Tariff of Charges |
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| Bank of Mauritius template on fees, charges and commissions. |
| HSBC - Statement of Principal Interest Rates and Service Charges as at 01 May 2012- For domestic operations |
| Individuals | Corporates | Others | ||
| A | INTEREST RATES | |||
| 1 | Deposits | |||
| Savings | 3.25% p.a subject to fluctuations | N/A | N/A | |
| Savings Plus | 3.35% p.a subject to fluctuations | N/A | N/A | |
| Call | N/A | 1.25% 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 1% p.a to 5.1% 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 1% p.a to 5.1% 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 0.90% p.a Pound Sterling * up to 0.44% p.a Hong Kong dollar * up to 0.40% p.a US Dollar * up to 0.23% p.a EURO * up to 0.32% 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 0.90% p.a Pound Sterling * up to 0.44% p.a Hong Kong dollar * up to 0.40% p.a US Dollar * up to 0.23% p.a EURO * up to 0.32% p.a *The rates are based on indicative International market rate |
N/A |
| 2 | Credit Facilities (MUR) | |||
| Prime Lending Rate | 7.00 % p.a | 7.00 % p.a | N/A | |
| Credit Cards | 2 % per month for classic 1.95 % per month for gold |
2 % per month for classic 1.95 % per month for gold |
N/A | |
| Other credit facilities - margin over PLR | Home loan - as from BLR - 0.30% Personal loan -as from BLR + 2% Car loan - as from BLR - 0.25% |
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 |
| B | 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 100 50 Leaves - Rs 200 100 Leaves - Rs 400 |
50
Leaves - Rs 200 100 Leaves - Rs 400 |
N/A | |
| Monthly service charges | Rs 30 + VAT (if average monthly credit balance falls below Rs Rs 15,000) | Rs 100 + VAT (if average monthly credit balance falls below Rs Rs 25,000) | N/A |
| 6 | Call Deposit Account | |||
| Minimum balance | N/A | Rs 10,000 | 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 50,000 | 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 Renminbi : CNY 25,000 |
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 | N/A | N/A | |
| Pound Sterling Savings Account | EUR 2,000 | N/A | N/A | |
| US Dollar Savings account |
EUR 2,000 |
N/A | N/A | |
| Renminbi Savings account | CNY 10,000 | N/A | N/A | |
| Minimum credit Balance to earn interest | Euro:
EUR 2,000 Pound Sterling: GBP 2,000 US Dollar: USD 2,000 Renminbi : CNY 10,000 |
N/A | N/A | |
| Monthly service charges | Rs 50 + VAT calculated monthly, payable monthly (if average monthly credit balance falls below minimum balance equivalent to MUR 5,000) | N/A | N/A |
| C | CREDIT FACILITIES |
| 10 | Credit Cards | |||
| Annual Fee | Classic Card: Primary - Rs 200 + VAT Gold Card: Primary - Rs 800 + VAT |
Classic Card: Primary - Rs 200 + VAT Gold Card: Primary - Rs 800 + VAT |
N/A | |
| Replacement of lost/stolen cards | Classic Card: Rs 100 + VAT Gold Card: Rs 200 + VAT |
Classic Card: Rs 100 + VAT Gold Card: Rs 200 + VAT |
N/A | |
| Cash Advance fee | 2% of amount withdrawn (Minimum Rs 100) | N/A | N/A | |
| Overlimit fee | Rs 225 | Rs225 | N/A |
| 11 | Loans and Advances | |||
| Processing Fee | Personal Loan - 1% of loan amount minimum Rs 1,000 Home Loan - 1% of loan amount minimum Rs 2,000 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 Note: For facilities governed by the Borrower Protection Act, no early repayment fee will be charged upon repayment in advance of the loan amount. |
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 Rs 10,000 and subject to review | As per tariff of the bank's approved valuers and surveyors. Varies between Rs 3,500 to Rs 10,000 and subject to review | N/A | |
| Legal Charges for creation of security documents | Rs 1380 | |||
| 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 |
| D | 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 900 | N/A | ||
| Testimonial/Banker's reference Fee | N/A | N/A | N/A | |
| Letter of reference | Rs 300 | Rs 300 | N/A | |
| Payroll Fee | N/A | By diskette: MUR 500 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 - Rs400 per Security device + courier charges for overseas delivery Portfolio set-up - Free of charge Initial Training - Free of charge Salary payment via HSBCnet - Rs 10 per entry 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 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 600 per statement | N/A | |
| Standing Instructions | ||||
| Internal Transfer | Rs 10 | Rs 12 | N/A | |
| Transfer to other banks | Rs 25 | Rs 35 | N/A | |
| Direct Debit | Rs 10 | 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 200 | Rs 200 | 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 4,900 + VAT Type B (22'x8'x16') - Rs 3,800 + VAT Type C (22'x8.125'x8') - Rs 2,700 + VAT Type D (22'x4'x8') - Rs 1,800 + VAT |
Annual rental price: Type A (22'x16'x16') - Rs 4,500 + VAT Type B (22'x8'x16') - Rs 3,500 + VAT Type C (22'x8.125'x8') - Rs 2,450 + VAT Type D (22'x4'x8') - Rs 1,650 + 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 |