SBI  (Mauritius) Ltd

Statement of Principal Interest Rates and Service Charges

For domestic operations

 

 

 

 

 

 

 

Individuals

Corporates

Others

 

 

 

 

 

A

INTEREST RATES

 

 

 

 

 

 

 

 

1

             DEPOSITS

 

 

 

 

Ø      Savings

4.00 % p.a.

4.00 % p.a.

4.00 % p.a.

 

Ø      Call

N/A

N/A

N/A

 

Ø      Term (MUR)

From 4.00% p.a. to 7.00% p.a.

From 4.00% p.a. to 7.00% p.a.

From 4.00% p.a. to 7.00% p.a.

 

Ø      Term (FCY)

 

 

 

 

·        USD

From 0.15% p.a. to 2.65% p.a.

From 0.15% p.a. to 2.65% p.a.

From 0.15% p.a. to 2.65% p.a.

 

·        GBP

From 0.25% p.a. to 3.15% p.a.

From 0.25% p.a. to 3.15% p.a.

From 0.25% p.a. to 3.15% p.a.

 

·        EUR

From 0.15% p.a. to 3.10% p.a.

From 0.15% p.a. to 3.10% p.a.

From 0.15% p.a. to 3.10% p.a.

 

 

 

 

 

2

            Credit facilities (MUR)

 

 

 

 

Ø      Prime Lending Rate

7.75 % p.a.

7.75 % p.a.

7.75 % p.a.

 

Ø      Credit Cards

N/A

N/A

N/A

 

Ø      Other credit facilities – margin over SBI PLR

PLR – 0.50% to PLR + 6.25%

PLR – 0.50% to PLR + 6.25%

PLR – 0.50% to PLR + 6.25%

 

 

 

 

 

3

            Credit facilities (FCY)

 

 

 

 

Ø      Margin over LIBOR

From Libor + 100bps to Libor + 500 bps

From Libor + 100bps to Libor + 500 bps

From Libor + 100bps to Libor + 500 bps

 

 

 

 

 

 

 

 

 

 

B

            DEPOSITS

 

 

 

 

 

 

 

 

4

            Savings Account

 

 

 

 

Ø      Minimum account opening balance (ordinary)

1000

1000

1000

 

Ø      Minimum credit balance to earn interest

1000

1000

1000

 

Ø      Minimum account opening balance (with cheque book)

1000

1000

1000

 

Ø      Minimum credit balance to earn interest with cheque book

5,000

5,000

5,000

 

Ø      Monthly service charges if credit balance falls below minimum balance

N/A

N/A

N/A

 

 

 

 

 

5

            Current Account

 

 

 

 

Ø      Minimum account opening balance

5,000

5,000

5,000

 

Ø      Cost of cheque book

Rs 3 per leaf

Rs3 per leaf

Rs3 per leaf

 

Ø      Monthly service charges

N/A

N/A

N/A

 

Half yearly ledger fee (as at end June & December) 1-50 entries, other than Savings Bank A/Cs. 

Each additional block of 50 entries

 

Rs 300 + VAT

 

N/A

 

Rs 300 + VAT

 

N/A

 

Rs 300+VAT

 

N/A

 

 

 

 

 

6

            Call Deposit Account

 

 

 

 

Ø      Minimum balance

N/A

N/A

N/A

 

Ø      Minimum credit balance to earn interest

N/A

N/A

N/A

 

Ø      Monthly service charges

N/A

N/A

N/A

 

 

 

 

 

7

            Term deposits (MUR)

 

 

 

 

Ø      Minimum amount

50,000

50,000

50,000

 

Ø      Deposit withdrawn before maturity

Int payable applicable for period deposit actually run less 1%

Int payable applicable for period deposit actually run less 1%

Int payable applicable for period deposit actually run less 1%

 

 

 

 

 

8

Term deposits (FCY)

 

 

 

 

Ø      Minimum amount

USD 2,000

USD 2,000

USD 2,000

 

Ø      Deposit withdrawn before maturity

Int Penal of 1% depending on period of deposit

Int Penal of 1% depending on period of deposit

Int Penal of 1% depending on period of deposit

 

 

 

 

 

9

            Foreign Currency Account

 

 

 

 

Ø      Minimum Balance

 

 

 

 

·        Euro

500

500

500

 

·        Pound Sterling

500

500

500

 

·        US Dollar

500

500

500

 

Ø      Minimum Credit balance to earn interest

 

 

 

 

·        Euro

500

500

500

 

·        Pound Sterling

500

500

500

 

·        US Dollar

500

500

500

 

Ø      Monthly service charges

NIL

Up to USD 50 per quarter

Up to USD 50 per quarter

 

 

 

 

 

C

            CREDIT FACILITIES

 

 

 

 

 

 

 

 

10

            Credit Cards

 

 

 

 

Ø      Annual fee

N/A

N/A

N/A

 

Ø      Replacement of lost/stolen cards

N/A

N/A

N/A

 

Ø      Cash advance fee

N/A

N/A

N/A

 

Ø      Overlimit fee

N/A

N/A

N/A

 

 

 

 

 

11

           Loans and Advances

 

 

 

 

Ø      Processing fee

 

 

Renewal Fee

 

 

 

 

 

 

 

For Business Loans

One –Time Upfront Fee

1% of the facility (Min – Rs1000)

Half of the normal processing fee (Min 500 and Maximum 10,000 (except against cash securities)

 

 

1% of the loan amount (Min Rs 2,000)

0.50% of the facility (Min. Rs2000)

Half of the normal processing fee (Min 500 and Maximum 10,000 (except against cash securities)

 

1% of the loan amount (Min Rs 2,000)

 

 

 

 

 

Ø      Arrangement fee

N/A

N/A

N/A

 

Ø      (Ledger fee) Half yearly service charges for loan

500 + Vat

500 + Vat

N/A

 

Ø      Commitment fee payable quarterly after three months of sanction on undrawn balance

1 % p.a

1% p.a

N/A

 

Ø      Early redemption/prepayment fee (calculated on the residual tenor of the loan)

1% p.a or as per sanction terms

1% p.a or as per sanction terms

N/A

 

Ø      Valuation fee

Rs 1,000 + Valuer’s fee (Min Rs1,500)

 Rs 1,000 + Valuer’s fee (Min Rs1,500)

 

 

Ø      Legal charges for creation of security documents

 

 

 

 

·        Fixed/Floating Charges

Rs 600

Rs 750

N/A

 

·        Gages sans deplacement

 

 

 

 

·        Erasure of charges/ceding Paari Passu/Priority/Substitution

(Registration fee separately charged on actual basis)

Rs 200

 

Rs 500

N/A

 

 

 

 

 

12

            Guarantees

 

 

 

 

Ø      Performance bonds

1.25% p.a Min:750

1.25% p.a Min:750

N/A

 

Ø      Tender/bid bonds

(I)                 (for 1st six months)

(II)              (each add. Period of 3 mths or part thereof)     

(III)            Guarantees to customs & Govt Bodies covering payment of cheques                                              

 

1% p.a Min:750

¼% p.a Min:750

 

1% p.a Min:750

 

1% p.a Min:750

¼% p.a Min:750

 

1% p.a Min:750

 

N/A

N/A

 

N/A

 

Ø      Advance payment bonds

0.50% for every quarter or part thereof (Min:750)

0.50% for every quarter or part thereof (Min:750)

N/A

 

Ø      Retention money bonds/guarantees

N/A

N/A

N/A

 

Ø      Shipping guarantees – (Covering a missing Bill of Lading/AWB)

(i)             if against a Letter of Credit issued by the Bank

(a)    For the lst two months

(b)   For each additional period of one month

(ii) if against a Collection Bill (for lst month only)

 

 

Min: Rs 750

 

Min: Rs 500

 

 

Min: Rs 1,000

 

 

Min: Rs 750

 

Min: Rs 500

 

 

Min: Rs 1,000

 

 

 

 

 

 

 

N/A

 

 

 

 

 

D

            GENERAL SERVICES

 

 

 

 

 

 

 

 

13

            Treasury Bills

 

 

 

 

Ø      Account opening fee

N/A

N/A

N/A

 

Ø      Transaction fee

N/A

N/A

N/A

 

 

 

 

 

14

      Debit Cards

 

 

 

 

Ø      Annual fee

N/A

N/A

N/A

 

Ø      Replacement of lost/stolen and damaged card

100

100

N/A

 

Ø      Withdrawals

 

 

 

 

·        SBI ATM

Free

Free

N/A

 

·        Other bank’s ATM

Rs 50 per transaction

Rs 50 per transaction

N/A

 

·        Overseas

Rs 75 per transaction

Rs 75 per transaction

N/A

 

 

 

 

 

15

      Others

 

 

 

 

     Telegraphic transfer (Excluding Telex 

     Charge of Rs175-)        

 

 

 

 

    (i) Personal

300

N/A

N/A

 

    (ii) Education (No telex charge)

200

N/A

N/A

 

    (iii) Commercial

400

400

N/A

 

Ø      MACSS facility

100

100

N/A

 

Ø      Audit confirmation certificate

Rs 1,000

Rs 1,000

N/A

 

Ø      Testimonial  fee

500

500

N/A

 

Ø      Letter of reference

100

100

N/A

 

Ø      Payroll fee

Free

Free

Free

 

Ø      Internet banking fee

Free

Free

Free

 

Ø      Duplicate statement of account

Rs 25 per sheet

Rs 25 per sheet

Rs 25 per sheet

 

Ø      Standing Instructions

20

20

20

 

·        Internal transfer

Free

Free

Free

 

·        Transfer to other banks (swift)

Rs 100

Rs 100

Rs 100

 

Ø      Direct debit for water, electricity and Telephone Bills and other utility companies

Ø      Unpaid direct debit due to lack of funds

 

Free

 

Rs 100

 

Free

 

Rs 100

 

Free

 

Rs 100

 

Ø      Purchase of foreign cheques/bank drafts

Rs 200

Rs 300

Rs 200

 

Ø