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Fixed Deposits

Invest your hardly earned money with us for better prospects. We assure you attractive higher returns on your investment  with  the security of a State Bank. Piduma – Specially designed fixed deposit scheme for the senior citizens of the nation.  Attractive higher interest rates offered. Kapthura – Even you are at home, a fixed income is assured on your fixed deposits.  

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.  

SMIB Fixed Deposits assures you.....

  • 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 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?

  • Sri Lankans over18 years of age can start individual or joint accounts
  • Minors who are below 18 years of agecan open a depositonly with a parent ortheguardian.
  • Legally recognized or incorporated organizations. (E.g.:- Companies, Institutions, Unions, etc.)
  • Senior citizens who are above 55 year of age

What are the features?

  • Minimum deposit amount of Rs. 15,000/=
  • 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 and 48 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)


Required Documents
 

  • Individual or Joint Fixed Deposit Holders (Kaptura or Piduma)
  • 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 ofAssociations.
  • 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.:- Utility bill (excluding Mobile Telephone Bill) or any other acceptable document by bank.

  • Withholding Tax Declaration (if requested).

 

Suggestions

  • We appreciate 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.         

Savings Deposits

Over 80 years of trust and faith of the nation, we assure an attractive return with solid security and flexibility.

Saubhagya -  For a prosperous future, savings deposits make your world even brighter.

Minor Savings

To improve the habit of savings of Children from their childhood, as the savings at the country is playing the vital role in investment of the country and simultaneously, children would grow up with a financial support for their educations and other achievement.

Special Benefits

  • Stability and being a state owned bank
  • Highest interest rates.
  • Most flexible customer service
  • Attractive gift scheme
  • Rewards on educational achievements
  • A minor savings account holder may be eligible for loan facilities once he/she becomes a major, at the interest rate of 1% lesser than the prevailing rate of the particular product (Conditions apply)
  • A special donation will be granted from the bank to the account holder, if the child suffers any illnesses as listed in the product (Conditions apply)

 Eligibility

  • Children/ minors (below 18 years) are eligible to open an account or operate jointly with a parent/ guardian

 

Savings Schemes

                    Minor Savings accounts

 

Muthusina SARANI Challenger  
   
Special children's savings account with
high interest rate and with attractive gifts.
(for children under 11 years of age.)
“SARANI” is a specially designed
minor savings
account to be promoted
among the
children in Sunday schools,
schools, and preschool.
   

 

Required Documents 

  • Minor Savings –( on behalf of minors below 18 years of age).

(“Muthusina” / “Sarani” / “Challenger”)

  • Savings Mandate.
  • Know Your Customer form. ( KYC form for Father / Mother or Guardian)
  • A certified copyof NIC / valid Passport or Driving License of Father Mother of Guardian.
  • A certified copy of Certificate of Birth.
  • Address verification Document when address is not confirmed from above

e.g.:- Utility bill (excluding Mobile Bill) or any other acceptable document by bank.

  • Withholding Tax Declaration of Parent or guardian(if requested).

Interest Payment

  • Interest is calculated on daily basis and will be credited at the end of the month.

Gift Scheme

Following gifts will be allocated to the deposit scheme for the incremental deposit made to the account or increase in the savings balance from the stated amount.

More inquires-

For any further details contact SMIB Call Centre on 1922 or 0117 722 722

We are ready to come & serve our solution for your financial needs at your School, Pre School or Sunday school.

 

loan

  • 269, Galle Road,
    Colombo 03, Sri Lanka
  • Hotline  1922
  • Fax +94 11 257 3346
  • This email address is being protected from spambots. You need JavaScript enabled to view it.

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