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

Required Documents

• Minor Savings –( on behalf of minors below 18 years of age).
• Savings Mandate.
• Know Your Customer form. ( KYC form for Father / Mother or Guardian)
• A certified copy of 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.
• Savings Mandate.

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.