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AfricaMoney | August 23, 2017

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State Bank of Mauritius Ltd makes banking even more accessible to you

State Bank of Mauritius Ltd makes banking even more accessible to you

The presentation of these two products suits goes in line with the celebration of SBM 41st anniversary, period during which SBM has contributed to the democratization of the economy. (Image: Business Mega)

The State Bank of Mauritius Ltd (SBM) presented, yesterday September 4, 2014 during a press conference, two new products which are going to promote the free access to banking services namely the SBM All-in-One Account and the Senior Citizens Account.

The SBM All-in-One account which is proposed to the customers since a few years now was revised and proposes a multitude of free services today.

Some other services which have been made available to the public are: Internet Banking, free debit card, unlimited access to the SBM automatic teller machines, free in-house permanent transfers from an SBM customer to another, absence of additional fees for cash deposits and withdrawals, absence of fee for the in receipt of money through the electronic payment channels, absence of charge for salaries, pension and social security which have been credited on the account and finally no maintenance fees and access for the Mobile Banking Services.

“We have not forgotten our origins and from where we started our business. We are indeed proud to make banking even more accessible to our customers and be closer to them. In this line of thought, we are offering our SBM All-in-One account with basic banking facilities – all free of charge,” said Eddirao Balloo, Head of Sales, Branches and Private Banking at SBM.

“We are confident that this SBM All-in-one account will be beneficial to the whole Mauritian population as we want to provide access to banking facilities to all Mauritians including Rodriguans,” he said.

Furthermore, “with the revamping of the Senior Citizens account, we want to provide to our seniors who have toiled hard for the country with greater opportunities for a better retirement. This new feature will encourage our seniors to pay their bills directly from the Bank rather than queuing up at counters to settle same. It is worth reminding that with the Senior Citizens account, they will benefit from higher savings rate of 0.5% than a normal savings account,” he concluded.

Finally, the presentation of these two products suits goes in line with the celebration of SBM 41st anniversary, period during which SBM has contributed to the democratization of the economy.

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