Currency Code Buying rate Selling Rate USD Cross rate
Rates as at 23.07.2026
USD US Dollars * 15.41 15.42 1.00
LKR Sri Lankan Rupee 0.0458 0.0459 336.20
BDT Bangladeshi Taka 0.1253 0.1254 123.00
AUD Australian Dollar 10.6545 10.9698 0.7014
EUR Euro * 17.3008 19.6250 1.1427
GBP British Pound * 20.3227 21.8471 1.3388
NZD New Zealand Dollar 8.8084 9.1225 0.5816
SGD Singapore Dollar * 11.6813 12.1974 1.2892
AED UAE Dirham 4.1845 4.2101 3.6726
CNY Chinese Yuan 2.2733 2.2815 6.7686
DKK Danish Krone 2.3523 2.3610 6.5410
HKD Hong Kong Dollar 1.9630 1.9693 7.8401
THB Thai Baht 0.4565 0.4570 33.7500
SAR Saudi Riyal 4.0943 4.1188 3.7538
IDR Indonesian Rupiah 0.0009 0.0009 17890.00
INR Indian Rupee 0.1596 0.1597 96.5600
NOK Norwegian Krone 1.6092 1.6136 9.5661
SEK Swedish Krona 1.5911 1.5954 9.6753
CAD Canadian Dollar 10.8789 11.0419 1.4065
CHF Swiss Franc 18.7151 19.1934 0.8134
MYR Malaysian Ringgit 3.7659 3.7868 4.0820
JPY Japanese Yen 0.0945 0.0946 163.07
*Currencies accepted by the Bank for cash transactions.
Foreign Currency Note:

All tariffs and charges are quoted in United States Dollars (USD). Where payment is made in British Pounds Sterling (GBP) or Euros (EUR), the numerical value of the charge shall remain the same as the USD stated - for example, a charge of USD 50 shall equally apply as GBP 50 or EUR 50. No currency conversion adjustments will be applied.

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 Service Charge | e-Statements No Charge -
1.7 Printed copies of Statements per month MVR 50/- USD 5/-
1.8 Local Bills Purchased
(including Pay Orders issued by other banks at 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
1.13 Photocopy of paid cheque MVR 50/- USD 5/-
1.14 Regulatory enforced payments MVR 300/- USD 25/-
1.15 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/-

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 - 250,000 – 2.25% p.a. USD 5,000 - 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.
Rehendhi Savings Account Below MVR 5,000 – 1.50% p.a. Below USD 500 – 1.25% p.a.
Above MVR 5,000 – 2.50% p.a. Above USD 500 – 2.00% p.a.
Smart Savings Account

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.
 3.00% p.a. Product not available
2.2 Minimum amount to Open an account
Personal Savings 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/- (No charge for Minor accounts) MVR 20/- USD 2/-
Dormant Accounts MVR 40/- USD 3/-
2.4 Closure of Savings Accounts MVR 50/- USD 5/-
2.5 Printed copies of Statements per month 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%

No. Description FEE/RATE (MVR) FEE/RATE (USD)
Counter eFD Counter eFD
3.1 Interest Rates
01 Month 1.60% 1.75% 1.35% -
03 Months 2.25% 2.50% 2.50% 2.60%
06 Months 2.50% 2.60% 2.75% 2.85%
12 Months – monthly interest 2.75% 3.00% - -
12 Months – Int. at maturity 3.00% 3.10% 3.50% 3.75%
24 Months – Int. Annually - - 4.00% 4.10%
24 Months – Int. at maturity 4.00% 4.10% - -
36 Months – Int. Annually - - 4.25% 4.35%
60 Months – at maturity 4.25% 4.50% 4.75% 4.85%
Note: The above rates are deposits up to MVR 500,000/- (or equivalent amount of USDs). For deposits above MVR 500,000/- (or equivalent amount of USDs) or for FDs in Euro & GBP please contact the Treasury Department.
3.2 Minimum deposit MVR 10,000/- USD 1,000/-
3.3 Early Redemption / Withdrawal Interest will be paid 1% below the prevailling interest rates for savings accounts for period of investments at the time of redemption. Interest will be paid 1% below the prevailling interest rates for savings accounts for period of investments 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 Tax purposes
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/-
CARDS (VISA / UNIONPAY / DEBIT)
4.4 VISA Cards - Credit Cards (CLASSIC)
(a) Joining fee MVR 250/- USD 15/-
(b) Annual fee MVR 500/- 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 30/-
(b) Annual fee MVR 800/- USD 55/-
(c) Supplementary Card joining fee MVR 400/- USD 30/-
(d) Supplementary Card annual fee MVR 800/- USD 55/-
(e) Interest rate per month 2.65% 2.65%
VISA Cards - Credit Cards (PLATINUM)
(a) Joining fee MVR 900/- USD 60/-
(b) Annual fee MVR 1500/- USD 100/-
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 / (b) Annual fee MVR 50/- each USD 5/- each
Card Service Fees
(a) Card replacement fee MVR 125/- USD 10/-
(b) PIN Reissue Fee MVR 50/- USD 5/-
(c) Late Payment Fee MVR 65/- USD 5/-
(d) Over Limit Charge MVR 65/- USD 5/-
(e) Cash Advance Fees 3% (Minimum MVR 25/-) 3% (Minimum USD 2/-)
(f) Copies of statement (per month) MVR 25/- USD 2/-
(g) Cash withdrawals from other Bank Cards MVR 30/- USD 2/-
(h) Foreign Transaction Fee (MVR Credit Cards) 7.5%
4.5 ACH Transfers (per transaction) Manual Transfers
Outward Free Free
Inward Free Free
Internet Banking Transfers Free Free
4.6 RTGS Transfers (per transaction) Manual Transfers
Outward Transfer Free Free
Inward Transfers Free Free
Internet Banking Transfers Free Free
4.7 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
4.8 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)
REMITTANCES
5.1 Outward Remittances
5.1.1 SWIFT Payments
Commercial or personal transfers
MVR equivalent of the USD amounts
0.67% Up to USD 100,000/- (Min USD 5/- Max USD 335/-) *+
0.25% above USD 100,001/- (Min USD 335/- Max USD 700/-) *+
MVR equivalent of the USD amounts
Foreign Bank Charges – Actual + SWIFT/Telex Charges – USD 15/-
5.1.2 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 50,000 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:
  • People’s Bank
  • Nations Trust Bank (NTB)
  • Standard Chartered Bank
  • Hong Kong & Shanghai Bank Corporation (HSBC)
  • Deutsche Bank
5.2 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/-
5.3 Inquiries (Inward / Outward Remittances – SWIFT) USD 15/-

Item No. Description FEE/RATE (MVR) FEE/RATE (USD)
ADVANCES
6.1 Interest Rates
6.1.1 Base Rates
01 month or 03 months SOFR
6.1.2 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 - 15.25% p.a
Housing Loan
9-12% p.a.
Home Construction Loans
9-12% p.a.
6.1.3 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.
6.1.4 Facilities Against Deposits (90% of the Savings or Fixed Deposit)
7.5% p.a.
7.5% p.a.
8.1.5 Temporary Overdrafts (Sanctioned Limits)
13% – 18% p.a.
12% – 16% p.a.
6.1.6 Casual Overdrafts (Unauthorized drawings)
20% p.a
18% p.a
6.2 Facility arrangements fees and Other Charges
6.2.1 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)
 -
6.2.2 Enhancements (On enhanced amount)
1.5% of the facility amount Min MVR 1,000/-
1.5% of the facility amount Min USD 100/-
6.2.3 Extension (Renewals/Extension/Reschedulement)
1.5% of the facility amount Min MVR 1,000/-
1.5% of the facility amount Min USD 100/-
6.2.4 Amendments(except increase in term of facilities)
0.5% Min MVR 2,500/-
0.5% Min USD 500/-
6.2.5 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/-
6.2.6 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
6.2.7 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

Item No. Description FEE/RATE (MVR) FEE/RATE (USD)
7.1 LETTERS OF CREDIT
7.1.1 Issuing Commission (Including Tolerance)
7.1.1.1 Sight L/C
For each quarter 0.35%
For each additional month exceeding any number of quarters 0.25% PM
Minimum USD 50/-
SWIFT Charges USD 50/-
Note – PQ - Per Quarter (90 Days) | PM - Per Month (30 Days)
7.1.1.2 Usance L/C
For each quarter (including usance period) 0.5% PQ
For each additional month exceeding any number of quarters 0.25% PM
Minimum USD 50/-
SWIFT Charges USD 50/-
7.1.2 Extensions (including Tolerance)
Extensions for the date of issuance of the extension upto the new expiry date per month or part
For Sight LCs 0.35% PM
For Usance LCs (including Usance period) 0.5% PM
Minimum USD 25/-
SWIFT Charges USD 15/-
Foreign Bank Charges Actual
7.1.3 Enhancement (on enhanced amount - inclusive of Tolerance)
On the enhanced amount from the date of issuance of the enhancement upto the expiry date per month or part
For Sight LCs 0.35% PM
For Usance LCs (including Usance period) 0.5% PM
Minimum USD 25/-
SWIFT Charges USD 15/-
Foreign Bank Charges Actual
7.1.4 Other Amendments
Handling Charges USD 35/-
SWIFT Charges USD 15/-
Foreign Bank Charges Actual
7.1.5 Local LC Advising Charges – From Beneficiary USD 20/-
7.1.6 LC Confirmation Charges (On LC Value plus Tolerance) 2%
7.1.7 LC Cancellation
Handling Fee USD 25/-
SWIFT Charges USD 15/-
7.2 SHIPPING GUARANTEES/ADVANCE DOCUMENTS
7.2.1 Shipping Guarantee Commission
On invoice value 0.375%
Minimum USD 25/-
7.2.2 Shipping Guarantees Outstanding beyond one month of issuance USD 10 PM
7.2.3 Advance Documents USD 30/-
7.3 DOCUMENTARY COLLECTION
7.3.1 Documents Against Payment (D/P)
Commission 0.5% of value
Minimum USD 25/-
SWIFT Charges USD 15/-
Postages Actual
7.3.2 Documents Against Acceptance (D/A)
Commission 0.5% of Value
Minimum USD 25/-
SWIFT Charges USD 15/-
Postages Actual
7.3.3 Overdue DA Bills Commission USD 25/- PM
7.3.4 Amendments
Commission USD 20/-
7.3.5 Collection Bills – Other Charges
Return of documents not paid USD 25/-
Counter Charges Actual
SWIFT Charges USD 15/-
7.4 LC BILLS PAYMENT
7.4.1 Sight
Commission 1%
Minimum USD 25/-
SWIFT Charges USD 15/-
Foreign Bank Charges Actual
Discrepancy Charges USD 100/-
7.4.2 Usance
Acceptance Commission 1%
Minimum USD 25/-
SWIFT Charges USD 15/-
Foreign Bank Charges Actual
Discrepancy Charges USD 100/-
7.5 GUARANTEES
7.5.1 Issuing Commission (All types)
Against 100% cash margin for each Guarantee 1.5% per annum 1.5% per annum
Against a lien on interest bearing deposit 2.0% per annum 2.0% per annum
Against Counter Guarantees 2.0% per annum 2.0% per annum
Against other securities 2.5% per annum 2.5% per annum
Minimum Commission MVR 500/- USD 50/-
Note - Calculation of commission should be for the entire quarter (even if the expiry is within the quarter) and collected upfront.

Bank Gurantee Administration Fee:
For all New Gurantee requests / amendments / extensions received less than 5 business days prior to the required date.
- MVR 700/-
- USD 50/-
(The above is addition to the issuing commission mentioned above)
7.5.2 Amendments
7.5.2.1 Extension within same quarter MVR 250/- USD 25/-
7.5.2.2 Extension exceeding previously charged quarter (for each 90 days on available Balance) Extension after expiry and Enhancements
Against 100% cash margin for each Guarantee 1.0% per annum 1.0% per annum
Against a lien on interest bearing deposit 1.5% per annum 1.5% per annum
Against Counter Guarantees 2.0% per annum 2.0% per annum
Against other securities 2.5% per annum 2.5% per annum
Minimum Commission MVR 500/- USD 50/-
7.5.2.3 Other Amendments MVR 500/- USD 50/-
7.5.3 Processing Fee
Bank and Approved Formats NIL NIL
Other Formats MVR 100/- USD 10/-
7.5.4 Claims handling Charge MVR 100/- USD 10/-
7.5.5 Cancellation of Guarantees
Non-Submission of Original Guarantee Bond after expiry. MVR 100/- USD 10/-
Submission of Original Guarantee Bond No Charge No Charge
7.5.6 Advising Guarantees issued by foreign banks without any responsibility of bank USD 15/-

Item No. Description FEE/RATE (MVR) FEE/RATE (USD)
8.1 Letter of Credit Advising
8.1.1 L/C Advising
Customer (benefiaciary) USD 35/-
Non Customer (benefiaciary) USD 50/-
To applicant USD 75/-
8.1.2 L/C Amendments
Enhancements USD 30/-
Extension USD 25/-
Other Amendments USD 25/-
8.1.3 LC Confirmation 0.75% PQ
8.1.4 LC Cancellation USD 30/-
8.2 Export Bills - Documentary Collections (DP/DA)
8.2.1 On Collection Basis
Collection Commission 0.25% (Minimum USD 25/-)
8.2.2 Purchase / Discount of Bills
Discounting interest rate SOFR 1 month + 11% | Minimum USD 50/- 0.5%
Commission Minimum USD 25/-
8.3 Export Bills - Under Lettr of Credit
8.3.1 Negotiation / Purchase
Discounting interest SOFR 1 month + 11% | Minimum USD 50/-
Commission 0.75% | Minimum USD 25/-
8.3.2 On Presentation Basis
Commission 0.75% | Minimum USD 25/-
8.4 SWIFT Charges
Per Message USD 15/-