Tariff Guide

Monthly subscription fee

4Rs 345 (inclusive of VAT)

Account Access Services

Internet Banking
4Subscription fee Free
4Security Token Soft security token: Rs 200 (one-off fee)

Mobile Banking
4Mobile Internet Banking Free access
4SMS ReFill service Free access
4SMS Banking -SMS sent by customer: Rs 0.50 per SMS
[Excluding cost of mobile network operator]
-SMS received (Alerts) by customer: Rs 1.00 per SMS

ATM
4ATM Free access
4Commission on withdrawal - Through a MCB ATM Free of charge for MCB debit cards only
4Commission on withdrawal - Through another local bank ATM Rs 50
4Commission on withdrawal - Abroad 1.0% of amount withdrawn, minimum Rs 75 +
conversion charges of 2.0%
4Account balance enquiry through MCB ATM Rs 1.50 per printed receipt (Free if viewed on screen)
4Account balance enquiry through another local bank ATM Rs 10
4Mini statement request Rs 3 per as from the third statement within a month

Accounts
Savings Account Regular
4Savings rate 2.60% per annum
4Minimum account opening amount Not applicable
4Minimum credit balance to earn interest Rs 5,000
4Reissuance/ Replacement of passbook/ Account Card Rs 25
4Statement fee on quarterly/ monthly issuance of paper statements Rs 15 per statement issued*
of account [June & December issuance free of charge]
Note: Total amount charged varies according to the issuance frequency
4Statement of account available through Internet Banking and Juice Free of charge

Savings Account Junior

4Credit interest rate (as per account balance) -From MUR 1 to 10,000.00: Savings rate + 0.05% p.a.
-From MUR 10,000.01 to 100,000.00: Savings rate +
0.10% p.a.
-From MUR 100,000.01 to 1,000,000.00: Savings rate +
0.20% p.a.
-More than MUR 1,000,000.01: Savings rate
4Minimum account opening amount Not applicable
4Minimum credit balance to earn interest Not applicable
4Reissuance/ Replacement of passbook Rs 25

Current Account Regular

4Minimum account opening amount Rs 1,000
4Minimum credit balance to earn interest No interest payable
4Service fee Free1
4Debit interest on unauthorised overdrawn balances PLR + 3.75%
4Penalty interest on unauthorised overdrawn balances Not exceeding 2% above rate applicable to the
overdraft/ account category of the customer
4Statement fee on quarterly/ monthly issuance of paper statements Rs 15 per statement issued2
of account [June & December issuance free of charge]
 4Statement of account available through Internet Banking and Juice Free of charge
Note 1: Standard fee applicable for joint account.
Note 2: Total amount charged varies according to the issuance frequency.

Investment Settlement Account

4Minimum account opening amount No minimum required
4Minimum credit balance to earn interest 5,000 GBP/ USD/ EUR/ MUR
7,500 AUD/ 100,000 ZAR

31 Day Notice Account

4Minimum account opening amount 100,000 USD/ 100,000 EUR
4Minimum credit balance to earn interest 100,000 USD/ 100,000 EUR
4Early Withdrawal Fee: -For USD accounts: 1 month USD Libor p.a. on the
withdrawn amount calculated for 31 days.
-For EUR accounts: 0.40% p.a. on the withdrawn
amount calculated for 31 days

Foreign Currency Account

4Minimum account opening amount * No minimum required [GBP/USD/EUR/AUD/ZAR]
4Minimum credit balance to earn interest 5,000 GBP/ USD/ EUR
7,500 AUD/ 100,000 ZAR
4Service fee 10 USD + VAT half yearly, i.e. 11.50 USD half yearly
4Monthly charges on credit balances in account CHF (Swiss Francs) accounts:
-Balance of CHF 100,000 up to 10 million: 0.30% p.a.
-Balance greater than CHF 10 million: 0.80% p.a.
4Cash withdrawal fee -In USD notes: 1.0%, min. 10/ max. 100 USD or
equivalent
-In other currencies: 0.125%, min. 10/ max. 75 USD or
equivalent
4Cash deposit fee Not applicable
4Transfer commission charged on debit transactions (over and above
0.125%, min. 10/ max. 75 USD or equivalent
standard charges applicable to debit transactions)
* Accounts in other currencies are also available upon request

Fixed Deposit Account in local currency

4Minimum deposit amount Rs 100,000
4Deposit withdrawn before maturity within 3 months Interest forfeited
4Deposit withdrawn before maturity after 3 months:
Penalty of 1% deposit amount per annum calculated on the period between the pre-termination date and the maturity date.
Rates and other fees & charges applicable to Fixed Deposit Account are available at our counters.

Fixed Deposit Account in foreign currency

4Minimum deposit amount * 5,000 GBP/ USD/ EUR
7,500 AUD/ 100,000 ZAR
4Deposit withdrawn before maturity Penalty rate of 1.5% p.a. charged on the amount being
redeemed
Rates and other fees & charges applicable to Deposit Account are available over the period between the date of pre-
at our counters.
* Accounts in other currencies are also available upon request

Accounts Transactions or Services

Local Funds Transfer | Internal Transfer

At Counter On Internet Banking
4For credit to a MCB account pertaining to the same customer Rs 251 Free
4For credit to a MCB account not pertaining to the same customer Rs 252 Free
Note 1: Free of charge for funds transfer between accounts in local currency (MUR)
Note 2: A fee of USD 5 is charged in case of a funds transfer between FCY accounts
Local Funds Transfer | Domestic Transfer (in local currency only)
At Counter Internet Banking/Juice
4For credit to another local bank account - Standard Payment Rs 50 Free
4For credit to another local bank account - Express Payment Rs 125 Rs 75
4For credit to another local bank account - Instant Transfer N/A Free
Note: -Other fees and charges apply in case of debit of a Foreign Currency Account. More information are available at our counters.
-Funds transfer in foreign currencies to another local bank will be treated and charged similarly as an outward SWIFT funds
transfer request.

Third Party Wallet/Account

4Registration of MCB Account to a Third Party Wallet/Account Free of charge
4Loading of Third Party Wallet/Account through pre-registered MCB Account Free of charge

International Funds Transfer | Inward Transfer

4Telegraphic transfer Rs 100 (Free of charge in case of credit of a
Foreign Currency Account)

International Funds Transfer | Outward Transfer

4Through SWIFT Request made over the counter: MUR 400
Request made through Internet Banking: MUR 250
Note: Excluding Overseas Bank Charges/ Transfer Commission
4Transfer commission 0.125% (Min USD 10, Max USD 75 or equivalent)
4Investigation charges Rs 300 + any other charges as claimed by overseas
banks
Note: Other fees and charges apply in case of debit of a Foreign Currency Account. More information are available at our counters.

Standing Order
4Credited to a MCB account Free1
4Credited to another local bank account Rs 30
4Overseas Standing Instruction Rs 100 + Overseas Bank Charges
4Failed Standing Order Rs 150
Note: An additional postage charge may be claimed in case a payment is made under a standing order direct by the bank to a beneficiary resident
outside Mauritius.
Note 1: Standard fee applicable for joint account.

Direct Debit
4In favour of CEB, CWA and Mauritius Telecom (per direct debit) Free1
4In favour of other companies (per direct debit) Free1
4Failed Direct Debit Rs 150
Note 1: Standard fee applicable for joint account.

Debit Card

MasterCard Debit Card

4Annual fee Free
4Replacement fee for lost/ stolen/ damaged card
-Standard request Free
-Express request (delivery on same day) Free
4Conversion fee (in case of cross currency transactions) 2.00%
Note: Refer to section 'ATM' for other related charges.

MasterCard Platinum Debit Card

4Annual fee Free
4Replacement fee for lost/ stolen/ damaged card
-Standard request Free
-Express request (delivery on same day) Free
4Conversion fee (in case of cross currency transactions) 2.00%
Note: Refer to section 'ATM' for other related charges.
Prepaid Card

MCB VISA Prepaid Card

4Card Issuance fee
-UPI Prepaid Card UPI Prepaid Crad is no longer on offer
-VISA Prepaid Card USD 5 + VAT, i.e. USD 5.75
GBP 3 + VAT, i.e. GBP 3.45
EUR 4 + VAT, i.e. EUR 4.60
ZAR 55 + VAT, i.e. ZAR 63.25
MUR 150 + VAT, i.e. MUR 172.50
4Loading/ Reloading fee 0.5% of loaded/ reloaded amount with,
-minimum of USD 2/ GBP 1.20/ EUR 1.50/ ZAR 20/
MUR 60/ CNY 10
-maximum of USD 65/ GBP 40/ EUR 50/ ZAR 700/
MUR 1,950/ CNY 400

4Loading limits
Cumulative maximum amount at any one time at customer
Loading Limit (in MUR) set per Prepaid card type
level (in MUR)*
Daily limit Monthly Maximum amount on Annual limit Daily limit Monthly Maximum amount on Annual
limit card at any one time limit card at any one time Limit
Visa Prepaid 350,000 350,000 350,000 1,800,000
Visa Prepaid Rupys 100,000 100,000 100,000 100,000
850,000 850,000 850,000 10,200,000
UPI Prepaid1 350,000 350,000 350,000 1,800,000

* applicable if customer opts for a bundle of products

4ATM Cash Withdrawal fee

-Through MCB ATM Free
-Through other ATM (local & overseas) 1.0% of amount withdrawn, minimum Rs 75
4Conversion fee -UPI Prepaid card: 2%
-Visa Prepaid card: 3%

Credit Card

Annual Fee
Primary Card
4Premium Bundle (American Express Green & VISA Platinum) Free
4American Express Green Rs 1,500 + VAT, i.e. Rs 1,725
4American Express Gold Rs 3,000 + VAT, i.e. Rs 3,450
4VISA Platinum Rs 1500 + VAT, i.e Rs 1,725
4VISA Signature Rs 2,500 + VAT, i.e. Rs 2,875
4MasterCard/ VISA Classic Rs 200 + VAT, i.e. Rs 230
4MasterCard/ VISA Gold Rs 950 + VAT, i.e. Rs 1,092.50
4MasterCard Primo Rs 150 + VAT, i.e. Rs 172.50
Secondary Card
4Premium Bundle (American Express Green & VISA Platinum) Rs 1,600 + VAT, i.e. Rs 1,840
4American Express Green Rs 1,000 + VAT, i.e. Rs 1,150
4American Express Gold Rs 2,000 + VAT, i.e. Rs 2,300
4VISA Platinum Rs 1000 + VAT, i.e Rs 1,150
4VISA Signature Rs 2,000 + VAT, i.e. Rs 2,300
4MasterCard/ VISA Classic Rs 150 + VAT, i.e. Rs 172.50
4MasterCard/ VISA Gold Rs 600 + VAT, i.e. Rs 690
4MasterCard Primo Rs 150 + VAT, i.e. Rs 172.50

Cash Advance Fee

4American Express Green/ Gold & VISA Platinum/ Signature 2% of amount withdrawn, minimum Rs 100
4MasterCard Classic/ Gold/ Primo 2% of amount withdrawn, minimum Rs 50
 4VISA Classic/ Gold 2% of amount withdrawn, minimum Rs 50

Card Replacement Fee

4American Express Green/ Gold & VISA Platinum/ Signature Free
4MasterCard/ VISA Gold Free
4MasterCard/ VISA Classic Rs 200 + VAT, i.e. Rs 230
4MasterCard Primo Rs 200 + VAT, i.e. Rs 230
4Fleetman Rs 200 + VAT, i.e. Rs 230
Note: Emergency card fee, in case replaced card needs to be delivered urgently abroad, is Rs 2,000 + VAT, i.e. Rs 2,300

Overlimit Fee
4American Express Green/ Gold & VISA Platinum/ Signature Rs 200
4MasterCard Classic/ Gold/ Primo Rs 150
4VISA Classic/ Gold Rs 150
Note: Overlimit fee applies when the authorised credit limit has been exceeded

Late Payment Fee

4American Express Green/ Gold & VISA Platinum/ Signature Rs 200
4MasterCard Classic/ Gold/ Primo Rs 150
4VISA Classic/ Gold Rs 150
Note: Late payment fee applies when the mandatory minimum payment is not made by the due date

Conversion Charges
Conversion Fee
VISA credit card 2.00%
MasterCard credit card 2.00%
AMEX credit card 2.00%
Note: Conversion charges apply where transaction currency is not equal to the billing currency.

Banking Service Fee

4Fleetman Rs 40 monthly

Interest Rates
4MCB Prime Lending Rate (PLR) 6.25% per annum
4American Express Green/ Gold & VISA Platinum/ Signature PLR + 9.50% per annum
4MasterCard Classic/ Gold/ Primo PLR + 13.50% per annum
4VISA Classic/ Gold PLR + 13.50% per annum
4Fleetman 16.75% per annum

Other fees & charges applicable to credit cards are available at our counters.

Reports & Guarantees

Confidential Reports
4Auditors Report Not applicable
4Testimonial for educational/ medical purpose Free
4Testimonial for travel purpose - for local residents Free
4Testimonial for travel purpose - for foreigners Free
4Letter of reference Free
4Clearance certificate Free
4Certificate of balance Free
4Loan balance certificate Free

Guarantees
4Performance bonds -For first Rs 5 million: 1.5% p.a.
 -For any amount above Rs 5 million: 1.0% p.a.,
minimum Rs 1,500
4Tender bonds -For first 180 days: 1.0% flat, minimum Rs 750
-For each additional period of 90 days or part:
0.25% flat, minimum Rs 750
4Shipping bonds -For the first two months: Rs 800
-For each additional period of one month or part:
Rs 300
4Guarantees to the Customs & Government bodies covering payment 1.0% p.a., minimum Rs 1,500
of cheques
4'Aval' of negotiable instruments 2.0% p.a., minimum Rs 1,000
4Advance payment bonds/ Retention money bonds 1.0% p.a., minimum Rs 1,500
4Guarantees in favour of Corporate/ Government bodies for 2.0% p.a., minimum Rs 1,500
disbursement of loans/ banking facilities
4Unredeemed shipping guaranteed commission Rs 300 per month
4Guarantee in favour of IVTB 1.0% p.a., minimum Rs 1,500
4Amendment fee Rs 500
4Cancellation fee Rs 1,000
A processing fee shall be charged, where applicable, in addition to the fee charged for a Bank Guarantee transaction

Financing

Lending Rates
4MCB Prime Lending Rate (PLR) 6.25% per annum
Interest rates vary according to loan amount, purpose, level of financing or customer's existing facilities with the
bank. More details are available at our counters.

Processing Fee
4Unsecured loans 1% of facility amount, minimum Rs 1,000/
maximum Rs 25,000
4Educational loans 1% of facility amount, minimum Rs 3,000/
maximum Rs 25,000
4Housing loans 1% of facility amount, minimum Rs 3,000/
maximum Rs 50,000
4Loans fully secured by cash collateral held with MCB 1% of facility amount, minimum Rs 1,000/
maximum Rs 3,000
4Loans fully secured by cash collateral held with other institutions 1% of facility amount, minimum Rs 1,000/
maximum Rs 25,000
4Other secured loans & overdraft 1% of facility amount, minimum Rs 1,000/
maximum Rs 25,000
4Renewal of facility 0.50% of facility amount, minimum Rs 500/
maximum Rs 3,000
4Temporary banking facility 0.25% of facility amount, minimum Rs 500/
maximum Rs 3,000

Early Repayment Fee

4Educational/ housing loans 1% of loan amount prepaid
4Other loan types 2% of loan amount prepaid, minimum Rs 3,000
Note: Early repayment fee is not applicable (1) for loans falling under the Borrowers' Protection Act, (2) in case the prepayment
option fee has been paid upfront or (3) loans granted after 01st January 2014

Amendment/ Cancellation Fee

4Amendment/ cancellation fee Rs 300

Recovery of balance
 4Recovery of balance All expenses including legal fees, commission &
costs not exceeding 10% of the sum covered

Valuation Survey & Report Fee

4Valuation survey & report fee 0.5% of loan amount, minimum Rs 1,000/
maximum Rs 5,000
Note:
- Fee is not applicable in case of banking facilities of Rs 50,000 or less and at renewal of a credit facility
- Different pricing applies for properties in Rodrigues.

Site Inspection Fee

4Site inspection fee Free of charge

Legal & Administration Fees (excluding Registrar's charges)

4Pari-Passu documents Rs 500
4'Cession de Priorité' Rs 500
4Erasure of charges ('Radiation') Rs 300 per charge
4Part erasure of charges ('Dégrèvement') Rs 500 per request
4Fixed/ Floating charges & Gage sans deplacement Rs 100

Other rates, fees & charges applicable to credit facilities are available at our counters.

Other Services

Cheque
4Cost of cheque books Rs 5 per sheet
4Stop cheque request Rs 100 per request
4Cheque returned/ Dishonoured cheque Rs 300 per cheque
4Fee on uncollected / undelivered cheque book Rs 125
4Special presentation of cheques :
-To local banks (minimum of Rs 200,000) Rs 100 per cheque
-From local banks (minimum of Rs 200,000) Rs 250 per cheque
-MCB cheques credited to MCB accounts (minimum of Rs 50,000) Rs 100 per cheque

4Cheques paid over the counter within one-month period:

-First 50 cheques Free

-For each addional cheque cashed within the same period Rs 20 per cheque
Note: Fee will be charged to the drawer's account on the 5th of each month for cheques cashed during the previous month, if applicable

Office Cheque/ Bank Draft

4Issue of office cheque (payment by debit of account only) Rs 150
4Bank Drafts/ Office cheque cancellation Rs 100
4Issue of bank draft (payment by debit of account only) Rs 200
4Deposit of drafts & Miscellaneaous Remittances Abroad Rs 300
Note: Other fees and charges apply in case of debit/ credit of a Foreign Currency Account and are available at our counters.

Safe Deposit Lockers

4Annual rental fee -Type A: Rs 3,450 (VAT inclusive)
-Type B: Rs 5,175 (VAT inclusive)
-Type C: Rs 7,187.50 (VAT inclusive)
-Type D: Rs 11,500 (VAT inclusive)
-Type E: Rs 2,300 (VAT inclusive)
4Access fee -First 2 visits per month: Free
-Additional visits within the same month: Rs 100 per visit
4Key deposit fee Rs 9,200 (paid upfront and refundable after cancellation
of Safe Deposit Box service)
 4Replacement of lock and keys Rs 9,200 (VAT inclusive)
4Non-payment of annual rental fee Failed Standing Order fee applies

Copies, photocopies & Duplicate Printouts

4Request for duplicate documents [Including copy of IBAN, SWIFT transfer, Rs 50 + Rs 10 per additional page
Book In
Note: transfer, statement
case the retrievalofofaccount]
documents needs to be done manually, the following pricing will apply: Rs 200 + Rs 10 per additional page

Escheated Accounts (Abandoned Funds)

4Processing fee before funds are transferred to Bank of Mauritius MUR 200

SWIFT Account Statement

4SWIFT Statement fee Rs 500/ 600/ 800
Note: Fee varies according to dispatch frequency

Treasury Bills
4Minimum account opening balance Not applicable

Mobile Payment
4'Transfer' transaction Free of charge
4'Payment' transaction Free of charge
4'Cash' transaction Free of charge
4'ATM' transaction Free of charge
4PayPal services -Top-up PayPal account: 2% of transaction amount
-Withdrawal: 1.5% of withdrawan amount, minimum
MUR 100

Note: Current VAT rate at 15%

Disclaimer
“The above Rates and Fees shall apply to the products and services provided by the Mauritius Commercial Bank Ltd ('the Bank') as from 01 October
2024. The Bank may, from time to time amend, vary and supplement the above and shall communicate same to its customers by way of notices
displayed in its branches and on its website http://www.mcb.mu. For more information on the MCB Rates and Fees, please do contact us on (+230) 202
6060 or email us at mcbselect@mcb.mu”