Deposit Products

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

  • 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
  • For Interest Rates, please visit Service Charges and Fees

Savings Bank Account

  • Initial Deposit of MVR 1000 or USD 100
  • Attractive & Competitive Interest Rates
  • Low minimum daily balance of MVR 1000 or USD 100
  • No maintenance charges
  • Joint account facility available
  • SBI International ATM Debit Card (MasterCard enabled)
  • Internet banking facility available
  • For Interest Rates, please visit Service Charges and Fees

Current Accounts

  • Initial Deposit of MVR 10000 or USD 2000
  • Internet banking facility available
  • SBI International ATM Debit Card (MasterCard enabled) for Individual accounts
  • Low minimum daily balance of MVR 10000 or USD 2000