People’s Bank celebrates Children’s and Senior Citizen’s Day with a range of benefits
People’s Bank, a leading financial institution in the country, is proud to celebrate World Children’s and Senior Citizen’s Day, both observed on October 1st. The bank extended its heartfelt appreciation to the children, the pillars of our future, and the elders, whose wisdom and life experiences have enriched our society.
Nalin Pathiranage, Deputy General Manager (Retail Banking) at Peoples Bank, expressed the importance of recognising and celebrating these two vital segments of our society: “It is essential to dedicate a day, to honour and celebrate children and elders. Every year, on October 1st, Peoples Bank initiates special activities to commemorate this significant day. This year too, People’s Bank has taken multiple steps to offer value-added benefits to children and senior citizens of the country. Under these initiatives, the bank will offer gifts and awards to recognise the Year 5 Scholarship Examination students who maintain a Sisu Udana account with deposits of Rs 5000 or above on or before the day the Year 5 Scholarship Examination results are released.“
In addition, People’s Bank has launched the Isuru Udana Accounts, which is intended for children up to 5 years to inculcate the habit of saving from a young age. Deposits made between October 1, 2023, and December 31, 2023 to these accounts will qualify for special gifts. The Sisu Udana Accounts, which promote savings among school children aged 5 to 18, will offer not only interest but also a range of gifts based on deposit amounts. The bank is committed to supporting these accounts until the children enter higher education streams or secure a stable future. People’s Bank has also introduced Digital School Banking Units and NFC-technology-backed cash deposit machines to provide students with a seamless digital banking experience.
For Senior Citizens People’s Bank has introduced the Parinatha accounts offering a host of benefits to ensure a secure and comfortable retirement. These account holders will receive priority when applying for loans. The bank has also enabled digital banking facilities allowing senior citizens to enjoy banking from the convenience and comfort of their own home through our digital banking platforms.
Mr Pathiranage added, “As a fully government-owned bank, People’s Bank remains dedicated to safeguarding your deposits and providing top-notch services to our customers. These accounts are accessible through our network of 747 branches and service centres across the country. We are committed to continually enhancing our digital services to provide efficient, feature-rich banking experiences.”
Established under the People’s Bank
Act No 29 of 1961, People’s Bank is the country’s second-largest financial services provider with close to LKR 3.0 trillion in consolidated assets. At present, the Bank has 747 branches and service centers located island wide and over 14.7 million customers. People’s Bank has 290 SBUs comprised of ATMs, CDMs, and CRM, allowing customers to bank at their convenience 24/7, 365 days a year.
It is essential to dedicate a day, to honour and celebrate children and elders. Every year, on October 1st, Peoples Bank initiates special activities to commemorate this significant day. This year too, People’s Bank has taken multiple steps to offer valueadded benefits to children and senior citizens of the country. Under these initiatives, the bank will offer gifts and awards to recognise the Year 5 Scholarship Examination students who maintain a Sisu Udana account with deposits of Rs 5000 or above on or before the day the Year 5 Scholarship Examination results are released.