PERSONAL BANKING
Term Deposits for Individuals and Businesses

If you want to deposit your surplus funds in a fixed term deposit that attracts superior returns for a specific duration of time, the People’s Bank Fixed Deposit is the solution.

Maturity terms of deposits range from 01 month, 03 months, 06 months and 01 to 5 years. To find the interest rate applicable under each tenure click here.

Who is eligible to open a Normal Fixed Deposit?

  • Sri Lankans over 18 years of age can open individual or joint term deposits for the tenures mentioned above with a minimum deposit of Rs. 5,000/-

What are the benefits of opening a Fixed Deposit with People’s Bank

  • High interest rates compared with other deposit products.
  • Interest can be remitted/credited to any other party you nominate.
  • The term deposit can be maintained individually or jointly and a nominee can be appointed.
  • A cash margin soft loan can almost instantly be arranged if you need money urgently.
  • Interest may be collected either monthly or at maturity, according to your preference.

Term Deposits for Senior Citizens

The Parinatha Fixed Deposits offers unparalleled rewards at retirement age. It enables you to enjoy this time of life to the maximum or aid you in starting your own venture. Let your hard-earned savings work even harder for you so that you can do what you have always wanted.

To be eligible for these term deposits, you must be over 55 years of age.

  • Minimum deposit amount of Rs. 100,000/= Can be placed for a period of 12 months or 24 months.
  • A bonus interest rate of 1.5% over the normal fixed deposit rates.
  • Interest may be collected either monthly or at maturity, according to your preference.

Term Deposits for Minors

Can open from birth to 18 years of age.

  • Minimum deposit amount is Rs.5000/=
  • A additional interest rate of 0.5% over the normal fixed deposit rates.

Term Deposits for Special Senior Citizens

Can open for 60 years of age and above.

  • Minimum deposit amount is Rs.5000/=
  • Maximum deposit amount is Rs.1.5 Mn

Call Deposits

People’s Bank Call Deposits allow you to earn interest on your idle funds over a short period of time.

Who is eligible to open a Call Deposits

  • Individual or joint accounts can be opened for a minimum period of 7 days with a minimum deposit of Rs. 50,000/=

How is interest calculated on a Call Deposit?

  • Interest is calculated daily, based on the number of days the funds are held with the Bank. The funds can be withdrawn by giving 7 days notice to the bank

The benefits of having a Call Deposit at People’s Bank

  • Interest is calculated on a daily basis
  • Idle funds can earn interest in a short period of time
  • The account can be maintained individually or jointly
  • A cash margin soft loan can almost instantly be arranged if you need money urgently