Statement of Principal Interest Rates and Service Charges (Last Updated on 23.08.2016)

For domestic operations

Individuals Corporates Others
A.   INTEREST RATES      
DEPOSITS      
Savings (Ordinary) 2.35% (payable half yearly at end of June & December) No interest N/A
Term (MUR)   :  FIXED DEPOSITS
   (Interest Rates applicable for deposits not exceeding MUR 1.00 Mio to Corporate and Retail Customers)
     
   Floating Rates

   (Min. Amt. For Term Deposits: MUR 25,000/-)
Period
12 Months
24 Months
36 Months
48 Months
60 Months
Monthly (%p.a)
SB + 0.18
SB + 0.38
SB + 0.58
SB + 0.73
SB + 0.88
Quarterly (%p.a)
SB + 0.20
SB + 0.40
SB + 0.60
SB + 0.75
SB + 0.90
Yearly (%p.a)
SB + 0.22
SB + 0.43
SB + 0.63
SB + 0.78
SB + 0.94
Maturity (%p.a)
SB + 0.22
SB + 0.46
SB + 0.72
SB + 0.93
SB + 1.16
   Fixed Rates


   (Min. Amt. For Term Deposits: MUR 25,000/-)
Period
12 Months
24 Months
36 Months
Monthly (%p.a)
2.43
2.53
2.63
Quarterly (%p.a)
2.45
2.55
2.65
Yearly (%p.a)
2.47
2.57
2.67
Maturity (%p.a)
2.47
2.61
2.75
Individuals Corporates Others
Term (Foreign Currency)      
Term (FCY) As per card rates / Negotiable, based on Market conditions amount and tenor. As per card rates / Negotiable, based on Market conditions amount and tenor. As per card rates / Negotiable, based on Market conditions amount and tenor.
Credit Facilities (MUR)      
Prime Lending Rate (PLR) Currently 6.75% p.a Currently 6.75% p.a Currently 6.75% p.a
Credit Cards N/A N/A N/A
Credit Facilities (FCY)      
Margin over LIBOR / EURIBOR On merits of each case after detailed appraisal On merits of each case after detailed appraisal On merits of each case after detailed appraisal
Individuals Corporates Others
B.   DEPOSITS      
SAVINGS ACCOUNT(Local Currency)      
Min. A/c opening balance MUR 1000 N/A MUR 1000
Min. interest bearing balance Without Cheque Book Facility - MUR 1000
With Cheque Book Facility - MUR 5000
(No interest is payable for the month if more than 12 debits are done in a month excluding ATM/INB/POS Transactions)
No interest payable Without Cheque Book Facility - MUR 1000
With Cheque Book Facility - MUR 5000
(No interest is payable for the month if more than 12 debits are done in a month excluding ATM/INB/POS Transactions)
Monthly service charge Free N/A Free
Issuance and Updation of Passbook Free Free Free
Statement of Accounts Over the Counter: MUR 25 per page
Through Internet Banking: Free
Over the Counter: MUR 25 per page
Through Internet Banking: Free
Over the Counter: MUR 25 per page
Through Internet Banking: Free
Foreign Currency Savings Account      
Min. A/c opening balance 1,000 in respective currency 1,000 in respective currency 1,000 in respective currency
Min. interest bearing balance 1,000 in respective currency 1,000 in respective currency 1,000 in respective currency
Statement of Accounts Over the Counter: MUR 25 per page
Through Internet Banking: Free
Over the Counter: MUR 25 per page
Through Internet Banking: Free
Over the Counter: MUR 25 per page
Through Internet Banking: Free
TERM DEPOSIT (MUR)      
Min. A/c opening balance MUR 25000 MUR 25000 MUR 25000
Deposit withdrawn before maturity 1 % below applicable rate for actual run period. However, if deposit is pre-maturely withdrawn before 1 year from date of creation of Term Deposit, no interest is payable. 1 % below applicable rate for actual run period. However, if deposit is pre-maturely withdrawn before 1 year from date of creation of Term Deposit, no interest is payable. 1 % below applicable rate for actual run period. However, if deposit is pre-maturely withdrawn before 1 year from date of creation of Term Deposit, no interest is payable.
TERM DEPOSIT (FOREIGN CURRENCY)      
Period of deposit 1 wk to 5 yrs - Depending upon market conditions 1 wk to 5 yrs - Depending upon market conditions 1 wk to 5 yrs - Depending upon market conditions
Min. deposit 1,000 in respective currency 2000 in respective currency 2000 in respective currency
Interest rate Negotiable, based on market conditions amount and tenor Negotiable, based on market conditions amount and tenor Negotiable, based on market conditions amount and tenor
Deposits withdrawn before maturity Penalty of 1% on the entire payable amount Penal of 1% depending on period of deposit Penal of 1% depending on period of deposit
CURRENT ACCOUNT or OVERDRAFT ACCOUNT (Local Currency)      
Min. A/c opening balance MUR 5000 MUR 5000 MUR 5000
Min. interest bearing balance No interest payable No interest payable No interest payable
Ledger Fees: (i) Upto 50 entries per month MUR 50 + VAT per month MUR 50 + VAT per month MUR 50 + VAT per month
Ledger Fees: (ii) Beyond 50 entries per month MUR 50 + VAT per month To be charged on a case to case basis To be charged on a case to case basis
CURRENT ACCOUNT or OVERDRAFT ACCOUNT (Foreign Currency)      
Min. A/c opening balance 1,000 in respective currency 1,000 in respective currency 1,000 in respective currency
Min. interest bearing balance No interest payable No interest payable No interest payable
Ledger Charges Monthly USD 1 + VAT or equivalent Monthly USD 1.50 + VAT or equivalent Monthly USD 1.50 + VAT or equivalent
Individuals Corporates Others
C.   CREDIT FACILITIES
RETAIL LOANS      
SBIML Prime Lending Rate (PLR) Currently 6.75 % p.a Currently 6.75 % p.a Currently 6.75 % p.a
MCIB fees MUR 100 for each Applicant or Guarantor N/A MUR 100 for each Applicant or Guarantor
Search fee at Mortgage Office, ROC MUR 300 for each search N/A MUR 300 for each search
Loan Processing Charges:
a. Loans secured by mortgage / other tangible assets
b. Other Unsecured loans
c. Renewal of Smart Credit / Overdraft facility
d. Loans fully secured by Cash Securities (including margin)

1%; Min. MUR 2,000, Max. MUR 25,000
1.5%; Min. MUR 2,000
1%; Min. MUR 1,000
0.25%; Min. MUR 500


N/A


1%; Min. MUR 2,000, Max. MUR 25,000
1.5%; Min. MUR 2,000
1%; Min. MUR 1,000
0.25%; Min. MUR 500
Ledger fee MUR 50 + VAT per month N/A MUR 50 + VAT per month
Early repayment Fee
 (i) from own sources of fund (subject to Borrower's Protection Act)
 (i) from other sources other than own funds

NIL
Maximum of 2 %
N/A
NIL
Maximum of 2 %
Valuation & Survey fee Actual Valuer Fee N/A Actual Valuer Fee
Site Inspection fee MUR 500 per inspection (post-sanction only) N/A MUR 500 per inspection (post-sanction only)
Re-schedulement fee 0.50 % of Rescheduled Amount; Min. MUR 1,000 N/A 0.50 % of Rescheduled Amount; Min. MUR 1,000
Reminder fee
(only in case of Arrears in loan account)
MUR 200 per reminder (In arrears accounts only) N/A MUR 200 per reminder (In arrears accounts only)
FDL by Bank MUR 500 per letter N/A MUR 500 per letter
Any modification in Sanction Terms MUR 1,000 per instance N/A MUR 1,000 per instance
CORPORATE LOANS      
SBIML Prime Lending Rate (PLR) Currently 6.75 % p.a Currently 6.75 % p.a Currently 6.75 % p.a
Interest Rates Based on Margin over SBIML PLR Based on Margin over SBIML PLR Based on Margin over SBIML PLR
Mortgage Search and MCIB report (i) SME - MUR 500
(ii) Corporate - MUR 1,500 or actual fee charged by Attorney
(i) SME - MUR 500
(ii) Corporate - MUR 1,500 or actual fee charged by Attorney
(i) SME - MUR 500
(ii) Corporate - MUR 1,500 or actual fee charged by Attorney
Registrar of Company Search MUR 300 MUR 300 MUR 300
Processing fee
For Overdrafts/Other Working Facilities (including Non-Funded) (New Facility)
1 % facility (Min. MUR 2000 & Max. MUR 50,000) 1 % facility (Min. MUR 2000 & Max. MUR 50,000) 1 % facility (Min. MUR 2000 & Max. MUR 50,000)
Processing fee
For Overdrafts/Other working capital facilities against cash securities
0.25% of the normal charges (Min. MUR 500) 0.25% of the normal charges (Min. MUR 500) 0.25% of the normal charges (Min. MUR 500)
Renewal Fee
For Overdrafts and other working capital facilities
1% of the facility (Min. MUR 2000)
Maximum : MUR 25,000
1% of the facility (Min. MUR 2000)
Maximum : MUR 25,000
1% of the facility (Min. MUR 2000)
Maximum : MUR 25,000
Adhoc Banking facility Same as fresh Overdraft facility for pro rata period (Min. MUR 2000) Same as fresh Overdraft facility for pro rata period (Min. MUR 2000) Same as fresh Overdraft facility for pro rata period (Min. MUR 2000)
Extension of import loan MUR 250 + Penal Interest as applicable MUR 250 + Penal Interest as applicable MUR 250 + Penal Interest as applicable
For Business Term Loans
One-Times Upfront Fee

1% of the loan amount (Min. MUR 5000)

1% of the loan amount (Min. MUR 5000)

1% of the loan amount (Min. MUR 5000)
Penalty interest rates:
(i)for exceeding authorized limit
(ii)for arrears on loans account (Provision of Borrower Protection Act and other Government Guidelines to be complied)

MUR accounts: 5% p.a.
Foreign Currency accounts: 2% p.a.
over and above the applicable rate

MUR accounts: 5% p.a.
Foreign Currency accounts: 2% p.a.
over and above the applicable rate

MUR accounts: 5% p.a.
Foreign Currency accounts: 2% p.a.
over and above the applicable rate
Valuation Fee Actual Fee charged by Valuer Actual Fee charged by Valuer Actual Fee charged by Valuer
Reschedulement / Restructure Fee 0.5% of reschedulement amount (Min. MUR 2500) 0.5% of reschedulement amount (Min. MUR 2500) 0.5% of reschedulement amount (Min. MUR 2500)
Modification in sanctioned terms MUR 1000 MUR 1000 MUR 1000
Reminder Fee (Irregular A/Cs MUR 200 per reminder MUR 200 per reminder MUR 200 per reminder
Formal Demand Letter (FDL) by Bank MUR 500 per letter MUR 500 per letter MUR 500 per letter
Commitment fee payable quarterly after three months of sanction on undrawn balance 1% p.a on undrawn balance 1% p.a on undrawn balance 1% p.a on undrawn balance
Early Repayment Fee Calculated on the residual tenor of the loan
(Subject to Borrowers Protection Act and Government Guidelines)
1% p.a on prepayment amount for the residual tenor of loan 1% p.a on prepayment amount for the residual tenor of loan 1% p.a on prepayment amount for the residual tenor of loan
Site Inspection Fees MUR 500 per inspection
(post-sanction only)
MUR 1000 per visit MUR 1000 per visit
Maintenance Fee for loans (Ledger Fee) MUR: Monthly MUR 85 + VAT
USD: USD 100 + VAT yearly or equivalent
MUR: Monthly MUR 85 + VAT
USD: USD 100 + VAT yearly or equivalent
MUR: Monthly MUR 85 + VAT
USD: USD 100 + VAT yearly or equivalent
Legal Charges for vetting / Registration of charge documents:-      
     Legal vetting fees for Fixed Charge / Floating Charge / Fixed and Floating Charge / GSD Charge MUR 500 or actual fee charged by Attorney MUR 1,000 or actual fee charged by Attorney MUR 1,000 or actual fee charged by Attorney
     Registration fees for Fixed Charge / Floating Charge / Fixed and Floating Charge at the Mortgage Office As levied by Registrar office + Handling Charge of MUR 500 As levied by Registrar office + Handling Charge of MUR 500 As levied by Registrar office + Handling Charge of MUR 500
     Registration of Pari Passu Charge at the Mortgage Office As levied by Registrar office + Handling Charge of MUR 1,000 As levied by Registrar office + Handling Charge of MUR 1,000 As levied by Registrar office + Handling Charge of MUR 1,000
     Registration of Ceding Priority Charge at the Mortgage Office As levied by Registrar office + Handling Charge of MUR 1,000 As levied by Registrar office + Handling Charge of MUR 1,000 As levied by Registrar office + Handling Charge of MUR 1,000
     Registration for Substitution of Charge at the Mortgage Office As levied by Registrar office + Handling Charge of MUR 1,000 As levied by Registrar office + Handling Charge of MUR 1,000 As levied by Registrar office + Handling Charge of MUR 1,000
     Registration fees for Gages sans deplacement(GSD) at the Mortgage Office / Lien to be inscribed on Vehicle at NTA As levied by Registrar office / NTA + Handling Charge of MUR 1,000 As levied by Registrar office / NTA + Handling Charge of MUR 1,000 As levied by Registrar office / NTA + Handling Charge of MUR 1,000
     Registration fees for Gages sans deplacement(GSD), as additional security at the Mortgage Office / Lien to be inscribed on Vehicle at NTA As levied by Registrar office / NTA + Handling Charge of MUR 500 As levied by Registrar office / NTA + Handling Charge of MUR 500 As levied by Registrar office / NTA + Handling Charge of MUR 1,000
Renewal of Charges / Securities As levied by Registrar office + MUR 1,000 commission per charge As levied by Registrar office + MUR 1,000 commission per charge As levied by Registrar office + MUR 1,000 commission per charge
Crystallisation of Charge fees MUR 500 MUR 500 MUR 500
Charge Erasures:-      
     Erasure of Charge As levied by Registrar office + Handling Charge of MUR 500 As levied by Registrar office + Handling Charge of MUR 500 As levied by Registrar office + Handling Charge of MUR 500
     Partial Erasure As levied by Registrar office + Handling Charge of MUR 1,000 As levied by Registrar office + Handling Charge of MUR 1,000 MUR 1,000
COMMISSION AND CHARGES ON GUARANTEES      
Processing Fee on issue of BG (Issuance Charge) N/A (i) Against Cash Collateral: 0.25% of BG amount, Min MUR 500
(ii) Against Bank Guarantee Limit: N/A
(i) Against Cash Collateral: 0.25% of BG amount, Min MUR 500
(ii) Against Bank Guarantee Limit: N/A
Commission on Performance Bonds 1.5% of amount p.a for first 5.0 Mio (Min. MUR 1000) + 1% p.a for amount over MUR 5.0 Mio 1.5% of amount p.a for first 5.0 Mio (Min. MUR 1000) + 1% p.a for amount over MUR 5.0 Mio 1.5% of amount p.a for first 5.0 Mio (Min. MUR 1000) + 1% p.a for amount over MUR 5.0 Mio
Commission on Tender Bonds:
(i) First Six Months

(ii) Each additional period of 3 months or part thereof

1% of amount for first 6 months or part thereof (Min. MUR 1000)

0.25% of amount for each additional period of 3 months or part thereof (Min. MUR 1000)

1% of amount for first 6 months or part thereof (Min. MUR 1000)

0.25% of amount for each additional period of 3 months or part thereof (Min. MUR 1000)

1% of amount for first 6 months or part thereof (Min. MUR 1000)

0.25% of amount for each additional period of 3 months or part thereof (Min. MUR 1000)
Commission on Guarantees (to the Customs / Government / Parastatal Bodies / Other Companies) covering payment of cheques 1% p.a (Min. MUR 1000) Issuance charge + 1% p.a (Min. MUR 1000) Issuance charge + 1% p.a (Min. MUR 1000)
Commission on Advance Payment Guarantees 0.5% for every quarter or part thereof (Min. MUR 1000) Issuance charge + 0.5% for every quarter or part thereof (Min. MUR 1000) Issuance charge + 0.5% for every quarter or part thereof (Min. MUR 1000)
Commission on Avalisation of Bills (Bills of Exchange/Advance Payment Guarantee) N/A 0.5% for every quarter or part thereof (Min. MUR 1000) 0.5% for every quarter or part thereof (Min. MUR 1000)
Commission on Shippings Guarantees (Covering a missing Bill of lading/AWB)
If against a letter of Credit issued by the Bank
(a) For the first two months
(b) For each additional period of one month

N/A


(a) Min. MUR 1000
(b) Min. MUR 500


(a) Min. MUR 1000
(b) Min. MUR 500
Amendments to Guarantees      
Amount / Period (extension in expiry date) N/A Issuance Charge + other charges where applicable Issuance Charge + other charges where applicable
Others MUR 500 MUR 500 MUR 500
Processing of claim - Inward Guarantees MUR 1000 MUR 1000 MUR 1000
Advising of Inward Guarantees MUR 1000 MUR 1000 MUR 1000
COMMISSION AND CHARGES (FOREX AND BILLS DEPARTMENT)      
Swift Charges (For opening of LC) MUR 550 MUR 550 MUR 550
Swift Charges (For amendment of LC) MUR 250 MUR 250 MUR 250
Letters of Credit      
Opening Charges (a) 1/2% flat for 6 months (Min. MUR 1,500).
(b) 1/4% flat for each additional quarterly period (Min. MUR 800)
(a) 1/2% flat for 6 months (Min. MUR 1,500).
(b) 1/4% flat for each additional quarterly period (Min. MUR 800)
(a) 1/2% flat for 6 months (Min. MUR 1,500).
(b) 1/4% flat for each additional quarterly period (Min. MUR 800)
Amendment Commission MUR 500 except for amount and tenor for which opening charges as above would apply MUR 500 except for amount and tenor for which opening charges as above would apply MUR 500 except for amount and tenor for which opening charges as above would apply

Note: No Refund of Commission on Credit Not Availed or Partially Availed.

     
Advance Bills      
(a) Payment Commission 1/4% flat (Min. MUR 800) 1/4% flat (Min. MUR 800) 1/4% flat (Min. MUR 800)
(b) Local Fee & Postage MUR 700 MUR 700 MUR 700
Advance Bills Avalised (ABA)      
(a) Acceptance Commission 1/8% per month or part thereof (Min MUR 600) 1/8% per month or part thereof (Min MUR 600) 1/8% per month or part thereof (Min MUR 600)
(b) Payment Commission 1/4% flat (Min MUR 500) 1/4% flat (Min MUR 500) 1/4% flat (Min MUR 500)
(c) Local Fee, Postage & Swift Charges MUR 800 MUR 800 MUR 800

Note: Penal Interest at 5% p.a for MUR and 2% p.a for FCY above the applicable overdraft rate is to be charged for overdue period if payment is effected after the maturity date.

     
Local Bills      
Collection Commission (Discounting interest, if any, to be collected in addition, in case of avalised bills by other banks. 1/4% flat as collection fee (Min MUR 750) 1/4% flat as collection fee (Min MUR 750) 1/4% flat as collection fee (Min MUR 750)
Exports      
(a) Advising of Documentary Credit MUR 1000 MUR 1000 MUR 1000
(b) Advising of amendment MUR 1000 MUR 1000 MUR 1000
(c) Adding confirmation to Export LC as per Agency arrangement As per agency arrangements As per agency arrangements As per agency arrangements
(d) Transfer of Documentary Credit MUR 1000 MUR 1000 MUR 1000
(e) Payment/Negotiation Commission:-
     (i) For Export Bills under LC

1/4% flat (min. MUR 1000)

1/4% flat (min. MUR 1000)

1/4% flat (min. MUR 1000)
     (ii) For Export Bills on collection 1/2% flat (min. MUR 1000) 1/2% flat (min. MUR 1000) 1/2% flat (min. MUR 1000)
(f) Local Fee & postage MUR 500 MUR 500 MUR 500

Note: Interest to be charged at applicable rate on all discounted export bills from the date of negotiation by the bank till the credit to our Nostro Account abroad.

     
FIBC, Clean & Documentary Credit      
(a) Payment Commission
(if presented for payment through another local bank, the commission should be shared equally between the two banks)
1/2% flat (Min. MUR 1000) 1/2% flat (Min. MUR 1000) 1/2% flat (Min. MUR 1000)
(b) Local Fee, Postage & Swift Charges
(In case of unpaid documents returned,a commission of 1/2% flat (Min MUR 1000) should be claimed from the correspondent bank
MUR 800 MUR 800 MUR 800
(c) Handling Fee (Every month of unpaid bill) MUR 750 MUR 750 MUR 750
(d) Storage fee (For each period of 30 days or part thereof during which goods are stored under the responsibility of bank, apart from other related charges like insurance/warehouse etc. Actual expenses by the Bank Actual expenses by the Bank Actual expenses by the Bank
(e) Extension of Payment Date 0.5% (Min. MUR 1000) 0.5% (Min. MUR 1000) 0.5% (Min. MUR 1000)
Individuals Corporates Others
D.   GENERAL SERVICES      
Cheque Book      
Cheque book charges:      
     (i) For individuals MUR 4 per sheet MUR 5 per sheet MUR 5 per sheet
     (ii) For Continuous Stationery Actual costs Actual costs Actual costs
Cheque returned unpaid charges (inward) MUR 250 per cheque returned
MUR 250 per cheque returned
MUR 250 per cheque returned
Lodged cheque returned unpaid charges (outward) MUR 50 per cheque returned
MUR 50 per cheque returned
MUR 50 per cheque returned
Stop payment per cheque MUR 125 per cheque MUR 125 per cheque MUR 125 per cheque
Issue of office cheque MUR 150 per cheque MUR 150 per cheque MUR 150 per cheque
Cancellation of Office Cheque MUR 100 per cheque MUR 100 per cheque MUR 100 per cheque
Special clearing MUR 200 per cheque MUR 200 per cheque MUR 200 per cheque
Foreign Currency A/c - Transaction Fees      
Inward Transactions (Without Conversion)
        (i) FC - Cash *
1% (Min. USD 5 or equivalent) 1% (Min. USD 25 or equivalent) 1% (Min. USD 25 or equivalent)
        (ii) Deposit of TC 1% (Min. USD 5 or equivalent) + Courier charges + Overseas Bank charges, if any 1% (Min. USD 25 or equivalent) + Courier charges + Overseas Bank charges, if any 1% (Min. USD 25 or equivalent) + Courier charges + Overseas Bank charges, if any
        (iii) Deposit of DD / Cheque 1% (Min. USD 5 or equivalent) + Courier charges + Overseas Bank charges, if any 1% (Min. USD 5 or equivalent) + Courier charges + Overseas Bank charges, if any 1% (Min. USD 5 or equivalent) + Courier charges + Overseas Bank charges, if any
Outward Transactions (Without Conversion):
        (i) FC - Cash *
1% (Min. USD 5 or equivalent) 1% (Min. USD 25 or equivalent) 1% (Min. USD 25 or equivalent)
        (ii) Issue of TC 1% (Min. USD 5 or equivalent) 1% (Min. USD 25 or equivalent) 1% (Min. USD 25 or equivalent)
        (iii) Deposit of DD / Cheque 1% (Min. USD 10 and Max. USD 50) 1% (Min. USD 10 and Max. USD 50) 1% (Min. USD 10 and Max. USD 50)

Foreign Currency cash shall be dealt with only in USD, GBP and EURO (Subject to availability)

     
Payment of Draft, TCs (With Conversion):
Commission on purchase / payment of drafts / Encashment of TC MUR 5 per item, Min. MUR. 200 per transaction + Overseas Bank Charges + Courier charges MUR 10 per item, minimum MUR. 300 per transaction + Overseas Bank Charges + Courier Charges MUR 10 per item, minimum MUR. 300 per transaction + Overseas Bank Charges + Courier Charges
Issuance of Drafts (With Conversion):      
Commission on issuance of Draft - Demand Draft MUR 200 + Overseas Bank Charges, if any. MUR 400 + MUR 200 (SWIFT Charges) + Overseas Bank Charges, if any. MUR 400 + MUR 200 (SWIFT Charges) + Overseas Bank Charges, if any.
Stop payment for draft MUR. 125 + Bank Charges MUR. 200 + Overseas Bank Charges, if any MUR. 200 + Overseas Bank Charges, if any
Reports - Certificates Testimonials      
Certificate issued to customers regarding worth
(without responsibility to bank and its officers) (Financial Standing)
MUR 750 MUR 1500 MUR 1500
Testimonial / Bank's Reference Letters:
        (i)For First Copy
        (ii)For each additional copy

(i) MUR 500
(ii) MUR 100

(i) MUR 500
(ii) MUR 100

(i) MUR 500
(ii) MUR 100
Verification of copies from originals MUR. 50 per document.
(No charge for verifying copies for requirements in SBI Group)
MUR. 50 per document.
(No charge for verifying copies for requirements in SBI Group)
MUR. 50 per document.
(No charge for verifying copies for requirements in SBI Group)
Any other certificate MUR 300 MUR 300 MUR 300
Credit report to other banks:
        (i)Mauritius
        (ii)Overseas

N/A

MUR 200
USD 50

MUR 200
USD 50
Balance Certificate:
        (i)Deposit
        (ii)Loan

(i) MUR. 200 per certificate
(ii) MUR. 300 per certificate

(i) MUR 500 per certificate
(ii) MUR 500 per certificate

(i) MUR 500 per certificate
(ii) MUR 500 per certificate
Audit confirmation certificate MUR 1000 per financial year MUR 1000 per customer for each audit confirmation of their accounts MUR 1000 per customer for each audit confirmation of their accounts
Copies of tax certificate MUR. 50 per copy MUR. 50 per copy MUR. 50 per copy
Standing Instruction      
Intra-Bank (Within SBI Branches):
        (i)For credit to Loan A/Cs
        (ii)Others

Free
MUR. 10 per instance

Free
MUR. 10 per instance

Free
MUR. 10 per instance
Inter-Bank (Outside SBI):
        (i)By EFT
        (ii)By Office Cheque

MUR 25 per instance
MUR. 200 per instance

MUR 25 per instance
MUR. 200 per instance

MUR 25 per instance
MUR. 200 per instance
Unpaid Standing Instructions due to insufficient funds MUR 150 per instance MUR 150 per instance MUR 150 per instance
DIRECT DEBITS      
(i)In favour of CEB, CWA, MT, EMTEL & MTML MUR 5 per DD MUR 5 per DD MUR 5 per DD
(ii)In favour of Other Companies MUR 6 per DD MUR 6 per DD MUR 6 per DD
Unpaid direct debit due to insufficient funds MUR 150 per instance MUR 150 per instance MUR 150 per instance
SAFE DEPOSIT LOCKER RENTAL CHARGES      
Standard sized - 125mm x 175mm x 492mm MUR 1250 p.a + VAT N/A N/A
Medium sized - 125mm x 352mm x 492mm MUR 3000 p.a + VAT N/A N/A
Large sized - 278mm x 352mm x 492mm MUR 5000 p.a + VAT N/A N/A
Locker access fee Free N/A N/A
Breakage Fee / Replacement of Keys MUR 5500 + VAT N/A N/A
Reminders for Non-Payment of Locker Rents MUR. 200 per reminder after due date N/A N/A
ACCOUNT ACCESS FEES      
Local Funds Transfer Internal Transfer (Within the Bank)      
   For Credit to Own Accounts Over the counter: Free
Internet Banking: Free
Over the counter: Free
Internet Banking: Free
Over the counter: Free
Internet Banking: Free
   For Credit to Third Party Accounts Over the counter: Free
Internet Banking: Free
Over the counter: MUR 10 per transaction
Internet Banking: Free
Over the counter: MUR 10 per transaction
Internet Banking: Free
Local Funds Transfer Domestic Transfer (Outside the Bank)      
   For credit to another Bank A/c (MACSS) Over the counter: MUR 100
Internet Banking: MUR 75
Over the counter: MUR 100
Internet Banking: MUR 75
Over the counter: MUR 100
Internet Banking: MUR 75
Local Funds Transfer Domestic Transfer (MNS Fees)      
   For Payments through MNS
  (i) In MUR
  (ii) In Foreign Currency

(i) MUR 100
(ii) 1% of transfer amount, Min. USD 10, Max. USD 30 or equivalent

(i) MUR 100
(ii) 1% of transfer amount, Min. USD 10, Max. USD 30 or equivalent

(i) MUR 100
(ii) 1% of transfer amount, Min. USD 10, Max. USD 30 or equivalent
International Funds Transfer Inward Transfer      
   SWIFT Transfer (Without Conversion) MUR 200 or equivalent Free Free
   SWIFT Transfer (With Conversion) Free MUR 200 or equivalent MUR 200 or equivalent
International Funds Transfer Outward Transfer      
   SWIFT Transfer from FCY Account 0.20% + Swift charges + Overseas bank charges, if any, (Min, USD 15 and Max. USD 60) or equivalent 0.25 % + Swift charges + Overseas bank charges, if any, Min. USD 30 and Max. USD 75 or equivalent 0.25 % + Swift charges + Overseas bank charges, if any, Min. USD 30 and Max. USD 75 or equivalent
   SWIFT Transfer from MUR Account (for commercial transactions) MUR 200 (Commission) + MUR 200 (Swift Charges) + Overseas bank charges, if any MUR 400 (Commission) + MUR 200 (Swift Charges) + Overseas bank charges, if any MUR 400 (Commission) + MUR 200 (Swift Charges) + Overseas bank charges, if any
   For Education Purpose MUR 200 + Overseas bank charges, if any MUR 400 + MUR 200 (Swift Charges) + Overseas bank charges, if any MUR 400 + MUR 200 (Swift Charges) + Overseas bank charges, if any
   For transfers other than Commercial and Education Purposes MUR 200 + MUR 200 (Swift Charges) + Overseas bank charges, if any MUR 400 + MUR 200 (Swift Charges) + Overseas bank charges, if any MUR 400 + MUR 200 (Swift Charges) + Overseas bank charges, if any
International Funds Transfer INR Remittances      
   Through SBI Express Remit Facility Over the counter: MUR 75
Internet Banking: Free
Over the counter: MUR 75
Internet Banking: Free
Over the counter: MUR 75
Internet Banking: Free
Individuals Corporates Others
E.   OTHERS      
Salary credit from other banks Free Free Free
Charges for closure of SB/CA:      
(i) MUR A/c MUR 250 + VAT MUR 250 + VAT MUR 250 + VAT
(ii) Non-MUR A/c USD 10 + VAT or equivalent USD 10 + VAT or equivalent USD 10 + VAT or equivalent
Processing fee for Succession Account MUR. 500 MUR. 500 MUR. 500
Statement of Accounts:      
 (1) For Current and Overdraft Accounts:-
  (a) Over the Counter:
     (i) In June & December for last Half-year Free Free Free
     (ii) Any other frequency MUR 25 per page MUR 25 per page MUR 25 per page
  (b) e-Statements / Statements through Internet Banking Free Free Free
 (2) For Loan Accounts:-
  (a) Over the Counter:
     (i) In June & December for last Half-year Free Free Free
     (ii) Any other frequency MUR 25 per page MUR 25 per page MUR 25 per page
  (b) e-Statements / Statements through Internet Banking Free Free Free
       
Charges for duplicate statement of A/c MUR. 50 + MUR. 15 per sheet MUR 25 per page MUR 25 per page
Charges for duplicate passbook MUR 100 MUR 100 MUR 100
Charges for Inactive / Dormant A/c:      
 (i) MUR Accounts MUR. 250 + VAT per half year MUR. 250 + VAT per half year MUR. 250 + VAT per half year
 (ii) Non-MUR Accounts (June & December each year) USD 10 per half year or equivalent + VAT
(in June & December each year)
USD 10 per half year or equivalent + VAT
(in June & December each year)
USD 10 per half year or equivalent + VAT
(in June & December each year)
Charges for copy from Archives:      
 (i) Upto 2 years of Records Search fee of MUR 100 + MUR 50 per page Search fee of MUR 100 + MUR 50 per page Search fee of MUR 100 + MUR 50 per page
 (ii) More than 2 years of Records Search fee of MUR 500 + MUR 50 per page Search fee of MUR 500 + MUR 50 per page Search fee of MUR 500 + MUR 50 per page
CARDS      
Debit cards      
Issue of first ATM card Free N/A N/A
Issue of additional card MUR 100 + VAT N/A N/A
Annual fee Free N/A N/A
Replacement of lost/stolen and damaged card MUR 100 + VAT N/A N/A
PIN replacement fee MUR 50 + VAT N/A N/A
ATM withdrawal on SBI ATMs in Mauritius Free N/A N/A
Maximum number of withdrawal per day at ATM No limit N/A N/A
Maximum amount of withdrawal per day MUR 20,000 or equivalent N/A N/A
Maximum amount of transaction on POS per day MUR 100,000 or equivalent N/A N/A
Withdrawal fee at
    : non-SBI Mauritius
    : overseas ATM *
    : SBI ATM in India *

MUR 50
MUR 75 or equivalent
Free

N/A

N/A
Account Balance Enquiry / Mini Statement through SBI ATMs in Mauritius Free N/A N/A
Account Balance Enquiry / Mini Statement through Non - SBI ATMs in Mauritius MUR 10 or equivalent N/A N/A
Online Purchases through Debit Cards * Free N/A N/A
Captured Cards:
        (i) Our cards in other Bank's ATMs
        (ii) Other Bank's Cards in our ATMs

 (i) MUR 300
 (ii) MUR 300

N/A

N/A
*   All Cash Withdrawals in Overseas ATMs or purchases in foreign currencies shall attract 3 % charge / conversion fee
ONLINE BANKING      
Internet Banking      
Local Internal Funds Transfer for credit to an SBI A/c holder Free Free Free
Local Domestic Funds Transfer for credit to another Local Bank A/c MUR 75 MUR 75 MUR 75
INR Remittance Free Free Free
CEB Bill Payments Free Free Free

The fees, charges and commission found in this booklet apply to the products and services provided by SBI (Mauritius) Ltd to its customers. SBI (Mauritius) Ltd reserves the right to modify, substitute, introduce its fees, commission and cheques. Customers are requested to contact, verify and confirm the fees, commission and charges with SBI (Mauritius) Ltd.