Piduma

Piduma - Fixed Deposits

Being the first government bank in Sri Lanka, SMIB provides 100% assurance for your deposits as we practiced for last 84 years while offering competitive interest rates for term deposits prevailing in the market.

Why Choosing SMIB Fixed Deposits?

		Trust and assurance of a State Bank
		Higher interest rates in the market
		Most flexible customer service for your financial needs
		Free of charge interest transfer to any party you nominate in any Bank in Sri Lanka
		Loan facility against fixed deposit up to 80%- 90% of deposit value
		Nomination facility for one or more nominees
		Automatic renewal facility
		Ability to collect interest either on monthly basis or annual basis as your preference
		Ability to open and operate FD accounts individually or jointly with spouse or children
		Ability to open and operate FD accounts for short term, medium term or long term as your preference

Who are eligible ?

Senior citizens who are above 55 year of age

What are the features ?

Minimum deposit amount of Rs. 5,000/=

Deposits can be placed for period of 01, 03, 06, 12, 24, 36 or 60 months.

Interest Payment methods

		Interest will be paid at maturity for all types of deposits
		Interest will be paid at monthly only for deposits placed for 12, 24, 36 48, and 60 months
		Up front interest is offered for FD (Only for special F.D. schemes as decided by the Bank)

Deposits Schemes

Kapthura

Piduma



Normal FD Scheme with SMIB	FD Scheme with SMIB for senior citizens. (Over 55 years of age)

Individual or Joint Fixed Deposit Holders (Kaptura or Piduma) Required Documents

		Duly filled FD Mandate.
		Know Your Customer form. (KYC)
		A copy of NIC/ valid Passport or Driving License along with original
		Address verification document when address is not confirmed from above
		e.g.:- Utility bill (excluding Mobile Bill) or any other acceptable document by the bank.
		Withholding Tax Declaration (if requested)

Institution, Companies, Unions or Non charity institutions (Kaptura)

		Duly filled FD Mandate.
		Know Your Customer form. (KYC Form)
		A copy of NIC/ valid Passport or Driving License along with original of liable person/s.
		Address verification Document when address is not confirmed from above
		e.g.:- Utility bill (excluding Mobile Bill) or any other acceptable document by the bank.
		Withholding Tax Declaration (if requested).
		A Certified copy of Business Registration & Certificate of Incorporation.
		A Certified Copy of Articles of Associations.
		Copy of resolution of Directors/ Committee regarding the opening of the account and authority for transaction duly certified by Chairman/ president & Secretary.

Minor Fixed Deposit Holders (Kaptura– on behalf of minors below 18 -years of age)

		Duly filled FD Mandate
		Know Your Customer form. (KYC Form for a parent or the guardian)
		A copy of NIC / valid Pass Port or Driving Licensealong with original of a parent or the guardian
		A copy of Certificate of Birth of the minor along with original
		Address verification Document when address is not confirmed from above
		e.g.:- Utilized bill (excluding Mobile Bill) or any other acceptable document by bank.
		Withholding Tax Declaration (if requested).

Suggestions

We are highly appreciating your suggestions for a better service.
1922
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Comments

Withholding tax is payable on interest earned as specified by the Department of Inland Revenue.

For more details contact SMIB Call Centre on 1922 or 011 772 2722 or visit your nearest SMIB branch.

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