FEES AND SERVICE CHARGES APPLICABLE AS FROM 01 OCTOBER 2024
| Individuals | Corporate | Others | ||
|---|---|---|---|---|
| A | Interest Rates | |||
| 1.1 | Savings Dep MUR | 2.60% | 0.10% - 0.50% | NA |
| 1.11 | Savings Dep (FCY) | 0.00%-0.25% | 0.00%-0.25% | NA |
| 1.12 | Savings Dep (GBP) | 0.00% - 0.25% | 0.00% - 0.25% | NA |
| 1.13 | Savings Dep (USD) | 0.00% - 1.00% | 0.00% - 1.00% | 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) | 0.50% | 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 | 6.95% | 6.95% | 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 | Rs1000 | Rs 5000 | NA |
| 4.2 | Minimum credit balance to earn interest | Rs5,000.00 | NA | NA |
| 4.3 | Cost of cheque book | Rs6.00 per leaf | Rs7.00 per leaf | NA |
| 4.4 | Dormant/inoperative reactivation charge | MUR500 /occurence | MUR500 /occurence | NA |
| 5 | Current Account | |||
| 5.1 | Minimum account opening balance | Rs5,000.00 | Rs 10000 | NA |
| 5.2 | Cost of cheque book | Rs6.00 per leaf | Rs7.00 per leaf | NA |
| 5.4 | Min Balance Charge | Rs 100+VAT Quarterly if Qtly Average Balance of Rs 1000 is not maintained |
Rs 500+VAT Quarterly if Qtly Average Balance of Rs 5000 is not maintained |
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 |
| 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| 7.2 | Deposit withdrawn before maturity within 3 months | Interest will be paid 1% below card rate for completed period | Will be forfeited | NA |
| 7.3 | Deposit withdrawn before maturity after 3 months | Interest will be paid 1% below card rate for completed period | Interest will be paid 1% below card rate for completed period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| 8.21 | Deposit withdrawn before maturity USD | Interest will be paid at agreed rate for completed period | Interest will be paid at agreed rate for completed period | NA |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 |
| 9.6 | Dormant/inoperative reactivation charge | EUR20 GBP20 USD20 Per occurence |
EUR20 GBP20 USD20 Per occurence |
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 of sanctioned limit Min Rs500 MaxRs2000 | 0.25%, Min of sanctioned limit Min Rs500 Max Rs2000 | NA |
| 11.11 | Home Loans | 1% of Sanctioned Limit Min Rs2500 Max Rs100,000 |
1% of Sanctioned Limit Min Rs10,000 Max Rs200,000 |
NA |
| 11.2 | Others | 1% of Sanctioned Limit Min Rs2500 Max Rs100,000 |
1% of Sanctioned Limit Min Rs10,000 Max Rs200,000 |
NA |
| 11.21 | Renewal | 0.5% of Review limit Min Rs1,250 Max Rs25000 | 0.5% of Review limit Min Rs2500 Max Rs50000 | NA |
| 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 | NIL | Rs 2 +VAT per tran Min Rs 500 | NA |
| 11.5 | Commitment fee | As per sanctioned terms & conditions | As per sanctioned terms & conditions | 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+ out of pocket exp of Rs500 per prop | Actual fee charged by Valuer subject to borrower protection act+ out of pocket exp of Rs1000 per prop | NA |
| 11.71 | Legal charges for creation of security documents |
Rs1000 for facility up to Rs 0.5M Rs 2500 for facility over Rs 0.5M up to Rs 5.0M Rs 5000 for facility over Rs 5.0M |
Rs 1500 for facility up to Rs 0.5M Rs 3000 for facility over Rs 0.5M up toRs 5.0M Rs 6000 for facility over Rs 5.0M |
NA | 11.8 | Documentation charges | Actual fee + handling charge of Rs 1000 | Actual fee + handling charge of Rs 1500 | NA |
| 11.9 | Gages sans deplacement | Actual fee + handling charge of Rs 1000 | Actual fee + handling charge of Rs 1500 | NA |
| 11.91 | Registration/Erasure of charges | Actual fee + handling charge of Rs 1000 | Actual fee + handling charge of Rs 1500 | NA |
| 12 | Guarantees | |||
| 12.1 | Performance bonds Up to Rs5.0M | 1.50% p.a. | 1.50% p.a. | NA |
| 12.2 | Tender / bid bonds Up to Rs5.0M | 1.50% p.a. | 1.50% p.a. | NA |
| 12.3 | Advance payment bonds Up to Rs5.0M | 1.50% p.a. | 1.50% p.a. | NA |
| 12.4 | Retention money bonds / guarantees Up to Rs5.0M | 1.50% p.a. | 1.50% p.a. | NA |
| 12.5 | Shipping guarantee Up to Rs5.0M | 1.50% p.a. | 1.50% p.a. | NA |
| 12.6 | Guarantee above Rs5.0M | 1.00% p.a. | 1.00% p.a. | 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 | Min 400+Out of pocket expenses | Min 500+Out of pocket expenses | NA |
| 15.2.1 | MACSS facility | Rs150.00 | Rs150.00 | 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 | 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/MRA Others | Rs6.00 Rs8.00 | Rs8.00 Rs8.00 | NA |
| 15.94 | Unpaid SI due to insufficient funds | Rs150 | Rs150 | 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 | Rs200 | Rs200 | NA |
| 16.5 | Cheque book facility | Rs6.00 per leaf | Rs7.00 per leaf | NA |
| 17 | Cheque returned | |||
| 17.1 | Inward | Rs100 | Rs100 | NA |
| 17.2 | Outward | Rs300 | Rs300 | NA |
| 17.3 | Stop payment orders | Rs 100 per cheque Max Rs2000 |
Rs 100 per cheque Max Rs2000 |
NA |
| 18 | Safe Deposit Lockers | |||
| 18.1 | Type A | Rs2000+vat | Rs2000+vat | NA |
| 18.2 | Type B | Rs3000.00+vat | Rs3000.00+vat | NA |
| 18.3 | Type C | Rs3500.00+vat | Rs3500.00+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 |
| 19 | Issuance of QR codes to Merchants Customers | |||
| 19.01 | Installation charge | Free | Free | NA |
| 19.02 | Rent | Free | Free | NA |
| 19.03 | Local QR MDR for Bank account holders | 0.75% +VAT per transaction | 0.75%+VAT Per transaction | NA |
| 19.04 | Local QR MDR for other Bank account holders | 1.00%+VAT Per transaction | 1.00%+VAT Per transaction | NA |
| 19.05 | UPI QR MDR for Bank account holders | 2.00%+VAT Per transaction | 2.00%+VAT Per transaction | NA |
| 19.06 | UPI QR MDR for other Bank account holders | 2.50%+VAT Per transaction | 2.50%+VAT Per transaction | NA |
| 19.06 | Waiver of MDR period (case to case basis) | Up to 3 months | Up to 3 months | NA |