Low minimum deposit of MVR 5,000 or USD 500

Hassle-free application process. Now online!

Standing instruction services

Detailed transactions on internet and mobile banking

Cheque book facility with automated clearing

The Company, Sole Proprietorship or Partnership must be registered for more than one calendar month

The Association, Club or NGO must be registered for more than one calendar month

Completely filled Application Form

Board Resolution for account opening

Company stamp/seal

Original and copies of:

• Company registration certificate

• GST/BPT registration certificate

• Articles of Association

• Memorandum of Association

• ID cards of all the directors

• Company seal registration certificate 

• ID card of Secretary

• Company Information Profile Sheet obtained from the Ministry of Economic Development

• If the company is more than one year old, the most recent audit report is required. If not, the most recent utility bill must be submitted

• All the directors, authorised signatories and company secretary should fill individual information form.

• In the event of change of directors of the company, the company should submit the new information profile obtained from the Ministry of Economic Development, which endorses the new board of directors and the new quorum of the board of directors of the company

Completely filled Application Form

Original and copies of:

• Registration certificate

• GST/BPT registration certificate

• ID card of Owner

Completely filled Application Form

Board Resolution for account opening

Stamp/seal of entity

Original and copies of:

• Registration certificate

• GST/BPT registration certificate

• Partnership agreement or deed

• ID cards of all the partners

• Seal registration certificate 

• ID card of Secretary

• Partnership Information Profile Sheet obtained from the Ministry of Economic Development

• If the partnership is more than one year old, the most recent audit report is required. If not, the most recent utility bill must be submitted

• All the partners, authorised signatories and secretary should fill individual information form.

Completely filled Application Form

Organization stamp/seal

Original and copies of:

• Organization registration certificate

• “Hingaa Gavaaidhu” (Articles of Association/Memorandum of Associations

• ID cards of all the executive committee members

• List of steering/executive committee members obtained from ministry of youth sports and community empowerment 

• Steering/Executive Committee Resolution