Bank of Maldives introduces a temporary increase in daily ATM Cash Deposit limit

PUBLISHED April 22, 2020

Bank of Maldives had previously announced that all its branches and service centres will remain closed during lockdown. However, at the same time the bank is working to identify measures to navigate the situation better.


As such, a temporary increase in the daily ATM Cash Deposit limit has been implemented to reduce ATM visits for both personal and business customers. According to the bank, personal customers can currently deposit MVR 100,000, which is two times the amount deposited previously; MVR 50,000. Business customers can deposit MVR 500,000 from their previous limit, MVR 200,000.


Bank of Maldives urges all customers to stay home and bank online as all essential banking services including International Transfers, Payroll and Local bank transfers will be accepted online and processed during working hours. 


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