People’s Bank commemorates World Children’s Day
On World Children’s Day, which is commemorated on 1st October, the whole world will pay special attention to children. As one of the top- ranking banking institutes in Sri Lanka, People’s Bank also has made arrangements to celebrate this day by providing children with a host of special benefits.
One of the first steps that has been taken is to extend educational support to Sisu Udana account holders and Isuru Udana account to inculcate the habit of savings among children.,
People’s Bank offers two versions of Children’s Savings Accounts namely; Sisu Udana which is designed for children of 5 years and above and Isuru Udana which was introduced for infants under the age of five. As the bank that introduced children’s savings accounts to Sri Lanka, People’s Bank remains one of the most trusted choices of parents mainly due to the product features, accessibility and stability of the bank.
Speaking about the bank’s programmes that coincided with World Children’s Day, Mr. Nalin Pathiranage, Assistant General Manager (Retail Banking) stated, “It is important that we dedicate a day to all children both locally and globally. While People’s Bank annually organises various pro
grammes to celebrate children on World Children’s Day, we dedicate every day of every year to serve children continuously”.
This year, People’s Bank will commemorate Children’s Day under the theme ‘ Sathutu Sinaha Lova Pathirena Navum Lovaka Udanayata’ based on the theme ‘ Sinaha Dakina Ape Lovak’ conducted by the Ministry of Women and Child Affairs and Social Empowerment. Mr. Nalin Pathiranage also stated, “As of October 1, we will start a three-month saving period. People’s Bank will provide several educational gifts to those who open an Isuru Udana or Sisu Udana savings account between October 1 and December 31, as well as for those with active accounts.”
People’s Bank’s children’s Savings accounts come with attractive interest rates and additional benefits such as cash prizes and gift vouchers as the account balance grows. In addition, unparalleled accessibility is granted via cutting edge digital banking features. Parents and Children can open either an Isuru Udana account or a Sisu Udana account at any of the 742 People’s Bank branches located across Sri Lanka, which happens to be the largest branch network in the country.
“When a Sisu Udana account holder reaches the age of 18, they are automatically eligible for a YES account. It takes determination, commitment and support for a child to achieve their future goals, especially when it comes to important milestones such as going abroad for higher education, marriage, or when purchasing a vehicle. This is when his or her childhood investment will provide him with an additional support.
Hence instilling the habit of saving money from childhood will serve as a solid foundation for their future. All parents are encouraged to join with People’s Bank to open Isuru Udana or Sisu Udana accounts for their kids in order to safeguard their future.” Nalin concluded.
People’s Bank is the country’s Premiere Licensed Commercial Bank with Sri Lanka’s largest banking footprint composed of 742 branches and service centers. With a history spanning 61 years, the Bank benefits from a staff strength of close to 8,000 who tirelessly and diligently serve more than 14.5 million customers and close to 19.0 million account relationships, which is by far the largest for any financial services provider in the country. Established under the People’s Bank Act No. 29 of 1961, the Bank carries a National Long-Term Rating of “AA-( lka/ Rating Watch Negative)”; by Fitch Ratings Lanka Ltd.
People’s Bank offers two versions of Children’s Savings Accounts namely; Sisu Udana which is designed for children of 5 years and above and Isuru Udana which was introduced for infants under the age of five. As the bank that introduced children’s savings accounts to Sri Lanka, People’s Bank remains one of the most trusted choices of parents mainly due to the product features,