List of Banks in Mauritius - Directory Options and More

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Mauritius has a well-established banking sector with a wide range of options to suit different needs.

There are over 20 banks operating in Mauritius, offering a variety of services including personal and business banking, investment services, and online banking.

Some of the major banks in Mauritius include the Bank of Mauritius, the central bank, and commercial banks like the State Bank of India and the Standard Chartered Bank.

These banks have a strong presence in the country, with many branches and ATMs located throughout the islands.

A different take: Banks and Banking Services

List of Banks

In Mauritius, there are numerous banks to choose from. We've compiled a list of 38 banks on the island.

You can easily find the details of each bank's BIN numbers by simply clicking on the bank's name.

Absa Limited

Absa Limited is a commercial bank with a presence in Mauritius.

Absa Bank Mauritius Limited is the local branch of Absa Limited, licensed by the Bank of Mauritius.

The address of Absa Bank Mauritius Limited is Absa House, located at 68 Wall Street Cybercity, Ebene 72201.

You can contact Absa Bank Mauritius Limited by dialing +230 402 1000.

Their official website is https://www.absabank.mu/.

Broaden your view: AfrAsia Bank Limited

List of 38

Exterior of modern bank building with arched passages
Credit: pexels.com, Exterior of modern bank building with arched passages

There are 38 banks listed from Mauritius, making it a significant presence in the region.

You can find the details of each bank's BIN numbers by simply clicking on the bank name.

This list is quite extensive, and you can use the filter provided to quickly find the specific bank you're looking for.

Just click on the bank name to view the details of its BIN numbers, and you'll have the information you need in no time.

You can use the filter below to find your target bank name, making it easier to navigate the list of 38 banks.

The Industry

The Mauritian banking industry is made up of 19 banks, which is a significant number. These banks are licensed by the Bank of Mauritius to operate locally and internationally.

You might be wondering what types of services these banks offer. Well, they provide a wide range of services, including traditional banking facilities, card-based payment services, and internet banking.

Beautiful coastal scene in Mauritius with clear turquoise waters and rocky shores.
Credit: pexels.com, Beautiful coastal scene in Mauritius with clear turquoise waters and rocky shores.

Some of the specialized services offered by banks in Mauritius include fund administration, custodial services, and structured lending. These services cater to the needs of corporate, institutional, and private clients.

The international banks present in Mauritius offer a range of global banking and financial services. This includes international cross-border activities, which are a key part of their operations.

Here's a breakdown of the different types of banks in Mauritius:

  • 5 local banks
  • 12 foreign banks (predominantly subsidiaries and a few branches)
  • 1 joint venture bank
  • 1 private bank

In spite of the challenges faced by the international banking industry, the domestic banking sector in Mauritius has shown satisfactory performance. This is evident from the official figures available from the Financial Stability Report of the Bank of Mauritius of December 2020.

Directory Options

If you're looking for a comprehensive list of banks in Mauritius, you're in luck. There are over 12 banks to choose from, including ABC Banking Corporation Ltd, Absa Bank (Mauritius) Limited, and AfrAsia Bank Limited.

These banks offer a range of services, from online banking to mobile banking. In fact, mobile banking is the most flexible way to enjoy online banking, according to the article.

For another approach, see: Afrasia Bank Zimbabwe Limited

Credit: youtube.com, ✅ The 3 Best Banks in Mauritius (Full Guide) - Open Bank Account

Here's a list of some of the banks you can find in the Mauritius Banking Directory:

  • ABC Banking Corporation Ltd
  • Absa Bank (Mauritius) Limited
  • AfrAsia Bank Limited
  • Bank of Baroda
  • Bank One Limited
  • BCP Bank (Mauritius) Ltd
  • Habib Bank Limited
  • HSBC Bank (Mauritius) Limited
  • Investec Bank (Mauritius) Ltd
  • MauBank Ltd
  • SBI (Mauritius) Limited
  • Silver Bank Limited
  • Standard Bank (Mauritius) Limited
  • Standard Chartered Bank (Mauritius) Ltd
  • SBM Bank (Mauritius) Ltd
  • The Hongkong and Shanghai Banking Corporation Limited
  • The Mauritius Commercial Bank Ltd

Complete Directory

If you're looking for a comprehensive directory of banks in Mauritius, you're in luck. There are 15 banks listed in the Complete Mauritius Banking Directory.

Here are some of the notable banks you can find in this directory. ABC Banking Corporation Ltd, Absa Bank (Mauritius) Limited, and AfrAsia Bank Limited are just a few of the many options available.

The directory also includes some international banks with a presence in Mauritius, such as Bank of Baroda and HSBC Bank (Mauritius) Limited.

Some of the local banks listed in the directory include MauBank Ltd and The Mauritius Commercial Bank Ltd.

How to Open an Account

Opening a bank account in Mauritius is a straightforward process, but it's essential to consider a few key factors.

To start, you'll want to research the bank's primary services and compare their rates and fees to ensure they're competitive.

A couple in Mauritius enjoying blowing bubbles in a lush field during sunset.
Credit: pexels.com, A couple in Mauritius enjoying blowing bubbles in a lush field during sunset.

You should also consider whether the bank offers remote services, such as mobile banking and 24/7 customer support, which can be a game-changer for busy individuals.

In fact, having access to mobile banking is a must for many people, so be sure to check if the bank offers this service.

For locals, both online and physical options are available, but not all banks offer mobile banking, so it's crucial to check beforehand.

If you're looking to open an offshore bank account in Mauritius, you'll need to consider additional factors, including whether your country is eligible to open an offshore account and what currencies the bank accommodates.

Here's a checklist to consider when opening a bank account in Mauritius:

  • What are the bank's primary services?
  • How are their rates and fees competitively?
  • Can I access remote services such as mobile banking and 24/7 customer support?
  • What other banking products do they offer?
  • Is the support reliable?
  • What primary languages do they use?

If you're opening an offshore account, you'll also want to consider the following:

  • Is my country eligible to open an offshore account in Mauritius?
  • Can I access and operate my account remotely?
  • What currencies do the banks in Mauritius accommodate?
  • Is my business activity acceptable for opening a Mauritius bank account?
  • What account types can I use?
  • Do I have all the necessary documents to apply for an account with a Mauritius bank?

Account Information

To access your account information with a bank in Mauritius, you'll need to have your account number, which is usually a 10-digit number. This can be found on your debit card, cheque book, or bank statement.

Some banks in Mauritius, such as the Bank of Baroda, offer online banking services that allow you to view your account information and perform transactions from the comfort of your own home. This can be a convenient way to manage your finances, especially if you're away from the bank.

Non-Resident Account

Discover the picturesque rocky shoreline of Rodrigues Island, Mauritius featuring vibrant blue seas.
Credit: pexels.com, Discover the picturesque rocky shoreline of Rodrigues Island, Mauritius featuring vibrant blue seas.

Opening a non-resident bank account in Mauritius is a viable option for foreigners, as it doesn't have inflated or overstated requirements like some European banks.

Many tourists opt to open accounts with Mauritius banks due to the country's ideal location between Africa and Asia, making it a convenient choice for international banking.

Foreigners can open bank accounts in Mauritius, and many countries, including South Africa, are eligible to do so as long as their laws allow it.

Citizens of South Africa, for instance, can open a private or company account with Mauritius banks, making it a great option for those looking to expand their financial reach.

Other countries can also open offshore accounts in Mauritius, as long as their financial regulations permit it.

Open Account Online

Opening a bank account online in Mauritius can be a convenient and efficient way to manage your finances. Most banks have an online application process on their websites that is self-directed.

Readers also liked: All Bank Online Banking

Credit: youtube.com, How to Open a business Bank Account Online

To ensure a smooth online application process, it's essential to confirm that you have access to the account remotely, especially for deposits and withdrawals. You also want to have access to support that is relatable to your time zone, meaning the bank should offer 24/7 support.

Some banks may require video calls for specific accounts and transactions to reduce fraudulent activities. Always check the bank's policies and procedures before applying online.

Here are some key considerations to keep in mind when opening a bank account online in Mauritius:

  • Check if the bank offers mobile banking services.
  • Verify that the bank's online platform is user-friendly and secure.
  • Ensure that the bank offers 24/7 customer support.

By considering these factors, you can have a positive online banking experience in Mauritius.

Bank Information

State Bank of Mauritius is a bank in Mauritius licensed by the Bank of Mauritius, the national banking regulator, as a commercial bank.

The Bank of Mauritius is the national banking regulator in Mauritius, responsible for overseeing and licensing banks in the country.

SBI Ltd

SBI Ltd is a bank with a presence in Mauritius.

Captivating view of sunlight shimmering on ocean waves along the Mauritius coastline.
Credit: pexels.com, Captivating view of sunlight shimmering on ocean waves along the Mauritius coastline.

You can find SBI (Mauritius) Ltd at the SBI Tower Mindspace Ebene Cybercity in Port Louis.

Their office is located on the 6th and 7th floor of the tower.

To get in touch with them, you can call +230404 4900 or send a fax to +230 454 6890.

Their email address is [email protected].

You can also visit their website at http://www.sbimauritius.com.

State

State banks are licensed by the national banking regulator, such as the Bank of Mauritius.

The State Bank of Mauritius, for example, is a commercial bank licensed by the Bank of Mauritius.

Frequently Asked Questions

Which bank is best in Mauritius?

According to Global Finance Awards, AfrAsia Bank is the Best Bank in Mauritius 2022, while Absa is a previous winner of this prestigious award.

Which is the biggest bank in Mauritius?

MCB Ltd is the leading banking institution in Mauritius, serving as the mainstay of the MCB Group Ltd. It has a long-standing presence in the country and has diversified its business activities across various market segments and geographies.

Angie Ernser

Senior Writer

Angie Ernser is a seasoned writer with a deep interest in financial markets. Her expertise lies in municipal bond investments, where she provides clear and insightful analysis to help readers understand the complexities of municipal bond markets. Ernser's articles are known for their clarity and practical advice, making them a valuable resource for both novice and experienced investors.

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