Sey­lan Bank in­tro­duces ‘Sey­lan In­come Saver’

Daily Mirror (Sri Lanka) - - FINANCE -

Re­it­er­at­ing its com­mit­ment in adding value to the cit­i­zens of Sri Lanka, Sey­lan Bank in­tro­duced the ‘Sey­lan In­come Saver’, a novel propo­si­tion de­vised for cor­po­rates and em­ploy­ees to of­fer a wide ar­ray of ben­e­fits for sav­ings ac­count hold­ers and their fixed in­comes.

Sey­lan In­come Saver en­com­passes a two in one of­fer­ing that in­cludes the Sey­lan In­come Saver pay­roll, a ser­vice that of­fers cor­po­rates to au­to­mate their salaries in real time to em­ployee’s ac­counts and the Sey­lan In­come Saver ser­vice which is the only ac­count that val­ues salaries and all other fixed in­comes with a mul­ti­tude of ben­e­fits.

Ac­count hold­ers with an in­come be­tween Rs.50,000 – Rs.149,000 will be en­ti­tled to a per­sonal loan val­ued at 12 times of their to­tal in­come whilst be­ing of­fered an ad­di­tional in­ter­est of one per­cent for main­tain­ing an ac­count bal­ance ex­ceed­ing Rs.50,000. Cus­tomers of this scheme can also avail them­selves to a home loan and en­joy the many ben­e­fits of­fered through the Sey­lan Gold Debit and Credit Card.

Fur­ther­more, ac­count hold­ers with an in­come be­tween Rs.150,000 – Rs.299,999 will re­ceive a host of ben­e­fits that in­clude a Sey­lan Plat­inum Debit Card with a daily ATM with­drawal limit up to Rs.250,000 with per­son­al­ized ser­vices from a ded­i­cated bank rep­re­sen­ta­tive and per­sonal and hous­ing loans. Ad­di­tion­ally, in­come savers with an earn­ing of over Rs.300,000 will re­ceive ex­clu­sive priv­i­leges such as per­son­al­ized ser­vices by a se­nior bank rep­re­sen­ta­tive with 50 per­cent off for safe de­posit lock­ers sub­ject to avail­abil­ity at the branch and will be­come el­i­gi­ble for Sey­lan per­sonal loan and hous­ing loans as well.

Com­ment­ing on the launch Sey­lan Bank Re­tail Bank­ing Deputy Gen­eral Man­ager Ti­lan Wi­jeye­sekara said: “The Sey­lan In­come Saver ser­vice was con­cep­tu­al­ized to ful­fill the as­pi­ra­tions of both cor­po­rates and em­ploy­ees alike. This propo­si­tion will en­able com­pa­nies to trans­form its tra­di­tional way of de­posit­ing salaries to a faster and ef­fi­cient salary upload sys­tem. There­fore, em­ploy­ees will ex­pe­ri­ence fast and con­ve­nient trans­ac­tional so­lu­tions with mul­ti­ple ben­e­fits that not only value their salary ac­count but all other fixed in­comes as well. This ser­vice fur­ther of­fers greater value for cor­po­rates by pro­vid­ing the op­tion of cou­pling the prod­uct with their com­pany’s ERP sys­tem which sig­nif­i­cantly im­proves the ef­fi­ciency and al­lows bet­ter man­age­ment of the em­ploy­ees’ pay­ment sys­tem. The Sey­lan In­come Saver will fur­ther en­hance bank­ing so­lu­tions for its cus­tomers by pro­vid­ing the best prod­ucts and ser­vices at their fin­ger­tips.”

A sav­ing can be en­joyed for cor­po­rates that en­roll with Sey­lan Pay­roll and en­joy spe­cial in­ter­est rates for credit pack­ages sub­ject to busi­ness vol­umes. Com­pa­nies un­der Sey­lan Pay­roll are el­i­gi­ble to ob­tain a busi­ness credit card, which can be used to carry out safer and faster busi­ness trans­ac­tions.

Sey­lan In­come Savers will re­ceive free mo­bile and in­ter­net bank­ing ser­vices cou­pled with the op­por­tu­nity to win gifts and re­wards from Sey­lan Sure re­wards scheme, a ben­e­fit scheme de­signed to of­fer spe­cial gifts for oc­ca­sions such as wed­dings, dur­ing birth of a child, and in the event of pass­ing the grade­five schol­ar­ship exam, O/L with eight A’s and A/L with three A’s.

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