The Government Information Center

Fixed Deposits
National Savings Certificate
Friends
Triple A Fixed

Fixed Deposits

• Why should you invest with NSB?

Offers the highest competitive interest rates
100% government guarantee for your deposits
Fitch Triple A (AAA) rated only Sri Lankan Bank for the 7th consecutive year– most trusted, and reliable state bank.

• Who can open these accounts?

Sri Lankans over 16 years of age, individually or jointly
Minors below 16 years can open these accounts only with a parents/guardians
Legally recognized or incorporated organizations
What are the types of fixed deposits we have for you?

Interest paid at maturity
Interest paid monthly basis
Interest paid at maturity

Interest will be paid at maturity for 3, 6, 12, 24, 36 or 60 months for these deposits and the interest income can be transferred to any bank account, as requested at the time of opening the account. Minimum Deposits to open an account is Rs.1000/-

Interest paid monthly basis
period of deposits is one year and the interest will be paid on monthly basis. The interest can be transferred to any account at the request of the customer. Minimum Deposit to open an account is Rs. 25,000/-.

• What are the other benefits offered with these accounts?

Nomination Facility
Can obtain a loan against your fixed deposit up to 90%.
Automatic renewal facility
NSB Ready cash Card facility up to 80% of your fixed deposits.

National Savings Certificate

• What is a National Savings Certificate?

“A saving product which pays interest upfront”

Anyone can afford for a National Savings Certificate because they are available at different values of Rs. 500/-, Rs. 1,000/-, Rs. 5,000/-, Rs. 10,000/- and Rs, 25,000/-. You could determine the time periods for which you want your certificates (from 3, 6, 12, 24, 36 and 48 months).

• Why you should buy a National Savings Certificate?

If you surrender your certificate at the maturity, your interest is paid from the date of maturity.

Those over the age of 7 years can purchase National Savings Certificates.
Whenever the Certificates are surrendered after the date of maturity, reduced rate of interest will be paid for each completed month.

Friends

• WHAT "FRIENDS" IS?

"A way of permanent, life long income"

• How to open an Account?

If you are over 18 years of age you can open a "Friends" account for yourself or on behalf of others. All what you have to do is to visit any NSB outlet and open an account with a minimum deposit of Rs. 100/- or multiples thereof.

You are required to deposit an equivalent amount monthly, for a specified period (105 installments). At the end, you will receive a monthly income equivalent to your monthly deposit, for the rest of your life. Thereafter the monthly income can be drawn by a person nominated by you

You also have the choice of completing the target amount by making a lump sum payment and drawing the monthly income for life from the very next month.

• What are the benefits of this scheme?

If you are between 18 and 65 years of age at the time of opening a "Friends" account, the Sri Lanka Insurance Corporation will provide you with an insurance cover to continue the monthly payments up to a maximum of Rs. 500,000/= in the event of your death or complete disablement during the contributory period.

• Why is the "Friends" Account indispensable?

It is indispensable because it is a permanent income plan, which will secure your and your beneficiary's future.
For a businessman/self employed it could be a retirement plan, which will provide a permanent, life long income.
The "Friends" account can also be a supplementary income to those earning a monthly wage/pension.
For a working girl who plans to stay at home after marriage/housewife, this will become her own personal income which would make her independent

Triple A Fixed

"NSB TRIPLE A FIXED" - LONG TERM DEPOSIT SCHEME

• How safe is my investment?

All deposits with NSB and the interest thereon are fully guaranteed by the Government of Sri Lanka.
Our credibility and strength are further assured by the triple AAA Rating from Fitch Rating Lanka.

• What benefits do I get?

Long term deposits earning high interest rates
Interest plus capital payable at maturity
Instant credit facility
Facility to appoint nominees

• Can I take a loan?

Yes ! You can take a Loan against Deposits.
Loans against these deposits would be granted against the security of these deposits under the prevailing terms and conditions of loan against deposit scheme.

For more details contact NSB Call Center - (0112379379) 24 Hour Service