BOC Ran Kekulu Awards grant 2,000 scholarships for grade 5 high-flyers
Two thousand high-flyers of the 2018 grade-five scholarship examination were felicitated by Bank of Ceylon’s ‘Ran Kekulu Scholarships 2018’ at ceremonies conducted islandwide.
The main ceremony concluded with glamour at the BMICH Colombo and nine other similar events were also held on province base on the same day with the participation of respective students and their parents. This main ceremony was held with the participation of the bank’s Chairman President’s Counsel Ronald C. Perera as the chief guest by invitation of the Ceo/general Manager Senarath Bandara.
Further twenty five differentlyabled students who have passed the grade-five scholarship examination 2018 offered them with scholarships worth Rs.15,000 on February 22, 2019, and there will be a monthly grant of Rs.1000 till the student passes through O/L examination.
Six of these students were felicitated at the main ceremony held at BMICH Colombo. This additional commitment was undertaken by the bank in good faith to assist courageous youngsters with special needs with that extra strength they need to achieve life ambitions.
On part of its CSR initiatives, the bank conducts scholarship programmes, for both gradefive and A/L examination highflyers who have excelled in their respective exams, to appreciate the courage and dedication shown by students to become scholars thereafter commit to economic development of the country. The bank has been conducting the grade-five scholarship examination since 2002 offering higher education scholarships to achievers across the nation.
This scholarship offer is available for Ran Kekulu (RKG) account holders apart from many other benefits that are lined up together with the account. In order to become eligible for this special value addition RKG account holders maintained a minimum balance of Rs.5,000 on the day before 2018 grade-five scholarship results was released. 2,000 exceptionally performed students based on the marks received at the examination were selected from the pool of eligible applicants.
Ran Kekulu accounts always carry an additional one percent above the normal interest rate. This account is also linked with free life insurance cover for the parent or guardian to a maximum of Rs.500,000 (minimum balance of Rs.5,000 should be maintained for a period of six months or more prior to the incident).
Any parent or guardian who opens Ran Kekulu accounts for more than one child will be covered up to a maximum of one million rupees. The child will also get a free medical insurance cover up to Rs.100,000 per annum in the event of an accident or 10 specified critical illnesses requiring hospitalisation in a private hospital for more than one night (minimum balance of Rs.5000 should be maintained for a period of six months prior to the incident/illness).
In case of being admitted to a government hospital requiring hospitalisation for more than three nights the insurance cover would be Rs.600 per day, for a maximum period of 30 days (conditions apply).