Punchi – Children’s Savings Accounts

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Punchi – Children’s Savings Accounts

Minor Savings Accounts

Our minor savings accounts are designed to ensure the financial security of your children. They offer higher than average interest rates for maximum returns, and are structured to allow children to start their adult lives on a secure financial footing. Parents or guardians can open an account for a child from the moment of birth, up to any age below 18 years.

Benefits:
• The Child will be eligiable for many gifts for their savings. Gift Scheme
• Interest rate of 5% per annum
• Special Promotion during Sinhala & Tamil New Year and Christmas seasons
• Free children’s health insuarance policy

Eligibility Requirements:
• Birth certificate of the child
• National Identity Card of the parent or guardian
• Account can be opened with just Rs.500
• For more information, please contact

“Punchi Star” Childrens savings accounts

Benefits:
• Interest rate of 6% per annum
• Special Promotion during Sinhala & Tamil New Year and Christmas seasons
• Free children’s health insuarance policy

Eligibility Requirements:
• Birth certificate of the child
• National Identity Card of the parent or guardian
• Account can be opened with just Rs. 500

Savings Account Rates

Savings Account Rates
Description Rate
Normal Savings 3.75%
Bonus Savings (25% bonus interest(Interest on Interest) 4.50%
“Achara” Senior Citizen’s Savings 7.00%
“Sashreeka” Women’s Savings 5.00%
Higher Saver Accounts
Description Rate
Account Balance LKR. 1,000.00 – LKR. 9,999.00 4.25%
Account Balance LKR. 10,000.00 – LKR. 24,999.00 5.25%
Account Balance LKR. 25,000.00 & above 7.00%
Minor’s Savings Account
Description Rate
“Punchi” Minor’s Savings 5.00%
“Punchi Star” Minor’s Savings 6.00%

For more information

Please Contact