..:: State Bank of Mauritius ::..

31 Jul 2010

Term Deposits
a)	The minimum deposit is Rs 50,000
b)	A fee of Rs 25 is charged for issuing duplicate Fixed Deposit Certificate
c)	Encashment of deposit prior to maturity is at the discretion of the Bank
d)	Interest may be forfeited if funds are withdrawn within 3 months of date of deposit
Floating Rate Deposit
	A penalty of 1% calculated from deposit date is charged on encashment of deposit prior to maturity date
Fixed Rate Deposit
	Interest payable at 1percent below applicable rate for past period or savings rate whichever is lower + breakage cost as applicable