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.

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.

Conditions apply

For more information visit our nearest SMIB Branch or Contact Us via our Call Centre on 1922