Senior Citizen Account - Summit Bank

Senior Citizen Account

Summit Senior Citizen Account designed for Senior Citizens (60 years and above) to empower Senior Citizen to open and operate the Bank account transactions with highest level of services provided by the Bank to their fullest satisfaction with healthy return. Summit Senior Citizen Account comes along with a wide range of free services and benefits in addition to attractive profit rate.


  • Savings Account – For Senior Citizens of 60 years and above.
  • Available in local currency only.
  • Profit will be calculated on daily day end balance as per the daily product basis and it will be credited in the account on monthly basis.
  • Attractive Profit Rate : (Subject to change)
  • No minimum balance will be required.
  • Postage, Courier, Telephone, Telex and Fax Charges will not be recovered from account holders maintaining an average balance of Rs.0.5 million in Senior Citizen Accounts
  • Free Outward Clearing return Cheques (Charges as per SOC if returned due to insufficient funds)
  • In case of joint account at least one of the account holders should be of 60 years and above, the other joint account holder should not be a minor but must be at least 18 years of age).
  • Un-limited deposits and withdrawals.
  • Free cheque book.
  • Special treatment will be available for senior Citizens at all the Branches.

*All other conditions including Zakat and Taxes for Savings Account are applicable.

©2016 Copyright Summit Bank Limited. All rights are reserved.

Last Updated 2023-05-26

Browser Compatibility: Chrome, Mozilla, Opera, Internet Explorer 8 and latest Safari.