Senior Citizen Savings
Main Benefits
- Interest is calculated daily based on the end-of-day savings balance and credited monthly.Savings balance parameters and rates are follows.
| Savings Balance | Applicable rate | AER |
|---|---|---|
| Up to Rs.299,999/- | 6.5% | 6.69% |
| Rs.300,000/- to Rs.499,999/- | 6.75% | 6.96% |
| Rs.500,000/- to Rs.999,999/- | 7.00% | 7.23% |
| Above Rs.1,000,000/- | 7.25% | 7.49% |
- Online banking facility & Rs. 1,000,000/-transaction limit per day.
- Convenient cash deposits / withdrawals / fund transfers through island wide branch network & Can deposit via People’s bank CDMA
- Door to door savings cash collection service. (Palmtop Collection) & QR facility for merchants.
- Free Debit card.
- Zero annual Fee for Debit card.
- Visa international debit card enabling cash withdrawals from any of People’s Bank teller machines or any of Visa compliant teller machines
- Local & Foreign Usage- Debit / ATM withdrawals up to LKR.100, 000/- per day or purchases up to LKR.150, 000/- (POS only / POS + ATM) per day.
- 24 hour worldwide access to your account through visa enabled Debit Card.
- E-Commerce facility
- Free of charge Standing Order facility.
- Free SMS notification facility for every transaction such as deposits, withdrawals & performance of standing orders.
- The company will accept cheques drawn in favor of the account holder or in favor of People’s Leasing & Finance PLC, including therein the name of the account holder and the account number.
- Issuing Balance Confirmation