ABC BANKING CORPORATION LTD

BANK OF MAURITIUS TEMPLATE ON FEES, CHARGES AND COMMISSIONS (As from 1 Oct 2024)

FEES & CHARGES – A – INTEREST RATES

 
Individuals
Corporates
Others
1. Deposits
Current
N/A
N/A
N/A
ABC Savings
3.15% p.a payable half yearly
N/A
N/A
ABC Junior
3.15% p.a+ 0.25% p.a. payable monthly
N/A
N/A
ABC Senior
3.15% p.a + 0.5% p.a., payable monthly
N/A
N/A
Call Deposit
N/A
N/A
N/A
Term (MUR)
3.40% p.a. to 5.50% p.a.
Available upon Request.
N/A
Term (FCY)
Rates are available upon request and will depend on amount, tenor, frequency of payment and market conditions prevailing.
Rates are available upon request and will depend on amount, tenor, frequency of payment and market conditions prevailing.
Rates are available upon request and will depend on amount, tenor, frequency of payment and market conditions prevailing.
2. Credit facilities (MUR)
Prime Lending Rate
7.65%p.a.
7.65%p.a.
N/A
Credit cards
N/A
N/A
N/A
Other credit facilities - margin over PLR - General range, subject to negociation
N/A
N/A
N/A
3. Credit facilities (FCY)
Margin over SOFR - General range, subject to negotiation
N/A
N/A
N/A

FEES & CHARGES – B – DEPOSITS

 
Individuals
Corporates
Others
1. ABC Savings Account
Minimum account opening balance
Rs 5000
N/A
N/A
Minimum credit balance to earn interest
Rs 5000
N/A
N/A
2. ABC Premier Account
Minimum account opening balance
Rs 10,000
N/A
N/A
Minimum credit balance to earn interest
Rs 10,000
N/A
N/A
3. ABC Junior Account
Minimum account opening balance
Rs 3,000
N/A
N/A
Minimum credit balance to earn interest
Rs 3,000
N/A
N/A
Monthly service charges if credit balance falls below minimum balance
No charge
N/A
N/A
4. ABC Senior 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
No charge
N/A
N/A
5. Current Account
Minimum account opening balance
Rs 10,000
Rs 50,000
N/A
Minimum interest earning balance
N/A
N/A
N/A
Cost of Cheque book
Rs 8 per sheet
Rs 25 per sheet for "customized" cheques
Rs 10 per sheet
Rs 25 per sheet for "customized" cheques
N/A
Monthly service charges
Rs 25 + VAT per month (if minimum balance of Rs 5,000 is not maintained)
Rs 200 + VAT per month
N/A
Dormancy Fee
Rs 100 per account on a monthly basis *1
Rs 200 per account on a monthly basis *
USD 50 per account or equivalent on a monthly basis*
6. Call Deposit Account (FCY)
Minimum balance
N/A
5,000 units (GBP, USD, EURO)
N/A
Minimum credit balance to earn interest
N/A
No interest payable
No interest payable
Monthly service charges
N/A
No charge
USD 50 or equivalent (Fees may vary subject to terms and conditions)
Minimum opening balance
5,000 units
N/A
USD 15,000 or equivalent
Charges on deposits and withdrawals of foreign currency notes in same currency
0.50% commission in lieu of exchange(minimum USD 15, maximum USD75, or equivalent). Subject to availability of notes upon withdrawal.
0.50% commission in lieu of exchange(minimum USD 15, maximum USD75, or equivalent). Subject to availability of notes upon withdrawal.
0.50% commission in lieu of exchange(minimum USD 15 or equivalent). Subject to availability of notes upon withdrawal.
Additional bank charges
Any bank charge claimed by overseas bank will be passed on to the customer's account
Any bank charge claimed by overseas bank will be passed on to the customer's account
N/A
7. Term deposits (MUR)
Minimum amount
Rs 50,000
Rs 100,000
N/A
Deposit withdrawn before maturity
At the discretion of the bank and subject to penalty
At the discretion of the bank and subject to penalty
N/A
If termination occurs within three months of the opening of the term deposit, no interest will be
payable. If termination occurs after 3 months: The applicable rate will be fixed at the contractual deposit rate less 2% or the prevailing savings rate whichever is lower for the whole period up to the date of redemption.
If termination occurs within three months of the opening of the term deposit, no interest will be
payable. If termination occurs after 3 months: The applicable rate will be fixed at the contractual deposit rate less 2% or the prevailing savings rate whichever is lower for the whole period up to the date of redemption.
N/A
8. Term deposits (FCY)
Minimum amount
USD 5,000
10,000 units
5,000 units
Closure fee
N/A
N/A
Deposit withdrawn before maturity
The penalty applicable will be determined at the time of the premature encashment and at the discretion of the bank and subject to prevailing interest and market conditions.
The penalty applicable will be determined at the time of the premature encashment and at the discretion of the bank and subject to prevailing interest and market conditions.
The penalty applicable will be determined at the time of the premature encashment and at the discretion of the bank and subject to prevailing interest and market conditions.
9. Foreign Currency Account
Minimum balance
Euro
5000 units
5000 units
Nil
Pound Sterling
5000 units
5000 units
Nil
US Dollar
5000 units
5000 units
Nil
Minimum credit balance to earn interest
N/A
N/A
N/A
Monthly service charges
No charge
No charge
No charge

FEES & CHARGES – C – CREDIT FACILITIES

 IndividualsCorporatesOthers
12. Credit Cards
Annual fee
N/A
N/A
N/A
Replacement of lost/stolen cards
N/A
N/A
N/A
Cash advance fee
N/A
N/A
N/A
Overlimit fee
N/A
N/A
N/A
13. Loans and advances
Processing fee
1% (minimum Rs 5,000)
1% (Min Rs 5000)
N/A
Arrangement fee
No charge
No charge
N/A
Amendment & Cancellation fee
Rs 500
Rs 500
N/A
Ledger fee
No charge
No charge
N/A
Commitment fee
No charge
0.5% p.a
N/A
Early redemption/prepayment fee
1% flat on all loans (excluding loans and advances under BPA and granted to an individual in Rs on or after 1st Jan 2014)
1% of outstanding amount
N/A
Valuation Survey & Report fee
As per valuer's fees
As per valuer's fees
N/A
Legal charges for creation of security documents - Fixed and Floating charges
As levied by registrar office
N/A
Registration Fixed/Floating Charges
As levied by registrar office
Fixed and Floating charges
As levied by registrar office + applicable legal fees
Gages sans deplacement
As levied by registrar office
As levied by registrar office
N/A
Erasure of charges
Govt fees + Rs 200 admin charge
Govt fees + Rs 200 admin charge
N/A
Search fees
Rs 100
Rs 500
N/A
14. Guarantees
Performance bonds
N/A
1% p.a. of amount minimum Rs 1,000
N/A
Tender/bid bonds
N/A
First 6 mths: 1% minimum Rs 600

Extra 3 mths: 0.25% minimum Rs 600
N/A
Advance payment bonds
N/A
1.00% p.a. minimum Rs 1,000
N/A
Retention money bonds / guarantees
N/A
1.00% p.a. minimum Rs 1,000
N/A
Shipping guarantee
N/A
First 2 months Rs 800
Each extra month Rs 300
N/A

FEES & CHARGES – D – GENERAL SERVICES

 
Individuals
Corporates
Others
15. Treasury Bills
Account opening fee
N/A
N/A
N/A
Transaction fee
0.25% with a minimum of MUR 1000 and a maximum of MUR 5000
0.25% with a minimum of MUR 1000 and a maximum of MUR 5000
N/A
16. Debit Cards
Annual fee
No charge
No charge
No charge
Re-issue of pin
No charge
No charge
No charge
Replacement of lost/stolen cards
Rs100 + VAT
Rs100 + VAT
USD 20 + VAT (15%) per card + Courier charges (where applicable)
ATM Withdrawal
ABC Banking ATM
No charge
No charge
No charge
Other bank's ATM
No charge
No charge
USD3
Balance inquiry
ABC Banking ATM
No charge
No charge
No charge
Other bank's ATM
Rs10
Rs10
USD1
Mark-up on foreign exchange transaction
3% for MasterCard Debit & 1.5% for UnionPay Cards
3% for MasterCard Debit & 1.5% for UnionPay Cards
5% plus other charges for MasterCard Debit & 3% plus other charges for UnionPay Cards
Cash advance fee
Rs250
Rs250
USD10
Quasi cash fee
Rs100
Rs100
USD10
17. Others
Statement
Original
No charge
No charge
Courier charges (where applicable)
Duplicate
Rs 50 +Rs25 per additional sheet
Rs 50 +Rs25 per additional sheet
USD 10 + Courrier fees where aplicable
Duplicate for period >3 years
Rs 50 +Rs25 per additional sheet
Rs 50 +Rs25 per additional sheet
USD 25 + Courrier fees where aplicable
Account Number Cards
Original
No charge
N/A
N/A
Chequebook
25, 50, 100 leaves
Rs 8 per sheet
Rs25 for "customized" cheques
Rs 10 per sheet
Rs25 for "customized" cheques
N/A
Stop Payments of Cheques
Rs 150 per request
Rs 150 per request
N/A
Inward Unpaid Cheques
Rs 25
Rs 25
N/A
Outward Unpaid Cheques
Rs 300
Rs 300
N/A
Special Clearing (min MUR 200,000)
Rs 250
Rs 250
N/A
Standing Instructions
Internal
Rs 8
Rs 8
No charge
Other Banks
Rs 30
Rs 30
Rs 300
Rejections
Rs 100
Rs 100
N/A
Direct Debit
Direct Debit (all types)
Rs 8
Rs 8
N/A
Unpaid Direct Debit
Rs 150
Rs 150
N/A
Salary processing (Payroll fee)
N/A
free to internal accounts
Rs 8 per item - to other local bank accounts (Manual & Internet Banking)
N/A
Banker's cheque
Banker's cheque issue
Same Day delivery Rs 300. Within 1-2 days Rs 200.
Same Day delivery Rs 300. Within 1-2 days Rs 200.
N/A
Banker's cheque cancellation / lost
Rs 100 (for lost cheque only)
Rs 100 (for lost cheque only)
N/A
Certificates
Certificate of Balance
Rs 200
Rs 200
USD 20 + Courier charges (where applicable)
Loan Certificate of Balance
Rs 100
Rs 200
N/A
Liability Certificate
Rs 200
Rs 200
N/A
Letter of Reference
Rs 500
Rs 500
USD 50 + Courier charges (where applicable)
Certificate of Overseas Travel
Rs 100
N/A
N/A
Certificate of Interest
Original
No charge
No charge
N/A
Rejection FeeDuplicate
Rs 100
Rs 100
N/A
Audit Confirmation Letters
Rs 500 to Rs 1,000 per Financial Year and depending on complexity of letter
Rs 1000
USD 50 + Courier charges (where applicable)
MACSS facility
Same Day
Rs 125
Rs 200
N/A
Through Internet Banking
Rs 75
Rs 75
Unauthorised Excess/Overdraft
Rs 1,000 Service fee & Penalty Rate of 5% above OD rate
Rs 1,000 Service fee & Penalty Rate of 5% above OD rate
N/A
Remittances
Special, one-fee fees may be aplicable for complex and/or high value transactions. The client will be advised when such cases arises.
OUTWARD:
Local currency account
Rs 300 + Overseas bank charges where applicable.
( Overseas bank charges depend on currency, amount and country of destination)
Rs 400 + Overseas bank charges where applicable.
( Overseas bank charges depend on currency, amount and country of destination)
N/A
Foreign currency account
Rs 300 or equivalent + Overseas bank charges where applicable.
( Overseas bank charges depend on currency, amount and country of destination)
Rs 400 or equivalent + Overseas bank charges where applicable.
( Overseas bank charges depend on currency, amount and country of destination)
N/A
Internet Banking fee
No charge
No charge
No charge
Safe Deposit Locker
N/A
N/A
N/A
Night Safe
N/A
N/A
N/A

* An account becomes dormant after 2 years of inactivity after a customer-induced transaction.

1 Applicable to Foreigner Non Residents Only.