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RUPEE TIME DEPOSIT ACCOUNT
Banking Accounts

Eligibility

  • Sole proprietorships/partnership/Limited Liability Companies registered in Sri Lanka.

Further Information

  • Bank’s standard account opening forms should be completed.
  • Minimum deposit requirements LKR 100,000/-

Features

  • Available for 1 month, 3 months, 6 months. Rollover permitted.
  • 12,24,36 or 60 month deposits are accepted with interest paid either monthly or at maturity.
  • Unless the customer instructs the Bank otherwise, it is the Bank’s normal practice to renew a deposit together with accrued interest for a similar period at the rate of interest prevailing on the date of maturity.

Further Information

  • Renew principal plus interest for 1,2,3,6 or 12, 24, 36 or 60 month(s) at rate of interest prevailing at maturity.
  • Renew principal at prevailing interest rate for 1,3, 6 or 12,24,36,60 month(s) and pay interest in cash or to any other account in the bank or in any other bank.
  • Pay principal and interest in cash or to any other account in the bank or in any other bank.

Additional Documentation

Sole Proprietorship/Partnership

  • Business Registration
  • NIC/PP copies of the proprietor/partners.

 

Limited Liability Companies

  • Certificate of Incorporation
  • Form 48
  • Board Resolution signed by the Chairmen of the Meeting and countersigned by the Company Secretary
  • Memorandum & Articles of Association
  • NIC/PP copies of Directors/Signatories
    (Original documents to be sighted and copies held)