Deposits

To help you face the challenges of an ever-changing economic environment, we can provide flexible (fixed or floating) and yet secure interest rate deposits with terms ranging from 3 to 72 months.

What is a deposit?
It is a secure way of investing capital over an agreed time period, at a pre-determined interest rate base, so as to generate regular interest distributions to the investor throughout the investment period. This form of investment usually suits those who do not wish to be exposed to any risk of fluctuations in their capital base, and/or those who are in need of regular income streams to be derived therefrom.
Deposits are usually available in two alternative forms: fixed rate and floating rate

Fixed rate deposits usually suit clients who need a fixed amount of income stream over the investment period. (Effective as from 18th August 2016) 
 
DEPOSIT TERM
IN MONTHS
MONTHLY  QUARTERLY  HALF YEARLY  YEARLY  MATURITY
3 - - - - 2.45%
6 - - - - 2.55%
12 2.95% 3.00% 3.05% - 3.20%
24 3.55% 3.60% 3.65% 3.70% 3.80%
36 3.90% 3.95% 4.00% 4.05% 4.20%
48 4.35% 4.40% 4.45% 4.50% 4.80%
60 4.60% 4.65% 4.70% 4.80% 5.20%
72 4.80% 4.85% 4.90% 5.00% 5.60%

N.B: Minimum Amount Rs 100,000.00
 
Floating rate deposits are exposed to variations in the Base Deposit Rate (BDR), determined and reviewable by Bank of Mauritius, which could have a direct effect on the investor's deposit rate itself and hence his income stream. This effect could be either positive or negative, depending on whether there are increases or decreases in the BDR. (Effective as from 18th August 2016)

Base Deposit Rate ("BDR") : 3.10% p.a

DEPOSIT TERM
IN MONTHS 
MONTHLY QUARTERLY HALF YEARLY YEARLY MATURITY
3 - - - - 2.50%
(BDR-0.60%p.a)
6 - - - - 2.60%
(BDR-0.50%p.a)
12 3.05%
(BDR+-0.05%p.a)
3.10%
(BDR+0%p.a)
3.15%
(BDR+0.05%p.a)
- 3.35%
(BDR+0.25%p.a)
24 3.70%
(BDR+0.60%p.a)
3.75%
(BDR+0.65%p.a)
3.80%
(BDR+0.70%p.a)
3.85%
(BDR+0.75% p.a)
3.95%
(BDR+0.85%p.a)
36 4.00%
(BDR+0.90%p.a)
4.05%
(BDR+0.95%p.a)
4.10%
(BDR+1.00%p.a)
4.15%
(BDR+1.05% p.a)
4.35%
(BDR+1.25%p.a)
48 4.45%
(BDR+1.35%p.a)
4.50%
(BDR+1.40%p.a)
4.55%
(BDR+1.45%p.a)
4.60%
(BDR+1.50% p.a)
4.95%
(BDR+1.85%p.a)
60 4.70%
(BDR+1.60% p.a)
4.75%
(BDR+1.65%p.a)
4.80%
(BDR+1.70%p.a)
4.90%
(BDR+1.80% p.a)
5.35%
(BDR+2.25%p.a)

N.B: Minimum Amount Rs 100,000.00
 
Please note that the above rates are only indicative and as such are not legally binding. 
Download our latest rates
 
Should you be interested in any of our deposit terms, please contact us for assistance.