Highlights

A special interest rate which is higher than the normal interest rate offered will be offered to you.
A Debit Card will be offered free of charge.
You can apply for a ComBank Credit Card depending on your needs and income. Credit Card is offered with no joining and first year annual fee.
You can open either a Statement Savings or a Pass Book Savings Account according to your choice.
You can appoint a Nominee for your account.

Facilities

Priority service from all Commercial Bank branches.
Online Banking - Registration fee and first year annual fee waived off.
Mobile Banking facility - Free of charge.
Debit Card - Personalized or instant card. First Debit card will be free of charge.
SMS alert facility - Registration fee waived off.
e-Passbook facility - Free of charge.
e-Statement facility - Free of charge.

Features

Your interest will be calculated on a daily basis and credited monthly.

Your money is freely available for withdrawals or transfers. No prior notice is required. There is no minimum period for deposits.

You can also make payments for goods and services using your Debit card, to any merchant with a POS machine connected to Visa, Mastercard, UnionPay & JCB network.

Fast, convenient and 24/7 unlimited access points to your account from anywhere in the world through our Online Banking, Mobile Banking, ePassbook facilities and our automated touch points (Cash deposit, Cheque deposit, Cash withdrawal machines).

You have the option of requesting either a personalised or instant Debit card free of charge with higher withdrawal or transaction limits.

Interest rates

	Interest Rate (p.a.)	Annual Effective Rate
Udara Savings - Int paid monthly	3.00	3.04
Udara Fixed Deposits - Int paid monthly	13.60	14.48
Udara Fixed Deposits - Int at maturity	14.50	14.50

Eligibility

If you are a senior citizen aged 60 years and above you are eligible to open this account.

Account could be opened as an individual account in your name or as a joint account with one or more person aged 60 years and above.

Deposits & withdrawals

All deposits and withdrawals can be made through ATMs, CDM, CRMs or over the branch counters.

If you are a Passbook savings account holder, please produce your passbook along with the duly completed withdrawal form, when making over the counter withdrawals.

In addition to cash deposits, you can deposit cheques, Bank drafts and money orders drawn in favour of your or your bank's name.

Documents required

Account mandate.
Know Your Customer (KYC) form.
National Identity Card/ Valid Driving License/ Valid Passport that carries the NIC number.
Address verification documents (If the address given to the bank is different from the National Identity Card / Driving License.) More info >>

Opening an account

Minimum initial deposit – Rs 1,000/-.

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

You can collect an account mandate from your nearest Commercial Bank Branch or download it from our web site.

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.