MAURITIUS POST AND COOPERATIVE BANK LTD
Statement of Principal Interest Rates and Service Charges (Updated on 30 August 2010)

For domestic operations

 
INDIVIDUALS
CORPORATES
OTHERS
A
INTEREST RATES
  1. Deposits
 
Savings
4.50%
4.50%
N/A
 
Call
N/A
N/A
N/A
 
Term (MUR)
4% - 6.2%
(Fixed & Floating rate)
4% - 6.2%
(Fixed & Floating rate)
N/A
 
Term(FCY)
0% - 1.5%
(Fixed)
0% - 1.5%
(Fixed)
N/A
2. Credit Facilities (MUR)
 
Prime Lending Rate
8.50%
8.50%
N/A
 
Credit Cards
N/A
N/A
N/A
 
Other credit facilities - margin over PLR
    
 

Revolving OD

18%
N/A
N/A
3. Credit Facilities (FCY)
 
Margin over LIBOR
No specific margin-case to case basis
No specific margin-case to case basis
N/A
B
DESPOSITS
4. Savings Account
 
Minimum account opening balance

MUR 500

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Deposit withdrawn before maturity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Deposit withdrawn before maturity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
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
  11. Loans and advances
 
Processing fee

1% of loan/advances amount subject to a minimum of MUR 500.

Renewal fee: 1% of Overdraft amount subject to a minimum of MUR 500 and maximum of MUR 5000 - discretionary and depending on complexity of facility

1% of loan/advances amount subject to a minimum of MUR 500.

Renewal fee: 1% of Overdraft amount subject to a minimum of MUR 500 and maximum of MUR 5000 - discretionary and depending on complexity of facility
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
1% p.a. on prepayment amount on residual lifetime of the loan
1% p.a. on prepayment amount on
residual lifetime of the loan
N/A
 
Valuation Survey & Report fee
0.5% of loan amount
minimum MUR 3,500 + VAT or as charged by the valuer
0.5% of loan amount
minimum MUR 3,500 + VAT or as charged by the valuer
N/A
 
Legal charges for creation of security documents
 
  • Fixed/Floating Charges
As per Registration Act
As per Registration Act
N/A
   
  • Gages sans deplacement
As per Registration Act
As per Registration Act
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
View and Transact
Bill Payment
Alerts
SMS Banking
: Free
: MUR 5 per bill
: MUR 100 yearly
: MUR 3 per msg
View access only





View & Transact





Both View and View & Transact access


Bill Payment
Alerts

: MUR 300 monthly
  (1st user)
  MUR 100 monthly
  (each additional
    user)

: MUR 400 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 100 yearly
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.