How frequently is the MIB kids saving account profit deposited ?
It is deposited Semi Annually.
What is the difference between children saving account and kaamiyaabu kids account ?
Kids Savings Account Can withdraw full or partial funds anytime by visiting branch Operates similar to a savings account with a profit sharing ratio of 30:70 Kaamiyaabu Kids Account Designed to work similar to an investment account with profits being ...
How much profit did I earn from my deposit?
We publish the profit rates for each month during the first week of the subsequent month regularly on our website. Your profit will be credited to you account in the prescribed period relevant to your account. Published Profit Rates
How to open an account
Fully Digital Online Account Opening You can now easily submit account opening online through ApplyNow Portal. Login using efaas and choose Account Opening for New Customers. We also conduct Banking Day sessions at Large Companies and Government ...
What happens to Kids Account when the child is 18?
The same account can be transferred to the child once the child is 18 years old. Please visit the nearest branch to complete the formalities and they can then proceed to use the same account number and get a debit card for their account and register ...
Requirements for Opening a Kid's Account
The following are the requirements to open a account for a Child. Children Below 10 Years Maldivian Application form set NID card of the Child NID of mother / father / legal parent Mandate form for both mother and father want to become signatories ...