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Tariff and Rates

Rates:

Deposits (Savings, Current and Call deposit account):

In Mauritian Rupees

In Foreign Currencies

Fixed Deposits:

In Mauritian Rupees

In Foreign Currencies

Loans and advances

Indicative Exchange Rates

 

Tariffs:

Retail Banking Tariff of Charges

Bank of Mauritius Template on Fees, Charges and Commissions 

Deposits (Savings, Current and Call deposit account)

In Mauritian Rupees

Effective date: 1 July 2022

Savings Account and Savings Plus Account
Interest rate is calculated based on different balance range as follows:
  • First Rs. 499, 999.99 - 0.25%
  • Rs. 500,000.00 to Rs. 999, 999.99 - 0.30%
  • Rs. 1,000,000.00 to Rs.1,999,999.99 - 0.35%
  • Rs. 2,000,000.00 and above - 0.40%
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.

Effective date: 1 July 2022

Savings Account and Savings Plus Account
 Current Account
Interest rate is calculated based on different balance range as follows:
  • First Rs. 499, 999.99 - 0.25%
  • Rs. 500,000.00 to Rs. 999, 999.99 - 0.30%
  • Rs. 1,000,000.00 to Rs.1,999,999.99 - 0.35%
  • Rs. 2,000,000.00 and above - 0.40%
 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:
  • First Rs. 499, 999.99 - 0.25%
  • Rs. 500,000.00 to Rs. 999, 999.99 - 0.30%
  • Rs. 1,000,000.00 to Rs.1,999,999.99 - 0.35%
  • Rs. 2,000,000.00 and above - 0.40%
 0.20% p.a.
Applicable for a minimum balance of Rs. 25,000.

In Foreign Currencies

Applicable for a minimum balance of 2,000 units

Effective date: 27 September 2022
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%

Applicable for a minimum balance of 2,000 units

Effective date: 27 September 2022
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: 20 September 2022

New And Renewal of Fixed Deposits

Interest rates per annum and payable at maturity
Deposit Amount
 MUR30,000 to MUR5M
 Above MUR5M- MUR10M
 Above MUR10M
12 months 0.45% 0.50% 0.55%
24 months 1.20% 1.25% 1.30%
36 months 1.40% 1.45% 1.50%
48 months 1.85% 1.90% 1.95%

New And Renewal of Fixed Deposits

Interest rates per annum and payable at maturity
Deposit Amount
 12 months
MUR30,000 to MUR5M
 0.45%
Above MUR5M- MUR10M
 0.50%
Above MUR10M
 0.55%
Deposit Amount
 24 months
MUR30,000 to MUR5M
 1.20%
Above MUR5M- MUR10M
 1.25%
Above MUR10M
 1.30%
Deposit Amount
 36 months
MUR30,000 to MUR5M
 1.40%
Above MUR5M- MUR10M
 1.45%
Above MUR10M
 1.50%
Deposit Amount
 48 months
MUR30,000 to MUR5M
 1.85%
Above MUR5M- MUR10M
 1.90%
Above MUR10M
 1.95%

Renewal Fixed Deposit

Interest rate per annum
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%
 0.45%
37 months 0.00%
 0.00%
 1.40%
60 months 1.50% 1.55% 2.00%

Renewal Fixed Deposit

Interest rate per annum
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

 

 0.45%
Period
 37 months

Interest payable monthly

 0.00%

Interest payable quarterly

 0.00%

Interest payable at maturity

 

 1.40%
Period
 60 months

Interest payable monthly

 1.50%

Interest payable quarterly

 1.55%

Interest payable at maturity

 

 2.00%

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

Applicable for minimum balance as follows:

AUD and CAD 15,000 units 
HKD, CNY and ZAR 30,000 units

Applicable for minimum balance as follows:

AUD and CAD HKD, CNY and ZAR
15,000 units  30,000 units

Effective date: 27 September 2022

Foreign Currency Abbreviation
 3 months 6 months 12 months
US Dollars* USD 2.30% 2.80% 3.15%
Pound Sterling  GBP 1.25% 1.90% 2.50%
Canadian Dollar CAD 2.00% 2.25% 2.50%
Hong Kong Dollar HKD 0.80% 1.50% 2.10%
Chinese Yuan CNY 0.95% 1.00% 1.25%
Australian Dollar AUD 1.10% 2.25% 2.50%
South African Rand ZAR 3.00% 4.00% 5.00%

Effective date: 27 September 2022

Foreign Currency US Dollars*
Abbreviation
 USD
3 months 2.30%
6 months 2.80%
12 months 3.15%
Foreign Currency Pound Sterling 
Abbreviation
 GBP
3 months 1.25%
6 months 1.90%
12 months 2.50%
Foreign Currency Canadian Dollar
Abbreviation
 CAD
3 months 2.00%
6 months 2.25%
12 months 2.50%
Foreign Currency Hong Kong Dollar
Abbreviation
 HKD
3 months 0.80%
6 months 1.50%
12 months 2.10%
Foreign Currency Chinese Yuan
Abbreviation
 CNY
3 months 0.95%
6 months 1.00%
12 months 1.25%
Foreign Currency Australian Dollar
Abbreviation
 AUD
3 months 1.10%
6 months 2.25%
12 months 2.50%
Foreign Currency South African Rand
Abbreviation
 ZAR
3 months 3.00%
6 months 4.00%
12 months 5.00%

*USD Interest rates applicable depending on deposit amount

USD Rates
 3 months
 6 months
 12 months
USD10,000 to USD50,000
 2.30% 2.80% 3.15%
Above USD50,000 to USD100,000
 2.35% 2.85% 3.20%
Above USD100,000
 2.40% 2.90% 3.25%

*USD Interest rates applicable depending on deposit amount

USD Rates
 USD10,000 to USD50,000
3 months
 2.30%
6 months
 2.80%
12 months
 3.15%
USD Rates
 Above USD50,000 to USD100,000
3 months
 2.35%
6 months
 2.85%
12 months
 3.20%
USD Rates
 Above USD100,000
3 months
 2.40%
6 months
 2.90%
12 months
 3.25%

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.
Find out more on deposits go to bank account page

Loans and advances

BLR&KRR

Base Lending Rate (BLR)

Effective 01 July 2022

 4.80% p.a.

Bank of Mauritius Key Repo Rate (KRR)

Effective 28 September 2022

 3.00% p.a.

BLR&KRR

Base Lending Rate (BLR)

Effective 01 July 2022

Bank of Mauritius Key Repo Rate (KRR)

Effective 28 September 2022
4.80% p.a.
 3.00% p.a.

Above rates are subject to fluctuation time to time.

Loans

Details on applicable rates

Loans
 Rates
Home Loan
  • Home loan rates are quoted at BLR + margin. The applicable rate will be indicated on the Facility Offer Letter. Interest will be calculated on the daily outstanding balance and is payable monthly in arrears.
  • Periodic (generally monthly) instalments comprise of an interest payment and capital repayment, with interest portion reducing as the outstanding loan amount reduces.
  • The instalment amount may vary as the interest rate on the loan changes, if there is a change in the benchmark used- BLR. The instalment amount will increase if the rate increases or reduces if the rate decreases.
  • Penalty interest rate may be applicable if loan commitments are not met. Please refer to the terms in the facility offer letter.
Personal Loan
  • Personal loan rates are quoted at KRR/BLR + margin. The applicable rate will be indicated on the Facility Offer Letter. Interest will be calculated on the daily outstanding balance and is payable monthly in arrears.
  • Periodic (generally monthly) instalments comprise of an interest payment and capital repayment, with interest portion reducing as the outstanding loan amount reduces.
  • The instalment amount may vary as the interest rate on the loan changes, if there is a change in the benchmark used- KRR/BLR. The instalment amount increases if the rate increases or reduces if the rate decreases.
  • Penalty interest rate may be applicable if loan commitments are not met. Please refer to the terms in the facility offer letter.
Overdraft Facility
  • Overdraft facility rates are quoted at KRR/BLR + margin. The applicable rate will be indicated on the Facility Offer Letter.
  • Interest is calculated on daily basis on outstanding balance at applicable rate of interest.

Details on applicable rates

Loans
 Home Loan
Rates
  • Home loan rates are quoted at BLR + margin. The applicable rate will be indicated on the Facility Offer Letter. Interest will be calculated on the daily outstanding balance and is payable monthly in arrears.
  • Periodic (generally monthly) instalments comprise of an interest payment and capital repayment, with interest portion reducing as the outstanding loan amount reduces.
  • The instalment amount may vary as the interest rate on the loan changes, if there is a change in the benchmark used- BLR. The instalment amount will increase if the rate increases or reduces if the rate decreases.
  • Penalty interest rate may be applicable if loan commitments are not met. Please refer to the terms in the facility offer letter.
Loans
 Personal Loan
Rates
  • Personal loan rates are quoted at KRR/BLR + margin. The applicable rate will be indicated on the Facility Offer Letter. Interest will be calculated on the daily outstanding balance and is payable monthly in arrears.
  • Periodic (generally monthly) instalments comprise of an interest payment and capital repayment, with interest portion reducing as the outstanding loan amount reduces.
  • The instalment amount may vary as the interest rate on the loan changes, if there is a change in the benchmark used- KRR/BLR. The instalment amount increases if the rate increases or reduces if the rate decreases.
  • Penalty interest rate may be applicable if loan commitments are not met. Please refer to the terms in the facility offer letter.
Loans
 Overdraft Facility
Rates
  • Overdraft facility rates are quoted at KRR/BLR + margin. The applicable rate will be indicated on the Facility Offer Letter.
  • Interest is calculated on daily basis on outstanding balance at applicable rate of interest.
Find out more about loans go to loans page

Credit card finance charges

Effective 28 April 2020

Credit Card
 Finance Charges
All
  • 1.70% per month for Gold and Platinum credit card
  • 1.75% per month for Classic credit card

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.

Effective 28 April 2020

Credit Card
 All
Finance Charges
  • 1.70% per month for Gold and Platinum credit card
  • 1.75% per month for Classic credit card

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.
Find out more about credit cards go to credit cards page

Indicative exchange rates:

04 October 2022

Please note that below rates are applicable for amount less than Rs.700,000 or equivalent
Country Country Code Buying T.T Buying D.D Buying Notes Selling T.T/ D.D/ Notes
Australia AUD1 28.57 28.53 28.44 30.00
Canada CAD1 32.37 32.22 32.07 33.99
China2 CNY1 6.21 6.13 ND 6.52
Denmark DKK1 5.83 5.82 ND 6.12
EU EUR1 43.95 43.30 43.11 44.81
Hong Kong HKD1 5.61 5.55 5.55 5.89
India2 INR1 0.54 0.53 ND 0.57
Japan JPY100 30.49 30.20 ND 31.86
New Zealand NZD1 25.18 24.94 ND 26.44
Singapore SGD1 30.80 30.58 ND 32.34
South Africa ZAR1 2.47 2.44 2.45 2.60
Switzerland CHF1 44.46 44.38 ND 46.68
U.A.E AED1 12.01 11.90 11.84 12.55
U.S.A USD1 44.65 44.11 44.00 45.541
U.K GBP1 50.54 49.79 49.57 51.53

04 October 2022

Please note that below rates are applicable for amount less than Rs.700,000 or equivalent
Country Australia
Country Code AUD1
Buying T.T 28.57
Buying D.D 28.53
Buying Notes 28.44
Selling T.T/ D.D/ Notes
 30.00
Country Canada
Country Code CAD1
Buying T.T 32.37
Buying D.D 32.22
Buying Notes 32.07
Selling T.T/ D.D/ Notes
 33.99
Country China2
Country Code CNY1
Buying T.T 6.21
Buying D.D 6.13
Buying Notes ND
Selling T.T/ D.D/ Notes
 6.52
Country Denmark
Country Code DKK1
Buying T.T 5.83
Buying D.D 5.82
Buying Notes ND
Selling T.T/ D.D/ Notes
 6.12
Country EU
Country Code EUR1
Buying T.T 43.95
Buying D.D 43.30
Buying Notes 43.11
Selling T.T/ D.D/ Notes
 44.81
Country Hong Kong
Country Code HKD1
Buying T.T 5.61
Buying D.D 5.55
Buying Notes 5.55
Selling T.T/ D.D/ Notes
 5.89
Country India2
Country Code INR1
Buying T.T 0.54
Buying D.D 0.53
Buying Notes ND
Selling T.T/ D.D/ Notes
 0.57
Country Japan
Country Code JPY100
Buying T.T 30.49
Buying D.D 30.20
Buying Notes ND
Selling T.T/ D.D/ Notes
 31.86
Country New Zealand
Country Code NZD1
Buying T.T 25.18
Buying D.D 24.94
Buying Notes ND
Selling T.T/ D.D/ Notes
 26.44
Country Singapore
Country Code SGD1
Buying T.T 30.80
Buying D.D 30.58
Buying Notes ND
Selling T.T/ D.D/ Notes
 32.34
Country South Africa
Country Code ZAR1
Buying T.T 2.47
Buying D.D 2.44
Buying Notes 2.45
Selling T.T/ D.D/ Notes
 2.60
Country Switzerland
Country Code CHF1
Buying T.T 44.46
Buying D.D 44.38
Buying Notes ND
Selling T.T/ D.D/ Notes
 46.68
Country U.A.E
Country Code AED1
Buying T.T 12.01
Buying D.D 11.90
Buying Notes 11.84
Selling T.T/ D.D/ Notes
 12.55
Country U.S.A
Country Code USD1
Buying T.T 44.65
Buying D.D 44.11
Buying Notes 44.00
Selling T.T/ D.D/ Notes
 45.541
Country U.K
Country Code GBP1
Buying T.T 50.54
Buying D.D 49.79
Buying Notes 49.57
Selling T.T/ D.D/ Notes
 51.53

1USD Selling Notes 45.75

2No dealings in Buying rates

No dealing in Notes  for the following currencies:

  • Danish Krone
  • Japanese Yen
  • New Zealand Dollar
  • Singapore Dollar
  • Swiss Franc

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.

Tariffs

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