Sisu Udana

Sisu Udana Children's Savings Account aims to provide every child with a bright future by encouraging excellence, and cultivating the habit of saving. If your child does not have an existing account, the bank will deposit the initial Rs.250/- to open the account on behalf of your child, so that they can start saving and enjoy the range of benefits on offer. You can open a Sisu Udana Savings Account at any of our branches Island-wide.

As a result of our expansion process, most schools across the Island already have their very own Sisu Udana Savings Unit, where the banking activities are carried out by the children themselves. This not only gives them encouragement to save but also promotes the banking experience to children at a very young age. A child is able to go to one of these Savings Units at their school and open a Sisu Udana savings account. Thereafter, they can deposit money into their account at any time they want. Alternatively, you, the parent or the guardian can visit the nearest People's Bank branch and open a Sisu Udana savings account for your child.

If your child has an existing "Sisu Udana" account, it will be automatically converted to a ‘YES’ account at the age of 18.

*Conditions Apply