Bank of Maldives (BML) has increased deposit and withdrawal amounts for personal accounts.
With the changes, users will be able to withdraw MVR 25,000 and deposit MVR 50,000 on a daily basis. Dollar transactions are also changed; users can now withdraw US$ 1,600 and US$ 3,200
Prior to the changes, users were only able to withdraw MVR 10,000 and deposit MVR 25,000.
A service charge of MVR 75 is to be levied on any deposits made below MVR 25,000 to branches in Male’ or islands that have self-service ATMs.
Last year, alone transactions worth MVR 10 million were carried out using the bank’s 24 hour ATMs and self-service banking centers.
BML added that over this year, the bank will invest MVR 300 million as part of their ‘Aharenge Bank’ campaign.