‘Opening a CDBiDeposit now at fingertips’

Citizens Development Business Finance PLC introduced CDBiDeposit a fully-fledged digital financial feature that allows anyone with a CDB savings account along with the CDBiNet digital financial service to open a fixed deposit with a minimum of Rs. 5000 from any convenient location with any available smart device.

CDB’s digital fixed deposit CDBiDeposit is geared to further strengthen the company’s focus on empowering a smarter and sustainable Sri Lanka by enabling people to live a smart life and is a key feature available through CDB’s digital financial platform, CDBiNet.

Digital transformation is of pivotal importance especially during this time when the entire world is facing an unprecedented pandemic that requires minimum physical interaction. In this context, CDBiDeposit allows CDB customers to place a fixed deposit anytime, anywhere, even from the comfort and safety of their home, using any computer, laptop or mobile device.

Moreover, CDBiDeposit ensures customer pain points during these times of caution are addressed including enabling them to avoid extensive visits to financial institutions, physical cash handling and strenuous documentation processes, thereby further establishing customer wellbeing and safety. The feature is designed to allow customers to choose the fixed deposit tenure, choose if they want to receive the interest monthly or on maturity and choose the maturity term as they would do in person when opening a fixed deposit from the comfort of their home through CDBiDeposit.