News India-Maldives Relations / Foreign Exchange Malé Impact 7.0/10 2 min read

India in Talks with Maldives to Resolve Dollar Remittance Limit Issue

The High Commission of India in Malé expressed concern over SBI Maldives reducing outward remittance limit from USD 400 to USD 150 effective 25 October 2025 due to temporary USD shortages. The High Commission is engaging with the Government of Maldives, Ministry of Foreign Affairs, MMA, and SBI to resolve the issue. Measures discussed include INR-MVR exchange mechanism, UPI integration, and RuPay card usage, part of agreements signed during India's PM visit to Maldives in July 2025. Indian expatriates are advised to plan remittances carefully.

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Oct 18, 2025

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The High Commission of India in Malé expressed concern over SBI Maldives reducing outward remittance limit from USD 400 to USD 150 effective 25 October 2025 due to temporary USD shortages. The High Commission is engaging with the Government of Maldives, Ministry of Foreign Affairs, MMA, and SBI to resolve the issue. Measures discussed include INR-MVR exchange mechanism, UPI integration, and RuPay card usage, part of agreements signed during India's PM visit to Maldives in July 2025. Indian expatriates are advised to plan remittances carefully.

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