NDB Shilpa Savings Account

NDB Shilpa Children's Savings

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

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 habbit 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	Gift
1,000	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

Gift

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 anum.
Please note the above shall be applicable only after the account holder reaches one year (01) of age and for hospital stays of not less than two (02) nights
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.
Minimum monthly deposit of Rs.1,000 is required to be eligible for bonus interest

*Terms & conditions apply

Grade 5 Scholarship Exam

Ranking	Cash Reward Amount
All island 1st to 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.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 Scholarships
All island 1^st place	1	350,000/-
All island 2^nd place	1	250,000/-
All island 3^rd place	1	200,000/-
All island 4^th place	1	150,000/-
All island 5^th place to 10^thplace	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. 500/-
Account holders of 15 years and below will be eligible for the gift scheme