National Saving Bank (NSB)

Process 01 - Open New Account

Objective
The primary objective of the procedures is to provide legal authority for transaction the money
with NSB bank. This process occurs in manually in any branch of NSB.

Any citizen of Sri Lanka over 7 years of age could open an ordinary Savings Account in any
branch of the NSB which consists over 152 branches, 12 postal banking branches, 06 loan
centers and 01 ridee rekha center throughout the island. And also customer have the option of
opening the account as an individually, jointly or as a minor account.
NSB savings accounts can be opened for Category of people/organizations
Like special funds, social organizations, deposits, bank guarantees or legal compensation.

• Documents Required Opening a Savings Account

 Account opening application

 National Identity Card or any other identity acceptable to the bank

• Account opening procedure

 Obtain application Banking Officer of any NSB branch

 Complete the application form Hand over the duly completed application form with
identity card to the Banking Officer who will endorse the opening of the account.
 Deposit the initial deposit requirement at the counter which is Rs.100/- or any amount
above the limit.
 Submit the deposit acknowledgement to the Banking Officer who will issue the savings
pass book immediately.

The following are the key features that entail the scheme.

 Simplified account opening procedure.

 Longer business hours for transactions.
 Attractive interest payment to the minimum balance held monthly.
 Interest for a minimum balance of Rs. 100/-
 Loans against deposits at a lesser interest rate.
  Life cover up to One Million according to the account balance.
 ATM / Master Debit / Shopping card facility.
 100% government guarantee on all your savings and interest earned thereon
 Standing order facility
 Interest will be calculated daily and credited to the account monthly.

Special Benefits that receive for the Account holders

 The salient feature of this account is free funds transfer to any NSB Account.
 ATM / Master Debit / Shopping card which enables you to transact with up to ten
accounts
 VIP priority
 Account holders are entitled to nomination facility.
 The Interest will be calculated daily and credited to the account monthly.
 NSB offers 100% Government Guarantee on all your deposits.

Type of Account that NSB offer for the customer

 Saving Account: Ordinary Savings, Post Office Savings, Happy Saving, NSB pension+,
Extra XL Bonus
 Minor Accounts: Hapan Prarthana
 Teenage Accounts: Ithuru mithuru
 Ladies Accounts: Sthree Accounts
 Senior Citizens Accounts: Gaurawa Pensioners Account

 Input Process Output

Application Check details Issue pass

And approve Book
application
http://www.nsb.lk/Ordinary_savings.php