Special Allowance Act 2024
The Special Allowance Act 2024 has been published, marking an important legislative update. Please find attached the full document attached for your reference.
AfrAsia : Cut-Off times during festive seasons
The AfrAsia Bank team has issued an important notice to inform clients about the public holidays and early cut-off times during the upcoming festive season.
The Bank will be closed on the following dates in observance of public holidays:
Wednesday, 1 January 2025 (New Year)
In case additional public holidays are declared during this period, a communiqué will be shared on the bank's website.
The central bank, stock exchange, depository, and other financial institutions will also remain closed on these dates. Consequently, no securities transactions, foreign exchange deals, or transaction requests will be processed or settled during this time. These will be handled on the next working day.
Early Branch Closure and Cut-off Times :
AfrAsia Bank's counters will close at 15:00 (Mauritius, GMT+4) on the following dates :
Tuesday, 31 December 2024
The cut-off times for specific services on these days are as follows:
Service Cut-off Time (GMT+4)
Manual Funds Transfers (MUR & FCY) 13:00
Trading and Custody Operations 13:00
Internet Banking Transactions 14:00
Clients are encouraged to submit payments before the respective cut-off times to ensure same-day value processing. Any instructions received after the cut-off times will be processed on the next working day.
For further details, you can contact your Relationship Manager.