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Podihitiyo children’s savings Account
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011 7 640 640

Children have many dreams of doing great things.
Let those dreams grow with their savings.

Introduction

This account can be opened by a parent or a legal guardian on behalf of a child below 16 years

Key highlights
  • Currently offers the best tiered interest rate on minor savings account in the market
  • Interest accumulates on day-end (EOD) balance
Eligibility
  • Your Child or Ward is aged below 16 years
Interest Rate
Account Balance Interest Rate p.a AER
Below LKR 50,000 4.00% 4.08%
LKR 50,000- LKR 74,999 4.50% 4.60%
LKR 75,000-LKR 99,999 5.00% 5.13%
LKR 100,000-LKR 124,999 6.50% 6.72%
LKR 125,000-LKR 149,999 6.75% 6.98%
LKR 150,000- LKR 174,999 7.00% 7.25%
LKR 175,000-LKR 199,999 7.25% 7.52%
Above LKR 200,000 7.50% 7.79%
Documents required
  • A fully completed Account Application Form
  • Birth Certificate of the Minor or Copy of the Birth Certificate certified by the school principal
  • Parent or Guardian’s valid National Identity Card(NIC),Valid Passport/Valid driving license which contains the NIC number
  • A Copy of a recent utility bill to establish your residence address.(If the address given to the bank is different from the National Identity card/passport/driving license)
Terms and Conditions
  • Parent/ Guardian should open the Minor Savings Account
  • Funds in the “Podihitiyo – Children’s Savings Account” cannot be withdrawn until the minor reach the age of 18 Years
  • Cargills Bank holds the authority to change, add or revise product features/offers and Terms and Conditions pertaining to the Cargills Bank “Podihitiyo “Savings Account at any given time
  • All the other General Terms & Conditions and operating processes pertaining to the normal savings will be applied to “Podihitiyo” Savings Account
What’s more?

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