| Banque des Mascareignes Ltée |
| Statement of Principal INDICATIVE Interest Rates and Service Charges |
| (Updated 25.06.10) |
| For domestic operations |
| |
|
{In Mauritian Rupee except if stated otherwise} |
Individuals |
Corporates |
Self-employed / SMEs |
| A |
INTEREST RATES |
| 1 |
Deposits |
|
|
|
| |
Savings |
4.50% |
4.50% |
4.50% |
| Call (margins) |
less than 3% for LIBID |
less than 2.5% for LIBID |
less than 3% for LIBID |
| (USD. GBP. CAD. AUD) / less than 2.5% for EONIA (EUR) OTHERS. UPON REQUEST |
(USD. GBP. CAD. AUD)/ less than 2% for EONIA (EUR). OTHERS. UPON REQUEST |
(USD. GBP. CAD. AUD) / less than 2.5% for EONIA (EUR) OTHERS. UPON REQUEST |
|
|
|
|
|
|
| Term (MUR) |
Between 4.50 & 8.40% |
Between 4.50 & 8.40% |
Between 4.50 & 8.40% |
| Term (FCY) margins |
EUR: 0.40% - 1.40% / USD GBP CAD AUD: 0.50% - 1.50% |
EUR: 0.20% - 0.40% / USD GBP CAD AUD: 0.30% - 0.60% |
EUR: 0.40% - 1.40% / USD GBP CAD AUD: 0.50% - 1.50% |
|
|
|
|
| 2 |
Credit facilities (MUR) |
| |
Prime Lending Rate |
8.75% |
8.75% |
8.75% |
| Credit cards |
n/a |
n/a |
n/a |
| Other credit facilities - margin over PLR |
0.25% - 7.75% * |
0.75% - 4% * |
0.25% - 7.75% * |
|
|
|
|
| 3 |
Credit facilities (FCY) |
| |
Margin over LIBOR |
1.5% - 4% * |
1.5% - 3.5% * |
1.5% - 4% * |
| |
* subject to Credit Assessment |
* subject to Credit Assessment |
* subject to Credit Assessment |
| B |
DEPOSITS |
| 4 |
Savings Account |
| |
Minimum account opening balance |
5 000 |
10 000 |
5000 |
| Minimum credit balance to earn interest |
5 000 |
10 000 |
5000 |
| Monthly service charges if credit balance falls below minimum balance |
n/a |
n/a |
n/a |
|
|
|
|
| 5 |
Current Account |
| |
Minimum account opening balance |
5 000 |
10 000 |
5000 |
| Cost of cheque book |
Between 100 & 320 |
Between 175 & 320 |
Between 100 & 320 |
| Monthly service charges |
75 + VAT |
60 + VAT |
120 + VAT |
|
|
|
|
| 6 |
Call Deposit Account |
| |
Minimum balance |
upon request |
upon request |
upon request |
| Minimum credit balance to earn interest |
upon request |
upon request |
upon request |
| Monthly service charges |
n/a |
n/a |
n/a |
|
|
|
|
| 7 |
Term deposits (MUR) |
| |
Minimum balance |
50 000 |
50 000 |
50 000 |
| Deposit withdrawn before maturity |
*applicable penalty will be advised at the time of early withdrawal. |
*applicable penalty will be advised at the time of early withdrawal. |
*applicable penalty will be advised at the time of early withdrawal. |
|
|
|
|
| 8 |
Term deposits (FCY) |
| |
Minimum balance |
5 000 |
5 000 |
5 000 |
| Deposit withdrawn before maturity |
*applicable penalty will be advised at the time of early withdrawal. |
*applicable penalty will be advised at the time of early withdrawal. |
*applicable penalty will be advised at the time of early withdrawal. |
|
|
|
|
| 9 |
Foreign Currency Account |
| |
Minimum balance |
| - Euro |
2 000 |
2 000 |
2 000 |
| - Pound Sterling |
2 000 |
2 000 |
2 000 |
| - US Dollar |
2 000 |
2 000 |
2 000 |
| Monthly service charges |
USD,AUD,CAD,CHF -1.5+VAT |
USD,AUD,CAD,CHF -1.5+VAT |
USD,AUD,CAD,CHF -1.5+VAT |
|
EUR,GBP-1+VAT |
EUR,GBP-1+VAT |
EUR,GBP-1+VAT |
|
ZAR 10+VAT |
ZAR 10+VAT |
ZAR 10+VAT |
|
|
|
|
| C |
CREDIT FACILITIES |
| 10 |
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 |
|
|
|
|
| 11 |
Loans and advances |
| |
Processing fee |
1% |
1% |
1% |
| Arrangement fee |
n/a |
n/a |
n/a |
| Ledger fee |
75+VAT monthly for loans ≥100k |
n/a |
75+VAT monthly for loans ≥100k |
| Commitment fee |
0.08% (per month) of any undrawn balance |
0.08% (per month) of any undrawn balance |
0.08% (per month) of any undrawn balance |
| Early redemption / prepayment fee |
1% |
1% |
1% |
| Valuation Survey & Report fee |
upon request |
upon request |
upon request |
| Legal charges for creation of security documents |
2 000 |
2 000 |
2 000 |
| - Fixed / Floating Charges |
not exceeding 300.000 rupees => 1.000 // exceeding 300.000 rupees but not exceeding 500.000=> 3.000 // exceeding 500.000 rupees but not exceeding 1.000.000 => 10.000// exceeding 1.000.000 rupees but not exceeding 5.000.000 rupees => 30.000// exceeding 5.000.000 rupees => 50.000 |
not exceeding 300.000 rupees => 1.000 // exceeding 300.000 rupees but not exceeding 500.000=> 3.000 // exceeding 500.000 rupees but not exceeding 1.000.000 => 10.000// exceeding 1.000.000 rupees but not exceeding 5.000.000 rupees => 30.000// exceeding 5.000.000 rupees => 50.000 |
not exceeding 300.000 rupees => 1.000 // exceeding 300.000 rupees but not exceeding 500.000=> 3.000 // exceeding 500.000 rupees but not exceeding 1.000.000 => 10.000// exceeding 1.000.000 rupees but not exceeding 5.000.000 rupees => 30.000// exceeding 5.000.000 rupees => 50.000 |
| |
- Gages sans deplacement |
|
|
|
| not exceeding 300.000 rupees => 1.000 // exceeding 300.000 rupees but not exceeding 500.000=> 3.000 // exceeding 500.000 rupees but not exceeding 1.000.000 => 10.000// exceeding 1.000.000 rupees but not exceeding 5.000.000 rupees => 30.000// exceeding 5.000.000 rupees => 50.000 |
not exceeding 300.000 rupees => 1.000 // exceeding 300.000 rupees but not exceeding 500.000=> 3.000 // exceeding 500.000 rupees but not exceeding 1.000.000 => 10.000// exceeding 1.000.000 rupees but not exceeding 5.000.000 rupees => 30.000// exceeding 5.000.000 rupees => 50.000 |
not exceeding 300.000 rupees => 1.000 // exceeding 300.000 rupees but not exceeding 500.000=> 3.000 // exceeding 500.000 rupees but not exceeding 1.000.000 => 10.000// exceeding 1.000.000 rupees but not exceeding 5.000.000 rupees => 30.000// exceeding 5.000.000 rupees => 50.000 |
| - Erasure of charges |
500 |
500 |
500 |
| |
|
|
|
|
| 12 |
Guarantees |
| |
Performance bonds |
1.5% PA (MIN 500) |
1.5% PA (MIN 500) |
1.5% PA (MIN 500) |
| Tender : bid bonds |
0.25% - 1% (MIN 500) |
0.25% - 1% (MIN 500) |
0.25% - 1% (MIN 500) |
| Advance payments bonds |
2% p.a (min 500) |
2% p.a (min 500) |
2% p.a (min 500) |
| Retention money bonds / guarantees |
2% p.a (min 500) |
2% p.a (min 500) |
2% p.a (min 500) |
| Shipping guarantee |
400 - 800 |
400 - 800 |
400 - 800 |
|
|
|
|
| D |
GENERAL SERVICES |
| 13 |
Treasury Bills |
| |
Account opening fee |
n/a |
n/a |
n/a |
| Transaction fee |
n/a |
n/a |
n/a |
|
|
|
|
| 14 |
Debit Cards |
| |
Annual fee |
Between 200 & 800 + VAT |
Between 200 & 800 + VAT |
Between 200 & 800 + VAT |
| Replacement of lost / stolen cards |
Between 100 & 400 + VAT |
Between 100 & 400 + VAT |
Between 100 & 400 + VAT |
| Withdrawals |
| - Bank's ATM |
nil |
n/a |
nil |
| - Other banks' ATM |
40 |
n/a |
40 |
| - Overseas |
80 |
n/a |
80 |
|
|
|
|
| 15 |
Others |
| |
Telegraphic transfer |
Mur 200 + Swift Mur 150 + commission in lieu of exchange + Overseas charges if any |
Mur 200 + Swift Mur 150 + commission in lieu of exchange + Overseas charges if any |
Mur 200 + Swift Mur 150 + commission in lieu of exchange + Overseas charges if any |
| MACSS facility |
100 |
100 |
100 |
| Audit confirmation certificate |
Between 350 & 700 |
Between 350 & 700 |
Between 350 & 700 |
| Testimonial / Banker's reference fee |
300 |
100 |
300 |
| Letter of reference |
300 |
100 |
300 |
| Payroll fee |
7/ operation or 80/ spreadsheet |
7/ operation or 80/ spreadsheet |
7/ operation or 80/ spreadsheet |
| Internet banking fee |
50/monthly |
400/monthly |
400/monthly |
| Duplicate statement of account |
100 |
100 |
100 |
| Standing instructions |
| - Internal transfer |
10 |
10 |
10 |
| - Transfer to other banks |
35 |
35 |
35 |
| Direct debit |
10 |
10 |
10 |
| Purchase of foreign cheques/bank drafts |
150 /cheque + commission in lieu if any+ Overseas charges if any |
150 /cheque + commission in lieu if any+ Overseas charges if any |
150 /cheque + commission in lieu if any+ Overseas charges if any |
| Office cheque insurance |
150 |
150 |
150 |
| Cheque returned |
| - Inward |
25 |
25 |
25 |
| - Outward |
250 |
250 |
250 |
| Stop payment orders |
100 |
100 |
100 |
| Safe deposit lockers |
n/a |
n/a |
n/a |
|
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| *For further information or details on any of the above or full range of fees, please contact the bank or visit its website. |