State Bank of India, Maldives offers various Deposit products to suit the varying needs of the customers. We offer

• Term Deposit Account
• Savings Bank Account
• Current Account

The features of the various accounts are as follows:

Term Deposit Account

• Term Deposit Account(in MVR and USD)
• Attractive & Competitive Interest Rates
• Minimum deposit as low as MVR 10000 or USD 1000
• Choice of tenor
  • 3- 6 months
  • 6-12 months
  • 12-24 months
  • 24-36 months
• Encashable anytime (conditions apply)
• Loan facility against deposit at attractive rate
• Applications to be filled up and submitted to us, duly enclosing the Know Your Customer (KYC) documents like National ID, Passport, Work Visa Card and Photograph
• All types of deposits are covered under the Deposit Insurance Scheme of MMA up to MVR 30,000.00 per depositor.

Savings Bank Account

• Savings Bank Account (in MVR and USD) Come and experience the joy of opening account through Welcome Kit (Issue of A/C No & ATM Card Immediate)
• Initial Deposit of MVR 200  or USD 50 with lien mark
• Attractive & Competitive Interest Rates to be paid at six months interval
• Account Maintenance charges for Expat Only
• Joint account facility available
• SBI International ATM Debit Card (MasterCard enabled)
• Transact seamlessly through Internet Banking
• SMS Alert facility available
• Applications to be filled up and submitted to us, duly enclosing the Know Your Customer (KYC) documents like
  • National ID
  • Passport
  • Work Visa Card
  • Photograph (Not more than 3 months old)

Savings Account opening request can be submitted online via YONO Maldives mobile application for individiuals

Current Accounts

• Current Account(in MVR and USD)
• Initial Deposit of MVR 5,000 or USD 500
• Internet banking facility available
• Low minimum daily balance of MVR 5,000 or USD 500
• Statement of Account by email at every month
• Applications to be filled up and submitted to us, duly enclosing the Know Your Customer (KYC) documents.