General Savings

General Savings

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Features & Benefits

Regular or ordinary savings products are designed to meet the needs of individual and corporate citizens. Ordinary savings can be transformed into liquid cash in times of need, and among other uses, can help capitalize a business venture, meet lifecycle requirements and serve as collateral for credit.

Competitive interest rates are offered for ordinary savings accounts, with senior citizen’s accounts earning an additional interest of 1%.

  • Highest interest rates in the market offered.
  • Can be utilized to obtain loans.
  • Interest calculated daily & credited monthly.

Eligibility

  • Those who are above 18 years.
  • Opening Balance Rs.500/-
  • Can be opened for the single holder or for joint holders.

Documents Required

  • National Identity Card / Passport / Driving License
  • Billing Proof

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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