Senehasa Minor FD
For the first time in Sri Lanka, from the Non-Bank Financial Institution (NBFI) sector, People’s Leasing and Finance PLC has launched a Fixed Deposits for Minors’ in line with World Thrift Day 2022.
In order to inculcate the habit of savings among the people in Sri Lanka, PLC as the pioneer in the NBFI sector introduces “Senehas Minors’ Fixed Deposits” and it has been specifically designed for the children below 18 years of age with many features and offer higher interest rates.
Main Benefits
- Minors’ Fixed Deposits will be opened by the Parent/ Guardian, on behalf of the child and can open any number of deposits under child’s name.
- Interest rates based on the tenor starting from 12 months to 24, 36, 48 and 60 months in duration.
- Interest will be paid at maturity or monthly as per the choice of the guardian on behalf of minor
- Monthly interest can be transferred to Minor Savings Account maintained at PLC, bank or other financial institution.
- Each Minors’ Fixed Deposits will be issued a Fixed Deposits certificate.
- After reaching 18 years of age, minor can close the Fixed Deposit by giving the original Fixed Deposits Certificate & NIC.
Senehas Minors’ Fixed Deposits Interest Rates
| Period (Months) | Maturity | A.E.R | Monthly | A.E.R |
|---|---|---|---|---|
| 12 | 9.00% | 9.00% | 8.50% | 8.83% |
| 24 | 10.25% | 9.77% | 9.75% | 10.19% |
| 36 | 10.75% | 9.76% | 10.00% | 10.47% |
| 48 | 10.75% | 9.35% | 10.00% | 10.47% |
| 60 | 11.75% | 9.68% | 10.75% | 11.29% |
A.E.R. – Annual Effective Rate
Minimum deposit amount for Maturity is Rs.10,000/= & for Monthly interest is Rs.100,000/= across all tenors.
With effect from 10 th April 2026.
*Please note that above rates are subject to changes without prior notice.