Rates:
Deposits (Savings, Current and Call deposit account):
Fixed Deposits:
Tariffs:
Deposits (Savings, Current and Call deposit account)
In Mauritian Rupees
Savings Account and Savings Plus Account |
Interest rate is calculated based on different balance range as follows:
|
---|---|
Current Account |
0% Interest is not applicable. |
Call Deposit Account (Applicable to existing accounts only. New accounts not offered) |
0.20% p.a. Applicable for a minimum balance of Rs. 25,000. |
Savings Account and Savings Plus Account |
Current Account |
---|---|
Interest rate is calculated based on different balance range as follows:
|
0% Interest is not applicable. |
Savings Account and Savings Plus Account |
Call Deposit Account (Applicable to existing accounts only. New accounts not offered) |
Interest rate is calculated based on different balance range as follows:
|
0.20% p.a. Applicable for a minimum balance of Rs. 25,000. |
In Foreign Currencies
Foreign currency |
Abbreviation |
Interest rate per annum |
---|---|---|
South African Rand |
ZAR |
1.20% |
Chinese Yuan |
CNY |
0.25% |
US Dollars |
USD |
0.00% |
Pound Sterling |
GBP |
0.00% |
Hong Kong Dollar |
HKD |
0.00% |
Australian Dollar |
AUD |
0.00% |
Euro |
EUR |
0.00% |
Canadian Dollar |
CAD |
0.00% |
Foreign currency |
South African Rand |
---|---|
Abbreviation |
ZAR |
Interest rate per annum |
1.20% |
Foreign currency |
Chinese Yuan |
Abbreviation |
CNY |
Interest rate per annum |
0.25% |
Foreign currency |
US Dollars |
Abbreviation |
USD |
Interest rate per annum |
0.00% |
Foreign currency |
Pound Sterling |
Abbreviation |
GBP |
Interest rate per annum |
0.00% |
Foreign currency |
Hong Kong Dollar |
Abbreviation |
HKD |
Interest rate per annum |
0.00% |
Foreign currency |
Australian Dollar |
Abbreviation |
AUD |
Interest rate per annum |
0.00% |
Foreign currency |
Euro |
Abbreviation |
EUR |
Interest rate per annum |
0.00% |
Foreign currency |
Canadian Dollar |
Abbreviation |
CAD |
Interest rate per annum |
0.00% |
Interest for all of the above accounts is calculated and accrued on a daily basis on the close-of-business balance. Interests are credited half yearly in June and December.
Fixed Deposits
In Mauritian Rupees
Applicable for a minimum balance of Rs.30,000
Effective date: 24 April 2023
Deposit Amount |
MUR30,000 to MUR5M |
Above MUR5M- MUR10M |
Above MUR10M |
---|---|---|---|
12 months | 3.60% | 3.80% | 4.00% |
24 months | 3.70% | 3.90% | 4.10% |
36 months | 3.75% | 3.95% | 4.15% |
48 months | 3.75% | 3.95% | 4.15% |
Deposit Amount |
12 months |
---|---|
MUR30,000 to MUR5M |
3.60% |
Above MUR5M- MUR10M |
3.80% |
Above MUR10M |
4.00% |
Deposit Amount |
24 months |
MUR30,000 to MUR5M |
3.70% |
Above MUR5M- MUR10M |
3.90% |
Above MUR10M |
4.10% |
Deposit Amount |
36 months |
MUR30,000 to MUR5M |
3.75% |
Above MUR5M- MUR10M |
3.95% |
Above MUR10M |
4.15% |
Deposit Amount |
48 months |
MUR30,000 to MUR5M |
3.75% |
Above MUR5M- MUR10M |
3.95% |
Above MUR10M |
4.15% |
Period |
Interest payable monthly |
Interest payable quarterly |
Interest payable at maturity
|
---|---|---|---|
1,3,6,9 months | 0.00% | 0.00% | 0.00% |
18 months | 0.00% |
0.00% |
3.60% |
37 months | 0.00% |
0.00% |
3.75% |
60 months | 3.70% | 3.75% | 4.20% |
Period |
1,3,6,9 months |
---|---|
Interest payable monthly |
0.00% |
Interest payable quarterly |
0.00% |
Interest payable at maturity
|
0.00% |
Period |
18 months |
Interest payable monthly |
0.00% |
Interest payable quarterly |
0.00% |
Interest payable at maturity
|
3.60% |
Period |
37 months |
Interest payable monthly |
0.00% |
Interest payable quarterly |
0.00% |
Interest payable at maturity
|
3.75% |
Period |
60 months |
Interest payable monthly |
3.70% |
Interest payable quarterly |
3.75% |
Interest payable at maturity
|
4.20% |
Fixed deposit interest is calculated on a daily basis at applicable rate on deposit amount. Interests are then credited monthly, quarterly or at maturity as applicable.
Interest rates above are:
- Per annum.
- Fixed for the duration of the deposit.
- All term deposits with instruction set as “auto–renewal” will be renewed at prevailing rates.
In Foreign Currencies
EUR, USD and GBP | 10,000 units |
AUD and CAD | 15,000 units |
---|---|
HKD, CNY and ZAR | 30,000 units |
EUR, USD and GBP | AUD and CAD |
---|---|
10,000 units | 15,000 units |
EUR, USD and GBP | HKD, CNY and ZAR |
10,000 units | 30,000 units |
Foreign Currency | Abbreviation |
3 months | 6 months | 12 months |
---|---|---|---|---|
US Dollars* | USD | 3.90% | 3.80% | 3.75% |
Pound Sterling | GBP | 3.30% | 3.50% | 3.70% |
Canadian Dollar | CAD | 3.35% | 3.40% | 3.50% |
Hong Kong Dollar | HKD | 1.70% | 1.90% | 2.30% |
Chinese Yuan | CNY | 1.25% | 1.40% | 2.00% |
Australian Dollar | AUD | 2.50% | 2.65% | 3.00% |
South African Rand | ZAR | 6.00% | 5.80% | 6.50% |
Foreign Currency | US Dollars* |
---|---|
Abbreviation |
USD |
3 months | 3.90% |
6 months | 3.80% |
12 months | 3.75% |
Foreign Currency | Pound Sterling |
Abbreviation |
GBP |
3 months | 3.30% |
6 months | 3.50% |
12 months | 3.70% |
Foreign Currency | Canadian Dollar |
Abbreviation |
CAD |
3 months | 3.35% |
6 months | 3.40% |
12 months | 3.50% |
Foreign Currency | Hong Kong Dollar |
Abbreviation |
HKD |
3 months | 1.70% |
6 months | 1.90% |
12 months | 2.30% |
Foreign Currency | Chinese Yuan |
Abbreviation |
CNY |
3 months | 1.25% |
6 months | 1.40% |
12 months | 2.00% |
Foreign Currency | Australian Dollar |
Abbreviation |
AUD |
3 months | 2.50% |
6 months | 2.65% |
12 months | 3.00% |
Foreign Currency | South African Rand |
Abbreviation |
ZAR |
3 months | 6.00% |
6 months | 5.80% |
12 months | 6.50% |
USD Rates |
3 months |
6 months |
12 months |
---|---|---|---|
USD10,000 to USD50,000 |
3.90% | 3.80% | 3.75% |
Above USD50,000 to USD100,000 |
4.10% | 4.00% | 3.95% |
Above USD100,000 |
4.30% | 4.20% | 4.15% |
USD Rates |
USD10,000 to USD50,000 |
---|---|
3 months |
3.90% |
6 months |
3.80% |
12 months |
3.75% |
USD Rates |
Above USD50,000 to USD100,000 |
3 months |
4.10% |
6 months |
4.00% |
12 months |
3.95% |
USD Rates |
Above USD100,000 |
3 months |
4.30% |
6 months |
4.20% |
12 months |
4.15% |
Fixed deposit interest is calculated on a daily basis at applicable rate on deposit amount. Interest are then credited monthly, quarterly or at maturity as applicable.
Interest rates above are:
- Per annum.
- Fixed for the duration of the deposit.
- Applicable for Personal Banking customers only.
- All fixed deposits with instruction set as “auto–renewal” will be renewed at prevailing rates.
Loans and advances
Base Lending Rate (BLR) Effective 17 April 2023 |
7.35% p.a. |
---|---|
Bank of Mauritius Key Rate (KR) |
4.50% p.a. |
Base Lending Rate (BLR) Effective 17 April 2023 |
Bank of Mauritius Key Rate (KR) |
---|---|
7.35% p.a. | 4.50% p.a. |
Above rates are subject to fluctuation time to time.
Loans
Loans |
Rates |
---|---|
Home Loan |
|
Personal Loan |
|
Overdraft Facility |
|
Loans |
Home Loan |
---|---|
Rates |
|
Loans |
Personal Loan |
Rates |
|
Loans |
Overdraft Facility |
Rates |
|
Credit card finance charges
Credit Card |
Finance Charges |
---|---|
All |
Finance charge will be levied daily at applicable rate until balance has been repaid in full and will be added to the account on a monthly basis on statement date. Interest will not be charged on purchases (transactions effected at point of sales) if the whole outstanding balance shown on the statement is paid by the payment date. Interest on cash advance is charged from the date of cash advance transaction. |
Credit Card |
All |
---|---|
Finance Charges |
Finance charge will be levied daily at applicable rate until balance has been repaid in full and will be added to the account on a monthly basis on statement date. Interest will not be charged on purchases (transactions effected at point of sales) if the whole outstanding balance shown on the statement is paid by the payment date. Interest on cash advance is charged from the date of cash advance transaction. |
Country | Country Code | Buying T.T | Buying D.D | Buying Notes | Selling T.T/ D.D/ Notes |
---|---|---|---|---|---|
Australia | AUD1 | 28.95 | 28.91 | 28.81 | 30.40 |
Canada | CAD1 | 32.60 | 32.45 | 32.29 | 34.23 |
China1 | CNY1 | 6.29 | 6.20 | ND | 6.60 |
Denmark | DKK1 | 6.41 | 6.40 | ND | 6.73 |
EU | EUR1 | 48.43 | 47.70 | 47.49 | 49.37 |
Hong Kong | HKD1 | 5.68 | 5.62 | 5.62 | 5.96 |
India1 | INR1 | 0.54 | 0.53 | ND | 0.56 |
Japan | JPY100 | 31.87 | 31.57 | ND | 33.30 |
New Zealand | NZD1 | 26.97 | 26.71 | ND | 28.31 |
Singapore | SGD1 | 32.87 | 32.63 | ND | 34.51 |
South Africa | ZAR1 | 2.25 | 2.22 | 2.23 | 2.36 |
Switzerland | CHF1 | 49.14 | 49.05 | ND | 51.60 |
U.A.E | AED1 | 12.14 | 12.02 | 11.96 | 12.68 |
U.S.A | USD1 | 45.10 | 44.54 | 44.43 | 45.99 |
U.K | GBP1 | 55.61 | 54.78 | 54.54 | 56.70 |
Country | Australia |
---|---|
Country Code | AUD1 |
Buying T.T | 28.95 |
Buying D.D | 28.91 |
Buying Notes | 28.81 |
Selling T.T/ D.D/ Notes | 30.40 |
Country | Canada |
Country Code | CAD1 |
Buying T.T | 32.60 |
Buying D.D | 32.45 |
Buying Notes | 32.29 |
Selling T.T/ D.D/ Notes | 34.23 |
Country | China1 |
Country Code | CNY1 |
Buying T.T | 6.29 |
Buying D.D | 6.20 |
Buying Notes | ND |
Selling T.T/ D.D/ Notes | 6.60 |
Country | Denmark |
Country Code | DKK1 |
Buying T.T | 6.41 |
Buying D.D | 6.40 |
Buying Notes | ND |
Selling T.T/ D.D/ Notes | 6.73 |
Country | EU |
Country Code | EUR1 |
Buying T.T | 48.43 |
Buying D.D | 47.70 |
Buying Notes | 47.49 |
Selling T.T/ D.D/ Notes | 49.37 |
Country | Hong Kong |
Country Code | HKD1 |
Buying T.T | 5.68 |
Buying D.D | 5.62 |
Buying Notes | 5.62 |
Selling T.T/ D.D/ Notes | 5.96 |
Country | India1 |
Country Code | INR1 |
Buying T.T | 0.54 |
Buying D.D | 0.53 |
Buying Notes | ND |
Selling T.T/ D.D/ Notes | 0.56 |
Country | Japan |
Country Code | JPY100 |
Buying T.T | 31.87 |
Buying D.D | 31.57 |
Buying Notes | ND |
Selling T.T/ D.D/ Notes | 33.30 |
Country | New Zealand |
Country Code | NZD1 |
Buying T.T | 26.97 |
Buying D.D | 26.71 |
Buying Notes | ND |
Selling T.T/ D.D/ Notes | 28.31 |
Country | Singapore |
Country Code | SGD1 |
Buying T.T | 32.87 |
Buying D.D | 32.63 |
Buying Notes | ND |
Selling T.T/ D.D/ Notes | 34.51 |
Country | South Africa |
Country Code | ZAR1 |
Buying T.T | 2.25 |
Buying D.D | 2.22 |
Buying Notes | 2.23 |
Selling T.T/ D.D/ Notes | 2.36 |
Country | Switzerland |
Country Code | CHF1 |
Buying T.T | 49.14 |
Buying D.D | 49.05 |
Buying Notes | ND |
Selling T.T/ D.D/ Notes | 51.60 |
Country | U.A.E |
Country Code | AED1 |
Buying T.T | 12.14 |
Buying D.D | 12.02 |
Buying Notes | 11.96 |
Selling T.T/ D.D/ Notes | 12.68 |
Country | U.S.A |
Country Code | USD1 |
Buying T.T | 45.10 |
Buying D.D | 44.54 |
Buying Notes | 44.43 |
Selling T.T/ D.D/ Notes | 45.99 |
Country | U.K |
Country Code | GBP1 |
Buying T.T | 55.61 |
Buying D.D | 54.78 |
Buying Notes | 54.54 |
Selling T.T/ D.D/ Notes | 56.70 |
Statement of Commitment to the FX Global Code
- The Hongkong and Shanghai Banking Corporation Limited has reviewed the FX Global Code ("the Code") and is committed to conducting FX market activities in a manner consistent with the principles of the Code.
- The Code is a common set of guidelines that promote a robust, fair, liquid, open and transparent market underpinned by high ethical standards. More information is available on this link.