National Development Bank provides best interest rates for SDAS

National Development Bank PLC (NDB) recently launched a campaign to drive inward remittances and investment by providing attractive interest rates for Special Deposit Accounts (SDAS).

Accordingly, the bank provides a higher interest rate of 8 percent for a 12-month US dollar SDA, 6.50 percent for GBP and AUD, 5.75 percent for EUR and 4.50 percent for CAD.

Sri Lankan nationals and nonnationals alike, funds and other corporate bodies and any other well-wishers may apply for this hassle-free, convenient and secure account from wherever they are with just an NIC or passport. The bank is constantly striving to make the lives of its clients and stakeholders easier and more convenient.

NDB also introduced the most convenient way in which the bank’s clients can receive money via Western Union, with just one phone call or by sending a message through the NDB NEOS app. The funds received will be credited to the respective individual’s account in just five minutes.

Furthermore, NDB is also provided exciting prizes in the form of a free lunch bag for those who receive money at NDB branches via Western Union in the month of April. NDB was also the first bank to introduce an AI technologybased VKYC verification option for opening accounts through its NEOS app for the ease for Sri Lankans based overseas providing a hassle-free banking experience.