Internet Banking Appointment Portal USD Booking BML Rewards Gift Card Merchant Portal Kindly by BML
Favara Instant Payment System (IPS)

What is 'Favara'?

“Favara” is the Instant Payment System (IPS) provided in collaboration with MMA to enable instant domestic transfers between local banks.

Favara is available for transfers between Bank of Maldives (BML), State Bank of India (SBI), Maldives Islamic Bank (MIB), Bank of Ceylon (BOC) and Mauritius Commercial Bank (MCB)

Favara Transfers made from Bank of Maldives to MIB and SBI are instant through Favara, available on Internet Banking for all BML customers.

Transactions limits

All transactions on Favara are counted within the daily Internet Banking transfer limit of MVR 200,000.

Useful downloads

FAQ - Favara English