Savings Account

Saving Accounts

Manage your routine financial matters effectively

Our savings account is a secure, rewarding and accessible way to manage your routine financial matters effectively.
You can enjoy 24-hour banking convenience with our ATM Cards, and earn interest on your daily credit balance!

Know more

Benefits and Features
Eligibility criteria
Documents required

Benefits & Features

Open a HSBC Savings Account with no hidden costs

With our ATM Cards, you can access your account and carry out most of your personal banking transactions 24 hours a day, 365 days a year
Our interest rate structure encourages you to save. Your Savings Account accumulates interest on your daily credit balance, which is credited half-yearly to your account (in June and December)
Convenient and easy to understand statements – no need to update any passbook at the bank. An updated record of the transactions effected together with the balance is sent on a quarterly basis to you
Deposits or withdrawals may be made at any HSBC branch in Mauritius.
Standing orders and direct debit payments allowed.
Accounts can be opened at any HSBC branch in Mauritius
You should maintain a balance of Rs 5,000 to receive interest. A service fee of Rs50 + VAT per month will be charged if your monthly average balance is below the minimum requirement
No interest is earned on daily balances below MUR 5,000.
No cheque book facility

Eligibility

Individuals aged 18 years and above
For minors under 18 years: account has to be operated by parent or responsible party
Account can be opened for: personal (sole or joint), society, partnership or company
Minimum initial deposit of MUR 5,000
Foreign nationals have to produce a letter of reference from their main overseas banks