State Bank of IndiaMALE’ BRANCH

DEPOSITS & SERVICES

DEPOSIT YOURTREASURESSAFE AND

SOUND

State Bank of IndiaREPUBLIC OF MALDIVES

3312111 (phone)www.sbimaldives.com

Male’S.Hithadhoo &Adh.Maamigili

Branches

All charges, rates, terms and conditions are subject to change

form time to time

DEPOSITS & SERVICES

Savings Bank Account(in MVR and USD)

Initial Deposit of MVR 1000 or USD 100

Attractive & Competitive Interest Rates to be paid at six months interval

Low minimum daily balance of MVR 1000 or USD 100

No maintenance charges

Joint account facility available

Free SBI International ATM Debit Card (MasterCard enabled)

Internet banking / SMS Alert facility available

Passbook issued to record all transactions

Applications to be filled up and submitted to us, duly enclosing the Know Your Customer (KYC) documents like

1. National ID

2. Passport

3. Work Visa Card

4. Photograph (Not more than 3 months old)

Time 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 / 6 - <24 / 24 -<48 / 48 - <36

months

Joint Account Facility

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.

Current Account

Initial Deposit of MVR 10000 or USD 2000

Internet banking facility available

Free SBI International ATM Debit Card (MasterCard

enabled) for Individual accounts

Low minimum daily balance of MVR 10000 or USD

2000

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.

For Individuals

1. National ID/ Work Visa Card 2. Passport

3. Photograph

Safe Deposit Lockers

For the safety of your valuables, we offer safe deposit

locker facility at SBI, Male' against deposit of small

amount. There is a nominal annual rent, which

depends on the size of the locker. The rent is payable

in advance for the Financial Year. A copy of the locker

agreement regarding operation of the locker can be

provided to the locker hirer at the time of allotment of

the locker. Application duly filed and signed to be

provided to us along with a cheque for the annual

rent.

For Companies

1. Registration Certificate 2. Memorandum of Association

3. Articles of Assocation 4. Audited Financials

Locker Services

A) Small Sized Locker (5”X10”) – Fixed deposit for minimum 3 years

10000/-

B) Small Sized Locker (5”X10”) – Annual rent *

1000/-

C) Big Sized Locker (10”X10”) – Fixed deposit for minimum 3 years

20000/-

D)Big Sized Locker (10”X10”) – Annual rent* 1500/-

*To be paid upfront and no refund whatsoever will be allowed

Miscellaneous Cash Handling Services1Cash Handling Services for US Dollar Currency Notes

A) Savings Account – For withdrawals - USD 2001/- & above per month **

0.50%

B) Current Account – For withdrawals - USD 10001/- & above per month **

0.50%

C) Cash receipts of more than 100 pieces of USD 1/- denomination per instance

3.00%

** For the entire amount