The Seylan Minor Fixed deposit is designed to help parents and guardians build savings for their children’s future. With attractive interest rates and flexible investment periods, it provides an opportunity to plan for their children’s future financial needs and build a strong financial foundation for the years ahead.
Benefits and features
- Flexible investment periods: Choose from Investment periods of 1 , 3 , 6 , 12 ,24 ,36 , 48 or 60 months. For current interest rates click here
- Enhanced interest rates: Benefit from competitive interest rates to help grow your child’s savings
- Interest capitalization: Interest will be capitalized and added to the deposit upon rollover.
Eligibility
Sri Lankan Children who are under 18 years of age are eligible for a Minor Fixed deposit. A parent or guardian can open a Minor Fixed Deposit in the name of the minor.
Required Documentation
- A Copy of the child’s birth Certificate submitted along with the completed mandate.
- The National Identity Card (NIC) of the parent or guardian opening the deposit.
FAQs
Withdrawals and premature upliftments are permitted only by the minor upon reaching the age of maturity.
No. Joint deposits are not permitted under the Seylan Minor Fixed Deposit product.
