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Senior Citizens' Fixed Deposits

Exclusively crafted for customers aged 60 and above, offering specialized benefits to meet senior financial needs.

Features, Benefits and Eligibility

  • Residents of Sri Lanka over 18 years of age are eligible to apply
  • Minimum Deposit Amount of Rs. 5,000.00
  • Additional Interest Rate of 0.5% for Senior Citizens
  • Easy Access to other financial services such as Savings Accounts, Leasing, and Loan Facilities
  • Cash-Backed Loans up to 80% of FD value.
  • Eligible deposit liabilities are insured under the Sri Lanka Deposit Insurance Scheme, implemented by the Monetary Board, with compensation up to a maximum of Rs.1,100,000/- per depositor.

Required Document

  • Application Form

    Download Form

  • Know Your Customer (KYC) Form

    Download Form

  • A Copy of National Identity Card (NIC) or Passport/Driving License

Interest Paid Rate

Interest Paid Monthly Interest Paid At Maturity
Period Rate A.E.R. A.E.R Rate A.E.R. Rate A.E.R.
1 Month 0% 0% 10% 10%
3 Months 10% 10% 10% 10%
4 Months 10% 10% 10% 10%
6 Months 10% 10% 10% 10%

AER: Annual Effective Rate | EFFECTIVE DATE: 25.11.2024

Popular Questions About the Senior Citizens' Fixed Deposits

With Singer Finance, your savings are in trusted hands. We have a solid track record of providing safe and secure savings solutions for our customers.

Our team is committed to providing personalized service that caters to your specific needs. We’re always here to assist you, making your savings journey smooth and hassle-free

Absolutely! We offer a range of savings products tailored to suit various financial goals, supported by digital means and various digital enhancements.

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