Bank of Mauritius Template on Fees, Charges and Commission (Last updated on 06/12/2017)

Interest Rates
Individuals Corporates Others
Deposit
Savings (MUR) 1.80 % – 1.90 % p.a payable half – yearly n/a n/a
Call (MUR) n/a n/a n/a
Term (MUR)
3 months Market rate 1.00% at maturity n/a
6 months Market rate 1.15% at maturity n/a
12 months Market rate PLR – 4.30 % p.a n/a
24 months Market rate PLR – 4.20 % p.a n/a
36 months Market rate PLR – 3.95 % p.a n/a
48 months Market rate PLR – 3.60 % p.a n/a
60 months Market rate PLR – 3.15 % p.a n/a
Term (FCY)
Fixed Deposit
Indicative Rates
Tenor USD GBP EUR
% p.a % p.a % p.a
1 mth 0.30 0.03 n/a
3 mths 0.40 0.05 n/a
6 mths 0.95 0.15 n/a
12 mths 1.35 0.30 n/a
Tenor AUD ZAR
% p.a % p.a
1 mth 1.00 5.15
3 mths 1.45 5.35
6 mths 1.60 5.95
12 mths 2.00 6.45
Tenor USD GBP EUR
% p.a % p.a % p.a
1 mth 0.30 0.03 n/a
3 mths 0.40 0.05 n/a
6 mths 0.95 0.15 n/a
12 mths 1.35 0.30 n/a
Tenor AUD ZAR
% p.a % p.a
1 mth 1.00 5.15
3 mths 1.45 5.35
6 mths 1.60 5.95
12 mths 2.00 6.45
n/a
Credit Facilities (MUR)
Prime Lending Rate (PLR) 5.65 % p.a 5.65 % p.a n/a
Credit Cards n/a n/a n/a
Other Credit facilities + margin over PLR PLR + 0% to PLR + 6.50% p.a PLR + 0% to PLR + 6.50% p.a n/a
Credit Facilities (FCY)
Margin over LIBOR Libor + 0% to Libor + 8% p.a Libor + 0% to Libor + 8% p.a n/a
Deposits
Savings Account
Minimum account opening balance n/a n/a n/a
Minimum credit balance to earn interest n/a n/a n/a
Monthly service charges if credit balance fails below minimum balance Nil n/a n/a
Current Account
Minimum account opening balance Rs 25,000 Rs 3,500,000 n/a
Cost of cheque book 50 leaves – Rs 250

100 leaves – Rs 400
50 leaves – Rs 250

100 leaves – Rs 400

200 leaves – Rs 750
n/a
Monthly Service Charges Rs 100 + VAT Rs 150 + VAT n/a
Call Deposit Account (MUR)
Minimum balance n/a Rs3,500,000 n/a
Minimum credit balance to earn interest n/a Rs1,000,000 n/a
Monthly service charges Nil Nil n/a
Term deposits (MUR)
Minimum amount Rs100,000 Rs3,500,000 n/a
Deposit withdrawn before maturity A rate of 1.0% p.a. will be charged on the amount being redeemed over the period between the date of pre-termination and the date of maturity of the deposit (Assuming Normal Market Conditions) For deposits redeemed before maturity date, the higher of either a penal rate of 1.0% p.a. or the cost of replacement of the deposit will apply. n/a
Term deposits (FCY)
Minimum amount USD10,000 or equivalent USD100,000 or equivalent n/a
Deposits withdrawn before maturity A rate of 1.0% p.a. will be charged on the amount being redeemed over the period between the date of pre-termination and the date of maturity of the deposit (Assuming Normal Market Conditions) For deposits redeemed before maturity date, the higher of either a penal rate of 1.0% p.a. or the cost of replacement of the deposit will apply. n/a
Individuals Corporates Others
Foreign Currency Account
Minimum balance
Euro n/a Equivalent of USD100,000 n/a
Pounds Sterling n/a Equivalent of USD100,000 n/a
US Dollar n/a USD100,000 n/a
Minimum credit balance to earn interest n/a n/a n/a
Monthly service charges Rs 100 + VAT Monthly Account maintenance / Ledger fees – Rs 150 + VAT n/a
Banking of notes 1.00% 1.00% n/a
Charges on withdrawal of notes 0.50% 0.50% n/a
Credit Facilities
Credit cards
Annual Fee n/a n/a n/a
Replacement of lost/stolen cards n/a n/a n/a
Cash advance fee n/a n/a n/a
Overlimit fee n/a n/a n/a
Loans and advances
Processing fee None None n/a
Arrangement fees 1% min. Rs 1,000 1% min. Rs 1,000 n/a
Ledger Fee n/a n/a n/a
Commitment fee 1% p.a on non-utilized portion 1% p.a. on non-utilized portion n/a
Early redemption fee 1.5% of the amount paid in advance over the residual lifetime of the loan or applicable Breakage Cost (per Facility Agreement), whichever is the higher

Nil for facilities falling under Borrowers' Protection Act
1.5% of the amount paid in advance over the residual lifetime of the loan or applicable Breakage Cost (per Facility Agreement), whichever is the higher

Nil for facilities falling under Borrowers' Protection Act
n/a
Valuation Survey & Report fee Rs 1,000 + valuation fee Rs 1,000 + valuation fee n/a
Legal charges for creation of security documents
-Fixed/Floating Charges Rs 1,500 Rs 1,500 n/a
-Gages sans deplacement Rs 1,000 Rs 1,000 n/a
-Erasure of charges Rs 1,000 Rs 1,000 n/a
Guarantees
Performance bonds 1.5% p.a for first Rs 5M (min Rs 1,000) + 1% for additional amount over Rs 5M 1.5% p.a for first Rs 5M (min Rs 1,000 ) + 1% p.a for additional amount over Rs 5M n/a
Tender/bid bonds n/a 1.0% first 6 months (min Rs 1,000 )

0.25% for each additional period of three months or part of (min Rs 1,000 )
n/a
Advance payment bonds 2.0% p.a (min Rs 1,000) 2.0% p.a (min Rs 1,000) n/a
Retention money bonds / guarantees 2 .0% p.a (min Rs 1,000) 2.0% p.a (min Rs 1,000) n/a
Shipping guarantee Rs 2,000 Rs 2,000 n/a
General Services
Treasury Bills
Account opening fee Nil Nil Nil
Transaction fee Nil Nil Nil
Individuals Corporates Others
Debit Cards
Annual fee Rs 200 + VAT Rs 200 + VAT n/a
Replacement of lost/stolen cards Rs 250 + VAT Rs 250 + VAT n/a
Withdrawals
-Bank's ATM n/a n/a n/a
-Other Bank's ATM Rs 35 Rs 35 n/a
-Overseas Rs 100 USD 3 n/a
Others
Telegraphic transfer (inclusive of swift charges) if "Commission charges our" Rs 500

USD 25 , GBP 15 , ZAR 100 and EUR 20 or equivalent as per our correspondent bank charges + any applicable overseas bank charges
Rs 400 (via Business Online)
Rs 1,000 (Manual instructions)

USD 25 , GBP 15 , ZAR 100 and EUR 20 or equivalent as per our correspondent bank charges + any other applicable overseas bank charges
n/a
MACCS facility Rs 150 Rs 100 n/a
Audit confirmation certificate Rs 500 Rs 1,000 n/a
Testimonial/Banker's reference fee Rs 200 Rs 200 n/a
Letter of reference Rs 200 Rs 200 n/a
Payroll fee n/a n/a n/a
Internet banking fee Free n/a n/a
Electronic banking (Business Online)
–Reporting &Transacting n/a Rs 600 per month n/a
–Reporting only n/a n/a n/a
–Reporting of additional legal entity n/a Rs 100 per month n/a
–Additional training /re–installation (on site) n/a Free of charge n/a
Duplicate statement of account Rs 25 per sheet Rs 25 per sheet less than 3 months and Rs 100 per sheet for duplicates over than 3 months n/a
Standing Instructions
–Internal transfer Nil Nil n/a
–Transfer to other banks Rs 30 Rs 30 n/a
Unpaid Standing Order due to insufficient fund Rs 200 Rs 200 n/a
Direct Debit n/a n/a n/a
Unpaid Direct Debits n/a n/a n/a
Purchase of foreign cheques / bank drafts n/a n/a n/a
Sale of draft n/a n/a n/a
Stop payments for bank drafts n/a n/a n/a
Cancellation fee for bank draft n/a n/a n/a
Office cheque issuance Rs 150 Rs 150 n/a
Special Cheque Clearance

(on request for min of Rs 200,000)
Nil Nil n/a
Cheque book facility Refer to cost of cheque book Refer to cost of cheque book n/a
Cheque returned
–Inward Rs 250 Rs 200 n/a
–Outward Rs 25 per cheque Rs 25 per cheque n/a
Stop payment orders Rs 100 per request Rs 100 per request n/a
Safe deposit lockers n/a n/a n/a
Night safe n/a n/a n/a