Commercial Bank of Ceylon PLC- Regular Savings Account

Saving Money

With the Ordinary Savings Account, you have the option of saving in the traditional way through a Passbook Savings Account or in the modern way with a Statement Savings Account where you will receive a statement on a monthly basis, indicating the transactions.

You can open an individual account in your name or even have an account jointly with one or more parties. Accounts can be opened at any Commercial Bank Branch or Supermarket Banking Counter.

Whatever the type of account you choose, you will also be entitled to an ATM/Debit card.

What makes the Commercial Bank Savings Account special?

Interest on Interest

Interest will be calculated on the daily balance and credited to your account monthly, thereby you will earn interest on interest. In other words, your money builds upon itself.

Fast, Easy and Secure Access

Fast, convenient and 24 x 7, unlimited access points to your account from anywhere in the world - through online or through the millions of ATMs belonging to Cirrus or Visa networks - anytime and anywhere.

How to open a Ordinary Savings account ?

Visit a Branch or a Supermarket Banking Counter of the Commercial Bank most convenient to you and open a Savings Account today. Remember to take your National Identity Card, Driving Licence or Passport along.

If you are a Sri Lankan citizen residing outside Sri Lanka you may download an Application Form, complete and send it along with the required documents to the Branch or Supermarket Banking Counter of your choice.

Interested ? Then call your Nearest Commercial Bank branch and find out more !

Rules | Download Application | Interest Rates | Tariffs | Request Information

ATM/Debit Card

Did you know?

You can select the Daily ATM Withdrawal Limit and the Daily Debit Card Purchase Limit to suit your requirements.

Commercial Bank ATM/Debit Card will enable you to carry out a variety of ATM transactions such as Cash Withdrawals, Balance Inquiry, obtain Mini Statements, Bill Payments, Transfer of Funds between your accounts etc., from any Commercial Bank ATM, 24 hours of the day. You can even withdraw money from other ATMs belonging to the network of your ATM card (Cirrus/Visa), in Sri Lanka or in any other country if you are travelling abroad (this service involves a nominal fee). This card can also be used as a Debit Card to pay for your purchases at shops, restaurants and other merchants displaying respective Visa/Maestro sign.

More Info >>

RULES FOR SAVINGS ACCOUNTS

Business relating to Savings Accounts will be conducted by the Bank during normal business hours.
The minimum deposit required to open an account varies from branch to branch. This information could be obtained on request. There are no limitations on subsequent deposits.
Accounts which carry less than the required minimum balance * may be closed by the Bank.
Cheques / Drafts which are not drawn favouring the Bank and money orders etc., will be accepted to the credit of savings accounts only at the discretion of the Bank.
Interest will be calculated on the daily balance and credited monthly.
Each Pass Book Savings account holder will be issued with a Pass Book, the safety of which will be the account holder's responsibility. The Bank must be notified without delay if the Pass Book is lost, stolen or misplaced.
The amounts deposited and withdrawn will be recorded in the Pass Book by the Bank. Account holders should examine Pass Books carefully before leaving the Bank and satisfy themselves that the entries made therein are correct. Any discrepancy must be notified to the Bank immediately.
Pass Book should be presented at least once in every six months to have all transactions recorded therein. Transactions beyond three years will not be available for recording in the passbook.
The Bank reserves the right to mail, at its discretion, statement of transactions not recorded in the Pass Book.
With regard to the Statement Savings Accounts, a statement of transactions will be issued once in every 3 / 6 / 12 months as decided at the time the account was opened. Account holders should verify the correctness of transactions recorded in the statement and the Bank should be notified of any discrepancy without delay.
Withdrawals can be made by the account holder from the ATM or at the Bank counter upon the production of the Pass Book and a correctly completed withdrawal form. When making over-the-counter withdrawals, Statement Savings account holders should produce their ATM card together with the correctly completed withdrawal form.
Any payments made by the Bank upon a correctly completed withdrawal form together with the Pass Book shall have the same effect as if made to the account holder personally.
The Bank reserves to itself the right to alter or add to these rules at any time.

* Minimum balance may vary depending on the type of account and the location of the branch. This information could be obtained on request

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