Monday – Friday : 8:30am – 3:30pm 

 1922 

 info@smib.lk 

Encourages the right saving behaviour amongst children.


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.

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