Who can benefit from the SBM AMICADO programme?
Once you open an Amigos account, your child is automatically eligible for rewards under the Amicado Programme.
What is the SBM Amicado programme?
Under the Amicado programme, accounts of Amigos clients will be reviewed every year. If the average net increase in balance for clients aged between 0-11 has reached at least Rs 2000, letters will be sent to invite them to collect trendy gifts in one of our branches. Those clients aged between 12-18 will be invited to participate in annual events organized by the Bank such as games/competitions related to painting, poetry, quiz etc if their average net increase in balance has reached at least Rs 2000.
Please note that the Bank can cancel the Amicado programme without notice or alter its terms and conditions.
What will happen if I do not collect my gift?
Unfortunately you will forfeit the gift and will need to wait for your next letter after 1 year.
If I do not want to collect a gift, can I exchange for cash?
No, gifts cannot be exchanged for cash.
How do I open an account?
The account can be opened by the minor child's father or mother who will act as legal guardian.