Navodaya Savings Account

The Navodaya Savings Account is designed to make banking more accessible for individuals engaged in Sri Lanka's priority sectors. With a low initial deposit requirement and access to a wide range of banking services, this account helps bring more people into the formal banking system while supporting their financial journey.

Whether you are involved in agriculture, fisheries, poultry, micro-businesses, or other income-generating activities, the Navodaya Savings Account offers a simple, affordable, and secure way to save and manage your money.

Features

Initial deposit of only Rs. 500/-
Minimum balance requirement of Rs. 500/-
Debit Card/ SMS facility
Access to the Bank's digital banking products and services
Eligible for advances against deposit balance
Ability to open joint account

Benefits

Affordable account opening with a low minimum deposit
Encourages financial inclusion through easy access to banking services
Safe and convenient way to save money
Access your account through the Bank's digital channels
Make cash withdrawals and payments using a Debit Card

Eligibility

You can apply for a Navodaya Savings Account if you:

Are a Sri Lankan resident aged 18 years or above and
Are engaged in a priority sector such as:
- Agriculture
- Fisheries
- Poultry
- Micro-businesses
- Other income-generating industries

Required Documents

Duly filled Personal Account Opening Application
National Identity Card
Proof of Address (If not residing in the same place mentioned in NIC)

Terms & Conditions

Minimum initial deposit and minimum balance requirement is Rs. 500/-.
Interest will be paid at the prevailing Normal Savings Account interest rate.
The account is available only to eligible Sri Lankan residents engaged in priority sectors.
Standard account opening procedures, compliance requirements, and operational guidelines applicable to Normal Savings Accounts shall apply.
Joint accounts are permitted.
Debit Card, digital banking facilities, and advances against deposits are provided subject to the Bank's prevailing policies, eligibility criteria, and applicable terms and conditions.
Accounts which do not record customer originated debit / credit transactions for a period of 365days or more are considered as Dormant Savings Accounts.