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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.
How to get started
Sri Lankan Children who are under 15 years of age.
Minimum Deposit to open the account
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 90 days.
Who can open the account
Parents, Aunts, Uncles and Relatives of the child or Guardian
Use the options
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"
Interest Rates Fees
|BALANCE||AGE BELOW 15 YEARS||AGE ABOVE 15 YEARS||AER|
|Balances up to LKR 100,000/-||4.00%||4.00%|
|Balances above LKR 100,001/- a bonus interest is Applicable on the NORMAL INTEREST, as follows:|
|LKR 100,001/- - LKR 200,000/-||No Bonus Interest||5.00%|
|LKR 200,001/- - LKR 300,000/-||No Bonus Interest||7.50%|
|LKR 300,001/- - LKR 400,000/-||No Bonus Interest||10.00%|
|LKR 400,001/- - LKR 500,000/-||No Bonus Interest||12.50%|
|LKR 500,001/- - LKR 750,000/-||No Bonus Interest||15.00%|
|LKR 750,001/- - LKR 1,000,000/-||No Bonus Interest||17.50%|
|LKR 1,000,001/- - LKR 1,250,000/-||No Bonus Interest||20.00%|
|LKR 1,250,001/- - LKR 1,500,000/-||No Bonus Interest||22.50%|
|LKR 1,500,001/- - and above||No Bonus Interest||25.00%|
|2,000,001/- & above||25.00%|
- Copy of the birth certificate along with the Tikiri mandate.
- Parent’s or Guardian’s copy of the NIC/Driving License/Passport.
- Bank Mandate.
What is the minimum initial deposit to open a Tikiri account?
What are the required documents to open a Tikiri Account?
Who are eligible to open an account?
All Srilankan citizens below 15 years
Can Srilankans living abroad can open an account?
Yes, Foreign currency account
Can the gifts value be credited to account?
Yes, the definite gifts value can be credited to Tikiri account.
What are the gifts that Tikiri offering on account balances?
|Account Balance (LKR)||Gift Entitled||Value Credit in lieu of Tikiri Gift|
|10,000/-||Kids Blocky Toy||650/-|
|50,000/-||Remote controlled Drone (for Kids below 15 years)||2,500/-|
|Bicycle (For kids below 8 years)|
|150,000/-||DVD Set up||8,000/-|
What is the age limit to open a Tikiri Account?
Tikiri account can be opened for any child below 15 years
What is the interest rate for Seylan Tikiri Account?
Interest is calculated on daily balance and credited monthly balance up to Rs.100,000/- will be 4% p.a.
How does the Tikiri bonus interest scheme work?
|Account Balance(LKR)||Below 15 Years||Above 15 Years|
|100,001 – 200,000||No Bonus Interest||5%|
|200,001 – 300,000||No Bonus Interest||7.5%|
|300,001 – 400,000||No Bonus Interest||10%|
|400,001 – 500,000||No Bonus Interest||12.5%|
|500,001 – 750,000||No Bonus Interest||15%|
|750,001 – 1,000,000||No Bonus Interest||17.5%|
|1,000,001 - 1,250,000||No Bonus Interest||20%|
|1,250,001 – 1,500,000||No Bonus Interest||22.5%|
|1,500,001 and above||No Bonus Interest||25%|
|2,000,001/- & above||25%|
Can the cash be withdrawn before 18 years?
Yes, due to special conditions such as child’s surgeries, decease of parents etc.