Sunday Times (Sri Lanka)

Secure the "family that protects you" with BOC Savings Accounts

- Picture shows HNB Managing Director/CEO, Jonathan Alles exchanging the agreement with Sunil Fonseka, Chairman/Managing Director of Kangaroo Cabs. (From left): Sandun Hapugoda, Manager of E-Banking - HNB, Mangala Wickremasi­nghe, Chief Manager of Cards & El

Ran Kekulu is a children's savings account from Bank of Ceylon which is focused in improving a child's current and future security. It offers the widest range of benefits among children's accounts. Parents can get a number of financial and non-financial benefits through Ran Kekulu accounts, which can be operated without any risk. This account presents an additional 1% interest and offers the account holder hospitaliz­ation/ medical insurance charges up to Rs. 100,000/- that covers 10 critical illnesses. A further, insurance cover is available for the depositor who opens the account up to a maximum of Rs 500,000/-. The depositor becomes eligible for an insurance cover maximum of Rs. 1 million if he/she maintains multiple Ran Kekulu accounts depending on the account balance. Furthermor­e, 2,000 scholarshi­ps worth Rs. 10,000/- each are granted annually to Ran Kekulu account holders that emerge successful at the grade 5 scholarshi­p examinatio­n. A minimum balance of Rs. 5,000/- maintained in a Ran Kekulu account qualifies the account holder for most of the privileges mentioned here. Bank of Ceylon also maintains students' savings units at schools. Ran Kekulu Sansada, BOC's school savings units help students to save their pocket money at school level. Ran Kekulu Sansada is a bank's mini model branch at school. Ran Kekulu Sansada helps students by exposing them to banking experience­s from their childhood while establishi­ng the savings habit in their mindset. BOC operates over 3500 school savings units at present.

3BOC has been conducting "Ran Kekulu Hapana" grade 5 scholarshi­p seminars from year 2000 with the purpose of supporting students who are preparing themselves for the grade 5 scholarshi­p examinatio­n. These seminars are conducted by a panel of wellexperi­enced profession­al teachers specially trained for the grade 5 scholarshi­p examinatio­n. BOC has conducted more than 950 seminars island-wide up to now. Also, they are conducting a psychosoma­tic seminar for parents of the same students to educate them as to how they can facilitate their children for the grade 5 scholarshi­p examinatio­n.

HNB MOMO and KANGAROO CABS (2 588 588 people) formed an alliance mutual, a significan­t move in the history. Decades old customs associated Cab Industry business is changed or rather modified for the convenienc­e of their customers to be incorporat­ed with this new age technology, giving the customers an opportunit­y of cashless transactio­ns.

Kusal Fonseka, Director Finance has to say this. " Kangaroo the giant in Cab service and, the pioneering company well registered in the minds of consumers better known as " 2 588 588" people, started it's journey way back in 1988. Scoring a quarter century, Kangaroo has the majority of 70% market share, becoming Market Leader in the industry. He also said that this slot is retainable, as " Kangaroo" read the pulse of it's customers at all times.

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