Downloads
Reach Us Benefits of Mercantile Investments Savings Accounts:
- Can be opened with a minimum initial deposit of LKR 1,500/=
- Any number of withdrawals permitted per month
- Interest calculated daily and credited monthly
- Special rate of return for senior citizens
Instilling a habit of saving and financial security
Mercantile Investments has introduced general savings accounts to encourage and instill a habit of saving and financial security among Sri Lankans:
MI Max Savings Account
An account for all other Sri Lankans above legal age investing in their future financial independence.
MI Max Savings Account offer attractive interest rates, and can be opened and accessed at any Mercantile Investments branch island-wide.
Call our hotline for more details: +94 71 5111000
Savings Interest Rates
| Product | Rates |
|---|---|
| Normal Savings | 4.50% |
| Senior Savings | 5% |
| Micro savings | 3% |
Savings rates with effect from 20th of February 2024.
Required Documents:
- Duly filled application form
- Duly filled KYC form
- Copy of National Identity Card/Driving licence/Passport
- Billing proof (if address differs from National Identity Card/ Driving License)
- Tax Declaration if applicable
Sri Lanka Deposit Insurance Scheme (SLDIS)
In line with regulatory requirements and our commitment to transparency and depositor protection, Mercantile Investments is a registered member of the Sri Lanka Deposit Insurance Scheme (SLDIS), established and administered by the Central Bank of Sri Lanka (CBSL).
The Sri Lanka Deposit Insurance Scheme is designed to safeguard depositors and enhance public confidence in the licensed financial system by providing insurance coverage on eligible deposits in the event of a member institution’s failure.
Learn More About SLDIS
For comprehensive information on the Sri Lanka Deposit Insurance Scheme, including its objectives, coverage limits, eligibility criteria, and operational framework, please visit the official CBSL webpage:
Sri Lanka Deposit Insurance Scheme (SLDIS)
https://www.cbsl.gov.lk/en/sri-lanka-deposit-insurance-scheme
Frequently Asked Questions (FAQs) – Sri Lanka Deposit Insurance Scheme
To help depositors better understand how the Sri Lanka Deposit Insurance Scheme operates, the Central Bank of Sri Lanka has published a detailed set of Frequently Asked Questions (FAQs).
You may access the official SLDIS FAQs via the following link:
https://www.cbsl.gov.lk/en/faq/deposit-insurance
