Afrasia Bank Limited

1. Deposits

• Savings

2.9% p.a

n/a

n/a

• Call

n/a

n/a

n/a

• Term (MUR)

3.65% - 4.20%

n/a

n/a

• Term (FCY) USD

3.55% - 4.50%

up to 0.85%

n/a

• Term (FCY) EUR

0.90% - 2%

n/a

n/a

2. Credit facilities (MUR)

• Prime Lending Rate

6.55% p.a

6.55% p.a

n/a

• Credit cards – World

15% p.a.

n/a

n/a

• Credit cards - Titanium

20% p.a.

n/a

n/a

• Credit cards - Gold

24% p.a.

n/a

n/a

• Other credit facilities- margin over PLR-General
  range, subject to negotiation

- 0.5% to 6%

- 0.5% to 6%

n/a

3. Credit facilities (FCY)

• Margin over RFR* - General range, subject to negotiation
  * RFR - Risk Free Rates (USD - SOFR/Term SOFR, EUR - ESTR, GBP - SONIA)
  

0.65% - 6.50%

0.65% - 6.50%

n/a

4. Savings Account

• Minimum account opening balance

MUR 10,000 /-

n/a

n/a

• Minimum credit balance to earn interest

MUR 10,000 /-

n/a

n/a

• Monthly service charges if credit balance falls
  below minimum balance

Free

n/a

n/a

5. Current Account

• Minimum account opening balance

MUR 10,000 /-

MUR 10,000 /-

n/a

• Monthly service charge/ folio charge

MUR 1.15/- (VAT inclusive) per transaction,
min MUR 115/- (VAT inclusive)

MUR 1.15/- (VAT inclusive) per transaction,
min MUR 115/- (VAT inclusive)

n/a

• Cost of cheque book
  *Not applicable for SICA Accounts

MUR 6/- per leaf, first 25 leaves free

MUR 6/- per leaf

n/a

• Commission on Unpaid Cheques

MUR 250/- (Inward)
No Charges (Outward)

MUR 250/- (Inward)
No Charges (Outward)

n/a

6. Call Deposit Account

• Minimum balance

n/a

n/a

n/a

• Minimum credit balance to earn interest

n/a

n/a

n/a

• Monthly service charges

n/a

n/a

n/a

7. Term deposits (MUR)

• Minimum amount

MUR 500,000 /-

MUR 1,000,000 /-

n/a

• Deposit withdrawn before maturity

(a) No interest shall be paid if the
deposit is terminated by the client within
three months of the booking date.

(b) If termination is initiated by the client
after three months following the booking date,
the bank reserves the right to review the
contractual interest rate, so as to reflect
the prevailing market conditions at the
time of termination and the actual period
during which the deposit has stayed with the bank. The interest amount accrued shall be re-calculated accordingly.
If some interest has already been paid at the
time of termination, the bank reserves the right
to apply a penalty not exceeding 1% p.a for
the period between the termination date and the contractual maturity date.

(c) If termination is initiated by the bank,
in the exercise of its right of set off in cases
of credit impairment, the bank reserves the right
to review the contractual interest rate, so as to
reflect the prevailing market conditions at the time
of termination and the actual period during which
the deposit has stayed with the bank.
The interest amount accrued shall be recalculated accordingly.

(d) A deposit which has been pledged as security
to the bank cannot be pre-terminated unless
and until the lien has been removed by the bank.

(a) No interest shall be paid if the
deposit is terminated by the client within
three months of the booking date.

(b) If termination is initiated by the client
after three months following the booking date,
the bank reserves the right to review the
contractual interest rate, so as to reflect
the prevailing market conditions at the
time of termination and the actual period
during which the deposit has stayed with the bank. The interest amount accrued shall be re-calculated accordingly.
If some interest has already been paid at the
time of termination, the bank reserves the right
to apply a penalty not exceeding 1% p.a for
the period between the termination date and the contractual maturity date.

(c) If termination is initiated by the bank,
in the exercise of its right of set off in cases
of credit impairment, the bank reserves the right
to review the contractual interest rate, so as to
reflect the prevailing market conditions at the time
of termination and the actual period during which
the deposit has stayed with the bank.
The interest amount accrued shall be recalculated accordingly.

(d) A deposit which has been pledged as security
to the bank cannot be pre-terminated unless
and until the lien has been removed by the bank.

n/a

8. Term deposits (FCY)

• Minimum amount

USD 20,000/- equivalent

USD 30,000/- equivalent

n/a

• Deposit withdrawn before maturity

(a) No interest shall be paid if the deposit is
terminated by the client within three months
of the booking date.

(b) If termination is initiated by the client after
three months following the booking date, the bank
reserves the right to review the contractual interest rate,
so as to reflect the prevailing market conditions
at the time of termination and the actual period
during which the deposit has stayed with the bank.
The interest amount accrued shall be re-calculated
accordingly. If some interest has already been
paid at the time of termination, the bank reserves
the right to apply a penalty not exceeding 1% p.a
for the period between the termination date and
the contractual maturity date.

(c) If termination is initiated by the bank,
in the exercise of its right of set off in cases
of credit impairment, the bank reserves the
right to review the contractual interest rate,
so as to reflect the prevailing market conditions
at the time of termination and the actual period
during which the deposit has stayed with the bank.
The interest amount accrued shall be recalculated accordingly.

(d) A deposit which has been pledged as security
to the bank cannot be pre-terminated unless and
until the lien has been removed by the bank.

(a) No interest shall be paid if the deposit is
terminated by the client within three months
of the booking date.

(b) If termination is initiated by the client after
three months following the booking date, the bank
reserves the right to review the contractual interest rate,
so as to reflect the prevailing market conditions
at the time of termination and the actual period
during which the deposit has stayed with the bank.
The interest amount accrued shall be re-calculated
accordingly. If some interest has already been
paid at the time of termination, the bank reserves
the right to apply a penalty not exceeding 1% p.a
for the period between the termination date and
the contractual maturity date.

(c) If termination is initiated by the bank,
in the exercise of its right of set off in cases
of credit impairment, the bank reserves the
right to review the contractual interest rate,
so as to reflect the prevailing market conditions
at the time of termination and the actual period
during which the deposit has stayed with the bank.
The interest amount accrued shall be recalculated accordingly.

(d) A deposit which has been pledged as security
to the bank cannot be pre-terminated unless and
until the lien has been removed by the bank.

n/a

9. Foreign Currency Account

• Minimum Account Opening Amount - Euro

n/a

n/a

n/a

• Minimum Account Opening Amount - Pound Sterling

n/a

n/a

n/a

Minimum Account Opening Amount - US Dollar

n/a

n/a

n/a

• Monthly service charges

Free

Free

n/a

• General Charges

0.5% commission in lieu of exchange for
deposit & withdrawal of foreign currency
notes in same currency as account (min FCY
10/-)

0.5% commission in lieu of exchange for
deposit & withdrawal of foreign currency
notes in same currency as account (min FCY
10/-)

n/a

10. Credit Cards - World

• Monthly primary card fees

MUR 402.50/- (VAT Inclusive)

MUR 402.50/- (VAT Inclusive)

n/a

• Monthly secondary card fees

MUR 402.50/- (VAT incl.)

MUR 402.50/- (VAT incl.)

n/a

• Card Replacement fee

MUR 661.25/- (VAT incl.)

MUR 661.25/- (VAT incl.)

n/a

• Cash advance fee

In Mauritius: 2.5% of amount with minimum of MUR 100/-

Outside Mauritius: 2.5% of amount with minimum of MUR 250/-

In Mauritius: 2.5% of amount with minimum of MUR 100/-

Outside Mauritius: 2.5% of amount with minimum of MUR 250/-

n/a

Interest Charges (Outstanding bal. & Cash Advance) -
MUR

15% p.a

15% p.a

n/a

• Interest-Free period

Up to 48 days for 100% repayment

Up to 48 days for 100% repayment

n/a

• Minimum monthly repayment

5%

5%

n/a

Increase limit fee

Nil

Nil

n/a

• Late payment fee

MUR 200/-

MUR 200/-

n/a

Conversion charge on payments in foreign currency
*Conversion fee applies where transaction currency
is not equal to the billing currency

3% 

3% 

n/a

• Overlimit fee

MUR 200/-

MUR 200/-

n/a

• Quasi Cash commission

2% (Min MUR 100/-)

2% (Min MUR 100/-)

n/a

• ATM / POS Cash Advance Commission

In Mauritius MUR 100/-
Outside Mauritius MUR 250/-

In Mauritius MUR 100/-
Outside Mauritius MUR 250/-

n/a

Courier Charges

In Mauritius MUR 750/-

Outside Mauritius MUR 2,000 for cards in Mauritian Rupee, EUR 50 for cards in Euro and USD 50 for cards in U.S. Dollar

In Mauritius MUR 750/-

Outside Mauritius MUR 2,000 for cards in Mauritian Rupee, EUR 50 for cards in Euro and USD 50 for cards in U.S. Dollar

Credit Cards - Titanium

• Monthly fees - Primary Cardholder

MUR 195.50/- VAT incl.

MUR 195.50/- VAT incl.

n/a

• Monthly fees - Supplementary Cards

MUR 195.50/- VAT incl.

MUR 195.50/- VAT incl.

n/a

• Card Replacement Fee

MUR 661.25/- (VAT incl.)

MUR 661.25/- (VAT incl.)

n/a

• Interest Rate on Outstanding Balance

1.67% p.m (20% p.a)

1.67% p.m (20% p.a)

n/a

• Interest Free Period

Up to 48 days for 100% repayment

Up to 48 days for 100% repayment

n/a

• Cash advance fee

In Mauritius: 2.5% of amount with minimum of MUR 100/-

Outside Mauritius: 2.5% of amount with minimum of MUR 250/-

In Mauritius: 2.5% of amount with minimum of MUR 100/-

Outside Mauritius: 2.5% of amount with minimum of MUR 250/-

n/a

Cash advance Interest

1.67% p.m (20% p.a)

1.67% p.m (20% p.a)

n/a

Minimum Monthly Repayment

5%

5%

n/a

Late Payment Charges

MUR 200/-

MUR 200/-

n/a

• Conversion charge on payments in foreign currency
  *Conversion fee applies where transaction currency is
  not equal to the billing currency

3%

3%

n/a

• Increase Limit Fee

Nil

Nil

n/a

• Overlimit fee

MUR 200/-

MUR 200/-

n/a

• Courier Charges

In Mauritius MUR 750/-

Outside Mauritius MUR 2,000 for cards in Mauritian Rupee, EUR 50 for cards in Euro and USD 50 for cards in U.S. Dollar

In Mauritius MUR 750/-

Outside Mauritius MUR 2,000 for cards in Mauritian Rupee, EUR 50 for cards in Euro and USD 50 for cards in U.S. Dollar

n/a

• Emergency replacement card (if sent abroad)

MUR 2,000/-

MUR 2,000/-

n/a

Credit Cards - Gold

• Monthly fees - Primary Cardholder

MUR 805.00/- VAT incl. (payable upfront)

MUR 805.00/- VAT incl. (payable upfront)

n/a

• Monthly fees - Supplementary Cards

MUR 460.00/- VAT incl.

MUR 460.00/- VAT incl.

n/a

• Card Replacement Fee

MUR 661.25/- VAT incl.

MUR 661.25/- VAT incl.

n/a

• Interest Rate on Outstanding Balance

2% p.m (24% p.a)

2% p.m (24% p.a)

n/a

• Interest Free Period

Up to 48 days for 100% repayment

Up to 48 days for 100% repayment

n/a

• Cash advance fee

In Mauritius: 2.5% of amount with minimum of MUR 100/-

Outside Mauritius: 2.5% of amount with minimum of MUR 250/-

In Mauritius: 2.5% of amount with minimum of MUR 100/-

Outside Mauritius: 2.5% of amount with minimum of MUR 250/-

n/a

• Cash advance Interest

2% p.m (24% p.a)

2% p.m (24% p.a)

n/a

• Minimum Monthly Repayment

5%

5%

n/a

• Late Payment Charges

MUR 200/-

MUR 200/-

n/a

• Conversion charge on payments in foreign currency
  *Conversion fee applies where transaction currency
  is not equal to the billing currency

3%

3% 

n/a

• Increase Limit Fee

Nil

Nil

n/a

• Overlimit fee

MUR 200/-

MUR 200/-

n/a

• Courier Charges

In Mauritius MUR 750/-
Outside Mauritius MUR 1,500/-

In Mauritius MUR 750/-
Outside Mauritius MUR 1,500/-

n/a

• Emergency replacement card (if sent abroad)

MUR 2,000/

MUR 2,000/

n/a

11. Loans and advances

• Processing fee

1% of the facility (min MUR 5,000/-)

(a) for facilities up to MUR 5M: 1% of amount
with a min. of MUR 25K
(b) for facilities above MUR 5M: as per
arrangement

n/a

• Arrangement fee

n/a

As per sanction letter - Max 0.5% - 1.5%

n/a

• Early redemption/prepayment fee

In respect of an individual, the Bank shall not charge any penalty or interest on penalty on the early repayment of any outstanding amount of loan granted in Mauritian Rupees on or after 01 January 2014.

(a) Up to facility of MUR 5M (1% p.a) or as
per sanction terms
(b) For facilities above MUR 5M: 1% of
amount or as per facility agreement

n/a

• Commitment fee for undrawn balance for loans

1% p.a payable quarterly on any undrawn
balance three months after official sanction
letter

1% p.a payable quarterly on any undrawn
balance three months after official sanction
letter

n/a

• Legal charges for creation of security documents paid to
  notary

0.375% of facility amount (max amount MUR
57,500/-) (VAT inclusive)

0.375% of facility amount (max amount MUR
57,500/-) (VAT inclusive)

n/a

• Registration Fixed/ Floating Charges

As per Registration duty chargeable by the
Conservator of Mortgage

As per Registration duty chargeable by the
Conservator of Mortgage

n/a

• Registration Gages sans Deplacement

MUR 1,000/- to MUR 50,000/-

MUR 1,000/- to MUR 50,000/-

n/a

• Erasure of charges

MUR 200 /- + any registration duty
chargeable by the Conservator of Mortgage

MUR 200/- + any registration duty chargeable
by the Conservator of Mortgage

n/a

• Search Fees

MUR 150/-

MUR 150/- to MUR 650/-

n/a

• Valuation fees

As per valuer's fees

As per valuer's fees

n/a

• Pari passu documents

Preparation fee MUR 5,000/- + registration
charges

Preparation fee MUR 5,000/- + registration
charges

n/a

• Cession de Priorite

Preparation fee MUR 5,000/- + registration
charges

Preparation fee MUR 5,000/- + registration
charges

n/a

• Restructuring / Rescheduling

1% of facility amount (min MUR 5,000/-)

1% of facility amount (min MUR 25,000/-)

n/a

• Credit documentation duplicates
  * Including facility offer letter and security instruments

MUR 50/- flat fee +MUR 10/- for each and
every sheet

MUR 50/- flat fee +MUR 10/- for each and
every sheet

n/a

• Duplicate Loan statements and amortisation tables

MUR 50/- flat fee +MUR 10/- for each and
every sheet

MUR 50/- flat fee +MUR 10/- for each and
every sheet

n/a

• Fees for Nantissement

As per notary act

As per notary act

n/a

12. Guarantees

• Performance bonds

1.25% p.a. (Min MUR 5,000/-)

(a) 2% p.a for first MUR 10M (Min MUR 5,000/-) 
(b) for amount above MUR 10M: as per
arrangement

n/a

• Tender/bid bonds

1% flat for first 6 months
(Min MUR 5,000/-)

(a)1% flat for 1st 6 months or part thereof, 0.25% for additional quarter (min. MUR 5,000 /-)
(b) for amount above MUR 10M: as per
arrangement

n/a

• Advance payment guarantee

1% p.a. (Min MUR 5,000/-)

(a)2% p.a. for amount up to MUR 10M, with a
min. of MUR 5,000/-
(b) for amount above MUR 10M: as per
arrangement

n/a

• Avalised Bill of Exchange / Retention money bond

1.75% p.a (min MUR 5,000/-)

1.75% p.a (min MUR 5,000/-)

n/a

• Money Guarantees

2% p.a (min MUR 500/-)

2% p.a (min MUR 600/-)

n/a

• Shipping guarantee

1.5% p.a. (Min MUR 5,000/-)

1.5% p.a. (Min MUR 5,000/-)

n/a

• Customs and others

n/a

1.5% p.a (Min MUR 600/-)

n/a

• Financial Standing

n/a

MUR 5,000 /- flat fee

n/a

GFA

• Issuance Fees

n/a

As per facility agreement

n/a

• Commissions

n/a

As per facility agreement

n/a

• Review Fees

n/a

As per facility agreement

n/a

• Other guarantees

1% p.a (min MUR 500/-)

1% p.a (min MUR 500/-)

n/a

• Amendment of Guarantees

MUR 500/-

MUR 1,000/-

n/a

Processing fee to set up a guarantee line

1% of Guarantee Line amount, minimum
MUR 1,000/-

1% of Guarantee Line amount, minimum
MUR 1,000/-

n/a

Processing Fee for renewal of guarantee line

0.5% p.a min MUR 1,000

n/a

n/a

13. Overdrafts

•  Processing fee

1% of facility amount (min MUR 5,000/-)

a) For facilities up to MUR 5m - 1% of amount with a min of MUR 25,000/-
b) For facilities above MUR 5m - as per facility agreement

n/a

• Renewal fee

1% of facility amount (min MUR 1,000/-)

a) For facilities up to MUR 5m - 1% of amount
with a min of MUR 5,000/-
b) For facilities above MUR 5m - 1% of
amount or as per facility agreement

n/a

• Penalty fee for exceeding authorised limit

2% above applicable rate

a) 5% above applicable rate
b) 2% above applicable rate
(if FCY)

n/a

• Temporary increase in OD limit

1% of facility amount
(min MUR 5,000/-)

1% of facility amount
(min MUR 25,000/-)

n/a

• Increases / Rescheduling

1% of facility amount
(min MUR 5,000/-)

1% of facility amount
(min MUR 25,000/-)

n/a

• Casual Overdrafts

PLR +5% +2%

PLR +2% +5%

n/a

• Casual Overdrafts for FCY
  *RFR - Risk Free Rates (USD - SOFR/Term SOFR, EUR - ESTR, GBP - SONIA)

Applicable RFR*+3.2% +2%

Applicable RFR*+3.2% +2%

n/a

14. Standing Order

• Standing Order - Internal Transfer

Free

Free

n/a

• Standing Order - Transfer to Other Banks

In Client's own name (Free)
Third Party (MUR 25/-)

In Client's own name (MUR 25/-)
Third Party (MUR 25/-)

n/a

• Unpaid Standing order due to lack of funds

MUR 100/-

MUR 100/-

n/a

15. Treasury Bills

• Account opening fee

n/a

n/a

n/a

• Transaction fee

Nil

Nil

n/a

16. Debit Cards

• Annual fee

Free

MUR 3,450/- (VAT inclusive)

n/a

• Replacement of lost/stolen cards

MUR 661.25/- (VAT inclusive)

MUR 661.25/- (VAT inclusive)

n/a

• Withdrawals

n/a

n/a

n/a

Bank's ATM

n/a

n/a

n/a

• Other banks ATM

MUR 100/- (First five monthly cash withdrawals free of charge)

MUR 100/-

n/a

• Overseas

MUR 250/-

MUR 250/-

n/a

17. Internet Banking

• Internet Banking Fee - Access to View

Free

Free

n/a

• Internet Banking Fee - Access to Transact 

Subject to charges listed in Tariff Guide

Subject to charges listed in Tariff Guide

n/a

18. Remittances

Inward transactions

• Electronic Transfers

Free of charge (Full credit of amount
received)

Free of charge (Full credit of amount
received)

n/a

• Cheque /Draft Collection

MUR 200/- plus Express courier fee of MUR
500/- plus all bank charges levied by all
intermediary banks

MUR 200/- plus Express courier fee of MUR
500/- plus all bank charges levied by all
intermediary banks

n/a

Outward remittance by TT

Electronic Transfers

• Manual

MUR 400/-

MUR 400/- 

n/a

• Internet Banking

MUR 200 (local bank charges) + overseas
bank charges

MUR 200 (local bank charges) + overseas
bank charges

n/a

• Swift transfers with mention charges for ordering
  customer ('OUR')

USD 30 Flat / EUR 30 flat / GBP 20 flat / ZAR
200 flat / CHF 25 flat in transaction currency
with no comeback charges excluding JPY
denominated transfer

USD 30 Flat / EUR 30 flat / GBP 20 flat / ZAR
200 flat / CHF 25 flat in transaction currency
with no comeback charges excluding JPY
denominated transfer

n/a

• Commission in lieu of exchange

0.25% - min USD 20/-, max USD 100/-

0.25% - min USD 20/-, max USD 100/-

n/a

• Swift transfers received after cut-off time - Late
  payment fee

MUR 1000/-

MUR 1000/-

n/a

• Investigation / Query / Amendment request on
  Transfer

MUR 300/- plus any other bank charges

MUR 300/- plus any other bank charges

n/a

• Transfers within Bank

Free of Charge

Free of Charge

n/a

• Bank Drafts Issuance

MUR 200/- flat

MUR 200/- flat

n/a

• Cancellation of Bank Draft

MUR 200/- flat

MUR 200/- flat

n/a

Smart Form

0.2% (min USD 35/-, max USD 85/-) 

n/a

n/a

19. Import Transactions

Bills under collection

• Handling and payment commission

0.5% (min MUR 750/-) plus handling fees
MUR 200/-

0.5% (min MUR 750/-) plus handling fees
MUR 200/-

n/a

• Chaser each fortnight on past due bills

MUR 500/- for each fortnightly chaser

MUR 500/- for each fortnightly chaser

n/a

• Swift charges

MUR 175/- flat

MUR 175/- flat

n/a

• Courier charges

Minimum of MUR 750/- subject to weight of
parcel or any change in tariff of the express
courier service provider

Minimum of MUR 750/- subject to weight of
parcel or any change in tariff of the express
courier service provider

n/a

• Other amendments

MUR 500/- flat

MUR 500/- flat

n/a

Letter of credit

• Issuance (Opening of LC)

0.5% for first 6 months (min MUR 1,000/-),
0.25% for each additional quarter

0.5% for first 6 months (min MUR 1,000/-),
0.25% for each additional quarter

n/a

• Standy LC

1.5% per annum (min MUR 1,000/-)

1.5% per annum (min MUR 1,000/-)

n/a

• Increase in Amount / Extension of Validity

As per LC issuance charges

As per LC issuance charges

n/a

• Swift on transmission - Issuance

MUR 500/- flat fee

MUR 500/- flat fee

n/a

• Other amendments

MUR 500/- flat fee

MUR 500/- flat fee

n/a

• Acceptance commission

0.125% of amount per month or part thereof
(minimum MUR 500/-)

0.125% of amount per month or part thereof
(minimum MUR 500/-)

n/a

• Payment commission

0.25% (min MUR 500/-)

0.25% (min MUR 500/-)

n/a

• Cancellation and unutilised fee

MUR 500/- plus any correspondent bank
charges

MUR 500/- plus any correspondent bank
charges

n/a

• Discrepant documents

USD 75/-

USD 75/-

n/a

• Other swift charges

MUR 175/- flat fee

MUR 175/- flat fee

n/a

20. Export Transactions

Bills under collection

• Handling and payment commission

0.20% (min MUR 500/-)

0.20% (min MUR 500/-)

n/a

• Swift charges

MUR 175/- flat fee

MUR 175/- flat fee

n/a

• Courier charges

Minimum of MUR 750/- subject to weight of
parcel or any change in tariff of the express
courier service provider

Minimum of MUR 750/- subject to weight of
parcel or any change in tariff of the express
courier service provider

n/a

• Other amendments

MUR 500/- flat

MUR 500/- flat

n/a

Letter of credit

• LC Advising commission

MUR 400/- flat

MUR 400/- flat

n/a

• Other amendments

MUR 400/- flat

MUR 400/- flat

n/a

• LC Confirmation

As per agency arrangements

As per agency arrangements

n/a

• Acceptance commission

As per agency arrangements

As per agency arrangements

n/a

• Negotiation commission

0.125% (min MUR 500/-) plus handling fee
MUR 500/-

0.125% (min MUR 500/-) plus handling fee
MUR 500/-

n/a

• LC Transfer to 2nd beneficiary bank

0.25% min MUR 1000/- plus SWIFT charges
MUR 200/-

0.25% min MUR 1000/- plus SWIFT charges
MUR 200/-

n/a

• Discounting

MUR 500/- flat fee plus interest as per
agreement

MUR 500/- flat fee plus interest as per
agreement

n/a

21. Other Services

Statement Fee on quarterly/ monthly issuance of paper
statements of account (Half yearly Statement issuance in June and December free of charge)
*Note: Month-End E-Statement is free

MUR 25/- per sheet

MUR 25/- per sheet

n/a

Auditor's Report

Via confirmation.com

Via other channels

Free

MUR 2,500/- per request

Free

MUR 2,500/- per request

n/a

Certificate of Interest/ balance / liabilities

Free

MUR 100/- per request

n/a

Certificate of Interest for Tax purposes

Free

Free

n/a

• Testimonials, Letter of Comfort, Letter of Reference

MUR 500/-

MUR 1,000/-

n/a

• Payroll Fee

n/a

MUR 100/- per Bank excl. Internal

n/a

• Duplicate Statement of Account

MUR 25/- per sheet

MUR 25/- per sheet

n/a

• Transfer to another local Bank in rupees through Local Instant Transfer

• Transfer to another local Bank in rupees (MACSS)

MUR 125/-

MUR 125/-

n/a

• Transfer to another local Bank in rupees made through
  Internet Banking

MUR 75/-

MUR 75/-

n/a

• Photostat copy

Free

MUR 10/-

n/a

• Fax / Email transmission costs

Local - MUR 10/- per sheet
Overseas - MUR 100/- per sheet

Local - MUR 10/- per sheet
Overseas - MUR 100/- per sheet

n/a

• Processing fee for succession accounts

Free

-

n/a

• Safe Deposit Lockers (Rental per year)*

Security Deposit

MUR 20,000

MUR 20,000

n/a

Sizes

Standard

MUR 9,200/- (VAT inclusive)

MUR 9,200/- (VAT inclusive)

n/a

Medium

MUR 13,800/- (VAT inclusive)

MUR 13,800/- (VAT inclusive)

n/a

Large

MUR 28,750/- (VAT inclusive)

MUR 28,750/- (VAT inclusive)

n/a

* The Rental shall entitle the Lessee to 12 visits for each one-year period, during the term of the Agreement. Hirer will be charged MUR 500 for each
additional visit as from the 13th one. Charges may be subject to review.

• Night Safe

n/a

n/a

n/a

• Global Custody

The custody fees are negotiable based on
Target Market for investment, potential AUC, Asset Type.

The custody fees are negotiable based on
Target Market for investment, potential AUC, Asset Type

n/a

Note: All fees/charges which are vatable are inclusive of Vat and all fees/charges which are not vatable have zero Vat.