BOC Agri Power

Special Fixed Deposit Scheme

The Agri-Power Special Fixed Deposit Scheme offers a unique opportunity for patriotic and socially responsible corporates and individuals to contribute towards the upliftment of Sri Lanka’s agricultural sector, support a sustainable national future, and earn interest income

Eligibility

• Sri Lankan Residents aged 18 years or above.
• Sri Lankan Non-Residents-Migrant Employees.
• Institution duly registered/incorporated in Sri Lanka.

Features

2 Year Agri-Power Fixed Deposit

Period: 2 Year
Minimum Deposit: Rs. 5,000/-

Interest Payment	Monthly Interest Payment	Interest paid at maturity
Nominal Rate (p.a.)	5.00%	5.50%
AER (p.a.)	5.12%	5.36%
Interest Payment	Transfer to CASA	Capitalized or Transfer to CASA

4 Year Agri-Power Fixed Deposit

Period: 4 Year
Minimum Deposit: Rs. 5,000/-

Interest Payment	Monthly Interest Payment	Interest paid at maturity
Nominal Rate (p.a.)	5.25%	6.00%
AER (p.a.)	5.38%	5.53%
Interest Payment	Transfer to CASA	Capitalized or Transfer to CASA

Additional Benefits

Special Recognition Letter for contributing to the agricultural sector
Internet Banking and Smart Passbook facilities
E-statements or printed statements at maturity
Automatic Renewal
Single Customer can open multiple Agri-Power Fixed Deposit accounts
Loan/advance facilities available against the Deposit (as per bank guidelines)

Key Conditions

Minimum deposit: Rs. 5,000/-
Can be opened only in Sri Lankan Rupees.
In the absence of withdrawal upon maturity, the deposit will be automatically renewed for an identical term.
At renewal, the system applies the interest rate prevailing at the time of renewal.

Invest in the Agri -Power Fixed Deposit today and grow your savings while supporting Sri Lanka’s agricultural future.

Documents Required

For Residents:

Copy of National Identity Card (NIC)
Address verification documents if the resident address differs from NIC

For Non-Residents:

Copy of the Applicant’s Passport (bio page)
National Identity Card Number (Shall be Verified)
Copy of Valid visa or Documentary evidence to ascertain the employment
Copy of valid Address verification documents

For Institutions:

Required supporting documents based on the type of institution (Registration documents, Resolution, Ownership details etc)

Terms and Conditions

Partial withdrawals are not allowed. Premature closures are allowed subject to the applicable penalty rules applicable for fixed deposits.
Joint Accounts are permitted with parties under the same category of resident or Non-Residents.
The Original Fixed Deposit Certificate must be surrendered at time of uplifting the deposit.
Lost certificates must be reported immediately.
Closure of accounts are allowed only at the account opening branch.