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Senior Citizens of Sri Lanka

Because we truly care about you and understand your needs, our 'Udara Seniors' Account' is tailored to provide you with the best financial care and conveniences. This account, Udara Seniors' Account, can now be opened by all who are 55 years or above in age.

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Special features of Udara

A minimum initial deposit of Rs. 5,000/-
An additional interest of 1% over the normal interest on ordinary Savings Accounts
An additional interest of 2% over the normal interest on ordinary Savings Accounts upon the beneficiary reaching the age of 70. Those opening Udara Seniors' Accounts at 70 years of age or above are automatically entitled to this higher rate of interest
An additional interest of 1% over the published rate of interest on one year Fixed Deposits
Interest on Interest
Interest will be calculated on the daily balance and credited to your account monthly, thereby enabling you to earn interest on interest. In other words, your money builds upon itself.
A special Entitlement Card, will be issued enabling the Udara account holder to enjoy a number of facilities and concessions offered under this account

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Special facilities and concessions

Priority service for Udara account holders at all Commercial Bank branches - no waiting in queues
Access to the special Lounge and Reading Room at the Reid Avenue branch at Thummulla Junction
Membership of 'Medi-calls' at a concessionary rate
Discounts on medicines purchased from the in-house pharmacy at Reid Avenue and at selected pharmacies in the outstations
Special discounts at selected Nursing Homes and Hospitals
Concessions on purchases of orthopaedic equipment from Walk Rite
Free CAT - ATM/Debit card which will allow you to withdraw cash and do other selected banking activities from Commercial Bank ATMs anywhere, anytime, any day
Free ComTel telephone and Combank Online Internet banking facilities (only the annual fee would be payable)
A ComBank International Credit Card depending on the needs and the income of the account holder (No joining fee. Only the annual fee would be payable)

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How to open an Udara Seniors' account ?

An initial deposit of Rs. 5,000/- is all that you need to open an Udara Seniors' account. There are no limitations on subsequent deposits.

Visit a Branch or a Supermarket Banking Counter of the Commercial Bank most convenient to you and open an Udara Seniors' 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.

 

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.

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RULES FOR UDARA SAVINGS ACCOUNTS

1. Business relating to Udara Savings Accounts will be conducted by the Bank during normal business hours.

2. The minimum deposit required to open an account is Rs. 5,000/-. There are no limitations on subsequent deposits.

3. The Bank reserves the right to convert any Udara Savings Account which carries less than the required minimum balance of Rs. 5,000/- to an ordinary Savings Account. Such converted accounts will be governed by the rules applicable to ordinary Savings Accounts.

4. Cheques / Drafts which are not drawn favouring the Bank and money orders etc., will be accepted to the credit of Udara Savings Accounts only at the discretion of the Bank.

5. On eligible accounts interest will be calculated on the daily balance and credited monthly. Rate of interest applicable would be higher than the rate applicable to ordinary Savings Accounts.

6. Each Udara 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.

7. 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.

8. 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.

9. The Bank reserves the right to mail, at its discretion, statement of transactions not recorded in the Pass Book.

10. With regard to Udara 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.

11. 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.

12. Any payments made by the Bank upon the production of the Pass Book and a correctly completed withdrawal form shall have the same effect as if made to the account holder personally.

13. The Bank reserves to itself the right to alter or add to these rules at any time.

 

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