The future of your child is already on the way. Ease it up!

Our Plan Épargne Jeune (PEJ) is a savings product that will accompany your child from month one of life and grows accordingly until he or she becomes 21 years of age. The plan includes an initial savings period of a minimum of 6 years with the view to obtaining a student loan at a preferential rate for education financing purposes or for higher studies.

When you subscribe to a PEJ for a child before he/she turns two, you receive a MUR 500 gift voucher.


  • Attractive remuneration of 2.25 %* per annum.
  • Rs 500 gift voucher directly credited to account opened for a child aged less than 2 years.
  • Secured savings: the remuneration rate of a PEJ is guaranteed for the whole duration of the subscription term.
  • Regular affordable savings, not bearing down heavily on your budget.
  • Flexible deposits allow regular minimum savings, with the possibility of increased deposits as and when you can.
  • All you need to start is a minimum opening deposit of Rs 3,000, then a minimum average monthly deposit of Rs 300.
  • You can also deposit exceptional amounts, without exceeding the threshold set of
    Rs 1,340,000 (including capitalization of interests).

* Rates standing as from May 1, 2020  i.e. Base Savings Rate + 2% (conditions apply).

A loan at preferential terms

  • Student Loan lending rate is guaranteed right from the date of subscription.
  • No documentary fees to pay for implementation of loan
  • Possible loan amount is linked to the interests you have cumulated over your savings period. A calculation factor of 1.5 is applied to the global balance of your Next Generation Savings Plan (Capital + Interests) to calculate your housing loan amount.
  • Purpose of loan is to finance studies expenses either in Mauritius or overseas (schooling fees, housing costs and other subsistence expenses too).




Any physical person aged less than 15 years at the moment of opening the account and not already holding a Junior Savings Plan in his/her name.

Minimum opening amount

MUR 3,000 up to MUR 150,000

Initial and subsequent deposits

A compulsory minimum of MUR 3,600 / year.

Subsequent deposits must be executed on a regular periodic term (monthly, quarterly or half-yearly.

Free deposits

Allowed, provided deposit amounts are maintained within the authorised threshold.


MUR 1,340,000 

This threshold includes capitalization of interests.

Interest Payment



Any time, subject however to an incidence on remuneration in case of withdrawal before term undertaken.


6 to 21 years

Here you go!

  • Application checklist**

    Ready to apply? Here’s what you need to get started:

    • Valid identity document (national identity card, passport, child's birth certificate, etc.) ;
    • Proof of residential address showing name of applicant(s), dated less than 3 months;
    • Proof of income (latest salary slip, employment certificate from current employer, latest income tax return).

    **This list is not exhaustive.



Fixed Term Deposit

Home Ownership Savings Plan

Savings Account