Fixed Deposits

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Features & Benefits

Sarvodaya Development Finance Limited accepts deposits from Sri Lankans over the age of 18, Each deposit is made for a specific period of time, in terms of months or years and gives a higher yield than regular savings accounts, depending on the tenure. Interest is paid either monthly or at maturity.

  • It is a fixed investment for 3months to 60months.
  • Loans can be taken against the deposit to a certain percentage.
  • Fixed interest rate for the period as agreed.
  • Senior Citizens are offered 0.5% additional interest rate.

Eligibility

  • Minimum deposit Rs.5000/-
  • Citizen of Sri Lanka

Documents Required

  • The completed mandate and the signature/s of the depositors.
  • NIC/s of the depositor/s
  • KYC of the depositor/s

What is Sarvodaya

History of the Sarvodaya Development Finance (SDF)

Sarvodaya Development Finance(SDF), was established by Sri Lanka’s oldest continuing social movement, the Sarvodaya Sharamadana Movement. The purpose was to support underserved rural economies and grass roots entrepreneurism in Sri Lanka, that represented communities deemed ‘non-bankable’ by formal financial institutions. As the financial arm of the Sarvodaya Movement, SDF is the only finance company in Sri Lanka owned by a charity and is the first dedicated development finance institution in Sri Lanka. SDF is also one of the oldest Micro credit institutions in Sri Lanka and is the first formal financial institution to channel private sector investments into low and mid-income groups in the country.

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