Terms and Conditions MauBank Term Deposit Campaign 2025

These following Terms and Conditions (“Terms and Conditions”) will apply to the Fixed Deposit promotional campaign (“Campaign”) run by MauBank Ltd (“the Bank”) during the specified campaign period.

1. Campaign Overview

1.1. MauBank Ltd has launched a Term Deposit Campaign open to both individual and non-individual depositors. This campaign is applicable solely to Term Deposits in Mauritian Rupees (Local Currency).

1.2. The Campaign is valid from 04 April 2025 to 04 July 2025, inclusive.

1.3. A minimum deposit of MUR 100,000 (Mauritian Rupees One Hundred Thousand only) is required to open a Term Deposit account under this Campaign.

2. Promotional Rate Offer

2.1. Eligible clients who fulfill all campaign requirements will benefit from the promotional interest rates listed in Table A below:

The Annual Effective Rate (AER) is 4.23% is based on the rate of interest of 4.50% for 36 months, with interest payable at maturity.

2.2. The above rates are applicable exclusively for 24-month and 36-month deposits. For other tenors, standard published rates shall apply.

2.3. Customers may open multiple Term Deposits under this Campaign, subject to conditions specified in Table A.

2.4. All Term Deposits under this Campaign shall be automatically renewed upon maturity for an identical term at the prevailing interest rate at that time, unless the customer provides alternative instructions before the maturity date. A maturity notice will be issued one month in advance.

2.5. Automatic renewals shall not exceed a total deposit period of seven (7) years. Thereafter, renewals will be processed only upon explicit customer instruction.

3. Eligibility

3.1. The Campaign is open to the following:

- Existing MauBank customers
- New (Non-MauBank) customers
- Staff members of MauBank Ltd

4. General

By participating to this Campaign, customers agree to be bound by these Terms in full.

4.1. MauBank reserves the right, at its sole discretion and at any time, to modify, suspend, or terminate the Campaign (in whole or in part), with or without prior notice, including in cases of events beyond its control (e.g., force majeure, regulatory changes, or actual/suspected fraud).

4.2. The Bank shall not be liable for failure to fulfill its obligations where such failure arises due to events beyond its reasonable control.

4.3. In case of conflict between these Terms and any advertising or promotional material related to the Campaign, these Terms shall prevail.

4.4. Early withdrawal penalties for Local Currency Term Deposits shall apply as per the Bank’s Tariff Guide, available at www.maubank.mu or at any MauBank Business Centre.

4.5. For any other terms and conditions governing bank account operations, please refer to MauBank’s General Terms & Conditions available at any Business Centre or online at www.maubank.mu.

These Terms must be read in conjunction with the Bank’s standard product terms and the relevant banking agreement. In the event of any discrepancy, these Terms shall prevail solely to the extent of the inconsistency.