What is the minimum deposit required to open an account?

What is the minimum deposit required to open an account?

Savings Account: 

  • MVR 1000 for MVR accounts

  • USD 100 for USD accounts

Current Account: 

  • MVR 2500 for MVR accounts

  • USD 250 for USD accounts

Business Account: 

  • MVR 5000 for MVR accounts

  • USD 500 for USD accounts

Kids Account: 

  • MVR 100 for MVR accounts

  • USD 10 for USD accounts

Kaamiyaabu Kids Account: 

  • MVR 2500 for MVR accounts

  • USD 150 for USD accounts

    • Related Articles

    • 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 ...
    • How long does it take to open a business account in MIB ?

      Step 1: Getting the application filled and collecting all the necessary documentation. Forms required 1. Account Opening application for businesses 2. Information Form for the company 3. Information Form for all the Directors and Company Secretary ...
    • 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 ...
    • Can I open MIB account online?

      We working towards offering you a digital onboarding solution soon. Please stay tuned.
    • Do I have to come to bank to open my account?

      With ApplyNow Portal you are no longer required to come to bank to open an account. You can submit application online and our associates will do guide you through the rest of the way. 1. You can apply for the card and we can have it ready to pick up ...