SDB bank | Lakdaru Kids Savings Account | Sri Lanka

Lakdaru Kids Savings Account | Sri Lanka

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SDB Lakdaru Children’s Savings Account is the ideal start to securing a financially sound future for yourchild. Offering a higher interest and a host of features including medical insurance as well as rewardsthat include scholarships and a reward scheme that grows with your child, empowering them tosucceed. Speak to us today to help your child realize their dreams.  

FEATURES AND BENEFITS
  • A higher interest for a children’s savings account (View Rates)
  • Hospitalization cover of up to Rs. 50,000/= valid for 01 year, for account holders who maintain a minimum account balance of Rs 50,000/-
    • Private Hospitalization – Rs.5,000/= per day up to 10 days (maximum Rs.50,000/=)
    • Government Hospitalization – Rs.3,500 /= per day up to 20 days (maximum Rs.50,000/=)
  • An attractive rewards scheme for children who excel at the Grade 5 Scholarship.
  • An attractive gift scheme based on savings balance as follows
Colouring book or SDB branded cap
Colouring book or SDB branded cap
Account Balance
Rs 5,000/=
SDB gift voucher worth 1000 rupees
SDB gift voucher worth Rs. 1,000/-
Account Balance
Rs 10,000/=
SDB branded school bag
SDB branded school bag
Account Balance
Rs 15,000/=
SDB gift voucher worth 2000 rupees
SDB gift voucher worth Rs. 2,000/-
Account Balance
Rs 25,000/=
Insurance Scheme
Insurance Scheme
Account Balance
Rs 50,000/=
SDB gift voucher worth 7500 rupees
SDB gift voucher worth Rs. 7,500/-
Account Balance
Rs 100,000/=
SDB gift voucher worth 10000 rupees
SDB gift voucher worth Rs. 10,000/-
Account Balance
Rs 250,000/=
SDB gift voucher worth 15000 rupees
SDB gift voucher worth Rs. 15,000/-
Account Balance
Rs 500,000/=
SDB gift voucher worth 20000
SDB gift voucher worth Rs. 20,000/-
Account Balance
Rs 750,000/=
Bicycle
A kid's bicycle or SDB gift voucher worth Rs. 30,000/-
Account Balance
Rs 1,000,000/=

WEF 16th June 2023

*Conditions apply

 
ELIGIBILITY
  • A Lakdaru account can be opened for children below the age of 18 by a parent or guardian (Sri Lankan citizen) over the age of 18.
  •  A minimum initial deposit of Rs. 5,000/=

  • Account holder's age should be under 13 years to be for be entailed to gifts.

REQUIRED DOCUMENTATION
  • A duly filled account opening application
  • Copy of the child’s birth certificate
  • Copy of the national identity card / passport / driver’s license of parent or guardian
  • Address verification document (i.e. copy of fixed utility bill, bank statement, etc) if current postal address differs from the national identity card or identification document
HOW TO APPLY

Sri Lanka Deposit Insurance Scheme
Deposit liabilities have been insured with the Sri Lanka Deposit Insurance Scheme implemented by the Monetary Board on payment of applicable premium for compensation up to a maximum of Rs. 1,100,000 per depositor. - https://www.cbsl.gov.lk/en/sri-lanka-deposit-insurance-scheme

 

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