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Bank Guarantees

Bank Guarantee is an irrevocable commitment by MauBank to pay a specified sum of money in the event that the party requesting the guarantee fails to perform the promise or discharge the liability to a third person in case of the requestors default.



A bank guarantee may suit your business if you need to promise payment to a third party, (e. g: to secure a business contract or leasing arrangement) or if you are in an industry such as property development, building, contracting or retailing.

Types of Guarantees:
  • Tender bond
  • Performance bond
  • Advance Payment guarantee
  • Retention Money guarantee
  • Customs guarantee
  • Avalisation of bill of exchange
  • Expatriate guarantee
  • Shipping guarantee issued in the absence of original Bills of lading as regards to imports
  • GFA (Garantie Financiere d’Achevement)

Other Types of Account/Services at MauBank

SME Current Account

Manage your daily business transactions easily with cheque book facilities, overdraft options, and digital access via e-banking.

  • Minimum initial deposit: MUR 5,000
  • Maintenance fees: Half yearly (Dec & June)
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SME Current Account
Foreign Currency Account

Ideal for SMEs with international partners or payments. Earn interest and transact globally in major currencies.

  • Straightforward entry requirements
  • Earn interest on meaningful balances
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Foreign Currency Account