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| Savings Products | Rate of Interest p.a% | |
|---|---|---|
| MVR | USD | |
| Savings Account | 1.50% | 1.25% |
| Children Savings Account | 2.25% | 2.00% |
| Youth Savings Account | 1.50% | 1.25% |
| Senior Citizen’s Account | 2.25% | 2.00% |
| Women’s Savings Account | 2.00% | 1.75% |
| Power Savings Account | Balance above MVR 250,000 – 2.50% | Balance above USD 25,000 – 2.25% |
| Balance between MVR 50,000 to 250,000 – 2.25% | Balance between USD 5,000 – 25,000 – 2.00% | |
| Balance below MVR 50,000 – 2.00% | Balance below USD 5,000 – 1.75% | |
| Smart Savings Account | 3.00% | |
| Fixed Deposits | Rate of Interest p.a% | |
|---|---|---|
| MVR | USD | |
| 1 Months | 3.00% | 2.75% |
| 3 Months | 5.00% | 5.00% |
| 6 Months | 5.50% | 5.50% |
| 12 Months – at maturity | 5.50% | 5.50% |
| 12 Months – monthly interest | 5.30% | |
| 24 Months – annually | 4.60% | |
| 24 Months – at maturity | 4.60% | |
| 36 Months – annually | 4.75% | |
| 60 Months – at maturity | 5.60% | 5.60 |
| Currency as of Today | Buying rate | Selling Rate | USD Cross rate |
|---|---|---|---|
| US Dollars [USD] | 15.42 | 15.42 | |
| EURO [EUR] | 16.4716 | 18.5163 | 1.1102 |
| Sterling Pound [GBP] | 19.3382 | 21.3428 | 1.3191 |
| Japanese Yen [JPY] | 0.1076 | 0.1077 | 143.24 |
| Singapore Dollars [SGD] | 11.0419 | 12.6757 | 1.2965 |
| Bangladeshi Taka [BDT] Indicative | 120.00 | ||
| Sri Lankan Rupees [LKR] Indicative | 303.50 |
| Item No. | Description | FEE/RATE (MVR) | FEE/RATE (USD) |
|---|---|---|---|
| CURRENT ACCOUNTS | |||
| 1.1 | Minimum amount to Open an account Non Personal A/C Personal A/C | MVR 5,000/- MVR 5,000/- | USD 500/- USD 500/- |
| 1.2 | Monthly Service Charge Non-Personal A/C – Monthly Avg. Bal < MVR 5,000/- or USD 500/- Personal A/C – Monthly Avg. Bal < MVR 2,500/- or USD 250/- Dormant Accounts | MVR 100/- per month MVR 100/- per month MVR 10/- per month | USD 10/- per month USD 10/- per month USD 10/- per month |
| 1.3 | Outward Cheque Returns Non-sufficient funds Other Technical Reasons | MVR 750/- MVR 100/- | USD 50/- USD 10/- |
| 1.4 | Cheque Marked for Payment (Payment Guarantee) (a) Inward (b) Outward | MVR 50/- MVR 50/- | USD 5/- USD 5/- |
| 1.5 | Stop payments: Per request Due to lack of Funds Others | MVR 500/- MVR 100/- | USD 50/- USD 10/- |
| 1.6 | Current A/C Statements – Monthly Services Charge 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/- 25 Leaves – MVR 250/- | 50 Leaves – USD 35/- 25 Leaves – USD 17.50/- |
| 1.10 | Closure of Current Accounts For bad conduct On Customer Request Additional fee for Unreturned Cheque Leaves (per leaf) | MVR 200/- MVR 200/- MVR 25/- | USD 20/- USD 20/- 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 30/- | 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 Children Savings Youth Savings Power Savings Senior Citizens Account Women’s Savings Account Smart Savings Account | 1.50% p.a. 2.25% p.a 1.50% p.a Below MVR 50,000 – 2.00% p.a MVR 50,000 – MVR 250,000 -2.25% p.a Above MVR 250,000 – 2.50% p.a 2.25% p.a 2.00% p.a 3.00% p.a | 1.25% p.a. 2.00% p.a 1.25% p.a Below USD 5,000 – 1.75% p.a USD 5,000 – USD 25,000 – 2.00% p.a. Above USD 25,000 – 2.25% p.a 2.00% p.a 1.75% p.a N/A |
| 2.2 | Minimum amount to Open an account Personal – MVR 500/- or USD 50/- Children Savings – MVR 100 or USD 10 Youth Savings – MVR 100 or USD 10 Power Savings – MVR 5000 or USD 500 Senior citizen Account – MVR 500 or USD 50 | ||
| 2.3 | Monthly Service Charge Personal A/C – Monthly Avg. Bal < MVR 250/- or USD 30/- Dormant Accounts | MVR 20/- MVR 20/- | USD 2/- 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% |
Savings
| Savings Products | Rate of Interest p.a% | |
|---|---|---|
| MVR | USD | |
| Savings Account | 1.50% | 1.25% |
| Children Savings Account | 2.25% | 2.00% |
| Youth Savings Account | 1.50% | 1.25% |
| Senior Citizen’s Account | 2.25% | 2.00% |
| Women’s Savings Account | 2.00% | 1.75% |
| Power Savings Account | Balance above MVR 250,000 – 2.50% | Balance above USD 25,000 – 2.25% |
| Balance between MVR 50,000 to 250,000 – 2.25% | Balance between USD 5,000 – 25,000 – 2.00% | |
| Balance below MVR 50,000 – 2.00% | Balance below USD 5,000 – 1.75% | |
| Smart Savings Account | 3.00% | |
Deposits
| Fixed Deposits | Rate of Interest p.a% | |
|---|---|---|
| MVR | USD | |
| 1 Months | 3.00% | 2.75% |
| 3 Months | 5.00% | 5.00% |
| 6 Months | 5.50% | 5.50% |
| 12 Months – at maturity | 5.50% | 5.50% |
| 12 Months – monthly interest | 5.30% | |
| 24 Months – annually | 4.60% | |
| 24 Months – at maturity | 4.60% | |
| 36 Months – annually | 4.75% | |
| 60 Months – at maturity | 5.60% | 5.60 |
H.Filigasdhoshuge,
Ameeru Ahmed Magu,
Male 20066
+960 3332668
