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Commercial Leasing & Finance limited
Company Registration NO: PO 131 PB
&6. Bauddhaloka Mawalha. Colombo 04
T~:4526526
Fa.: 4526581
COMMEROAL
LUSlNc;"
FINA"CE
Commercial
Leasing & Finance Limited
Manager,
....................... Brand1
Please open a Minor Savings •••.
ccount as pe< tl1e details provided t>elow;
P••• onal lol"",,allon
of !he Minor
r"
Master I Miss
Name., iuD
P<KTTla"""t Mdress
Name 01 Sc/1001 (It Applicable)
Dale of Birth
Registratioo
P•
...,n.1
Number of Birtl1 CertiflCale
Information
of Parent I Guardian
nUe
Rev) M,./ Mrs./ "Is, I Mis •.
Name in full
Pem1anenlAddress
Relationship to the Minor
Nle I Passport No
Contact Telephone Numbers
&-mail A<!dre••
NICI Pas.pan Number
I conr"rn thai I am the father I mother I legal guardian of lhe above named minor and I haue the hghllo
OjIen a minor
savings aC(:QUn\On his I her behalf in lhe same capacity.
I ag'ee to lull fililne
requirements of CLC for opening such accounts and 10 be bound by the Terms and Conditions for
opening and op<lC3ting such accounts on behalf of the minor.
•....••......................................................•.....•.......•.....
....................•..................
Signature
Date
of the lather I mother I legal guardian
COMl\tERCIAL
68. B.udd~.lok.
LIASI"G •• ~I.~""('F
M_.,~ •. Colombo -M, T.I: '526526 F•• , 0(526581 E-m.oil,'"[email protected]
Commercial Leasing & Finance limited
Company Registral'OIl No: PO 131 PB
68, Bauddhalol<a Mawatha, Colombo04
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T~;4526526 Fa,:4526581
COMMERCIAL
lEH1N"",
FlNANCO
TERMS AND CONDITIONS
1.
FOR OPENING AND OPERATING OF A MINOR SAVINGS ACCOUNT
A "Minor Savings' Account is an individual Account opened on behalf of the minor by tlislher mOlher. lather or the legal
guardian and it must nol be considered as a "JoitAccount"
al any time. The mirJO'. ,n whose name IheAccounl
is opened,
will be Ihe sale beneficiary of the monies lying 10the credit 01the Account.
2.
No withdrawals
Withdrawals
will be permItted from Ihe Account under normal circllmstances,
prior to the minor becomes a major,
will be allowed on very exceplional basis only at Ihe discretion 01 CLC far any justifiable reason suctl as
meeting of the cost of medicallrealment
Or essential educatiooall'urposes
of the minor. Such request must only be made
by the parent or the guardian who opened the accouot together w;th documentary evidence acceptable to ClC
3
A passbook will be issued for each Minor Savings Account and the responsibility
parent
4.
01 keeping it safe lies with the
I guardian who opened the Account
All amounts deposited in to the account will be recorded in the passbook by ClC.
correctness of such entries before leaving the ClC Counters I Premises.
unauthorL,ed entry in the pass book which was neither a computer.
Depositors must ched< and verify the
ClC is no way responsible lor any
generated nor a written record without the initial of
an authorized signatory of ClC.
5,
The parent Of guardian is bound to deposit the minimum initial depos~ amount In to lheAccount
Account and to maintain the stipulated minimum balance requirement of the Account thereafter.
charge the Rate of interest applicabl",to
at the time 01opening the
ClC serves the rlght to
the Account, method of calculation 01 interest and the Irequerlcy of crediting
interest in to the Account. from time to time depending On the prevailing mark",t condHions.
6.
The m,nor may w,thdraw the whole amount lying to lhe credil 01 his Account, upon the reaching of age of majority (18
at
to ClC.
Years
present) by prooving his identity to ClC.
He I She must make this request in writing together with the pass book
tithe minor does not claim tho same within 02 we",ks 01 him I her attaining majorily. ClC reServe, the right
to
transfer the monies to a nonnal savings account whiCh will be governed by the rules and conditions applicable to nonnal
savings account.
7.
It is mandalory to submit the Birth Certificate of the minor at the time of opening the Account
8
In lhe
event
01 the death 01 parenti
guardian who opened the Account on behalf of the minor prior
the age of majority. the nominee who was appoionted by the parenti
to him/her
reaching
guardian at the time of opening lhe Account will be
allowed to operate the Account on behalf olthe minOTtill the mmor reaches the age of majority,
g
All transaclions relating to this Account will be conducted only withint the nonnal business hours of ClC.
10 The parenll
guardian has the right to transfer the balance lying to the credit of the account 10 an another account;n
the
name ot the minor, opened and operated within Sri Lanka and a linancial institution authorized by Cflntral Bank of Sri
Lanka, after a lapse 0160 months from the date of first deposrt made in to this Account or therealler.
Such request should
be made in writing only by the parent I guardian who opened the Account or by his I her nominee afler his I her death,
11. CLC reserves the right to amend or delet", any olthe above rules and conditions, or 10 add any rules and conditions from
time 10 time.
COMMERCIAL
L[A~ING & F1NA)l;C[
68, B.lI<ldh.f",," "'._n.,
Colombo ~, T.f ; .52S~26 F•• ,.~26~/l1 1;..•.•••01 : fnk>@ele.fk
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