Tariff of Charges | HSBC Mauritius

The world's local bank

Tariff of Charges

View and Download Tariffs for 2010 and 2009

Personal Banking Tariffs 2010	View/Download

Internet Banking Tariffs	View/Download

AssetVantage Tariffs 2010	View/Download

Corporate Banking Tariffs 2010	View/Download

Global Business Tariffs 2010	View/Download

HSBC Bank (Mauritius) Limited Tariffs 2010	View/Download

Bank of Mauritius template on fees, charges and commissions.

HSBC - Statement of Principal Interest Rates and Service Charges as at 01 March 2010 - For domestic operations

Individuals

Corporates

Others

INTEREST RATES

1	Deposits
	Savings	4.4% p.a subject to fluctuations	N/A	N/A
	Savings Plus	4.65% p.a subject to fluctuations	N/A	N/A
	Call	N/A	2.5% p.a subject to fluctuations	N/A
	Term (MUR)	Indicative rates(% per annum).Check the latest interest rates and deposit periods available at any HSBC branch. Varies from 4% p.a to 5.8% p.a. (subject to fluctuations in Repo rate)	Indicative rates(% per annum).Check the latest interest rates and deposit periods available at any HSBC branch. Varies from 3.5% p.a to 7.0% p.a. (subject to fluctuations in Repo rate)	N/A
	Term (FCY)	Indicative rates (% per annum). Rates vary depending on amount and tenor. Check the latest interest rates and deposit periods available at any HSBC branch. Canadian Dollar * up to 0.15% p.a Pound Sterling * NIL Hong Kong dollar * up to 0.26% p.a US Dollar * up to 0.18% p.a EURO * up to 0.16% p.a *The rates are based on indicative International market rate	Indicative rates (% per annum). Rates vary depending on amount and tenor. Check the latest interest rates and deposit periods available at any HSBC branch. Canadian Dollar * up to 0.15% p.a Pound Sterling * NIL Hong Kong dollar * up to 0.26% p.a US Dollar * up to 0.18% p.a EURO * up to 0.16% p.a *The rates are based on indicative International market rate	N/A

2	Credit Facilities (MUR)
	Prime Lending Rate	8.05 % p.a	8.05 % p.a	N/A
	Credit Cards	2.1 % Per month	2.1 % Per month	N/A
	Other credit facilities - margin over PLR	Home loan - between BLR + 0.30 % p.a and BLR + 1 % p.a. Personal loan - between BLR + 3.50 % p.a and BLR + 7.50 % p.a Car loan - between BLR + 1.75 % p.a and BLR + 4 % p.a	Varies from 0.5 % p.a to 5 % p.a	N/A

3	Credit Facilities (FCY)
	Margin over LIBOR	LIBOR 3m: Between 2% and 3%	LIBOR 12m: Between 0.5% to 4%	N/A

DEPOSITS

4	Savings Account
	Minimum account opening balance	Rs 5,000	N/A	N/A
	Minimum credit balance to earn interest	Rs 5,000	N/A	N/A
	Monthly service charges if credit balance falls below minimum balance	Rs 50 + VAT calculated monthly, payable monthly	N/A	N/A

5	Current Account
	Minimum account opening balance	Rs 5,000	Rs25,000	N/A
	Cost of cheque book	25 Leaves - Rs 75 50 Leaves - Rs 150 100 Leaves - Rs 300	50 Leaves - Rs 150 100 Leaves - Rs 300	N/A
	Monthly service charges	Rs 30 + VAT (if average monthly credit balance falls below Rs Rs 15,000)	Rs 30 + VAT (if average monthly credit balance falls below Rs Rs 25,000)	N/A

6	Call Deposit Account
	Minimum balance	N/A	Rs100,000	N/A
	Minimum credit balance to earn interest	N/A	Rs 10,000	N/A
	Monthly service charges	N/A	N/A	N/A

7	Term Deposits (MUR)
	Minimum amount	Rs 25,000	Rs100,000	N/A
	Deposits withdrawn before maturity	Penalty will be applied based on cost incurred by the bank in making up for the shortfall in funds	Penalty will be applied based on cost incurred by the bank in making up for the shortfall in funds	N/A

8	Term Deposits (FCY)
	Minimum amount	Euro: EUR 5,000 Pound Sterling: GBP 5,000 US Dollar: USD 5,000 Hong Kong Dollar: HKD 5,000 Canadian Dollar: CAD 5,000	Euro: EUR 25,000 Pound Sterling: GBP 25,000 US Dollar: USD 25,000 Hong Kong Dollar: HKD 25,000 Canadian Dollar: CAD 25,000	N/A
	Deposit withdrawn before maturity	Penalty will be applied based on cost incurred by the bank in making up for the shortfall in funds	Penalty will be applied based on cost incurred by the bank in making up for the shortfall in funds	N/A

9	Foreign Currency Account
	Minimum amount
	Euro Savings Account	EUR 2,000	EUR 10,000	N/A
	Pound Sterling Savings Account	EUR 2,000	EUR 10,000	N/A
	US Dollar Savings account	EUR 2,000	EUR 10,000	N/A
	Minimum credit Balance to earn interest	Euro: EUR 2,000 Pound Sterling: GBP 2,000 US Dollar: USD 2,000	Euro: EUR 10,000 Pound Sterling: GBP 10,000 US Dollar: USD 10,000	N/A
	Monthly service charges	N/A	N/A	N/A

CREDIT FACILITIES

10	Credit Cards
	Annual Fee	Classic Card: Primary - Rs 200 + VAT Supplementary - Rs 100 + VAT Gold Card: Primary - Rs 800 + VAT Supplementary - Rs 400 + VAT	Classic Card: Primary - Rs 200 + VAT Supplementary - Rs 100 + VAT Gold Card: Primary - Rs 800 + VAT Supplementary - Rs 400 + VAT	N/A
	Replacement of lost/stolen cards	Classic Card: Primary - Rs 200 + VAT Supplementary - Rs 100 + VAT Gold Card: Primary - Rs 300 + VAT Supplementary - Rs 300 + VAT	Classic Card: Primary - Rs 200 + VAT Supplementary - Rs 100 + VAT Gold Card: Primary - Rs 300 + VAT Supplementary - Rs 300 + VAT	N/A
	Cash Advance fee	2.5% of amount withdrawn (Minimum Rs 150)	N/A	N/A
	Overlimit fee	Rs 250	Rs250	N/A

11	Loans and Advances
	Processing Fee	Personal Loan - 1% of loan amount minimum Rs 1,000 Home Loan - 1% of loan amount, of which Rs 1,000 payable upon signing of facility offer letter and remaining balance upon first loan disbursement. Overdraft - 1% of overdraft limit (minimum Rs 1,000	Ranges between Rs 1,000 and Rs 15,000	N/A
	Arrangement Fee	N/A	0.5 % to 1 %	N/A
	Ledger Fee	N/A	N/A	N/A
	Commitment Fee	N/A	0.5 % to 1 % of the amount of the facility not yet disbursed	N/A
	Early redemption/prepayment fee	Equivalent to 1% of loan amount prepaid	Allowed on interest payment date provided one month notice given and subject to a prepayment fee of 1% p.a of the loan amount. Prepayment option is at the bank's sole discretion	N/A
	Valuation Survey & Report Fee	As per tariff of the bank's approved valuers and surveyors. Varies between Rs 3,500 to R 8,000 and subject to review	As per tariff of the bank's approved valuers and surveyors. Varies between Rs 3,500 to R 8,000 and subject to review	N/A
	Legal Charges for creation of security documents
	Fixed/Floating Charges	As levied by Registrar Office Not exceeding MUR 300,000 - MUR 1,000 Exceeding MUR 300,000 but not exceeding MUR 500,000 - MUR 3,000 Exceeding MUR 500,000 but not exceeding MUR 1.0M - MUR 10,000 Exceeding MUR 1.0M but not exceeding MUR 5.0M - MUR 30,000 Exceeding MUR 5.0M - MUR 50,000	As levied by Registrar Office Not exceeding MUR 300,000 - MUR 1,000 Exceeding MUR 300,000 but not exceeding MUR 500,000 - MUR 3,000 Exceeding MUR 500,000 but not exceeding MUR 1.0M - MUR 10,000 Exceeding MUR 1.0M but not exceeding MUR 5.0M - MUR 30,000 Exceeding MUR 5.0M - MUR 50,000	N/A
	Gages sans deplacement	As levied by NTA - Insription of lien Rs 300	N/A	N/A
	Erasure of charges	As levied by Registrar Office - Rs 300	As levied by Registrar Office - Rs 300	N/A

12	Guarantees
	Performance Bonds	1.5% p.a. with a minimumof Rs 600	1.5% p.a. with a minimumof Rs 600	N/A
	Tender/bid bonds	1% for the first 6 months with a min of Rs 600 0.25% for each additional period of 3 months or part thereof with a minimum of Rs 600	1% for the first 6 months with a min of Rs 600 0.25% for each additional period of 3 months or part thereof with a minimum of Rs 600	N/A
	Advance payment bonds	2% p.a. with a min of Rs 600	2% p.a. with a min of Rs 600	N/A
	Retention money bonds / guarantees	2% p.a. with a min of Rs 600	2% p.a. with a min of Rs 600	N/A
	Shipping guarantee	N/A	Rs 800 for the first 2 months	N/A

GENERAL SERVICES

13	Treasury Bills
	Account Opening Fee	NIL	NIL	N/A
	Transaction Fee	Rs 150	NIL	N/A

14	Debit Cards
	Annual Fee	N/A	N/A	N/A
	Replacement of lost/stolen cards	Rs 100 + VAT	N/A	N/A
	Withdrawals
	Bank's ATM	Free	N/A	N/A
	Other bank's ATM	Rs 80 per transaction	N/A	N/A
	Overseas	Rs 80 per transaction	N/A	N/A

15	Others
	Telegraphic transfer	Inward telegraphic transfer: Rs 150 Outward telegraphic transfer: From a local currency account: Rs 400 From a foreign currency account: Rs 400 + 0.5% CILE, min USD 10 max USD 100	Inward telegraphic transfer: Rs 150 Outward telegraphic transfer: From a local currency account: Rs 400 From a foreign currency account: Rs 400 + 0.5% CILE, min USD 20	N/A
	MACSS Facility	Rs 100	Rs 100	N/A
	Audit confirmation certificate	Rs 300	Rs 750	N/A
	Testimonial/Banker's reference Fee	N/A	N/A	N/A
	Letter of reference	Rs 200	Rs 200	N/A
	Payroll Fee	N/A	By diskette: MUR 100 Manual: MUR 500 for first 20 entries MUR 30 for each additional entry	N/A
	Internet Banking Fee	FREE	HSBCnet Initial Setup Charges includes: Security Device fee - USD 12 per Security device Portfolio set-up - Free of charge Initial Training - Free of charge Monthly Charges Portfolio Maintenance (up to 4 legal entities) - For Transacting & Reporting & Trade Services - Rs 1,000 - For Transacting & Reporting - Rs 600 - For Reporting only - Rs 300 Any additional legal entity reporting (Within Mauritius) (per entity) - Rs 100 Any additional legal entity reporting (Outside Mauritius) (per entity) - Rs 200 One-Off Charges (Per Request) Linking of additional accounts within or outside Mauritius - Free of Charge Additional training via onsite visit - As per taxi fare applicable New Security Device - USD 12 per Security Device Password Reset - Rs 100 Payments advising via email - Free of charge Payment advising via SMS - Rs 5 per SMS Transaction Charges International Telegraphic Transfers (plus normal CILE applicable) - Rs 200 DD Issuance (per transaction) (plus normal CILE applicable) - Rs 100 Internal transfers within HSBC Mauritius (domestic branches only) - Free of charge MACSS Transfer - Rs 50	N/A
	Duplicate statement of account	Rs 150 per statement	Rs 150 per statement	N/A
	Standing Instructions
	Internal Transfer	Rs 12	Rs 12	N/A
	Transfer to other banks	Rs 35	Rs 35	N/A
	Direct Debit	Rs 15	Rs 15	N/A
	Purchase of foreign cheques.bank drafts	Rs 150 per cheque + overseas bank charges if any	Rs 250 per cheque + overseas bank charges if any	N/A
	Office Cheque Issuance	Rs 150	Rs 150	N/A
	Cheque book facility	N/A	N/A
	Cheque Returned			N/A
	Inwards	Rs 25	Rs 25	N/A
	Outwards	Rs 250	Rs 250	N/A
	Stop payment orders	Rs 125	Rs 125	N/A
	Safe deposit lockers	Annual rental price: Type A (22'x16'x16') - Rs 4,000 + VAT Type B (22'x8'x16') - Rs 3,000 + VAT Type C (22'x8.125'x8') - Rs 2,000 + VAT Type D (22'x4'x8') - Rs 1,200 + VAT	Annual rental price: Type A (22'x16'x16') - Rs 4,000 + VAT Type B (22'x8'x16') - Rs 3,000 + VAT Type C (22'x8.125'x8') - Rs 2,000 + VAT Type D (22'x4'x8') - Rs 1,200 + VAT	N/A
	Night safe	N/A	N/A	N/A

For further information or details on any of the above or full range of fees, please contact the bank or visit its website