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+94 11 2 206 300
Find answers about our products and services — Leasing, Fixed Deposits, Savings, and Online Banking
Motor Cars, Vans, Buses, Lorries, Motor Jeeps, Three Wheelers, Motor Cycles, Tractors, Industrial Machinery/Equipment, Agricultural Machinery/Equipment, and more.
We are committed to finalising an application within one working day, subject to all required documents being submitted.
Any individual, partnership, limited liability company, or joint applicant may obtain a facility, subject to an assessment of creditworthiness.
Yes. It depends on the asset type, age, marketability, and creditworthiness of the applicant. Please visit our website or contact our hotline for more details.
Please contact your nearest branch or our customer service hotline at +94 11 2 206 300 and we will assist you accordingly.
You can access product details via our website or by contacting our hotline. On the website you can review product details, calculate your monthly rental, and send an online request in just a few clicks.
It depends on the asset type, age, marketability, and creditworthiness of the applicant. Please visit our website or contact our hotline for more details.
You have both fixed and variable options, depending on your income sources.
Yes. This would be decided based on your cash flow analysis.
Yes. We always encourage paying future rentals in advance. However, if you delay your monthly rentals, a default fee will be added automatically.
Yes. You must pay the full outstanding amount on your contract at the time you wish to terminate.
A default payment fee will be added for the non-payment period. Please contact your branch recovery officer directly if you are having difficulty paying an instalment.
Yes. The company is the legal owner of the asset, so it must be insured. Our subsidiary People's Insurance PLC can provide comprehensive insurance, or you are free to choose your own insurer that is acceptable to us.
Please contact our customer service hotline at +94 11 2 206 300 for the latest rates.
Individual:
Corporate & Other Institutions:
Please refer to our Fixed Deposits page for the most current interest rates.
Tenors starting from 1 month to 2, 3, 6, 12, 13, 15, 18, 24, 36, 48, and 60 months in duration.
At present, there are no WHT deductions for Fixed Deposits. (This criterion is subject to change.)
For individuals:
For Corporate & Other Institutions:
No.
Yes. The surviving holder can withdraw the deposit.
Yes. You may nominate any person(s) as you wish. If nominating more than one person, indicate each person's share; otherwise, equal shares will be assumed. The full name(s) and identification (NIC/Passport/DL) of nominees must be submitted.
If a nominee is available:
If no nominee:
To change the operating instructions, both parties must provide a consent letter.
Yes. The original power of attorney must be submitted at the time of opening the account.
To prevent identity theft, identity fraud, money laundering, and terrorist financing. The Central Bank of Sri Lanka has directed all banks and financial institutions to complete a CDD form before opening a deposit.
Yes. Under Section 61 of the Finance Business Act No. 42 of 2011, strict confidentiality must be observed by all officers of the company regarding all customer transactions, unless disclosure is required by a court of law or in compliance with any other written law.
PLC reserves the right to reject the deposit.
For a new deposit, the mandate provides provision for nomination. For all subsequent changes, a written confirmation from the depositor(s) is required.
Yes. You will receive a certificate including the deposit number, date of deposit, date of maturity, value of deposit, depositor names with identity details, mode of interest payment, and governing terms and conditions.
You may request a duplicate certificate by submitting a request letter from the depositor(s) and a duly perfected affidavit attested by a Notary/JP. A specimen affidavit can be obtained from the company.
No. Once the deposit is placed, the agreed interest rate will not change until maturity.
No. The rate for a premature withdrawal will be decided by the company.
You may deposit at any PLC branch by cash, direct fund transfer to a PLC designated People's Bank account, or cheque/bank draft in favour of "People's Leasing & Finance PLC O/A of [deposit holder's name]".
No. Additional payments can only be made at the date of maturity. Alternatively, you can open a new fixed deposit.
Yes, at any time. However, you can also obtain a Self-e-cash Loan against your deposit without withdrawing it.
Customers who are 60 years of age or above are eligible for a PLC Senior Citizens fixed deposit.
No. At the time of opening the deposit, all joint holders must have completed the age of 60 years.
An automated SMS is sent 3 days in advance of the maturity date.
If you wish to change the deposit period, partially withdraw, or add to the deposit, prior notice is required or you may visit the nearest PLC branch on the maturity date with the FD certificate. If no action is taken, the system will automatically renew the deposit for the same period at the prevailing FD rates.
Surrender the original FD certificate duly discharged with payment instructions. Refund can be made by cash, cheque, or remittance to a bank account of the deposit holder(s).
Yes. The same procedure applies as for a full premature withdrawal. The remaining balance will be renewed on the date of withdrawal at prevailing rates.
This is a temporary loan against your deposit that allows customers to pledge their fixed deposit(s) and obtain loans when desired.
Ranging from 75% to 90% of the capital value, depending on the category of the deposit.
An additional 3% above the contracted deposit rate will be charged. The rate may change at the discretion of the company, and interest is calculated on a daily basis.
You can withdraw from any PLC branch counter during office hours, or from People's Bank or other bank ATMs up to Rs. 100,000/= per day (24×7). You can also do online fund transfers via PLC Online up to Rs. 1 million, or submit a request letter to a branch for over Rs. 1 million.
(Charges are subject to change.)
Yes. For Normal / Senior Citizen savings accounts, a minimum balance of Rs. 1,000/= must be maintained. A fee of Rs. 25/= will be charged on inactive accounts with a balance of Rs. 1,000/= or less. The account will be automatically closed when the balance reaches zero.
Submit a written request letter with the original savings passbook and your NIC to the nearest PLC branch. For cash withdrawal, you must visit the branch where the account was opened, or submit the documents to any branch and receive an A/C payee cheque.
Request a duplicate passbook by submitting a request letter from the depositor(s) and a duly perfected affidavit attested by a Notary/JP. A specimen affidavit can be obtained from the company.
Any citizen of Sri Lanka or Residential Visa holder below 18 years of age.
The account can be opened by a parent or legal guardian of a child below 18 years of age with the following:
No. There is no minimum balance requirement for minor savings accounts.
The holder can submit their NIC and minor savings passbook with a consent letter to close the minor account and open a Super Savings account. Alternatively, the funds can be withdrawn by cash or cheque.
No, except in special circumstances for the child's benefit (e.g. education, medical expenses) with supporting documents. Funds may also be transferred to the minor's account at another bank after 5 years from the date of the first deposit, by cheque drawn in the minor's favour.
No.
A product designed for customers to set aside a fixed monthly amount ("fixed monthly instalment") to achieve a target amount at the end of an agreed period ranging from a minimum of 2 years to a maximum of 5 years.
You can start with a minimum of Rs. 1,000/= per month.
You may deposit an initial amount as you wish, but it is not mandatory.
You can pay over the counter at any PLC branch, via Standing Orders, E-Banking, or CEFT transfers.
If the monthly investment amount is not deposited for three (3) consecutive months, the interest rate will be converted to the Regular Savings Account rate.
Yes. You will receive a certificate including the reference number, date of deposit, date of maturity, maturity value of the plan, depositor names with identity details, and governing terms and conditions.
Via the PLC Online App or by contacting any PLC branch.
No. The prevailing Super Savings interest rate will be applied for premature withdrawals.
Follow this link: https://online.plc.lk/ to register online.
No.
Use the "Forgot Password" option on the login page, or call the call centre at +94 11 2 206 300 to obtain a new password.
| Transaction Type | Limit per day (LKR) |
|---|---|
| Transfer within own PLC Accounts | Unlimited |
| Transfer to 3rd Party PLC Accounts | 1,000,000/= |
| Transfer to Other Banks (Own A/C) | 1,000,000/= (Rs.500,000/= at once) |
| Utility Bill Payments (per day) | 50,000/= |
| Per Transaction utility payment | 25,000/= |
| Own PLC facility payments | Unlimited |
| 3rd party PLC facility payments | 1,000,000/= |
Once you confirm a transfer, PLC Online provides an electronic receipt with all essential details, emailed to your registered email address. An SMS is also sent to your registered mobile number. The Reference Number and date can be used for future enquiries.
You will not be able to stop or cancel payments made "immediately". As an exception, you may call the contact centre for further assistance on reversals.
You can view and access transactions from the date the account was opened.
You can change your password via the "Change your password" option. However, you cannot change your User ID.
You must add the new facility yourself using the "Add Facilities" option in the main menu.
Yes. Use the "Remove Facilities" option in the main menu at any time.
You must first visit the nearest PLC branch to open the Self-e-cash account. After that, you can manage transfers through PLC Online.
Use the "Fund Transfer" option in the main menu to transfer funds within your own accounts, to any other PLC accounts, or to other bank accounts.
Go to Add Payee List under Pay Bills, or follow the link in your PLC Online dashboard.
