This is a deposit account combining the flexibility of a call deposit account with the high interest applicable on Time Deposits. 7 days notice of withdrawal is required and new deposits can be made to the same account at the prevailing rate.
Minimum Balance
Special Money Market Account - Rs.500,000/-
Regular Money Market Account - Rs.100,000/-
The rates of interest vary every week based on the Call Money rates prevailing in the inter-bank market and is published in the “Ceylon Daily News” every Tuesday.
Interest is paid quarterly.
A monthly statement is forwarded to the depositor. |
