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Bank of Mauritius Template on Fees, Charges and Commissions
 
 

  Bank of Mauritius Template on Fees, Charges and Commissions   
 
 
AFRASIA BANK LIMITED
Statement of Principal Interest Rates and Service Charges 1  (Updated on 05 Nov 08)
For domestic operations
           
      Individuals Corporates Others
   
A   INTEREST RATES      
1   Deposits      
  • Savings 5.75 - 7.75% 5.75 - 7.75% n/a
  • Call n/a  7.25% n/a
  • Term (MUR) 6.90 - 11%  6.90 - 11%  n/a 
  • Term (FCY) USD  0.05 - 2.85% 0.05 - 2.85% n/a
    Term (FCY) EUR  2.85 - 4.50% 2.85 - 4.50% n/a
2   Credit facilities (MUR)      
  • Prime Lending Rate 9.50% 9.50% n/a
  • Credit cards - Titanium 20% p.a n/a  n/a
    Credit cards - Gold 24% p.a n/a  n/a
  • Other credit facilities - margin over PLR - General range, subject to negociation  - 0.5% to 6%  - 0.5% to 6% n/a
3   Credit facilities (FCY)      
  • Margin over LIBOR - General range, subject to negociation 0.65% - 4% 0.65% - 4% n/a
   
B   DEPOSITS      
4   Savings Account      
  • Minimum account opening balance MUR 10,000 MUR10,000  n/a 
  • Minimum credit balance to earn interest MUR 10,000 MUR 10,000 n/a 
  • Monthly service charges if credit balance falls below minimum balance free free n/a 
5   Current Account      
  • Minimum account opening balance MUR 10,000 MUR 10,000 n/a 
  • Cost of cheque book Free for the first 25 leaves per month. MUR 2.50 per leaf n/a 
  • Monthly service charges MUR 0.60+ VAT per transaction,                           min MUR 100+ VAT MUR 0.60+ VAT per transaction,                           min MUR 100+ VAT n/a 
6   Call Deposit Account      
  • Minimum balance n/a no minimum N/A
  • Minimum credit balance to earn interest n/a MUR 2,000,000 N/A
  • Monthly service charges n/a n/a  N/A
7   Term deposits (MUR)      
  • Minimum amount MUR 200,000 MUR 200,000 n/a
  • Deposit withdrawn before maturity No interest if withdrawn within three months of date of deposit No interest if withdrawn within three months of date of deposit n/a
      After 3 months of date of deposit : Difference between the prevailing rate for a similar deposit less the contract interest rate calculated on the remaining tenor of the deposit or 1% flat whichever is the higher. After 3 months of date of deposit : Difference between the prevailing rate for a similar deposit less the contract interest rate calculated on the remaining tenor of the deposit or 1% flat whichever is the higher. n/a 
8   Term deposits (FCY)      
  • Minimum amount USD 10,000 equivalent USD 10,000 equivalent n/a 
  • Deposit withdrawn before maturity No interest if withdrawn within three months of date of deposit No interest if withdrawn within three months of date of deposit n/a 
      After 3 months of date of deposit : Difference between the prevailing rate for a similar deposit less the contract interest rate calculated on the remaining tenor of the deposit or 1% flat whichever is the higher. After 3 months of date of deposit : Difference between the prevailing rate for a similar deposit less the contract interest rate calculated on the remaining tenor of the deposit or 1% flat whichever is the higher. n/a 
9   Foreign Currency Account      
  • Minimum balance      
    • Euro Equivalent to USD 2,000 Equivalent to USD 2,000  
    • Pound Sterling  
    • US Dollar n/a 
  • Minimum credit balance to earn interest USD 2,000 equivalent  USD 2,000 equivalent n/a 
  • Monthly service charges free free n/a 
   
C   CREDIT FACILITIES      
10   Credit Cards - Titanium      
  • Annual fee MUR 2,400 + vat p.a  n/a  n/a
  • Replacement of lost/stolen cards MUR 500 + vat n/a  n/a
  • Cash advance fee 2% of amount withdrawn (Min MUR 100) n/a  n/a
  • Overlimit fee MUR 200 n/a  n/a
           
    Credit Cards - Gold      
  • Annual fee MUR 700 + vat p.a  n/a  n/a
  • Replacement of lost/stolen cards MUR 300 + vat n/a  n/a
  • Cash advance fee 2% of amount withdrawn (Min MUR 100) n/a  n/a
  • Overlimit fee MUR 200 n/a  n/a
11   Loans and advances      
  • Processing fee 1% of the facility                            ( min MUR 1,000 Max MUR 25,000) 1% of the facility                    ( min MUR 1,000 Max MUR 25,000) n/a 
  • Arrangement fee n/a  As per sanction letter- From 0.5-1.5% n/a 
  • Ledger fee free free n/a 
  • Commitment fee free As per sanction letter- Max 1% n/a 
  • Early redemption/prepayment fee free Up to facility of MUR 5.0M (1% p.a) or as per sanction terms n/a 
  • Valuation Survey & Report fee As per valuer's fees depending on projects As per valuer's fees depending on projects  
  • Legal charges for creation of security documents      
    ·    Fixed/Floating Charges MUR 1,000 - 50,000 MUR 1,000 - 50,000 n/a 
    ·    Gages sans deplacement MUR 1,000 - 50,000 MUR 1,000 - 50,000 n/a 
    ·    Erasure of charges MUR 200 MUR 200 n/a 
12   Guarantees      
  • Performance bonds n/a 1.2% p.a min MUR 500 n/a
  • Tender/bid bonds n/a 1% flat for first 6 months (Min MUR 500) n/a
  • Advance payment bonds n/a 1% p.a. (Min MUR 500) n/a
  • Retention money bonds / guarantees n/a 1.75% p.a. (Min MUR 500) n/a
  • Shipping guarantee n/a  1.5% p.a. (Min MUR 500) n/a
   
D   GENERAL SERVICES      
13   Treasury Bills      
  • Account opening fee n/a n/a n/a
  • Transaction fee n/a n/a n/a
14   Debit Cards      
  • Annual fee n/a n/a n/a
  • Replacement of lost/stolen cards n/a n/a n/a
  • Withdrawals n/a n/a n/a
    ·    Bank’s ATM n/a n/a n/a
    ·    Other bank's ATM n/a n/a n/a
    ·    Overseas n/a n/a n/a
15   Others      
  • Telegraphic transfer - Outward MUR 300 + any other bank charges where applicable MUR 300 + any other bank charges where applicable n/a
  • MACSS facility MUR 100 MUR 100 n/a
  • Audit confirmation certificate MUR 500 MUR 500 n/a
  • Testimonial/Banker’s reference fee MUR 100 MUR 1,000 n/a
  • Letter of reference free free n/a
  • Payroll fee n/a Rs100 per diskette/ Rs5 per item if manual   
  • Internet banking fee free for both view and transact. free for both view and transact. n/a
  • Duplicate statement of account Free Free  
  • Standing Instructions      
    ·    Internal transfer Free Free n/a
    ·    Transfer to other banks In clien's name (free+ MACSS transfer) Third party (MUR 25) In clien's name (MUR 25) Third Party (MUR 25) n/a
  • Direct debit n/a n/a n/a
  • Purchase of foreign cheques/bank drafts MUR 100 + overseas bank charges where applicable  MUR 100 + overseas bank charges where applicable  n/a
  • Office cheque issuance MUR 100 MUR 100 n/a
  • Cheque book facility Free for the first 25 leaves per month MUR 2.50 per leaf n/a
  • Cheque returned      
    ·    Inward n/a MUR 25 n/a
    ·    Outward MUR 100 MUR 100 n/a
  • Stop payment orders MUR 100 MUR 100 n/a
  • Safe deposit lockers n/a n/a n/a
  • Night safe n/a n/a n/a
 
 
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