A - INTEREST RATES
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1. Deposits
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Savings
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2.5%
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n/a
|
n/a
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Call (margins)
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Upon request
|
Upon request
|
Upon request
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Term (MUR)
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Between 2.95% & 4.30%
|
Upon request
|
Upon request
|
Term (FCY) margins
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Upon request
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Upon request
|
Upon request
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2. Credit facilities (MUR)
|
Prime Lending Rate
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6.90%
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6.90%
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6.90%
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Credit cards
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n/a
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n/a
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n/a
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Other credit facilities - margin over PLR
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Upon request
|
Upon request
|
Upon request
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3. Credit facilities (FCY)
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Margin over SOFR(USD); Margin over SONIA( GBP)/ EURIBOR
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Upon request
(subject to Credit Assessment )
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Upon request
(subject to Credit Assessment )
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Upon request
(subject to Credit Assessment )
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B - DEPOSITS
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4. Savings Account (MUR)
|
Minimum account opening balance
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1 000
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50 000
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10 000
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Minimum credit balance to earn interest
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7 000
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n/a
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n/a
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Monthly service charges if credit balance falls below minimum balance
|
n/a
|
n/a
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n/a
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5. Current Account (MUR)
|
Minimum account opening balance
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5 000
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50 000
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5000
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Cost of cheque book
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8 per sheet
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8 per sheet
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8 per sheet
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Monthly service charges
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100 + VAT
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MUR 0.50 + VAT per transaction -
Min MUR 130 + VAT
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MUR 0.75 + VAT per transaction -
Min MUR 125 + VAT
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6. Call Deposit Account
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Minimum balance
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Upon request
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Upon request
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Upon request
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Minimum credit balance to earn interest
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Upon request
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Upon request
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Upon request
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Monthly service charges
|
n/a
|
n/a
|
n/a
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7. Term deposits (MUR)
|
Minimum balance
|
50 000
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50 000
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50 000
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Deposit withdrawn before maturity
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Rate applicable at the time the deposit was made and for the period elapsed,less a penalty of 1%
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Rate applicable at the time the deposit was made and for the period elapsed,less a penalty of 1%
|
Rate applicable at the time the deposit was made and for the period elapsed,less a penalty of 1%
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8. Term deposits (FCY)
|
Minimum balance
|
5 000
|
10 000
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5 000
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Deposit withdrawn before maturity
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Libor interest rate + 0.375% p.a
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Libor interest rate + 0.375% p.a
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Libor interest rate + 0.375% p.a
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9. Foreign Currency Account
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Minimum balance
|
Euro
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1 000
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2 000
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1 000
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Pound Sterling
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1 000
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2 000
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1 000
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US Dollar
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1 000
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2 000
|
1 000
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Monthly service charges
|
USD: 4 + VAT
|
USD: 4 + VAT
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USD: 4 + VAT
|
|
EUR: 3 + VAT
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EUR: 3 + VAT
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EUR: 3 + VAT
|
|
GBP: 2 + VAT
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GBP: 2 + VAT
|
GBP: 2 + VAT
|
|
FCY: MUR 150 in
monetary equivalent + VAT
|
FCY: MUR 150 in
monetary equivalent + VAT
|
FCY: MUR 150 in
monetary equivalent + VAT
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C - CREDIT FACILITIES
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10. Credit Cards
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Annual fee
|
n/a
|
n/a
|
n/a
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Replacement of lost / stolen cards
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n/a
|
n/a
|
n/a
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Cash advance fee
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n/a
|
n/a
|
n/a
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Overlimit fee
|
n/a
|
n/a
|
n/a
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11. Loans and advances (MUR)
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Processing fee
|
Housing loans in MUR: 1% (Min 3 K, Max: 100 K)
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Investment Loan: 1% (Min 10 K)
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Investment Loan: 1% (Min 2.5 K, Max 50 K)
|
|
Housing loans in FCY: 1% (Min MUR 2500)
|
|
Overdraft:
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Overdraft:
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Loan overdraft:
|
|
Temporary overdraft (< 1 year): 0.5% (min 500)
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Initial set-up: 1% (Min 10 k)
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Temporary overdraft (< 1 year): 0.5% (Min 500)
|
|
Permanent overdraft (> 1 year): 1.0% (Min.MUR 1 K, Max. MUR 50 K)
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Permanent overdraft (> 1 year): 1.0% (Min 1 K, Max: 50 K)
|
|
Renewal : 0.5% (Min 500)
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Renewal : 0.5% (Min 5K)
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Renewal: 0,5% (Min 500)
|
|
Request limit increase: 1% (Min 1 K)
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Request limit increase: as per arrangements
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Request limit increase: 1% (Min 1 K)
|
|
Savings advance (Avance sur épargne): 0.5% (Min 1 K, max 25 K)
|
|
Unsecured Personal Loans: 1% (Min 2 K)
|
Arrangement fee
|
Upon request
|
n/a
|
Upon request
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Ledger fee
|
Mur 75 + VAT
|
n/a
|
Mur 75 + VAT
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Commitment fee
|
n/a
|
1% accrued daily on amount not disbursed
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1% accrued daily on amount not disbursed
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Early redemption / prepayment fee
|
Free for Credit Facilities taken under BPA:
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As per arrangement
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As per arrangement
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|
Free for Credit facilities granted on or after 1st January 2014
|
|
Others: As per arrangement
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Valuation Survey & Report fee
|
Upon request
|
Upon request
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Upon request
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Legal charges for creation of security documents
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Upon request
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Upon request
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Upon request
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Fixed / Floating Charges
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Fees specified below are determined, as per the GN 235/2011 law w.e.f. 1st January 2012, according to the loan amount as follows:
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Fees specified below are determined, as per the GN 235/2011 law w.e.f. 1st January 2012, according to the loan amount as follows:
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Fees specified below are determined, as per the GN 235/2011 law w.e.f. 1st January 2012, according to the loan amount as follows:
|
|
< 1M: 1.4 K
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< 1M: 1.4 K
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< 1M: 1.4 K
|
|
1M to 5M: 31.4 K
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1M to 5M: 31.4 K
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1M to 5M: 31.4 K
|
|
> 5M: 51.4 K (1 K for additional copies)
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> 5M: 51.4 K (1 K for additional copies)
|
> 5M: 51.4 K (1 K for additional copies)
|
Fixed / Floating Charges
|
1 100 + Registration fee
|
1 100 + Registration fee
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1 100 + Registration fee
|
Fixed / Floating Charges
|
1 100 + Registration fee
|
1 100 + Registration fee
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1 100 + Registration fee
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12. Guarantees
|
Performance bonds
|
n/a
|
1.5% p.a (min. MUR 1 500)
|
1,5% p.a (min. MUR 1 500)
|
Tender : bid bonds
|
n/a
|
6 months or less: 1% (Min. MUR 1 000)
by additional quarter: 0.25% (Min. MUR 1 000)
|
6 months or less: 1% (Min. MUR 1 000)
by additional quarter: 0.25% (Min. MUR 1 000)
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Advance payments bonds
|
n/a
|
2% p.a (min. MUR 1 000)
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2% p.a (min. MUR 1000)
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Retention money bonds / guarantees
|
n/a
|
2% p.a (min. MUR 1 000)
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2% p.a (min. MUR 1000)
|
Shipping guarantee
|
n/a
|
MUR 800 (for 2 months)
MUR 400 ( every additional month)
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MUR 800 (for 2 months)
MUR 400 ( every additional month)
|
D - GENERAL SERVICES
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13. Treasury Bills
|
Account opening fee
|
Upon request
|
n/a
|
Upon request
|
Transaction fee
|
Upon request
|
Upon request
|
Upon request
|
14. Debit Cards (MUR)
|
Annual fee
|
Between 0 & 1 200 + VAT
|
Between 0 & 1 200 + VAT
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Between 300 & 1 200 + VAT
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Replacement of lost / stolen cards
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Between 250 & 450 + VAT
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Between 250 & 450 + VAT
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Between 250 & 450 + VAT
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Withdrawals
|
|
Other bank's ATM
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Free of charge
|
Free of charge
|
Free of charge
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Overseas
|
150
|
150
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150
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15. Others (MUR)
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Telegraphic transfer
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Over the counter: 400 + overseas bank charges + CILE if applicable
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Over the counter: 425 + overseas bank charges + CILE if applicable
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Over the counter: 425 + overseas bank charges + CILE if applicable
|
|
Internet: 375 + overseas bank charges + CILE if applicable
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Internet: 375 + overseas bank charges + CILE if applicable
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Internet: 375 + overseas bank charges + CILE if applicable
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MACSS facility
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Over the counter: 125
Internet: n/a
|
Over the counter: 125
Internet: n/a/MUR 75 via BCP Connect
|
Over the counter: 125
Internet: n/a/MUR 75 via BCP Connect
|
Audit confirmation certificate
|
n/a
|
Between 450 & 1 100
|
Between 450 & 1 100
|
Testimonial / Banker's reference fee
|
500
|
500
|
500
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Letter of reference
|
500
|
500
|
500
|
Payroll fee
|
n/a
|
Over the counter: 10 per operation
Internet: n/a/MUR 5 per operation via BCP Connect
|
Over the counter: 10 per operation
Internet: n/a/MUR 5 per operation via BCP Connect
|
Internet banking fee
|
Free of charge
|
Free of charge
|
150
|
Duplicate statement of account
|
Flat fee of 250
|
Flat fee of 250
|
Flat fee of 250
|
Standing instructions
|
Internal transfer
|
Free of charge
|
Free of charge
|
Free of charge
|
Transfer to other banks
|
Over the counter: 20
Internet: n/a
|
Over the counter: 20
Internet: n/a/ MUR 20 via BCP Connect
|
Over the counter: 20
Internet: n/a/ MUR 20 via BCP Connect
|
Direct debit
|
12
|
12
|
12
|
Purchase of foreign cheques/bank drafts
|
200 + CILE
|
200 + CILE
|
200 + CILE
|
Office cheque issuance
|
160 / cheque
|
160 / cheque
|
160 / cheque
|
Cheque returned
|
Inward
|
55
|
55
|
55
|
Outward
|
400 + VAT
|
400 + VAT
|
400 + VAT
|
Stop payment orders
|
In MUR: MUR 150
In FCY : MUR 450 + overseas charges
|
In MUR: MUR 150
In FCY : MUR 450 + overseas charges
|
In MUR: MUR 150
In FCY: MUR 450 + overseas charges
|
Safe deposit lockers
|
n/a
|
n/a
|
n/a
|
Last update - 11 October 2024. *For further information or details on any of the above or full range of fees, please contact the bank or visit its website.
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