State Bank of India (SBI) Maldives has temporarily reduced the salary remittance limit for Indian expatriates in the Maldives to USD 150 (MVR 2,313) due to low foreign exchange inflows.
According to a notice on SBI Maldives’ website, the limit applies to each account holder and includes a temporary suspension of ATM withdrawals and ECOM/POS usage from MVR cards outside the Maldives, effective from 25 October 2025. The bank did not specify when the restrictions would be lifted.
SBI urged customers to understand the current situation, stating they are working to fix the matter as soon as possible.
“Please be assured that we are closely monitoring the situation and will review these limits periodically. Our endeavour is to restore normal limits as soon as the foreign exchange availability improves,” the bank said.
The bank noted that unused amounts under the monthly limit will not be carried forward to the following month.
