Accessibility Options
Content
Colors
Navigation
- Personal Banking
- Save & Invest
- Nations Prabuddha
Nations Prabuddha
Banking designed for your retirement years.
Embrace comfort and financial peace in your golden years with Nations Prabuddha, designed to enrich your savings with preferential returns and meaningful benefits.
Inquire NowBenefits
Preferential savings interest rate for eligible senior citizens*
No penalties on premature upliftment of fixed deposits for medical emergencies
Option to open the account jointly with a spouse or children
Pension-based loan facility options (subject to eligibility and verification)*
Eligibility
Sri Lankan or non-national residents aged 60+ (valid NIC/passport or resident visa)
Minimum opening deposit: LKR 10,000*
Proof of address (for example, a recent utility bill, if required)
Prabuddha Interest Rates
Preferential interest rate of 4.0% on Nations Prabuddha Senior Citizen Savings Account.
| Account Balance | Interest Rate p.a. |
|---|---|
| 0 – 999.99 | 0% |
| 1,000.00 – 4,999.99 | 3.5% |
| 5,000.00 above | 4% |
effective from 1st August 2020
- No penalties on pre-mature upliftment of fixed deposits for medical emergencies
- In the event of a medical emergency if customer requires to prematurely uplift the deposit, below form should be filled and submitted to the branch along with relevant supporting documents
- Upon evaluation of the documents and the validity of the claim, the waiver will be granted
- Option to open the savings account jointly with spouse or children.
- A loan facility up to a maximum of 15 times of the monthly pension.
pension based loan facility
- Customer should be a government or private pensioner
- Monthly pension should be transferred to Nations Prabuddha Savings Account
- Net monthly pension amount should be LKR.45,000/- or above
- Maximum loan period is 5 years
- Minimum loan amount is LKR 200,000 & maximum loan amount is LKR 1.5Mn
- Loan can be applied jointly with spouse or children
- An insurance cover should be obtained by the customer which will be facilitated by the Bank
- Age should be between 60-72 years
- Overdraft and loan facilities based on the account balance*
- Credit Card facility*
- Nations MasterCard Shopping Debit Card
- No charges for over-the counter deposits and withdrawals
- Bank-At-Your-Doorstep service
Documents/steps to get started
- Duly completed account opening form
- Initial deposit of Rs. 10,000/-
- Copy of the National Identity Card or Valid Passport
- Billing proof (A recent utility bill as proof of address if the permanent address differs from NIC address)
- Additional documents when applying for the loan facilities
FAQs
Customers aged 60 and above can open the account (subject to the Bank’s KYC requirements).
The minimum opening deposit is LKR 10,000 (subject to change).
Yes. The account can be opened jointly with a spouse or children, subject to requirements.
You’ll need to submit the required form and supporting medical documents. The waiver is granted after evaluation of the claim.
No. Credit facilities are subject to eligibility and verification.
Inquire Now
Fill in your details and our team will get in touch with you shortly.