Open Your Savings Account 100% Digitally
Simple. Secure. Convenient. Completely Digital.
Enjoy the convenience of opening your Digital Savings Account completely online through the LB CIM App. There’s no need to visit a branch your KYC (Know Your Customer) details are securely collected during the registration process itself.
As part of the enhanced digital savings proposition, customers can choose from two digital savings solutions available through the LB CIM App :
- Digital Premier Savings Account
- Mudharabah Savings Account
Choose the savings account that suits your needs and start your digital savings journey with LB CIM today
Key Features
Digital Premier Savings Account
- 7% Interest Rate Earn 7% interest on the entire account balance, subject to applicable terms and conditions.
- No Minimum Opening Balance Open your account without an initial balance requirement.
- No Minimum Balance Requirement No minimum balance is required to be maintained.
- No Balance Slabs A single 7% interest rate applies to the entire account balance, irrespective of the amount maintained.
- No Closing Fee No closing fee will be charged, subject to applicable terms and conditions.
- 100% Digital Account Opening Open your Digital Premier Savings Account exclusively through the LB CIM App.
- Convenient Account Management Access and manage your account digitally through the LB CIM App, anytime and anywhere.
- Secure and Paperless Complete the account opening and verification process digitally without physical documentation or
branch visits.
Product Details
| Feature |
Details |
| Minimum Opening Balance |
Not Applicable |
| Minimum Balance Requirement |
Not Applicable |
| Balance Slabs |
Not Applicable |
| Interest Rate |
7% per annum on the entire account balance |
| Interest Crediting |
As per applicable LB Finance policy |
| Account Opening |
Exclusively through the LB CIM App |
| Account Management |
Through the LB CIM App |
Mudharabah Savings Account
- Sharia Compliant Savings A savings solution based on a profit-sharing structure in accordance with applicable Islamic finance principles.
- Minimum Opening Balance of Rs. 400 Start saving with a minimum opening balance of just Rs. 400.
- Digital Account Opening Open your Mudharabah Savings Account conveniently through the LB CIM App.
- Convenient Account Management Manage your account digitally anytime and anywhere through the LB CIM App.
- Secure and Paperless Complete the account opening and verification process digitally without the need for physical paperwork or a branch visit.
Product Details
| Feature |
Details |
| Minimum Opening Balance |
Rs. 400 |
| Account Type |
Sharia Compliant Savings Account |
| Structure |
Profit Sharing / Mudharabah |
| Account Opening |
Through the LB CIM App |
| Account Management |
Through the LB CIM App |
Eligibility
To open a digital savings account through the LB CIM App, customers must meet the applicable eligibility requirements, including :
- Be an individual aged 18 years or above.
- Be a Sri Lankan citizen.
- Possess a valid National Identity Card (NIC) or another valid identification document accepted by LB Finance.
- Successfully complete the required digital onboarding and verification process through the LB CIM App.
- Foreign nationals without a valid Sri Lankan residence visa are not eligible to open LB CIM digital savings accounts.
Requirements
- Verified and Active LB CIM Account – Customers must have a verified and active LB CIM account to open a digital savings account through the LB CIM App.
