Bank of Maldives (BML) has launched a new Self Service Banking ATM in Dharavandhoo island of Baa Atoll.

According to BML, the new ATM is "part of the Bank’s MVR 300 million investment program to expand banking services and financial inclusion across the country".

“In addition to the usual cash withdrawal facilities, it will support local individuals and businesses to deposit and transfer money on a 24/7 basis,” said the Bank.

The ATM was officially inaugurated at a ceremony held on the island on Sunday, where BML’s Deputy CEO and Director of Operations Mohamed Shareef said that the new self-serving banking ATM “represents an important milestone in making banking services widely accessible to the people of this country.”

“We are delighted to be able to support the people, businesses, and economy of Dharavandhoo with our ongoing investment program,” he said.