Isuru Minors' Savings Plan
Commercial Bank Of Ceylon PLC
Features There are 2 savings methods to Choose from, The Isuru Monthly Deposit Scheme allows you to deposit a selected amount from Rs 500/- to Rs 20,000/- monthly or any amount in between in multiples of Rs 500/-. The period of deposit could also vary from five to ten years The Isuru Lump Sum Deposit Scheme is to deposit a single lump sum. You can make deposits starting from Rs 5,000/-. Isuru entitlement certificate will be issued upon completion of one of the above mentioned payments schemes. The guaranteed amount that your child will receive depend on the amount you deposit, period and the age of your child. In the event of the unfortunate demise of the depositor during the agreed period of deposit, the Bank will take care of the monthly deposits and will issue the entitlement certificate for the full guaranteed amount. Your child, upon reaching the age of 18 years, can collect the full guaranteed amount by presenting the Isuru entitlement certificate to the Bank.
| Category | Rate |
|---|---|
| Children Savings | 9.00% |
Rates and terms last verified on 1 August 2025.These rates may be outdated — please confirm with the bank before applying.
Features There are 2 savings methods to Choose from, The Isuru Monthly Deposit Scheme allows you to deposit a selected amount from Rs 500/- to Rs 20,000/- monthly or any amount in between in multiples of Rs 500/-. The period of deposit could also vary from five to ten years The Isuru Lump Sum Deposit Scheme is to deposit a single lump sum. You can make deposits starting from Rs 5,000/-. Isuru entitlement certificate will be issued upon completion of one of the above mentioned payments schemes. The guaranteed amount that your child will receive depend on the amount you deposit, period and the age of your child. In the event of the unfortunate demise of the depositor during the agreed period of deposit, the Bank will take care of the monthly deposits and will issue the entitlement certificate for the full guaranteed amount. Your child, upon reaching the age of 18 years, can collect the full guaranteed amount by presenting the Isuru entitlement certificate to the Bank.
- Isuru Minors’ Savings Plan is the ideal Investment plan for your child which is easy and a convenient way to save regularly for your child's future.
- Your child will receive a guaranteed amount upon he/she reaching 18 years of age.
- You can choose either to save monthly or do a one-time single (Lump sum) deposit, as you desire.
- Your child will receive an entitlement certificate which assures that he/she will receive the guaranteed amount as he/she reaches 18 years of age, despite any interest rate fluctuations.
- Contact Bank
- Isuru Minors' Savings Plan Mandate.
- Know Your Customer (KYC) form.
- Depositor's National Identity Card/Valid Driving license/Valid Passport that carries the NIC number.
- Address verification documents (If the address given to the bank is different from the National Identity Card / Driving License.) More info >>
- Original birth certificate of the minor (Copy to be retained with branch).
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