Help Center

Current Account

Designed for Businesses and Organisations to manage their funds and regular transactions.

Supercharge your account with the amazing capabilities of FaisaNet built from ground up with business banking needs as a blueprint.

FaisaNet

Business Class Internet Banking

Versatile to support any operational requirement

Secure Cheques

Secure your cheques with online control

  • 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

  • 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

  • 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

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Related Downloads

Business Account Account opening form - Business (Fillable)
Business Account Information form - Business (Fillable)
Business Account Board resolution format - Company
Business Account Check list for business account opening
Terms and Conditions Terms & Conditions for MIB accounts
Business Account Standing order form
Business Account RTGS Remittance application form
Business Account Account transfer form
All Downloads

Frequently Asked Questions

We publish the profit rates for each month at the beginning of the subsequent month. It is updated regularly on our website.

Simply submit an application through ApplyNow portal to open an investment account. The profit rates earned for each month are published in at the beginning of the subsequent month. You may refer to the List of Bank Charges to learn more about Profit Sharing Ratio offered to various accounts.

Parents or Guardians with the mandate to operate the account can request to add the associated account to their profile in FaisaNet. Please submit your request through ApplyNow Portal.

The authorised person will need to visit the branch in order to withdraw from a kids account. You will not be able to do any transactions online for kids account

You can simply download a statement for the desired period using FaisaNet.

You can follow the process below to fetch your statement.

Accounts > Select account number > Choose the preferred date (From- To) 

No. We encourage you to use our online banking service FaisaNet and FaisaMobile to monitor your account and take statements.

We provide cheque books to the holders of current accounts only. Please note that there is a fee charged as per the List of Bank Charges for issuance of cheque books.

The same account can be transferred to the child once the child is 18 years old. Please visit the nearest branch to complete the formalities.

  • Valid ID card of the Child

  • Valid ID card of the Parent/ Guardian who will operate the account

  • Birth Certificate will be required for Children who are above 10 years.

  • For children under guardianship official documents that show the guardianship is require

  • A valid ID card.

  • If you are unable to sign we require a recent passport picture.

  • MVR 1000 for MVR accounts

  • USD 100 for USD accounts

  • Funds that are sent before 12pm of a working day will usually be credited to your account in the afternoon of the same day.

  • Funds that are sent after 12pm will be credited to your account on the morning of the subsequent working day.

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