SICOM

Deposit

Deposit

You would like to invest your savings and reap interest at your desirable term and with a tailored frequency of interest payments to suit your needs!

About this product

SICOM Fixed Deposit Scheme is a secure way for investing over the short and medium term with tailored terms and interest payment. Our attractive deposit taking interest rates are linked with the amount invested. In other words, the more you save, the more you earn.

Highlighted features
  • Interest Rate

    Fixed interest rate throughout the whole term

  • Deposit Amount

    Minimum deposit amount is Rs10,000

  • Term

    Up to 5 years for individuals and 7 years for pensioners

Product Features

Choose SICOM Fixed Deposit Scheme & benefit from:

  • Interest Rate

    Fixed interest rate throughout the whole term

  • Deposit Amount

    Minimum deposit amount is Rs10,000

  • Term

    Up to 5 years for individuals and 7 years for pensioners

  • Paying Cash 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

  • Withdrawal

    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

( Terms and conditions apply)*

Useful Information

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.

Individuals

  • Certified copy of either of the following: national identity card, current valid passport or current driving license
  • Certified copy or original of either of the following: recent utility bill, recent bank/credit card statement or a recent bank reference
  • In case of joint application, (1) and (2) listed above are required for both applicants
  • A certified copy of birth certificate is required for minors
  • Evidence of Source of Fund

 

Corporate

  • National Identity Card/ Current valid passports/ Current valid driving licenses/ Other identity card
  • Original or appropriately certified Certificate of Incorporation or Registration
  • Certificate of current standing from the Registrar

 

If employees are authorised to open and operate accounts on behalf of the company.

  • Clear copy of ID of employees having the above authority
  • A certified copy of the resolution of the Board of Directors or managing body granting the necessary power of attorney to employees to open and operate accounts on their behalf
  • Last audited financial accounts and reports
  • Company Secretary's letter listing the Directors and Shareholders' names and addresses
  • Full identity of and proof of address of directors/authorized signatories
  • Full identity of and proof of address of beneficial owners and shareholders   
 

Click here to view the Fixed Deposit Main Rates

Highlighted features
  • Interest Rate

    Fixed interest rate throughout the whole term

  • Deposit Amount

    Minimum deposit amount is Rs10,000

  • Term

    Up to 5 years for individuals and 7 years for pensioners

Request more information

Please verify the captcha

Submit

This product is offered by: SICOM Financial Services Ltd

BRN:C07023531

FSC License No: LC06000053