MAURITIUS POST AND COOPERATIVE BANK LTD
Statement of Principal Interest Rates and Service Charges (Updated on 23rd December 2011)

For domestic operations

 
INDIVIDUALS
CORPORATES
OTHERS
A
INTEREST RATES
  1. Deposits
 
Savings
3.75% per annum
3.75% per annum
N/A
 
Call
N/A
N/A
N/A
 
Term (MUR)
4.00% - 5.75% per annum
(Fixed & Floating rate)
4.00% - 5.75% per annum
(Fixed & Floating rate)
N/A
 
Term(FCY)
0% - 2.0%
(Fixed)
Interest is subject to rate applicable on the market and may change accordingly
0% - 2.0%
(Fixed)
Interest is subject to rate applicable on the market and may change accordingly
N/A
2. Credit Facilities (MUR)
 
Prime Lending Rate
7.90%
7.90%
N/A
 
Credit Cards
2% per month
2% per month
N/A
 
Overdue Interest
1% on overdue amount
1% on overdue amount
N/A
 
Other credit facilities - margin over PLR
    
 

Revolving OD

18% per annum
N/A
N/A
 

Others

As per arrangment
As per arrangment
N/A
3. Credit Facilities (FCY)
 
Margin over LIBOR
Case to case basis
Case to case basis
N/A
B
DESPOSITS
4. Savings Account
 
Minimum account opening balance

Normal: MUR 500
   Smart: MUR 1000

MUR 500
N/A
 
Minimum credit balance to earn interest
MUR 3000
MUR 3000
N/A
 
Monthly service charges if credit balance falls below
minimum balance
N/A
N/A
N/A
5. Current Account
 
Minimum account opening balance
MUR 3000
MUR 3000
N/A
 
Cost of cheque book
MUR 2.25 per leaf
MUR 2.50 per leaf
N/A
 
Monthly service charges
   

MUR 100+VAT:
(Half-yearly charge
for 1-50 entries)

MUR 25+VAT:
(Additional block of 50 entries)

MUR 100+VAT:
(Half-yearly charge
for 1-50 entries)

MUR 25+VAT:
(Additional block of 50 entries)
N/A
6. Call Deposit Account
 
Minimum balance
N/A
N/A
N/A
 
Minimum credit balance to earn interest
N/A
N/A
N/A
 
Monthly service charges
N/A
N/A
N/A
7. Term deposits (MUR)
 
Minimum amount
MUR 10,000
MUR 10,000
N/A
 
Deposit withdrawn before maturity
Interest paid at savings rate
less penalty rate
Interest paid at savings rate
less penalty rate
N/A
8. Term deposits (FCY)
 
Minimum amount
5,000 (EUR , GBP , USD)
5,000 (EUR , GBP , USD)
N/A
 
Deposit withdrawn before maturity
Penalty charged on a case to case basis
Penalty charged on a case to case basis
N/A
9. Foreign Currency Account
 
Minimum Balance
 
  • Euro
2,000
2,000
N/A
 
  • Pound Sterling
2,000
2,000
N/A
 
  • US Dollar
2,000
2,000
N/A
 
Minimum credit balance to earn interest
2,000
2,000
N/A
 
Monthly service charges
    (General Charges)

1/2% commission in lieu of exchange on each debit entry (Min MUR 100)

1% processing fee levied on deposits in bank notes &
1/2% in travellers cheques provided transaction is acceptable to the Bank.

Any bank charges claimed by overseas banks will be passed onto
the customer's a/c

1/2% commission in lieu of exchange on each debit entry (Min MUR 100)

1% processing fee levied on deposits in bank notes &
1/2% in travellers cheques provided transaction is acceptable to the Bank.

Any bank charges claimed by overseas banks will be passed onto
the customer's a/c

N/A
C
CREDIT FACILITIES
10 . Credit Facilities
 
Annual Fee
Standard :
Gold : 		MUR 200+VAT
MUR 600+VAT		 Standard :
Gold : 		MUR 200+VAT
MUR 600+VAT
N/A
 
Replacement fees
   
  • Lost/stolen cards
 Standard :
Gold : 		MUR 100+VAT
MUR 200+VAT		 Standard :
Gold : 		MUR 100+VAT
MUR 200+VAT
N/A
 
  • Damaged cards/ Change in emboss name
Standard :
Gold : 		MUR 200+VAT
MUR 300+VAT		 Standard :
Gold : 		MUR 200+VAT
MUR 300+VAT
N/A
 
Pin forgotten(Pin reprint)
MUR 50 + VAT
MUR 50 + VAT
N/A
  Express Card
N/A
 
  • Local
Additional MUR 100 + VAT
Additional MUR 100 + VAT<
N/A
 
  • Customer Abroad
MUR 1,500 +VAT
MUR 1,500 +VAT
N/A
 
Late Payment fee

MUR 100
MUR 100
N/A
 
Cash Advance fee
2% with a minimum of MUR 50
2% with a minimum of MUR 50
N/A
 
Overlimit fee
MUR 150
MUR 150
N/A
 
Increase Limit fee
MUR 100
MUR 100
N/A
 
Duplicate statement
MUR 20 per sheet
MUR 20 per sheet
N/A
  11. Loans and advances
 
Processing fee

Loan: 1% of loan amount - Min MUR 500

Overdraft: 1% of overdraft amount - Min MUR 500

Loan: 1% of loan amount - Min MUR 500

Overdraft: 1% of overdraft amount - Min MUR 500

N/A
 
Arrangement fee
N/A
N/A
N/A
 
Ledger fee
N/A
N/A
N/A
 
Commitment fee
1% of any undrawn balance
1% of any undrawn balance
N/A
 
Early redemption/ prepayment fee

Credit Facilities under BPA:N/A
Others :1% flat on amount paid in advance

1% p.a. on amount paid in advance over the residual lifetime of the credit facility
N/A
 
Valuation Survey & Report fee
Rs4,200/- per lot
Note: Where more than 5 properties are offered as securities, valuation fee will be Rs5,000/- per lot.
SME & Women Entrepreneurs: 0.25% of credit facility amount with a Min of Rs4,200/- and Max of Rs10,000/- (per lot)
Corporates: 0.5% of credit facility amount with a Min of Rs5,000/- and Max of Rs20,000/- (per lot)
Note: Where more than 5 properties are offered as securities, valuation fee will be Rs5,000/- per lot.
N/A
 
Legal charges for creation of security documents
 
  • Fixed/Floating Charges
As levied by Registrar Office
As levied by Registrar Office
N/A
   
  • Gages sans deplacement
As per NTA
As per NTA
N/A
 
  • Erasure of charges
MUR 200 + govt duty
MUR 200 + govt duty
N/A
  12. Guarantees
 
Performance bonds

1.5% p.a for amount up to MUR 6.0m
(Min MUR 600)

1.0% p.a for amount >MUR 6.0m

1.5% p.a for amount up to MUR 6.0m
(Min MUR 600)

1.0% p.a for amount >MUR 6.0m
N/A
 
Tender/bid bonds

1% flat for first 6 months

1/4% for each additional 3 months
( Min MUR 600)

1% flat for first 6 months

1/4% for each additional 3 months
( Min MUR 600)
N/A
 
Advance payment bonds
2% p.a Min MUR 600
2% p.a Min MUR 600
N/A
 
Retention money bonds/guarantees
2% p.a Min MUR 600
2% p.a Min MUR 600
N/A
 
Shipping guarantee
MUR 600 for the first month and
MUR 300 monthly thereafter until receipt of original Bill of Lading/ Airway Bill
MUR 600 for the first month and
MUR 300 monthly thereafter until receipt of original Bill of Lading/ Airway Bill
N/A
D
GENERAL SERVICES
  13. Treasury Bills
 
Account opening fee
MUR 250
MUR 250
N/A
 
Transaction fee
0.10% - 0.35%
0.10% - 0.35%
N/A
  14. Debit Cards
 
Annual fee
N/A
N/A
N/A
 
Replacement of lost/stolen cards
MUR 75 per card
MUR 75 per card
N/A
 
Withdrawals
 
  • Bank's ATM
N/A
N/A
N/A
 
  • Other bank's ATM
MUR 40 per transaction
MUR 40 per transaction
N/A
 
  • Overseas
MUR 40 per transaction
MUR 40 per transaction
N/A
  15. Others
 
Telegraphic transfer
Inward Remittance :
Outward Remittance : 		MUR 200 Flat
MUR 125 +
Any swift charges+ Any Overseas Bank Charges		 Inward Remittance :
Outward Remittance : 		MUR 200 Flat
MUR 125 +
Any swift charges+ Any Overseas Bank Charges
 
MACSS facility
MUR 100
MUR 100
N/A
 
Audit confirmation certificate
MUR 600
MUR 600
N/A
 
Testimonial/Banker's reference fee
MUR 1,500
MUR 1,500
N/A
 
Letter of reference
MUR 500
MUR 500
N/A
 
Payroll fee
MUR 5 per item
MUR 5 per item
N/A
 
Internet banking fee
MUR 100 yearly
Bill Payment : MUR 5 per bill
SMS Banking : MUR 3 per msg
View access only





View & Transact




Bill Payment
SMS Banking
: MUR 300 monthly
  (1st user)
  MUR 100 monthly
  (each additional
    user)

: MUR 400 monthly
  (1st user)
  MUR 100 monthly
  (each additional
    user)

: MUR 5 per bill
: MUR 3 per msg
N/A
 
Duplicate statement of account
MUR 15 per sheet
MUR 15 per sheet
N/A
 
Standing instructions
 
  • Internal transfer
MUR 8
MUR 8
N/A
 
  • Transfer to other banks
MUR 30
MUR 30
N/A
 
Direct debit
MUR 6
MUR 6
N/A
 
Purchase of foreign cheques/bank drafts
MUR 75
+ overseas bank charges
where applicatble
MUR 75
+ overseas bank charges
where applicatble
N/A
 
Office cheque issuance
MUR 100
MUR 100
N/A
 
Cheque book facility
MUR 2.25 per leaf
MUR 2.50 per leaf
N/A
 
Cheque returned
 
  • Inward
MUR 200
MUR 200
N/A
 
  • Outward
MUR 25
MUR 25
N/A
 
Stop payment orders
MUR 100 per request
MUR 100 per request
N/A
 
Safe deposit lockers
N/A
N/A
N/A
 
Night safe
N/A
N/A
N/A

For further information or details on any of the above or full range of fees, please contact the MPCB team.