When will my account be credited with the funds incoming from other banks?
Funds to and from other domestic banks are done through a gateway that is established at the central bank. Therefore the exchange between banks subject to the operating time of this system.
As a rule of thumb the following scenario is useful
Funds that are initiated before 12pm of a Banking Day will usually be credited to the corresponding account in the afternoon of the same day.
Funds that are sent after 12pm as well as those that are initiated on a Banking holiday will be credited to the corresponding on the morning of the subsequent Banking day.
Funds for large tickets that are submitted over the counter at a Branch will be initiated within 30 mins of receipt
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 ...
How do I withdraw from a kid's account?
For Kid's Savings account you will be able to withdraw part of the funds. However for Kaamiyaabu Kids account you will need to close the account in order to withdraw funds. Both of these actions can only be done by an authorised person visiting the ...
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 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 ...
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 ...