NDB Shilpa Children's Savings Account

A gift for play and gift for study from NDB Shilpa Children's Savings Account.
Key Features

As a parent or guardian you want nothing but the best for your child and will always strive to save for their future while also instilling a savings habit in them. This is why we offer exciting gifts and a bonus interest for fixed monthly deposits as a rewarding experience for you and your child.

Gifts

Account Balance - LKR

Gifts

2,500

Till

5,000

School Bag

10,000

Skate Board/ Doll

25,000

Smart Watch / Organ /Gift voucher of Rs.1,000/- from Sarasavi /DSI / Abans /Singer /Tomahawk

50,000

Remote Control Helicopter / Scooter / Melodica / Gift voucher of Rs.3,000/- from Sarasavi /DSI / Abans /Singer /Tomahawk

75,000

Gift voucher of Rs.4,500/- from Sarasavi /DSI / Abans /Singer /Tomahawk

150,000

Gift voucher of Rs.9,000/- from Sarasavi /DSI /Abans /Singer /Tomahawk

250,000

Gift voucher of Rs. 12,000/- from Sarasavi /DSI / Abans /Singer /Tomahawk

500,000

A Gift voucher of Rs.15,000/- from Sarasavi /DSI /Abans /Singer /Tomahawk *

1,000,000

 A Gift voucher of Rs.25,000/- from Sarasavi /DSI /Abans /Singer /Tomahawk *

5,000,000

 A Gift voucher of Rs.75,000/- from Sarasavi /DSI / Abans /Singer /Tomahawk *

*Gift vouchers will be given to purchase the above items

Gifts for Lumpsum Deposits

Account Balance - LKR

 Gifts

 100,000

 Gift voucher of Rs.6,500/- from Sarasavi / DSI / Abans / Singer /Tomahawk
  • Account holders of 15 years and below will be eligible for the Gift Scheme
  • The account holder is entitled to a free hospitalization cover whereby Rs.2,500/- per day shall be paid in the event of the account balance reaching Rs.20,000/- However the total amount payable shall be subject to a maximum amount of Rs.225,000 /- per annum
  • In the event the account holder is admitted to the intensive care unit of a hospital , the above benefit on hospitalisation per day shall be doubled. However the total amount payable will be subject to a maximum amount of Rs.225,000 per annum
  • In the event the account balance reaches Rs. 20,000/- the parent /guardian (who has signed the mandate) of the account holder shall be entitled to a free life insurance cover and a permanent disability cover amounting to Rs.50,000/-
  • In the event the account balance reaches 50,000/- , the above benefit to the parent/guardian shall be doubled.
  • Standing orders will be placed free of charge for money transfers from parent's/guardian's NDB Account to NDB Children's Savings Account
  • Special rewards for your child`s performance at the Grade 5 Scholarship Exam
  • Special rewards for your Child’s performance at G.C.E O/L exam

*Terms & conditions apply

Grade 5 Scholarship Exam

Ranking

Cash Reward Amount

All island 5th Place

Rs.100,000/- each

All island 5th to 10th Place

Rs.50,000/- each

Marks above 175

Rs.5,000/- each


Conditions

  • Such amounts will be credited to the child`s savings account
  • To be eligible for the cash reward the account balance should carry a minimum of Rs.2,500/- in the account as at date of the exam
  • Relevant proof of documentation from the Education Department should be submitted with the application
  • Adherence to the Shilpa account `savings pledge` commitement as agreed is a pre-requisite to be eligble for this recognition programme

G.C.E O/L Examination

Ranking

No of Rewards

Value of scholarship

All island 1st Place

1

350,000/-

All island 2nd Place

1

250,000/-

All island 3rd Place

1

200,000/-

All island 4th Place

1

150,000/-

All island 5th to 10th Place

 6

50,000/- each


* A minimum account balance of Rs 20,000/- or more to be maintained in the account before the exam to be eligible

MORE DETAILS
  • Account can be opened by parents/guardian for children between 1 day and - 18 years of age
  • Account can be opened with initial deposit of Rs. 2,500/-
  • Account holders of 15 years and below will be eligible for the gift scheme
WHAT YOU'LL NEED
  • Parent’s/Guardian’s National Identity Card
  • Child’s Birth Certificate

Compare Accounts