Statement of Principal Interest Rates and Service Charges for domestic operations
(last updated on 12 December 2017)

  • A - Interest rates

        Individuals Corporates
    1 Deposits
      Savings Up to 1.80% per annum depending on Savings Account type Rates available on request
      Call 1.15% Rates available on request
      Term (Rs) Fixed Rates available Rates available on request
      Term (FCY) Fixed Rates available Rates available on request
     
    2 Credit Facilities (Rs)
      Prime Lending Rate (PLR) 6.25% 6.25%
      Credit Cards 2.13% 2.13%
      Other credit facilities - margin over PLR    
      > Overdrafts Between PLR + 6.25% and PLR + 8.25 % PLR + Applicable margin
      > Unsecured Loans Between PLR + 1.74% and PLR + 9.75% N/A
      > Secured Loans As from 8% PLR + Applicable margin
      > Home Loans / Equity Loans Between PLR – 1.85% and PLR + 0.50% N/A
     
    3 Credit services (FCY)
      Margin over LIBOR N/A LIBOR + Applicable margin
  • B - Deposits

        Individuals Corporates
    4 Savings Accounts
      Easy Start Savings Account (No more on offer as new)
      > Minimum Account Opening Balance
    Rs 10,000 N/A
      > Minimum Credit Balance to earn interest
    Rs 10,000 N/A
      > Minimum Operating Balance Rs 10,000 N/A
      > Monthly Operating Balance Fee (if average credit balance falls below minimum operating balance) Rs 100 N/A
       
      Instant Savings Account
      >Minimum Account Opening Balance
    Rs 10,000 N/A
      > Minimum Credit Balance to earn interest
    Rs 10,000 N/A
      > Minimum Operating Balance Rs 10,000 N/A
      > Monthly Operating Balance Fee (if average credit balance falls below minimum operating balance) Rs 100 N/A
     
    5 Transactional Accounts
      > Minimum Account Opening Balance Up to Rs 12,000 N/A
      > Cost of cheque book Up to Rs 3 per sheet Rs 5 per sheet
      > Monthly service charges Up to Rs 575 Minimum Rs 100 per month plus VAT for Local Currency account and USD 10 per month for Foreign currency account
     
    6 Call Deposit Account No longer on offer as new
      > Minimum balance Rs 50,000 Rs 100,000
      > Minimum Credit Balance to earn interest Rs 0.01 Rs 0.01
      > Monthly service charges N/A N/A
     
    7 Term Deposits (Rs)
      > Minimum Amount Rs 250,000 Rs 100,000
      > Deposit withdrawn before maturity
    • If within three months of date of deposit : No interest paid
    • If deposit is uplifted after 3 months of date of deposit - The penalty to apply will be at the rate on offer for the premature Tenor ( period during which deposit remained in our books), at time the initial deposit was made, Minus 0.5 % OR the Prevailing Savings Rate during the Tenor Minus 0.5 %, whichever is lower.
    If deposit is uplifted after 3 months of date of deposit - the penalty to apply would be at the rate on offer for the premature tenor (period during which deposit remained in our books), at the time of the deposit was made less 0.5%
     
    8 Term Deposits (FCY)
      > Minimum Amount USD 15,000 or equivalent USD 10,000 or equivalent (Minimum one month)
      > Deposit withdrawn before maturity
    •  If the deposit is withdrawn pre-maturely within 3 months of its start date, interests will not be paid on the deposit.
    • If the deposit is withdrawn pre-maturely after 3 months of its start date, the interests payable to the customer will be computed over the time period the deposit has been in place.
    • The interest rate applicable for the period will be the lower of the rate on offer at the time the deposit was made OR the prevailing rate at the date the deposit is uplifted.

    Interest may be forfeited if funds are withdrawn within 3 months of date of deposit.

     

    If deposit is cancelled or withdrawn after 3 months of date of deposit - the penalty to apply would be the rate on offer, for the period during which deposit remained in our books or the cost incurred by the bank for replacement of the deposit, whichever is higher. The penalty charge will remain at the bank’s discretion.

     
    9 Foreign Currency Account
      > Minimum Opening Balance  
      > EUR USD 2,000 or equivalent USD 2,000 or equivalent
      > Pound Sterling USD 2,000 or equivalent USD 2,000 or equivalent
      > US Dollar USD 2,000 or equivalent USD 2,000 or equivalent
      > Term Deposit in any Foreign Currency USD 15,000 or equivalent USD 10,000 or equivalent
      - Minimum Balance for interest FIXED DEPOSIT ACCOUNTS ONLY FIXED DEPOSIT ACCOUNTS ONLY
      - Monthly service charges 1 GBP or Equivalent (monthly) USD 10 equivalent (monthly)
  • C - Credit facilities

        Individuals Corporates
    10 Loans and Advances
      Processing Fee 1% of loan amount Minimum Rs 5,000 and Maximum Rs 50,000 for Mortgage Loans
    1.5% of loan amount Minimum Rs 2,500 for Personal Loans
    1% of Loan amount (Minimum Rs 1000) OR as per loan contract
      Ledger Fee Rs 60 per month VAT inclusive Rs 60 per month VAT inclusive
      Commitment Fee 1% undrawn balance after three months and 1% of any subsequent period of 12 months 1.0% of undrawn balance or as per the Loan Contract
      Early redemption/prepayment Fee N/A 1% p.a. on amount paid in advance over the residual lifetime of the loan with a minimum of Rs 20,000 whichever is higher (early repayment fee is not applicable for loans under the Borrower Protection Act – credit facilities less than Rs 3,000,000)
      Valuation Survey & Report Fee As per Valuer's fee As per Valuer’s fee
      Search Fee
      > Simple Rs 150
    Rs 1,000
      > Complex Rs 150 (for complex cases where the search report reveals more than 20 transcriptions and inscriptions, fees can go up to Rs250)
    Minimum Rs 1,500
      > Capital Search Free of charge Free of charge
      > Registration Fee As Levied by Registrar Office/National Transport Authority N/A
      Legal charges for creation of security documents
      > Security charges Rs 1,500 Rs 1,500
      > Gages Sans Deplacement Up to Rs 1,000 Rs 1,000
      > Life policy, stocks and shares Rs 750 Rs 750
      > Personal Guarantee Rs 750 Rs 750
      > Part Erasure (Degrevement) Rs 500 Rs 500
      > Pari Passu Free Minimum Rs 1,000
      > Erasure of charges Up to Rs 100 per charge Rs 100
     
    11 Guarantees
      Shipping Guarantees Rs 2,000 Rs 2,000
      Performance Bond 1.5% of amount per annum for the first Rs 5,000,000 (Minimum Rs 1,000) Plus 1% per
    annum for any extra amount over Rs 5,000,000
    1.5% of amount per annum for the first Rs 5,000,000.
    Plus 1% per annum for any extra amount over Rs 5,000,000 (Minimum Rs 1,500)
      Tender Bond 1% of amount for the first 6 months or part thereof (Minimum Rs 1,000) 0.25% of amount
    for each additional period of three months or part thereof (Minimum Rs 1,000)
    1% of amount for the first 6 months or part thereof (Minimum Rs
    1,000) 0.25% of amount for each additional period of three months or
    part thereof (Minimum Rs 1,000)
      Aval of negotiable instrument 2% of amount per annum (Minimum Rs 1,000) 2% of amount per annum (Minimum Rs 1,000)
      Advance payment bonds 2% of amount per annum (Minimum Rs 1,000) 1% of amount per annum (Minimum Rs 1,500)
      Retention bonds 2% of amount per annum (Minimum Rs 1,000) 2% of amount per annum (Minimum Rs 1,500)
      Payment Guarantees 2% of amount per annum (Minimum Rs 1,000) 2% of amount per annum (Minimum Rs 1,000)
      Customs Guarantee 1.5% of amount per annum (Minimum Rs 1,000) 1.5% of amount per annum (Minimum Rs 1,500)
     
      Guarantees in favour of Corporate/Government bodies for loans disbursement 2% of amount per annum (Minimum Rs 1,000) 2% of amount per annum (Minimum Rs 1,500)
      Other Guarantees 2% of amount per annum (Minimum Rs 1,000) 2% of amount per annum (Minimum Rs 1,000)
      Immigration Bond 1.5% of amount per annum (Minimum Rs 1,000) 1.5% of amount per annum (Minimum Rs 1,000)
      Financial Standing Rs 5,000
    Rs 5,000
     
      Amendments to Guarantees
      > Amount/Period etc Issuance charges apply
    Issuance charges apply
      > Other

    Rs 500

     

    Rs 500
      > Processing of Claim - Inward Guarantees Rs 1,000 Rs 1,000
      > Advising of Inward Guarantee Rs 1,000 Rs 1,000
     
      Documentary Letters of Credit Inward
      For advising a credit without adding confirmation N/A Rs 1000
      Adding confirmation N/A According to country and bank risk profile
      Transfer of Credit - Beneficiary Inside Mauritius N/A 0.25 % of amount; minimum Rs 1,000 plus SWIFT charges Rs 250
      Transfer of Credit - Beneficiary Outside Mauritius

    N/A 0.25 % of amount Minimum Rs 1,000 plus SWIFT charges Rs 500
      Un-utilised fee (if credit is 100% not utilised) N/A Rs 1000
      Cancellation N/A Free of charge
      Pre-Advice N/A Rs 400
      Advising an amendment N/A Rs 400
      Postage / Courier Services N/A Rs 750
      Payment / Negotiation Commission - in FCY N/A 0.125% of amount Minimum Rs 500 plus handling fee
      Payment / Negotiation Commission - in Rs N/A 0.50% of amount Minimum Rs 500 plus handling fee
      Draft/Document Acceptance N/A Rs 500
      Handling Fees N/A Rs 500
      Local Fees N/A Rs 200
      Swift Charges N/A Rs 250
      Documentary Letters of Credit Outward
      Opening Commission / Extension advised N/A 0.5% of amount for the first six months or part thereof (Minimum Rs 1500)
      Amount Increased Commission
    N/A 0.25% of amount for each additional quarterly period or part thereof (Minimum Rs 750) plus SWIFT charges Rs 500
      Acceptance/Deferred payment N/A 0.125% of amount per month or part thereof (Minimum of Rs 500)
      Payment N/A 0.25% of amount (Minimum Rs 1000) plus SWIFT charges Rs 250
      Amendments N/A Rs 500 plus SWIFT charges Rs 250
      SWIFT charges Letter of Credit (LC) opening N/A Rs 500
      SWIFT charges Letter of Credit (LC) amendments & other messages N/A Rs 250
      Discrepancy Fee - Account Beneficiary N/A USD 100
      Local Fee N/A Rs 250
      Unutilised Fee N/A Rs 1,000
      Cancellation Fee N/A Rs 1,000
      Revolving Letter of Credit (LC) N/A 1% of amount per annum (Minimum Rs 5,000)
      Bills for Collection - Inward / Imports
      Inward Bill for Collection Commission - Foreign N/A 0.5% of amount (Minimum Rs 1,000) plus SWIFT postage and local fee
      Inward Bill for Collection Commission - Local N/A 0.5% of amount (Minimum Rs 1,000) plus SWIFT, postage and local fee
      Postage Fee N/A Rs 100
      Local Fee N/A

    Rs 250

      Swift Charges Fee N/A Rs 250
      Fee for conversion of documents against payment (D/P) Tenor to
    Documents against acceptance (D/A) Tenor or extension of payment
    N/A 0.5% of amount (Minimum Rs 1,000)
      Commission on Unpaid bills N/A 0.5% of amount (Minimum Rs 1,000)
      Commission on Overdue bills N/A Rs 500 fortnightly
      Endorsement/Avalisation of bills N/A 2 % per annum (minimum Rs 1,000)
      Bills for Collection - Outward / Exports
      Outward Bills for collection commission N/A 0.5% of amount (Minimum Rs 1,000)
      Commission on Unpaid bill N/A 0.5% of amount (Minimum Rs 1,000)
      Local Fee N/A Rs 250
      Handling Fees N/A Rs 500
      SWIFT charges N/A Rs 250
      Postage/Courier Services N/A As per courier charges
      Bills Discounted / Invoice Discounted
      Foreign Currency bills N/A Libor plus applicable risk margin plus handling fees
      Local Currency bills PLR plus applicable risk margin plus handling fees PLR PLUS applicable risk margin plus handling fees
      Foreign Currency invoices N/A Libor plus applicable risk margin plus handling fees
      Local Currency invoices PLR plus applicable risk margin plus handling fees PLR PLUS applicable risk margin plus handling fees
      Handling commission - Foreign Currency N/A USD 50
      Handling commission - Local Currency Rs 500 Rs 500
     
  • D - General services

        Individuals Corporates
    12 Treasury Bills
      Account Opening Fee Rs 250 Rs 250
      Transaction Fee 0.15% - 0.40%

    Rs 100,000 to Rs 499,999.99: 0.40%                                                                                 

    Rs 500,000 to Rs 2,499,999.99: 0.35%    

    Rs 2,500,000 to Rs 4,999,999.99: 0.25%  

    Rs 5,000,000.00: 0.15%                                                    

      Annual Fee N/A N/A
      Replacement Fee
    (not applicable to Platinum Debit Card)
    Rs 115 (VAT inclusive) N/A
      Withdrawals
    (not applicable to Platinum Debit Card)
      N/A
      > Bank's ATM Free N/A
      > Other bank's ATM Rs 50 N/A
      > Overseas Rs 75 N/A
      Foreign Exchange (FOREX) fee on Debit Card*
    (Applicable to all Debit Cards)
    3% N/A
       
    14 Others
      Telegraphic Transfer USD 10 or Equivalent

    USD 10 or equivalent in currency concerned

      MACSS Facility    
      > Through Internet Banking Rs 75 Rs 100
      > Over the counter Rs 125 Rs 100
      Audit confirmation certificate Rs 175 - Rs 600 Rs 1000
      Testimonial / Banker's reference fee Rs 300 Rs 300
      Letter of reference Rs 300 Rs 500 per letter
      Payroll fee - manual Free Rs 25 per entry
      Payroll fee - Electronic Banking Free Rs 10 per entry
      Internet Banking fee
    Free

    Barclays Integrator: Rs600 per month

    Business Banking Internet Banking: Rs300 per month

      Duplicate statement of account Up to Rs 40 per sheet Rs 40 per sheet
      e - Statement Free Free of charge
      SWIFT Statement MT940, MT942, MT900, MT910, MT920, MT950 N/A Rs 750 per account
      Standing Instructions    
      > Another Barclays Account - excluding loans with Barclays Up to Rs 10 Rs 10
      > Transfer to other banks Up to Rs 30 Rs 30
      Unpaid Standing Order Rs 100 Rs 100
      Direct Debit (all types)
    Up to Rs 10 Up to Rs 15
      Unpaid Direct Debit Rs 100 Rs 100
      Purchase of foreign cheques/bank drafts Rs 125 + Overseas Bank Charges for foreign cheques/ drafts in: CHF: CHF 10 per item Rs 150 + Overseas bank charges as incurred
      Deposit of Foreign Currencies    
      > Notes/Travellers Cheques / Drafts 1% in lieu of exchange (minimum charge USD 10 and maximum USD 150 or equivalent).

    Notes: 1% commission in lieu of exchange on amount maximum Rs 5,000

    Travellers Cheques / drafts: 1% commission in lieu of exchange on amount deposited.

      Issue of drafts 0.5% commission in lieu of exchange (Minimum USD 25; Maximum USD 100) Rs 200
      Office cheque issuance Rs 100 to Rs 150 Rs 150
      Special Clearance Free Rs 200
      Cash Deposit fee less than Rs 50,000 N/A Free of charge
      Cash Deposit fee greater than Rs 50,000 N/A 0.2% flat
      Counter Withdrawal Fee below Rs 20,000 Up to Rs 50 Rs 50 plus plus VAT
      Cheque book facility Up to Rs 3 per sheet Rs 5 per sheet
      Cheque returned    
      > Inward Rs 25 Rs 100
      > Outward Rs 350 Rs 350
      Stop payment orders Lost/Stolen - Free
    Others - Up to Rs 100

    Lost/Stolen: Rs 100 

    Others : Rs 125

      ATM Access Fee Foreign cards Rs 120 N/A
      SMS Alert to customer Free Free
     
    15 CREDIT FACILITIES
    Credit Cards
    Type of Cards Barclaycard Platinum Barclaycard Gold Barclaycard Classic
    Interest Rate (Monthly) 2.13% 2.13% 2.13%
    Joining Fee NIL NIL NIL
    Annual Fee Rs 1725 (VAT inclusive) Rs 862.50 (VAT Inclusive) Rs 172.50 (VAT inclusive)
    Additional Cardholder Fee Rs 1150 (VAT inclusive) Rs 575 (VAT Inclusive) Rs 172.50 (VAT inclusive)
    Late Payment Fee 1% of amount due, minimum Rs 200 1% of amount due, minimum Rs 200 1% of amount due, minimum Rs 200
    Excess Limit Fee 1% of amount due, minimum Rs 200 1% of amount due, minimum Rs 200 1% of amount due, minimum Rs 200
    Cash Advance Fee 2% per transaction, minimum Rs 150
    2% per transaction, minimum Rs 150 2% per transaction, minimum Rs 150
    Returned Fee
    Rs 350 per item Rs 350 per item Rs 350 per item
    Increase Limit Fee NIL NIL NIL
    Replacement Fee Rs 200 Rs 200 Rs 200
    Interest Free Period Up to 52 days Up to 52 days Up to 52 days
    Minimum Payment 5% or minimum Rs 2,000 5% or minimum Rs 1,000 5% or minimum Rs 100
    Forex Fee 3% 3% 3%
    Instalment fee Rs 500 Rs 500 Rs 500
speech bubble with question mark

Need more help?

Call:

Tel: +230 402 1000
(24/7 Contact Centre)

Email:

customer.contact@barclays.com

Talk to us