Business 2

Fixed Deposit Account

Fixed Deposit offers the option of investing funds for a specified period of time.

  • Minimum deposit of MVR10,000 or USD5,000
  • Term period from a minimum 06 months


Interest Rates

MVR 6 months 12 months 24 months over 24 months
10,000 to 50,000 2.00% 2.10% 2.20% 2.30%
50,001 to 1,000,000 2.10% 2.20% 2.30% 2.40%
1,000,001 to 5,000,000 2.20% 2.30% 2.40% 2.50%
5,000,001 to 10,000,000 2.30% 2.40% 2.50% 2.60%
10,000,001 and above 2.40% 2.50% 2.60% 2.70%

*All rates are in percentages per annum


USD 6 months 12 months 24 months over 24 months
10,000 to 50,000 1.50% 1.60% 1.70% 1.80%
50,001 to 100,000 1.60% 1.70% 1.80% 1.90%
100,001 to 250,000 1.70% 1.80% 1.90% 2.00%
250,001 to 1,000,000 1.80% 1.90% 2.00% 2.10%
1,000,001 and above 1.90% 2.00% 2.10% 2.20%

*All rates are in percentages per annum

How can I open an account?

You can make an appointment to open new accounts by calling the BML Contact Center at 3330200, and arrange for a convenient time to visit the branch.

You can submit an Account Opening Form for Business and Institutions along with the supporting documents to the branch.

Please allow up to 5 working days for your account to be opened. Once the account has been opened, you will receive an SMS to your phone with your account number.

Account Opening form along with all supporting documents should be brought for new account opening when visiting the branch.

Review the account opening checklist and make sure to submit all the required documents.

Quick Links

Schedule of Charges