Maximize Returns, Minimize Limits – Higher returns with the freedom to withdraw at your convenience



Maximize Returns, Minimize Limits – Higher returns with the freedom to withdraw at your convenience

Features and Benefits

Special Savings Products offer competitive interest rates based on slabs to maximize savings potential. Below are the interest rate slabs available:

Interest Rate

Min Rs. Max Rs. Interest rate (Per Annum)
0 4,999 0%
5,000 25,000 4%
25,001 250,000 5%
250,001 500,000 7%
500,001 Above 9%



  • Should be maintained Rs.5,000 to be eligible for interest income
  • Flexibility to earn higher interest as savings increase.
  • Competitive interest rates to help achieve savings goals.
  • Higher interest rate – Tiered interest rates to reward higher savings
  • Nominate an account beneficiary
  • Interest is calculated on the daily balance and credited monthly
  • Greater flexibility to withdraw any number of times without any interest penalties



  • A Sri Lankan Citizen over 18 years of age
  • A citizen of Sri Lanka holding a valid National Identity Card or passport


Terms & Conditions

  • The interest rates offered on accounts are subject to change based on prevailing market conditions. The bank reserves the right to adjust these rates accordingly without prior notice.
  • A deduction of Rs. 25 will apply to accounts maintaining a balance below Rs. 500. This fee will be charged monthly to the respective accounts falling below the minimum balance requirement.
  • An account holder must maintain a minimum balance of Rs. 5,000 to be eligible for accruing interest income. Failure to maintain this minimum balance may result in the account not qualifying for interest earnings for that period.
  • Interest is calculated based on the daily account balance and credited to the account monthly. The interest rate applied will be following the bank’s prevailing rates.
  • Account holders enjoy greater flexibility as there are no penalties or reductions in interest for making any number of withdrawals within a specified period. This allows you the freedom to access your funds as needed without impacting the interest earned.
  • A passbook will be issued.
  • Normal savings-related fees and charges will be applicable.


How do I apply?

  • duly completed application form.
  • Initial deposit of Rs 1000/-
  • Proof of identity – National Identity Card / Passport / Driving License.
  • Address verification (utility bill / bank statement within last 3 months) if current postal address differs from the national identity card or identification document

Conditions apply

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

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