Sri Lankans /Foreign Nationals (aged 18 years and above) or Sri Lankan Entities ( Companies, Firms, Clubs, Societies ) are permitted to open savings accounts.
Initial deposit is Rs. 1,000/- .
Interest rate is periodically adjusted to be in line with market rates.
Interest is calculated on a daily balance and credited monthly.
Cheque deposits are permitted if properly introduced.
Withholding Tax at the rate of 10% on the monthly interest is recoverable, if the interest income exceeds Rs. 5,000/- per month or if the customer has declared to the Bank, that he is liable for Withholding Tax.
Debit Tax of 0.1% is recoverable, on the total debits made for the month (excluding Debit Tax exempted debits). This is recovered on the first working day of the following month. If the total debit amount is less than Rs. 20,000/- for the relevant month, then no Debit Tax is charged.
Accepted as security for credit facilities ( Overdrafts, Loans)
Fully automated cash / cheque deposits, no filling of forms.
Provision to transfer and receive money on the same day through "RTGS / SLIPS" transfers.
You could nominate any person /s, as beneficiary to your account balances, during the relationship for amounts of your choice
You could appoint any person of full contractual capacity to operate the account in your absence
Automated daily fax - statement free of charge on all accounts maintained - transmitted on the same day.
Provision to give standing order instructions on these accounts.
Unique number for each Customer - common to all types of accounts opened.
All transactions will be recorded in a special passbook or a statement as per clients request.
Maintain your deposit for 90 consecutive days respectively.
All Deposits are tracked individually.
Each individual deposit interest rate, is subjected to reduction, if any withdrawal is done, within the specified period.
Interest is calculated on a daily basis and credited monthly either to the same account or to a separate Current/ Saving account. Crediting interest to a separate account will enable the client to enjoy earning interest at the highest rate, as the withdrawal of interest is not debited to the respective savings account.
Minors below 15 years of age are eligible to open these accounts.
The account will be opened in the name of the child.
Interest rate is periodically adjusted to be in line with market rates.
Interest is calculated on a daily balance and credited monthly.
Withdrawals are generally permitted once the Minor becomes a major, at the age of 18 years.
The bank will be awarding an "Achievement Award" on a pre determined basis to a child who will gain admission to a local University.
No withdrawals are permitted until the age of 18 years. Withdrawals may be permitted before that at the discretion of the bank for the child´s medical or educational or maintenance purposes.
Maintain your deposit for 180 consecutive days respectively.
All Deposits are tracked individually.
Each individual deposit interest rate, is subjected to reduction, if any withdrawal is done, within the specified period.
Interest is calculated on a daily basis and credited monthly either to the same account or to a separate Current/ Saving account. Crediting interest to a separate account will enable the client to enjoy earning interest at the highest rate, as the withdrawal of interest is not debited to the respective savings account.
Sri Lankans /Foreign Nationals (aged 18 years and above) or Sri Lankan Entities ( Companies, Firms, Clubs, Societies ) are permitted to open savings accounts.
Initial deposit is Rs. 5,000/- .
Interest rate is periodically adjusted to be in line with market rates.
Interest is calculated on a daily balance and credited monthly.
Cheque deposits are permitted if properly introduced.
Withholding Tax at the rate of 10% on the monthly interest is recoverable, if the interest income exceeds Rs. 5,000/- per month or if the customer has declared to the Bank, that he is liable for Withholding Tax.
Debit Tax of 0.1% is recoverable, on the total debits made for the month (excluding Debit Tax exempted debits). This is recovered on the first working day of the following month. If the total debit amount is less than Rs. 20,000/- for the relevant month, then no Debit Tax is charged.
Accepted as security for credit facilities ( Overdrafts, Loans)
