Our attractive deposit taking interest rates are linked with the amount invested. In other words, the more you save, the more you earn.
Additionally, the period of your deposits and the frequency of interest payments can be tailored to suit your needs.
Opening a Deposit Account
Opening your account is easy. You can start with only Rs 10,000. You can either call in person at SICOM Financial Services Ltd or simply call us on 203 8420 for an appointment with one of our officers.
Paying money in
A deposit can be made either in cash(not exceeding Rs 500,000), or by an office cheque drawn in favour of SICOM Financial Services Ltd.
We accept deposits from both Individuals and Corporate.
Individuals can open single and joint accounts. Accounts can also be opened on behalf of a minor. Individuals living abroad can also place their money on deposit through their local representative
If employees are authorised to open and operate accounts on behalf of the company.
What is the minimum amount of deposit that is accepted?
The minimum amount that can be deposited is Rs10,000.
Is the interest rate fixed or variable?
The interest rate remains fixed throughout the whole term of the deposit.
Is there any penalty if I want to withdraw my deposit before term?
In case of early withdrawal of your deposit, the interest rate will be re-calculated at the prevailing savings rate or the rate which was applicable for the time period from which the deposit was placed until it is cancelled, whichever is the lower