The chairman of the Seychelles Bankers Association (SBA), Mr Jocelyn Ah-Yu, has announced that the association will put on hold the handling fee of 0.20% that was going to be levied on large cash deposits.

The levy of 0.20% was going to come into effect on February 1 and was targeting cash deposits at commercial counters by corporate clients.

Mr Ah-Yu said the association would hold discussions with different sectors of the business community to clarify certain queries they had regarding the introduction of the levy.

SBA, he added, welcomes suggestions from the business community on the implementation the levy.

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