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First finance company to win this achievement:

TFC achieves Rs.1 billion in deposits

The Finance Company (TFC), has achieved the milestone of a savings deposit base of over one Rs. billion.

TFC has the distinction of being the first finance company to win this landmark achievement.

In 2005 the Central Bank liberalised the country’s financial market by authorising Finance Companies registered with them to accept and mobilise savings deposits, which until that time only licensed commercial banks and specialised banks were authorised to do.

TFC introduced two savings schemes specially targeting adults and minors with competitive interest rates. The company introduced many value additions to their savings products through giveaways of Maruti cars, gold coins, mobile phones, mountain bikes, and gifts for minors.

Taking innovation a step further, TFC has revolutionised the savings market with the introduction of “Super Saver” which offers the highest ever rate of interest at 19% per annum in the financial market for savings accounts.

TFC “Super Saver” is designed to encourage and support savings habit among the people while giving them the best value for their investments.

TFC issues debit cards free. The card can be used to withdraw cash in over 1000 ATMs supported by the VISA network islandwide 24 hours 365 days of the year.

It empowers customers to purchase goods and services in all VISA accredited super markets and business establishments among the 8000 VISA outlets in Sri Lanka at present.

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