Highlights

• The best way to earn a higher interest rate for micro entrepreneurs’ savings.  
• All Divisaru savings account holders are eligible to open Fixed Deposits. 
• Name ‘Divisaru’ will be placed on the top of the fixed deposit certificate
• Select a plan of your choice and receive interests at maturity biannually, annually or monthly basis of annual deposit.
• Can get up to 90% of the deposit microfinance or additional up to Rs. 1.0 Mn against bank acceptable other securities.

Features

You can earn a higher rate of interest.

You can request the Bank to renew your deposit at maturity with interest earned added to the capital or renew just the capital.

You can receive up to 90% of your Fixed Deposit as a cash advance.

This special facility is offered for Fixed deposits with a value of Rs 25,000/- or above and a deposit period of 01 year.

The interest rate of the fixed deposit will remain unaffected until the deposit maturity.

You can earn interest monthly or at maturity, when you place a Fixed Deposit for 01 year.

If you place a Fixed Deposit for a period of 06 months, interest will be paid only upon maturity.

You can held Fixed Deposits as collateral for a microfinance facilities.

Eligibility

All Divisaru savings account holder micro entrepreneurs age over 18 years are eligible to open Fixed Deposits.

Minimum amount required to open a Fixed Deposit is Rs. 25,000/-.

Making withdrawals

The depositors may withdraw the Dlvisaru Fixed Deposit proceeds at their discretion or upon maturity only through the Divisaru Savings account. 

You can uplift the Fixed Deposits prematurely at a lesser rate of interest. Please speak to the branch manager if you need to make such a withdrawal.

Required documents

1. Account mandate.
2. National Identity Card/ Valid Driving License/ Valid Passport that carries the NIC number.
3. Address verification documents (If the address given to the bank is different from the National Identity Card / Driving License.) 

Placing a deposit

Duly complete all documents mentioned above and hand them over to your branch.

Only funds in existing or new Divisaru regular savings accounts can be transferred to newly opened Fixed Deposits.

Terms & conditions apply

Product information and terms & conditions are subject to change from time to time. Therefore, it is advisable to contact the branch nearest to you for the latest information and prevailing terms & conditions.