DFCC Junior Account

DFCC Junior Account

DFCC Bank has recently undertaken a comprehensive revamp of its children's savings account, empowering parents, or guardians to effectively save for their children's future necessities and financial requirements. This enhanced offering serves as a valuable financial instrument, fostering the essential life skill of saving and cultivating responsible money management habits in children from an early stage.

Benefits

Benefits

  • Wide variety of DFCC Junior gifts
  • Gift vouchers from reputed merchants for consumables
  • E gift voucher with more than 110+ merchants with island-wide accessibility
  • Value Credit Scheme
  • DFCC Junior Rewards Scheme up to LKR 100,000
    • Grade 5 Scholarship Reward Scheme
    • O/L Examination Reward Scheme
    • 18th Birthday Reward Scheme

Eligibility

  • Children who are Sri Lankan Citizens and under 18 years of age
  • The maximum age of eligibility for the gift scheme will be 15 years of age
  • Minimum Deposit: to open the Junior Account is LKR 500.00

Documentation required

  • Child’s birth certificate, along with the mandate
  • Parent’s/Guardian’s NIC/EIC copy

Gifts/Gift Voucher Scheme

Gift Slab
Account Balance		 Gifts Entitled Gift Voucher Entitled Account Credit instead
of the Gift
1,000/- Till Not Applicable LKR 250.00
5,000/- Stationery Pack DFCC Gift Voucher LKR 750 LKR 750.00
10,000/- School Bag DFCC Gift Voucher LKR 1,500 LKR 1,500.00
20,000/- Xylophone DFCC Gift Voucher LKR 2,000 LKR 2,000.00
30,000/- Geometric Blocks DFCC Gift Voucher LKR 2,500 LKR 2,500.00
50,000/- Painting Projectors/ *Magic Key Product DFCC Gift Voucher LKR 4,000 LKR 4,000.00
100,000/- Scooter DFCC Gift Voucher LKR 7,500 LKR 7,500.00
150,000/- Playhouse or *Magic Core Product DFCC Gift Voucher LKR 10,000 LKR 10,000.00
250,000/- Bicycle (Size 16” only) / *Magic Bit Explorer DFCC Gift Voucher LKR 15,000 LKR 15,000.00
500,000/- Baby Swimming Pool DFCC Gift Voucher LKR 20,000 LKR 20,000.00
750,000/- DFCC Gift Voucher DFCC Gift Voucher LKR 22,500 LKR 22,500.00
1,000,000/- DFCC Gift Voucher DFCC Gift Voucher LKR 25,000 LKR 25,000.00
1,500,000/- DFCC Gift Voucher DFCC Gift Voucher LKR 28,000 LKR 28,000.00
2,000,000/- Bicycle (Size 24”) DFCC Gift Voucher LKR 35,000 LKR 35,000.00
5,000,000/- DFCC Gift Voucher DFCC Gift Voucher LKR 45,000 LKR 45,000.00

  • DFCC Account holders of 15 years and below only will be eligible for the Gifts/Gift voucher scheme. (Terms and conditions apply.)

E Gift Voucher Scheme

  • Partnered with more than 110+ merchants. (Supermarkets, Fashion, Food, Accessories, Adventure, Automobile, Baby items, Books and Stationery, Cinemas, Electronics, Fitness, Florists, Games, Groceries, Homeware, Hospitals, Hotels, Medical, Opticians, Personal care, Pharmacies, consumable goods.)
  • Convenience with partial redemption ability
  • Receive the e-gift voucher via SMS and email

DFCC Junior Rewards (Grade 5 Scholarship / O/L Examination / 18th Birthday - Reward Scheme)

Account Balance (LKR) Cash Reward (LKR)
20,000 – 100,000 2,000
100,001 – 250,000 5,000
250,001 – 500,000 10,000
500,001 – 1,000,000 15,000
1,000,001 – 1,500,000 25,000
1,500,001 – 2,500,000 30,000
2,500,001 – 5,000,000 50,000
5,000,001 & above 100,000

  • Junior cash rewards will be credited to the child’s DFCC Junior savings account
  • Terms and conditions apply
  • The Bank has the right to amend the Gifts / Voucher schemes, qualifying criteria, or reward categories at the bank’s discretion

Frequently Asked Questions

Who is eligible to open a DFCC Junior Account?

    • Children up to the age of 18 years. (Sri Lankan nationals)
Who can open a DFCC Junior Account on behalf of the minor?

    • Parents or Guardian.
Will the account be opened in the name of the minor?

    • Yes.
Can the DFCC Junior Account be a joint account?

    • No
What is the initial deposit required for a DFCC Junior account?

    • The initial deposit for a DFCC Junior account is Rs 500
What maximum gift slab is available under the “DFCC Junior” scheme?

    • up to Rs. 5,000,000/-.
What are the upgraded salient features/benefits of the DFCC Junior Children Savings Account?

    • Physical Gifts
    • Physical gift vouchers
    • E-gift vouchers
    • Value Credit
    • DFCC Junior Rewards
What is the total eligible gift voucher value of a new Junior account opened with an initial deposit of LKR 5,000,000?

    • LKR 219,000
Is there an age limit for receiving Gifts/Vouchers under the DFCC Junior scheme?

    • Yes, the age limit is 15 years.
What are the salient features of DFCC Junior Rewards?

    • Grade 5 Scholarship Reward
    • G.C.E O/L Reward
    • 18th Birthday Reward
Can the Junior Account holder obtain the junior gift/gift voucher from another branch?

    • Yes
What is the value of the cash reward available as a reward for the Grade 5 Scholarship, G.C.E O/L and 18th birthdays under the DFCC Junior scheme?

    • Yes.
13. Can I direct deposit to the investment planner account monthly?

    • Up to LKR 100,000
What is the minimum Junior account balance to be maintained to be eligible for Junior Rewards?

    • LKR 20,000
What are the eligibility criteria for the Grade 5 Scholarship and G.C.E O/L Reward?

    • Grade 5 Scholarship Examination – The benchmark for eligibility for the benefit would be 150 marks.
      The minimum balance must be continuously maintained in the DFCC Junior Account for 12 calendar months before the commencement of the examination to be eligible for the scheme.
      It should be claimed within three months of the examination results being issued.
    • GCE O/L Examination – TThe benchmark for eligibility for the benefit would be 8 As (distinctions) or more (maximum 10 subjects).
      The minimum balance must be continuously maintained in the DFCC Junior Account for 12 calendar months before the commencement of the examination to be eligible for the scheme.
      It should be claimed within three months of the examination results being issued.
What are the eligibility criteria for the 18th Birthday Reward?

    • The junior account should hold a minimum LKR 20,000/- balance for 36 continuous calendar months.
      It should be claimed within 03 months from the 18th birth date.
What are the salient features of DFCC Junior E-Gift Vouchers?

    • The E-Voucher link can be obtained via SMS or email and redeemed at selected merchants to purchase goods and services.
      E-Vouchers can be redeemed at more than 100+ selected merchant outlets.
      E-Vouchers can be redeemed partially.
Are Junior Plus account holders eligible to receive gifts under the DFCC Junior scheme?

    • No

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