The good habit of savings should be incurred in children at their tender ages. “Seylan Tikiri” Savings Account for your kid is a great way to teach money management skills and pave their way to financial success. The best savings account for your kid has great interest rates and gifts.
Due to restrictions imposed by the government on imports an account to the Covid-19 pandemic, a voucher to the value of the gift, redeemable from reputed merchants will be issued in the event of insufficient gift stocks available with the bank.
| Account Balance | Gift Voucher / Account Credit Value |
| LKR 1,000 – LKR 4,999 | LKR 100 |
| LKR 5,000 – LKR 9,999 | LKR 500 |
| LKR 10,000 – LKR 29,999 | LKR 1,000 |
| LKR 30,000 – LKR 49,999 | LKR 1,500 |
| LKR 50,000 – LKR 74,999 | LKR 5,500 |
| LKR 75,000 – LKR 99,999 | LKR 6,000 |
| LKR 100,000 – LKR 149,999 | LKR 9,000 |
| LKR 150,000 – LKR 249,999 | LKR 11,000 |
| LKR 250,000 – LKR 499,999 | LKR 12,500 |
| LKR 500,000 – LKR 999,999 | LKR 17,500 |
| LKR 1,000,000 – LKR 1,999,999 | LKR 22,500 |
| LKR 2,000,000 | LKR 30,000 |
Eligibility
Sri Lankan Children who are under 15 years of age.
Minimum Deposit: to open the account LKR 500.00
Documentation requirement
- A copy of the Birth Certificate should be submitted along with the mandate.
- If the Birth Certificate is not submitted at the time of opening an account, the parent/guardian should submit an undertaking informing that the Birth Certificate will be submitted within 120 days.
Who can open the account:
- Parents, Aunts, Uncles and Relatives of the child or Guardian
Use the option:
You can deposit money to the Tikiri account through your nearest branch via Cash, Cheques or "Internet Banking" Transfers, Standing Orders, Seylan Tikiri gift Vouchers
Be entitled for further benefits
Get the benefit of bonus interest rates.
Open a Tikiri saving account today and get your kid a range of gifts from "Seylan Tikiri Gifts Scheme" with loads of other benefits".
How to Register:
Step 1: Complete the Online Application
Step 2: Upload your National Identity Card, Child's Birth Certificate & supporting proof documents.
Step 3: Submit.
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Children's Savings Interest Rates
| Balance | Age Below 15 years | Age Above 15 years | AER % |
|---|---|---|---|
| Interest Rate % p.a. | Interest Rate % p.a. | ||
| Balances up to Rs. 100,000/- | 4.00 | 4.00 | 4.08 |
| Bonus interest will be computed on normal interest rate, for deposits above LKR 100,001/- as per the below table; | |||
| Rs. 100,001 - 200,000/- | No Bonus Interest | 5.00% | - |
| Rs. 200,001 - 300,000/- | No Bonus Interest | 7.50% | - |
| Rs. 300,001 - 400,000/- | No Bonus Interest | 10.00% | - |
| Rs. 400,001 - 500,000/- | No Bonus Interest | 12.00% | - |
| Rs. 500,001 - 750,000/- | No Bonus Interest | 15.00% | - |
| Rs. 750,001 - 1,000,000/- | No Bonus Interest | 17.50% | - |
| Rs. 1,000,001 - 1,250,000/- | No Bonus Interest | 20.00% | - |
| Rs. 1,250,001 - 1,500,000/- | No Bonus Interest | 22.50% | - |
| Rs. 1,500,001 and above | No Bonus Interest | 25.00% | - |
| Rs. 2,000,001 and above | 25.00% | - | - |
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