.42 | Term Dep (GBP) | 0.50% | 0.50% | NA |
| 1.43 | Term Dep (EURO) | 0.00% | 0.00% | NA |
| 2 | Credit Facilities(MUR) | |||
| 2.1 | Prime Lending Rate | 4.95% | 4.95% | 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 | NIL | NIL | NA |
| 4.2 | Minimum credit balance to earn interest | Rs5,000.00 | Rs10,000 | NA |
| Monthly service charges if credit balance falls below minimum balance | NIL | NIL | NA | |
| 4.3 | Cost of cheque book | Rs5.00 per leaf | Rs5.00 per leaf | NA |
| 4.4 | Dormant/Inoperative charges | Rs500 | Rs500 per half year | NA |
| 5 | Current Account | |||
| 5.1 | Minimum account opening balance | Rs5,000.00 | Rs5,000.00 | NA |
| 5.2 | Cost of cheque book | RS5.00 per leaf | Rs5.00 per leaf | NA |
| 5.3 | Monthly service charges | Min Rs100.00 Max Rs1000.00 per half year | NA | |
| 5.4 | Min Balance Charge | Rs100.00 | Rs500.00 | NA |
| 6 | Call Deposit Account | |||
| 6.1 | Minimum balance | NA | NA | NA |
| 6.2 | Minimum credit balance to earn interest | NA | NA | NA |
| 6.3 | Monthly service charges | NA | NA | NA |
| 6.4 | Dormant/Inoperative charges | Rs500.00 | Rs500.00 | |
| 7 | Term deposits (MUR) | |||
| 7.1 | Minimum amount | Rs25,000.00 | Rs100,000.00 | 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| 7.2 | Deposit withdrawn before maturity within 3 months | Interest will be paid 1% below card rate for completed period | Will be forfeited | NA |
| 7.3 | Deposit withdrawn before maturity after 3 months | Interest will be paid 1% below card rate for completed period | Interest will be paid 1% below card rate for completed period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 | USD1000 | USD1000 | NA |
| 8.12 | Minimum amount GBP | GBP100 | GBP100 | NA |
| 8.13 | Minimum amount EURO | 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| 8.21 | Deposit withdrawn before maturity USD | Interest will be paid at agreed rate for completed period | Interest will be paid at agreed rate for completed period | NA |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 |
| 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%, Min Rs.500.00 Max Rs2,000.00 | NA | |
| 11.11 | Home Loans | 1.00% | NA | |
| 11.2 | Others | 1.00% | 1.00% | 1.00% |
| 11.21 | Renewal | 0.5% of Review limit | 0.5% of Review limit | 0.5% of Review limit |
| 11.22 | Amendment fee | Rs500.00 per modification borrower induced | Rs1000.00 per modification borrower induced | |
| 11.3 | Arrangement fee | NIL | NIL | NA |
| 11.4 | Ledger fee | Rs2.00 per tran + VAT Saving Non Ind, OD/CA Hyearly | NA | |
| 11.5 | Commitment fee | NIL | NIL | 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 | NA | |
| 11.71 | Legal charges for creation of security documents | |||
| 11.8 | Documentation charges | NIL | NA | |
| 11.9 | Gages sans deplacement | Min Rs.500.00 + regn chg | NA | |
| 11.91 | Registration/Erasure of charges | Min Rs.500.00 +actual charge | NA | |
| 12 | Guarantees | |||
| 12.1 | Performance bonds Up to Rs5.0M | 0.125% pm Min 6mths charge or Rs.500.00 | NA | |
| 12.2 | Tender / bid bonds Up to Rs5.0M | 0.125% pm Min 6mths charge or Rs.500.00 | NA | |
| 12.3 | Advance payment bonds Up to Rs5.0M | 0.125% pm Min 6mths charge or Rs.500.00 | NA | |
| 12.4 | Retention money bonds / guarantees Up to Rs5.0M | 0.125% pm Min 6mths charge or Rs.500.00 | NA | |
| 12.5 | Shipping guarantee Up to Rs5.0M | 0.125% pm Min 6mths charge or Rs.500.00 | NA | |
| 12.6 | Guarantee above Rs5.0M | 1.0% pa Min 6mths charge | NA | |
| 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 | Rs200.00 | NA | NA |
| 14.21 | Reissuance of PIN | Rs150.00 | NA | NA |
| 14.3 | Withdrawals | |||
| 14.4 | Bank’s ATMs | NIL | NIL | NIL |
| 14.5 | Other Banks ATMs in MU | Rs50.00 | NA | NA |
| 14.6 | Other Banks ATMs Out MU | Rs100.00 | NA | NA |
| 14.7 | Balance Inquiry/Mini Statement ON US | Rs1.00 | NA | NA |
| 14.8 | Balance Inquiry OFF US | Rs10.00 | NA | NA |
| 15 | Others | |||
| 15.1 | Telegraphic transfer / SWIFT Transfer | 1.00% | 1.00% | NA |
| 15.2.1 | MACSS facility | Rs150.00 | Rs200.00 | NA |
| 15.2.2 | Remittance to India BOB to BOB |
Rs25.00 | NA | NA |
| 15.2.3 | Remittance to India BOB to NON BOB |
Rs50.00 | NA | NA |
| 15.3 | Audit confirmation certificate | Rs500.00 | Rs500.00 | NA |
| 15.4 | Testimonial / Banker’s reference fee | Rs100.00 | Rs100.00 | NA |
| 15.5 | Letter of reference | Rs100.00 | Rs100.00 | NA |
| 15.6 | Payroll fee | NA | NA | NA |
| 15.7 | Internet banking fee | NIL | NIL | NA |
| 15.8 | Duplicate statement of account | Rs.50 per sheet | Rs.100 per sheet | NA |
| 15.9 | Standing Instructions | |||
| 15.91 | Internal transfer | Rs15.00 | Rs15.00 | NA |
| 15.92 | Transfer to other banks | Rs30.00 | Rs30.00 | NA |
| 15.93 | Direct Debits on utility bill | Rs4.00 | Rs4.00 | NA |
| 15.94 | Unpaid SI due to insufficient funds | Rs100.00 | Rs100.00 | NA |
| 16 | Purchase of foreign cheques / bank drafts | |||
| 16.1 | DD INR up to INR25000 | Rs150.00 | Rs150.00 | NA |
| 16.2 | DD between INR 25K to INR100K | Rs200.00 | Rs200.00 | NA |
| 16.21 | DD between INR100K to INR400K | Rs300.00 | Rs300.00 | NA |
| 16.22 | DD above INR400K | Rs400.00 | Rs400.00 | NA |
| 16.3 | DD Other Currencies | 0.30% Min 10 Max 500 | 0.30% Min 10 Max 500 | NA |
| 16.4 | Office cheque issuance | Rs100.00 | Rs100.00 | NA |
| 16.5 | Cheque book facility | Rs5.00 per leaf | Rs5.00 per leaf | NA |
| 17 | Cheque returned | |||
| 17.1 | Inward | Rs100 | Rs100 | NA |
| 17.2 | Outward | Rs300 | Rs300 | NA |
| 17.3 | Stop payment orders | Rs50.00 per cheque Max Rs500.00 | Rs100.00 per cheque Max Rs1000.00 | NA |
| 18 | Safe Deposit Lockers | |||
| 18.1 | Type A | Rs1250.00+vat | Rs1250.00+vat | NA |
| 18.2 | Type B | Rs2000.00+vat | Rs2000.00+vat | NA |
| 18.3 | Type C | Rs2400.00+vat | Rs2400.00+vat | NA |
| 18.4 | Type D | Rs3500.00+vat | Rs3500.00+vat | NA |
| 18.5 | Type E | Rs4000.00+vat | Rs4000.00+vat | NA |
| 18.6 | Type F | Rs4500.00+vat | Rs4500.00+vat | NA |
| 18.7 | Type H | Rs5500.00+vat | Rs5500.00+vat | NA |
| 18.8 | Type L | Rs6500.00+vat | Rs6500.00+vat | NA |
| 18.9 | Night safe | NA | NA | NA |