Currency Code Buying rate Selling Rate USD Cross rate
Rates as at 14.08.2025
USD US Dollars * 15.41 15.42 -
EUR EURO * 17.7230 19.1917 1.1701
GBP Sterling Pound * 20.6109 21.2411 1.3575
JPY Japanese Yen 0.1050 0.1052 146.6600
SGD Singapore Dollars * 11.7696 12.2937 1.2793
BDT Bangladeshi Taka (Indicative) 0.1269 0.1270 121.45
LKR Sri Lankan Rupees (Indicative) 0.0512 0.0513 300.80
AED United Arab Emirates Dirhams 4.1851 4.2107 3.6721
AUD Australian Dollars 9.9441 10.2589 0.6553
CAD Canadian Dollar 11.1199 11.2901 1.3758
CHF Swiss Franc 18.9010 19.3889 0.8053
CNY Yuan Renminbi 2.1462 2.1536 7.1702
DKK Danish Krone 2.4129 2.4221 6.3764
HKD Hong Kong Dollar 1.9607 1.9670 7.8493
IDR Indonesian Rupiah 0.0010 0.0010 16115.00
INR Indian Rupee 0.1762 0.1763 87.4509
MYR Malaysian Ringgit 3.6656 3.6855 4.1940
NOK Norwegian Krone 1.5105 1.5144 10.1922
NZD New Zealand Dollars 9.0549 9.3692 0.5976
SAR Saudi Arabia Riyals 4.0960 4.1206 3.7522
SEK Swedish Krone 1.6123 1.6167 9.5477
THB Thailand Baht 0.4772 0.4778 32.2800
* Currencies accepted by the Bank for cash transactions.

Item No. Description FEE/RATE (MVR) FEE/RATE (USD)
CURRENT ACCOUNTS
1.1 Minimum amount to Open an account
Non Personal A/C MVR 5,000/- USD 500/-
Personal A/C MVR 5,000/- USD 500/-
1.2 Monthly Service Charge
Non-Personal A/C – Monthly Avg. Bal < MVR 5,000/- or USD 500/- MVR 100/- per month USD 10/- per month
Personal A/C – Monthly Avg. Bal < MVR 2,500/- or USD 250/- MVR 100/- per month USD 10/- per month
Dormant Accounts MVR 100/- per month USD 10/- per month
1.3 Outward Cheque Returns
Non-sufficient funds MVR 750/- USD 50/-
Other Technical Reasons MVR 100/- USD 10/-
1.4 Cheque Marked for Payment (Payment Guarantee)
(a) Inward MVR 50/- USD 5/-
(b) Outward MVR 50/- USD 5/-
1.5 Stop payments: Per request
Due to lack of Funds MVR 500/- USD 50/-
Others MVR 100/- USD 10/-
1.6 Current A/C Statements – Monthly ServicesCharge | e-Statements No Charge -
1.7 Printed copies of Statements MVR 50/- USD 5/-
1.8 Local Bills Purchased
(including Pay Orders issued by other banks at the Banks discretion)		 0.75% of Transaction 0.75% of Transaction
1.9 Cost of Cheque Books (per cheque Book)
50 Leaves MVR 500/- USD 35/-
25 Leaves MVR 250/- USD 17.50/-
1.10 Closure of Current Accounts
For bad conduct MVR 200/- USD 20/-
On Customer Request MVR 200/- USD 20/-
Additional fee for Unreturned Cheque Leaves (per leaf) MVR 25/- USD 2.50/-
1.11 Preparation of Cash Orders 0.25% of the cash Order Plus Transport Cost 0.25% of the cash Order Plus Transport Cost
1.12 Photocopy of a paid cheque MVR 50/- USD 5/-
1.13 Regulatory enforced payments MVR 300/- USD 25/-
1.14 Deposit of USD 5/- currency notes or below N/A 3%
1.16 All Types of Bank References MVR 200/- USD 15/-
1.17 Excess Management Fee MVR 150/- USD 10/-

Item No. Description FEE/RATE (MVR) FEE/RATE (USD)
SAVINGS ACCOUNTS
2.1 Interest Rates
Savings Accounts
1.50% p.a.
1.25% p.a.
Children Savings
2.25% p.a.
2.00% p.a.
Youth Savings
1.50% p.a.
1.25% p.a.
Power Savings
Below MVR 50,000 – 2.00% p.a.
Below USD 5,000 – 1.75% p.a.
MVR 50,000 – MVR 250,000 – 2.25% p.a.
USD 5,000 – USD 25,000 – 2.00% p.a.
Above MVR 250,000 – 2.50% p.a.
Above USD 25,000 – 2.25% p.a.
Senior Citizens Account
2.25% p.a.
2.00% p.a.
Women’s Savings Account
Balance below MVR 5,000 – 1.50% p.a.
Balance below USD 500 – 1.25% p.a.
Balance above MVR 5,000 – 2.50% p.a.
Balance above USD 500 – 2.00% p.a.
Smart Savings Account
3.00% p.a.
N/A
2.2 Minimum amount to Open an account
Personal
MVR 500/-
USD 50/-
Children Savings
MVR 100/-
USD 10/-
Youth Savings
MVR 100/-
USD 10/-
Power Savings
MVR 5000/-
USD 500/-
Senior citizen Account
MVR 500/-
USD 50/-
2.3 Monthly Service Charge
Personal A/C – Monthly Avg. Bal < MVR 250/- or USD 30/-
MVR 20/-
USD 2/-
Dormant Accounts
MVR 20/-
USD 2/-
2.4 Closure of Savings Accounts
MVR 50/-
USD 5/-
2.5 Printed copies of Statements
MVR 30/-
USD 2/-
2.6 Regulatory enforced payments
MVR 300/-
USD 25/-
2.7 Deposit of USD 5/- currency notes or below
N/A
3%

Note: If Passport/Work Permit/Work Visa presented to the Bank expires, interest will not be paid from the date of expiry until renewed valid documents are received.

No. Description FEE/RATE (MVR) FEE/RATE (USD)
Counter eFD Counter eFD
3.1 Interest Rates
01 Month 1.60% p.a. 1.75% p.a. 1.35% p.a. -
03 Months 2.25% p.a. 2.50% p.a. 2.50% p.a. 2.60% p.a.
06 Months 2.50% p.a. 2.60% p.a. 2.75% p.a. 2.85% p.a.
12 Months – monthly interest 2.75% p.a. 3.00% p.a. - -
12 Months – at maturity 3.00% p.a. 3.10% p.a. 3.50% p.a. 3.75% p.a.
24 Months – Int. Annually - - 4.00% p.a. 4.10% p.a.
24 Months – at maturity 4.00% p.a. 4.10% p.a. - -
36 Months – Int. Annually - - 4.25% p.a. 4.35% p.a.
60 Months – at maturity 4.25% p.a. 4.50% p.a. 4.75% p.a. 4.85% p.a.
Note: The above rates are for deposits up to MVR 500,000/- (or equivalent amount of USDs). For deposits above MVR 500,000/- (or equivalent amount of USDs), please contact the Treasury Department.
3.2 Minimum deposit MVR 5,600/- USD 360/-
3.3 Early Redemption / Withdrawal Interest will be paid 1% below the prevailing interest rates for savings accounts for period of investment at the time of redemption Interest will be paid 1% below the prevailing interest rates for savings accounts for period of investment at the time of redemption

No. Description FEE/RATE (MVR) FEE/RATE (USD)
GENERAL OPERATIONS
4.1 Balance confirmations to Embassies, Auditors & Other Institutions (per confirmation) Search fee for Collection of Data for Tax purposes, interest recovered/ paid etc.
Non-Personal Accounts MVR 200/- USD 15/-
Personal Accounts MVR 150/- USD 15/-
4.2 Pay Orders – Issuance (Customer Only) 0.5% (Max MVR 3,000/- | Min MVR 25/-) 0.5% (Max USD 250/- | Min USD 5/-)
Cancellation MVR 100/- USD 5/-
Issuance of Duplicate Pay Orders 0.5% (Max MVR 3,000/- | Min MVR 25/-) 0.5% (Max USD 250/- | Min USD 5/-)
4.3 Transfer Orders
(a) Setting Up Charges MVR 50/- USD 5/-
(b) Amendments MVR 50/- USD 5/-
(c) Non-sufficient funds MVR 50/- USD 5/-
4.4 ACH Transfers (per transaction) Manual Transfers
Outward Free Free
Inward Free Free
Internet Banking Transfers Free Free
4.5 RTGS Transfers (per transaction) Manual Transfers
Outward Transfer Free Free
Inward Transfers Free Free
Internet Banking Transfers Free Free
4.6 Manual Fund Transfers (Internal fund transfers)
Up to 01 item Free Free
Above 01 items MVR 10/- per additional item USD 1/- per additional item
4.7 Internet Banking
Personal Customers
Joining Fee MVR 50/- USD 5/-
Annual Fee MVR 50/- USD 5/-
Personal Customers
Joining Fee – per user MVR 50/- USD 5/-
Annual Fee – per user MVR 50/- USD 5/-
4.8 SMS Alert Free Free
4.9 e-Passbook Facility Free Free
4.10 Salary Remittance Package/Paymaster facility (Commission per schedule) Free Free
4.11 Salary Schedules (Manual Transfers)
Up to 30 items MVR 100/- USD 10/-
Above 30 items MVR 500/- USD 50/-

Item No. Description FEE/RATE (MVR) FEE/RATE (USD)
CARDS
5.1
VISA Cards - Credit Cards (CLASSIC)
(a) Joining fee MVR 200/- USD 15/-
(b) Annual fee MVR 450/- USD 35/-
(c) Supplementary Card Joining fee MVR 200/- USD 15/-
(d) Supplementary Card annual fee MVR 450/- USD 35/-
(e) Interest rate per month 2.85% 2.85%
VISA Cards - Credit Cards (GOLD)
(a) Joining fee MVR 500/- USD 35/-
(b) Annual fee MVR 800/- USD 60/-
(c) Supplementary Card Joining fee MVR 400/- USD 35/-
(d) Supplementary Card annual fee MVR 800/- USD 55/-
(e) Interest rate per month 2.85% 2.85%
VISA Cards - Credit Cards (PLATINUM)
(a) Joining fee MVR 900/- USD 60/-
(b) Annual fee MVR 1500/- USD 100/-
(c) Supplementary Card Joining fee MVR 900/- USD 60/-
(d) Supplementary Card annual fee MVR 1500/- USD 100/-
(e) Interest rate per month 2.50% 2.50%
UNIONPAY Cards - Credit Cards (CLASSIC)
(a) Joining fee N/A USD 15/-
(b) Annual fee N/A USD 35/-
(c) Supplementary Card Joining fee N/A USD 15/-
(d) Supplementary Card annual fee N/A USD 35/-
(e) Interest rate per month N/A 2.85%
UNIONPAY Cards - Credit Cards (PLATINUM)
(a) Joining fee N/A USD 60/-
(b) Annual fee N/A USD 100/-
(c) Supplementary Card Joining fee N/A USD 60/-
(d) Supplementary Card annual fee N/A USD 100/-
(e) Interest rate per month N/A 2.50%
Note: UnionPay Cards will be issued in USD Currency and enabled for International transactions only.
Debit Cards
(a) Joining fee MVR 50/- USD 5/-
(b) Annual fee MVR 50/- USD 5/-
(c) Card replacement fee MVR 50/- USD 5/-
(d) PIN Reissue Fee MVR 50/- USD 5/-
(e) Late Payment Fee MVR 25/- USD 2/-
(f) Copy/Limit Change MVR 25/- USD 2/-
(g) Cash Advance Fee 3% (Minimum MVR 50/-) 3% (Minimum USD 5/-)
(h) Duplicate statement (per month) MVR 25/- USD 2/-
(i) Cash Withdrawals from other Bank Cards MVR 30/- USD 3/-

Item No. Description FEE/RATE (MVR) FEE/RATE (USD)
REMITTANCES
6.1 Outward Remittances
6.1.1 SWIFT Payments
Commercial or personal transfers
MVR equivalent of the USD amounts
0.67% Up to USD 100,000/- (Min USD 5/- Max USD 300/-) *+
0.25% above USD 100,001/- (Min USD 300/- Max USD 500/-) *+
MVR equivalent of the USD amounts
Foreign Bank Charges – Actual + SWIFT/Telex Charges – USD 15/-
6.1.2 E -Remittance (Expatriate Salaries)
To Accounts with – Commercial Bank of Ceylon – Sri Lanka – Commercial Bank of Bangladesh MVR equivalent of the USD fee
Upto USD 750 – USD 3/-
From USD 751 – 1,000 – USD 4/-
USD 1,001 – 2,000 – USD 5/-
USD 2,001 – 5,000 – USD 10/-
USD 5,001 – 20,000 – USD 20/-
USD 20,001 – 50,000 – USD 25/-
USD 50,001 – 100,000 – USD 30/-
USD 100,000 above – USD 50/-
To Sri Lankan and Bangladesh Other Bank Accounts MVR equivalent of the USD fee
Upto USD 1,000 – USD 5/-
USD 1,001 – 2,000 – USD 10/-
USD 2,001 – 5,000 – USD 12/-
USD 5,001 – 20,000 – USD 25/-
USD 20,001 – 50,000 – USD 30/-
USD 50,000 above – USD 50/-
* Remittances to the following Banks will apply SWIFT charges and other foreign Bank Charges:
  • People’s Bank
  • Nations Trust Bank (NTB)
  • Standard Chartered Bank
  • HSBC
  • Deutsche Bank
E-Remittance (Commercial transfers)
To CBC – Sri Lanka or other Sri Lankan Accounts 		MVR equivalent of the USD amounts
* 0.67% Up to USD 100,000/- (Min USD 5/- Max USD 250/-) +
*0.25% above USD 100,001/- (Min USD 250/- Max USD 500/-) +
* Cable Charges – USD 15/- +
* Remittances to the following Banks will apply SWIFT charges and other foreign Bank Charges:
  • Bank Charges.
  • People’s Bank
  • Nations Trust Bank (NTB)
  • Standard Chartered Bank
  • Hong Kong & Shanghai Bank Corporation (HSBC)
  • Deutsche Bank
6.2 Inward Remittances (SWIFT)
Upto USD 100/- USD 5/-
From USD 101/- to USD 10,000/- USD 15/-
From USD 10,001/- to USD 100,000/- USD 25/-
Above USD 100,000/- USD 35/-
6.3 Inquiries (Inward / Outward Remittances – SWIFT) USD 15/-

Item No. Description FEE/RATE (MVR) FEE/RATE (USD)
ADVANCES
7.1 Interest Rates
7.1.1 Base Rates
01 month or 03 months SOFR
7.1.2 Loans
Corporates
9% – 12% p.a
 3 month term SOFR + Risk based margin (5% – 10%p.a)
SME
11% – 13% p.a
Retail
10% – 14 % p.a
Loans under SME Credit Guarantee Scheme by MMA
9% p.a.
Rehendhi Loan
9.5% p.a.
Personal Loan
13.50-14.75% p.a
Housing Loan
9-12% p.a.
Home Construction Loans
9-12% p.a.
7.1.3 Overdrafts
Corporates
10% – 13% p.a
 1 month term SOFR + Risk based margin (6% -10% p.a)
SME
12% – 14% p.a
Retail
11% – 15% p.a.
7.1.4 Facilities Against Deposits (90% of the Savings or Fixed Deposit)
7.5% p.a.
7.5% p.a.
7.1.5 Temporary Overdrafts (Sanctioned Limits)
13% – 18% p.a.
12% – 16% p.a.
7.1.6 Casual Overdrafts (Unauthorized drawings)
20% p.a
18% p.a
7.2 Facility arrangements fees and Other Charges
7.2.1 New Facility
1.5% of the facility amount | Min MVR 2,500/-
1.5% of the facility amount | Min USD 500/-
Loans under SME Credit Guarantee Scheme by MMA
MVR 2,500/-
 -
Rehendhi Loan
MVR 750/-
 -
Personal Loans
0.75% (Min MVR 1,000/-)
 -
Housing Loans
0.5% of the loan amount
 -
Home Construction Loans
0.5% of the loan amount (Max MVR 25,000)
 -
7.2.2 Enhancements (On enhanced amount)
1.5% of the facility amount Min MVR 1,000/-
1.5% of the facility amount Min USD 100/-
7.2.3 Extension (Renewals/Extension/Reschedulement)
1.5% of the facility amount Min MVR 1,000/-
1.5% of the facility amount Min USD 100/-
7.2.4 Amendments(except increase in term of facilities)
0.5% Min MVR 2,500/-
0.5% Min USD 500/-
7.2.5 Undrawn amounts(for amounts greater than MVR 1,000,000/- or USD 100,000/-)
0.5% per quarter on the undrawn amount Min MVR 10,000/-
0.5% per quarter on the undrawn amount Min USD 1,000/-
7.2.6 Early repayment fee on the repaid amount For Home Loans
Repaid fully or partially within 1/4 of the agreed period – 3%
Repaid fully or partially within 1/2 of the agreed period – 2%
Repaid fully or partially within 3/4 of the agreed period – 1%
Other Term Loans
1% to 5% on the amount repaid. This will vary depending on the point of the tenure of the loan where the repayment has been made
7.2.7 Overdue Charges
Term Loans
5% over the lending rate
5% over the lending rate
Revolving Loans (RSTL/IDL/STL)
2% over the lending rate
2% over the lending rate
7.2.8 Facility Secured by Cash
Below MVR 500,000 – MVR 1,000/-
Below USD 50,000 – USD 100/-
Above MVR 500,000 – MVR 2,000/-
Above USD 50,000 – USD 200/-