Fixed Deposit

Save smartly: your money is safe and returns are guaranteed so you have complete peace of mind.

  • Fixed Deposits can be opened in MVR and USD.
  • The time-periods of the Fixed Deposits in Rufiyaa range from three months to five years.
  • For Fixed Deposits in USD the time-periods range from three months to twelve months.
  • Interest is payable at maturity.

 

Terms and conditions may be reviewed periodically without prior notice.

    Term and Roll Over Deposit

    It is agreed and understood that:

    The Bank may, in its sole and absolute discretion, accept or refuse requests for pre-termination.

    If a Fixed Deposit is withdrawn with the consent of The Mauritius Commercial Bank (Maldives) Pvt Ltd:

    • If withdrawn within 3 (three) months of deposit placement, no interest shall be payable.
    • If withdrawn after 3 (three) months but before maturity,

    - Interest shall be payable, on the deposit amount at the applicable rate for the actual completed tenure; and
    - A penalty of 1% per annum shall be applied on the deposit amount for the remaining period until the original maturity date.