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About Regular Savings
LB Finance Regular Savings Account is a simple and convenient savings solution for customers who want easy access to their money while earning interest on their daily balance.
The account offers tiered interest rates, with interest accrued daily and capitalized at the end of each month. Customers can access funds using VISA-enabled debit cards, ATMs, POS transactions, and SLIPS/CEFTS transfer facilities.
The minimum opening balance is Rs. 500, while CIM accounts can be opened with zero balance.
- Tiered interest rates based on daily balance.
- Interest accrued daily and capitalized monthly.
- VISA-enabled debit cards available.
- ATM withdrawals locally and internationally.
- SLIPS and CEFTS transfer facilities available.
- CIM accounts can be opened with zero balance.
Why Save with LB Finance?
A practical savings account with easy minimum balance requirements, debit card access, and digital transaction facilities.
- Easy Minimum Balance
- Open a Regular Savings Account with a minimum balance of Rs. 500.
- Daily Interest Calculation
- Interest is calculated on your daily balance and capitalized at month end.
- Debit Card Convenience
- Access your money with a VISA-enabled debit card for ATM and POS transactions.
- ATM Access Anywhere
- Use LankaPay-enabled ATMs locally and VISA-enabled ATMs internationally.
- Digital Savings Through LB CIM Wallet
- Use LB CIM Wallet for online transactions while serving as a digital savings account.
Who Can Open This Account?
- Individuals aged 18 years or above.
- Sri Lankans with a valid NIC or Passport.
- Foreigners with a valid residence visa in Sri Lanka.
- Customers who can make the minimum opening balance of Rs. 500.
- CIM account users who wish to open with zero balance.
Legal provision
- Contract Law
- Directions & Circulars of Central Bank
- Policies and procedures on dormant accounts and abandoned properties
- Savings accounts with no transactions for a one-year period are classified as Dormant Accounts.
- A duly filled Dormant Account Activation Form along with identity confirmation are required to
reactivate a dormant account.
Documents You'll Need
- Valid National Identity Card or Passport.
- Proof of current residential address.
- Residence visa for foreign applicants.
- Completed account opening forms.
- Any additional documents requested by LB Finance.
Sri Lanka Deposit Insurance Scheme (SLDIS) Information: SLDIS's web
For more information, please visit the following link: SLDIS's FAQs
How to Apply in 3 Simple Steps
1
Apply Online or Visit Branch
Apply through LB Finance digital channels or visit any LB Finance branch.
2
Submit Documents
Submit your identification and address verification documents.
3
Make Initial Deposit & Start Saving
Deposit Rs. 500 or open a CIM account with zero balance and begin saving.
Frequently Asked Questions
The minimum opening balance is Rs. 500. CIM accounts can be opened with zero balance.
Interest is accrued daily and capitalized at the end of the month.
No. Account holders below 18 years of age are not allowed to open Regular Savings Accounts.
Yes. ATM withdrawals are available through LankaPay-enabled ATMs locally and VISA-enabled ATMs internationally.
There is no opening fee. CEFTS and SLIPS fees apply, and ATM withdrawals are subject to transaction fees.
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