S M I B

The State Mortgage and Investment Bank (SMIB) is one of the most established
financial institutions in Sri Lanka.

 Monday – Friday : 8:30am – 3:30pm 

 1922 

 info@smib.lk 

 සිං  |  தமி

The "MuthuSina" Children's Savings account gives your child an excellent opportunity to learn the importance of saving money. Empower your kids tomorrow with a smile, Save and have valuable gifts. The "Muthusina" Minor Savings Account from SMIB is designed to encourage children's saving habits and provide attractive gifts.

Open an account at SMIB

Achieve your financial aspirations. Start your journey with SMIB

Features and Benefits

  • Amazing gift scheme with an attractive interest rate of 5%
  • Initial deposit of Rs. 500/- to start the account
  • Receive gifts based on an account balance up to the age of 13 years
  • Special rewards for the child’s performance at Grade 5 scholarship, G.C.E O/L, and A/L exams.
  • An automatic conversion of the “Muthusina” account to a normal savings account soon after the child turns 18 years old.

Eligibility

  • The account can be opened for children below the age of 18 by a parent or guardian (Sri Lankan citizen) over the age of 18.

**Accounts should be opened for children on or before they reach 13 years old to be eligible for the gift scheme.


Documents required

  • A duly completed application form.
  • Birth Certificate / Passport of the child.
  • National Identity Card /Passport /Driving License or acceptable ID of parent/guardian/benefactor.
  • Copy of a recent utility bill/bank statement to establish residence address.



Rewards Scheme – G.C.E O/L and A/L exams

  • Grade 5 scholarship – A sum of LKR 7,500 will be credited to those who obtain over 180 marks for the Grade 5 Scholarship exam. This is valid for all branches. A minimum balance of LKR 15,000 should be maintained for 01 year preceding the Scholarship examination to be eligible for this scholarship.
  • GCE O/L – A Sum of LKR 10,000 for those who have obtained 9 As for the O/L examination will be credited to the account. To be eligible for this scholarship, a minimum balance of LKR 75,000 should be maintained. The minimum balance must be maintained in the account for 02 years preceding the O/L examination.
  • GCE A/L – A Sum of LKR 25,000 will be credited to the account for the best 3 students in each stream for the A/L Examination. This will be given based on the district rank of each district. To be eligible for this, a minimum balance of LKR 100,000 is to be maintained in the account for 02 years preceding the A/L examination.

Conditions apply
For more information, visit our nearest SMIB Branch or Contact Us via our Call Centre at (Phone icon) 1922

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Savings Deposits Rates

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Applications & Forms

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Rewards for the Deposit Scheme

  • Gift items are subject to change at the bank's discretion.
  • Gift vouchers will be offered for selected items.

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Visit Us In

No. 269, Galle Road, Colombo 03, Sri Lanka.

Call Us To

General: 011-7722722-3

Fax/Phone: 011-2575031

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