Product Name

Corporate Savings Accounts

Introduction

Corporate Savings Account is a deposit account to which your deposits can be made in any amount at any time as well as withdrawals.  This account can be used for Internal Transfers, Outward and Inward Remittances for business purposes, and is available in Rupee, USD and RMB currencies. There will be a monthly account service fee and when the deposited amount reaches to a certain amount it will be free of charge.　　　　　　　　　　　　　　　　　

Product Features 

1.Rupee Cash deposits and withdrawals can be done in our bank (appointment to be made in advance and the relevant fees to be paid)

2.Internal transfers can be done between this savings account and the Current accounts opened by same customer name in our bank.

3.This account can be used for Internal Transfers, Outward and Inward Remittances for business purposes.

Interest Features

At the beginning of each month, the interest of the previous month will be calculated according to the agreed interest rate when opening the account and the actual saving days. 

Documents to be submitted

Corporate customers are required to submit, including but not limited to, the following documents when opening the saving account in our bank.

1.Company registration

2.Proof for Company address

3.Company Tax Registration (If any)

4.Shareholders information (If any)

5.ID and address information of the Authorized Persons

6.Other

Reminder

Due to the changes of the rates occurred in the International market, foreign currency deposits need to bear the certain exchange rate risks.

Currently we are not accepting foreign currency cash deposits and withdrawals.

Our corporative savings implement the relevant provisions of Sri Lankan Deposit Insurance Law.