BML increases ATM cash deposit limit

BML self-service banking center in Hulhumale'. (File Photo/BML)

Bank of Maldives (BML), on Wednesday, announced the decision to temporarily increase its daily ATM cash deposit limit.

BML’s branches and service centers remain closed during the lockdown on the greater Male’ region, as the capital combats a surge in virus cases.

BML has announced it has decided to temporarily increase the daily ATM deposit limit for both personal and business customers so that they can reduce ATM visits in order to reduce their risk of exposure to the virus.

The deposit limit for personal customers has been increased from MVR 50,000 to MVR 100,000, and the limit for business customers has been increased from MVR 200,000 to MVR 500,000.

BML has stressed that the health and safety of its staff and customers remained its top priority amid the public health emergency. And while the bank’s branches and service centers will remain closed during the lockdown, customers with permits may withdraw or deposit cash through ATMs.

The bank had recently increased debit card withdrawal limits overseas and enabled international transfers through MVR accounts in an effort to support Maldivian nationals overseas.

The bank said it continued to identify measures to support its customers during the current crisis.