Terms &

Conditions
MAUBANK TERM DEPOSIT CAMPAIGN 2020

These following Terms and Conditions “Terms and Conditions” shall apply to the Fixed
Deposit campaign “Campaign” during the Campaign Period.

1. MauBank Limited (Bank) has launched a Term Deposit Campaign, which is opened to
Personal Banking Customers (individuals) only and pertains to Local Currency Term
Deposit solely.

2. MauBank Term Deposit Campaign is valid until 31 March 2020.

3. For this campaign, the minimum required amount to open Local Currency Term Deposit
account is MUR 50,000 (Mauritian Rupees Fifty Thousand only) and this applies to new
Term deposit only.

4. This Campaign Terms and Conditions must be read with the respective product terms
and the relevant banking agreements. If there are any inconsistencies between these
terms and the relevant product terms and the banking agreement, these terms shall
prevail limited only to the inconsistencies.

5. You may consult our tariff guide for the applicable penalty in relation to Local Currency
Term Deposit uplift before maturity on our website www.maubank.mu or in any of our
branches.

6. By participating in this Campaign, participants are to be bound by all the revised Terms
and Conditions as stated herein.
Eligibility
7. This Campaign is open to the following:
a. MauBank Customers
b. Non-MauBank Customers

Promotional Rate Offer

8. Each Eligible Client who satisfies all requirements set out in this Campaign’s Terms and
Conditions will enjoy the following Term Deposit promotional rate as per Table A below.
Table A
TERM
INTEREST PAYMENT FREQUENCY (% P.A)
DEPOSIT
HALF-
TENOR MONTHLY QUATERLY YEARLY MATURITY INTEREST TYPE
YEARLY
12 MONTHS 2.40 NA NA NA 2.50 FIXED
24 MONTHS 3.05 3.10 3.15 3.20 3.25 FIXED
36 MONTHS 3.10 3.15 3.20 3.25 3.30 FIXED

The above rate does not apply to deposits with tenor of more than 36 months nor to renewal
of the Local Currency Fixed Deposit at maturity. For deposit with a tenor of more than 36
months and for renewal of the Local Currency Fixed Deposit at maturity, the normal published
rates will apply.

9. Multiple placements per client are permitted subject to the conditions set out in Table
A.
 10. All Term Deposit placements under this campaign shall be automatically renewed upon
maturity for identical period at the normal interest rate prevailing at that time, unless
otherwise specifically advised by the Depositor before due date. A notice of maturity
will be issued 1 month prior to the maturity date. However, the timeline between the
original maturity date and subsequent automatic renewals shall not exceed seven years.
In such cases, upon expiry of the seven-year period, the term deposit will be closed and
the proceeds will be transferred to your operating account held with the Bank. In all
other cases, Terms Deposits will be renewed on maturity only upon instruction by the
depositor. A notice of maturity will be issued to the customer 1 month prior the maturity
date.
General
11. The Bank reserves the right at any time and from time to time to modify or discontinue,
temporarily or permanently this campaign with or without prior notice due to reason
outside its control (including, without limitation, in the case of anticipated, suspected
or actual fraud). The decision of the Bank is final and binding.

12. The Bank shall not be liable for any failure to comply with its obligations where the
failure is caused by something outside its reasonable control or any other circumstances
amounting to force majeure.

13. In the event of any inconsistency between these Terms and Conditions and any
advertising, promotional, publicity and other materials relating to or in connection with
the promotion, these Terms and Conditions shall prevail.

14. For all other Terms and Conditions, please refer to General Terms and Conditions for
operation of bank accounts with MauBank Ltd available in the Bank’s branches and on
our website www.maubank.mu.