SDB Standard Savings

SDB Savings

The SDB Savings account is a unique product which offers attractive rates of interest while retaining the facility of withdrawing the money wherever and whenever you need. Its sole purpose is to foster the habit of thrift in the customer.

 


Features and Benefits:

  • The personalized SDB VISA Debit card can be used at any SDB ATM or any other ATM with the VISA logo. The Debit card can be used to purchase goods and services wherever merchants display the VISA logo indicating that VISA cards are accepted for payment.
  • The customer is also entitled to nominate a person to be the beneficiary of the account, after his/her demise.
  • Free Standing Order facilities.
  • Interest will be calculated on a daily basis and credited monthly to the respective savings accounts.

Eligibility Criteria:

  • The Account holder must be a Sri Lankan Citizen over 18 years of age.
  • Minimum initial deposit is Rs.500/=

Required Documents:

  • Copy of the NIC, Passport or Driver’s License.
  • For Non-Resident Sri Lankans – A copy of the valid Passport and valid copy of the Visa.
  • Duly filled Account Opening Mandate
  • Address proof – Copy of Utility Bill or Bank Statement from another bank (If not residing in the same place mentioned in NIC).

If Interested:

Click here to access an account opening form that can be printed and completed.

Visit the nearest SDB branch together with the duly filled Account Opening Mandate and the relevant supporting documents.

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Lakdaru

“Lakdaru” is a Children’s Savings Account to support the fast paced development of children. “Lakdaru” offers attractive gift schemes and scholarships. This helps parents to achieve their dreams and dreams of their children. It also helps a child to cultivate the savings habit from the beginning.


Features and Benefits:

  • Lakdaru Account holders are eligible for gift schemes and scholarships.
  • In addition to the normal interest rate for savings accounts, the Lakdaru Account offers an additional 1% interest when increasing the deposit balance up to Rs.10,000/= and 2% interest when increasing the deposit balance up to Rs.1,000,000/=. A medical cover insures the Lakdaru Account holder child, and an accidental death cover insures the guardian.

Eligibility Criteria:

  • Minimum initial deposit is Rs.500/=.
  • A Lakdaru account can be opened by a parent or guardian (Sri Lankan citizen) over the age of 18, for children below the age of 18.

Required Documents:

  • Copy of the NIC, Passport or Driver’s License of the parent or guardian.
  • Copy of the child’s Birth Certificate.
  • Duly filled Account Opening Mandate.
  • Address proof of the guardian – Copy of Utility Bill or Bank Statement from another bank (If not residing in the same place mentioned in NIC).

If Interested:

Click here to access an account opening form that can be printed and completed.

Visit the nearest SDB branch together with the duly filled Account Opening Mandate and the relevant supporting documents.

SDB Uththamavi

SDB Uththamavi

SDB Uththamavi is a complete financial solution package for personal and business needs providing convenience, efficiency, personal and family security to courageous women in Sri Lanka.

SDB’s “Uththamavi Women’s Savings Account” is thoughtfully designed to inculcate savings habit among courageous women entrepreneurs in Sri Lanka to contribute to the Sri Lankan economy.


Features and Benefits:

Especially for Uththamavi Savings Account holders,
    • A special higher interest rate is offered up to 6%.
    • On the birth of child SDB Dayada Children’s Investment Certificate will be offered with a face value of Rs.20,000/- *

or a voucher worth of Rs.4,000/- to purchase clothing / accessories / footwear or cosmetics from a retailer of your choice*

  • Low interest loans for women entrepreneurs engaged in small and medium enterprises.
  • Personal loans offered for women in confirmed employment (permanent cadre) in the Government or private sector
  • Gold loans and Pawning at a concessionary rate*
  • Capacity building, self-employment and skills development trainings for women entrepreneurs.
  • SDB VISA Debit card is provided and the account could be accessed from anywhere through the Visa enabled ATMs island-wide. Payments can be made for goods and services using the SDB VISA Debit card at any Visa acceptant merchants.
  • SDB SMS Banking facility.

*Conditions apply

*The values stated above are as per interest rate as of 1st of August 2016 and the face value of the certificate may vary with the age of the child.


Eligibility Criteria:

  • Minimum initial deposit is Rs.500/=.
  • Sri Lankan female citizens between 18 – 55 years.

Required Documents:

  • Copy of the NIC, Passport or Driver’s License.
  • Duly filled Account Opening Mandate.
  • Address proof of the guardian – Copy of Utility Bill or Bank Statement from another bank (If not residing in the same place mentioned in NIC).

If Interested:

Click here to access an account opening form and other forms that can be printed and completed.

Visit the nearest SDB branch together with the duly filled Account Opening Mandate and the relevant supporting documents.

SDB Dayada

SDB “Dayada” Children’s Investment Account

SDB Dayada is an account for children, where a required amount of money is available for the child’s future events, such as investing for his/her higher education, marriage or as an initial capital to start up a business.


Features and Benefits:

  • SDB Dayada is a lump sum deposit which assures a guaranteed return for the child, despite any interest rate fluctuations.
  • Certificate could be en-cashed upon the beneficiary attaining 18 years of age.
  • Certificates can be obtained ranging from Rs 5,000 up to Rs 1,000,000


Lump Sum Deposit(Rs)
Guaranteed Return(Rs) For a new born Baby At 5th Birthday At 10th Birthday
5,000 995 1,559 2,440
25,000 4,977 7,793 12,202
50,000 9,955 15,586 24,403
100,000 19,909 31,172 48,806
500,000 99,549 155,862 244,031
1,000,000 199,099 311,725 488,062

 

The above stated values are as per market condition as of 01/08/2016

 

*Terms and Conditions apply


Eligibility Criteria:

  • This investment account is for children below 13 years of age.
  • Parents, Guardians, Well-wishers, Scholarship offerors and Insurance companies can invest on behalf of the child.
  • This is a guaranteed return for investment and a valuable gift for the child.

Required Documents:

  • Copy of the NIC, Passport or Driver’s License of the parent or guardian.
  • Duly filled SDB Dayada Application Form & Account Opening Mandate.
  • Copy of the child’s Birth Certificate. (Not Compulsory)

If Interested:

Click here to access SDB Dayada Application and an Account Opening Application that can be printed and completed.

 

Visit the nearest SDB branch together with a duly filled SDB Dayada Application and an Account Opening Application along with the relevant supporting documents.

Jawaya

Jawaya

Giving strength to the Aspirations of Youth

The entrepreneur who strives to succeed is the lifeblood of our economy that fuels trade and prosperity. Recognising their toil and hard work which helps them towards their goal in every step of the way is Jawaya Youth Savings Account from SDB bank.

Savings for a secured tomorrow is a prudent path to success. Open a “Jawaya” Youth Savings Account and enjoy the highest return and benefits for your savings and build a future of financial freedom.


Features and Benefits:

  • Special rate of interest up to 6% per annum
  • SDB Dayada Children’s Investment Certificate on the birth of a child* OR
  • Voucher value of Rs. 4,000/- to purchase clothing / footwear or Training / instruments*
  • Low interest loans for small and medium scale entrepreneurs
  • Personal loans for people in confirmed employment (permanent cadre) in the Government or Private sector
  • Capacity building training, self-employment and skills development training for entrepreneurs
  • SDB Visa Debit Card, SDB SMS banking facility and m_cash facility

*Conditions apply


Eligibility Criteria:

  • Sri Lankan citizens (males) between 18-55 years of age are eligible to open a Jawaya savings account
  • Minimum initial deposit is Rs.500/=

Required Documents:

  • Copy of the NIC, Passport or Driver’s License.
  • Duly filled Account Opening Mandate.
  • Address proof – Copy of Utility Bill or Bank Statement from another bank (If not residing in the same place mentioned in NIC).

If Interested

Click here to access an account opening form and other forms that can be printed and completed.

Visit the nearest SDB branch together with the duly filled Account Opening Mandate and the relevant supporting documents.

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Returning Senior Citizens to the Economy

The Upahara Account provides financial care and convenience and offers attractive interest rates, for Sri Lankan citizens over 55 years of age.


Features and Benefits:

  • In addition to the normal savings rate, 1% interest is offered for the balance maintained up to Rs.999,000/=
  • 2.5% interest will be provided if the balance is increased to Rs.1,000,000/=.
  • Loan facilities are available against the savings balance up to 80% of the deposit.
  • An attractive loan facility is available for government pensioners who maintain Upahara Saving Accounts.
  • Credit facility is provided to the retired senior citizens. This reduces social dependency, contribution towards reducing the abuse of elders and enhances the national economy.
  • The ultimate objective is to re-connect these segments back to the workforce and to obtain their contribution towards the country’s economic development. This is an ideal solution for dealing with an ageing population.

Eligibility Criteria:

  • Accounts to be opened by Sri Lankan citizens over 55 years of age
  • Minimum initial deposit is Rs.500/=

Required Documents:

  • Copy of the NIC, Passport or Driver’s License.
  • Duly filled Account Opening Mandate.
  • Address proof – Copy of Utility Bill or Bank Statement from another bank (If not residing in the same place mentioned in NIC).

If Interested

Click here to access an account opening form and other forms that can be printed and completed.

Visit the nearest SDB branch together with the duly filled Account Opening Mandate and the relevant supporting documents.

SDB Ayojana

SDB Ayojana Account is a superior investment plan designed to help achieve your life goals. This will be the initial equity contribution for your very own motor vehicle, marriage, your child’s higher education or any other future commitment. SDB Ayojana Account will help you to save money according to a pre – defined target amount while earning a higher interest on your deposit.

This is an ideal solution for you to build up funds for a future expense / investment together with an interest rather than obtaining a loan for the purpose and pay interest on it.


Features and Benefits:

  • Highest rate of interest during the period of investment.
  • Customized plans according to the capacity
  • Freedom to choose the target amount (minimum of Rs 15,000/- to maximum of Rs 10 million) and the period of investment (minimum of 1 year to maximum of 10 years)
  • Click here to select your SDB Ayojana Plan

Eligibility Criteria:

  • A Sri Lankan Citizen over 18 years of age is eligible to open a SDB Ayojana Account.

Required Documents:

  • Copy of the NIC, Passport or Driver’s License.
  • Duly filled Account Opening Mandate.
  • Address proof – Copy of Utility Bill or Bank Statement from another bank (If not residing in the same place mentioned in NIC).

If Interested:

Click here to access an account opening form and other forms that can be printed and completed.

Visit the nearest SDB branch together with the duly filled Account Opening Mandate and the relevant supporting documents.

SDB Top Saver

SDB Corporate Top Saver savings account is a unique savings account that offers an attractive interest rate in Sri Lanka for savings up to 7.00% per annum for corporate sector.


Features and Benefits:

  • Initial Deposit of Rs 25,000 (minimum)

Applicable Interest Rates

Account balance Interest Rate(p.a.)
Rs.25,000 – Rs. 2,500,000 4.50%
Rs.2,500,000 – Rs.5,000,000 6.50%
Rs.5,000,000 & Above 7.00%

 

Interest will be calculated on daily basis based on the day end balances and interest will be credited on a monthly basis.


Cash Margin Loans

Loan Amount Up to 80% of the ‘Corporate Top Saver Account’ balance
Loan Period One Year (Renewal)
Loan Interest Rate 11.50% (One year)

Eligibility Criteria:

  • SANASA Societies
  • Multi purpose Co-operative Societies and other Co-operative Societies
  • Welfare and death donation societies
  • Companies registered under Companies Act
  • Non-governmental organizations
  • Any other institutions acceptable to the bank

Required Documents:

SANASA Society / Union / MPCS / Other Society –

  • Certified copy of Registration Certificate
  • Certified copy of Memorandum and Articles
  • Certified copy of resolution of the Board of Directors
  • Society declaration form
  • Signature Card

Limited liability company –

  • Certificate of Incorporation (For inspection and return).
  • Copy of the Memorandum and Articles of Association (Duly certified by the Chairman and Secretary).
  • Certified copy of a resolution of the Board of Directors (Overleaf).
  • List of Directors certified by the Registrar of Companies on Form 48.
  • Certified copy certification to commence business (If a public company).
  • Duly completed and witnessed signatures card of the Directors.

If Interested:

Click here to access an account opening form and other forms that can be printed and completed.

Visit the nearest SDB branch together with the duly filled Account Opening Mandate and the relevant supporting documents.

SDB Top Saver

SDB Top Saver savings account is a unique savings account that offers attractive interest rate in Sri Lanka for savings up to 7.00% per annum, with unlimited withdrawals.


Features and Benefits:

  • Special rate of interest up to 7.00% per annum
  • Unlimited withdrawals
  • VISA debit card facility
  • SMS service

*Conditions apply


Interest Rates

Account balance Interest Rate(p.a.)
Rs.5,000 – Rs. 9,999 4.00%
Rs.10,000 – Rs.24,999 5.00%
Rs. 25,000 – Rs. 49,999 6.00%
Rs. 50,000 – Rs. 99,999 6.25%
Rs.100,000 – Rs. 249,999 6.50%
Rs. 250,000 and above 7.00%

Eligibility Criteria:

  • Sri Lankan citizens over the age of 18 years.
  • Minimum initial deposit is Rs.5,000/=.

Documents Required:

  • National Identity Card, Passport or Driving License
  • Duly filled Account Opening Mandate
  • Address proof – Copy of Utility Bill or Bank Statement from another bank (If not residing in the same place mentioned in NIC).

If Interested:

Click here to access an account opening form and other forms that can be printed and completed.

Visit the nearest SDB branch together with the duly filled Account Opening Mandate and the relevant supporting documents.

This account is specifically designed for Co-operative Societies, the Co-operative Sector and NGOs. The SANASA Co-op/NGO Savings Account aims to bridge the gap between the village and the city. Through this account, rural savings are linked to national economic development. This enables the money in the informal sector to be added to the money circulating in the country’s banking system.


Features and Benefits:

  • In addition to the normal savings rate, an additional 0.25% interest is offered for this account.
  • Account holders are eligible for periodic gift schemes.

Eligibility Criteria:

  • The account holder should be registered with the relevant authority.

Required Documents:

  • Copy of the Board Resolution authorizing the opening of an account with the SDB.
  • Signature Card
  • Duly filled Account Opening Mandate.

If Interested:

Click here to access an account opening form and other forms that can be printed and completed.

Visit the nearest SDB branch together with the duly filled Account Opening Mandate and the relevant supporting documents.