BML to provide essential services through Sunday and Monday

The country’s national bank, Bank of Maldives has opened their doors for essential services through Sunday and Monday.

The reveal was made via a statement by the bank on Saturday, as such, the bank will provide essential services from 09:30am to 12:30pm on Sunday and Monday.

The statement reads that customers are required to fill out ande-maila TT application form with the relevant supporting documents such as the invoice, to the bank or submit a request for TT through internet banking.

Applications that are received by 11am will be processed the same day.

In addition, payroll requests will be accepted via e-mail as well and details of the required documents have been made available on the bank’swebsite.

Cheque processing for ATM cheques will also be provided, as such, all clearing cheques deposited to ATMs will be sent for clearing the next day and cheques deposited before 11:30am will be processed the same day.

Further, ACH requests received through internet banking by 10am will also be processed the same day for local bank transfers while transfers above MVR 100,000 that are requested through internet banking by 11:30am will be processed the same day as well along with MRTGS requests received by the same time.

The statement goes on to read that cash services have been halted at branches and only the customers authorized to do so can continue to use ATM services.

The daily deposit limit is MVR 200,000 for businesses and MVR 50,000 for individuals.

The bank’s branches and service centers remain closed as safeguarding the health of customers remains the highest priority of the bank. BML urged customers to access banking services online during the lockdown period, which was extended to a fortnight on Friday.