1 October 2024 02:29 pm Views - 42
People’s Bank Deputy General Manager - Retail Banking T.M.W. Chandrakumara
Sharing his thoughts on the occasion, People’s Bank Deputy General Manager - Retail Banking T.M.W. Chandrakumara stated, “Every year, People’s Bank launches several programs to celebrate World Children’s Day and World Senior Citizen’s Day. In view of that, this time around, Isuru Udana, the account introduced by People’s Bank for children up to the age of 5 years and Sisu Udana, the account we introduced to nurture the savings habit among schoolchildren, are both offering a wide range of attractive gifts from 1st October to 31st December. This will undoubtedly provide them the pathway to progress in their studies.
While senior citizens who deposit funds into the People’s Bank’s Parinatha account can enjoy high interest rates, they also get to take advantage of special interest rates when they use the 'Swarna Pradeepa' pawning service for their gold items.
We have also launched a special loan scheme with a maximum loan repayment period of 15 years for senior citizens who are retired government sector employees. A special feature of this loan scheme is that they can obtain it in a fast and convenient manner by submitting minimum documentation.
These accounts are can be opened and operated through our network of 747 branches and service centres across the country. As the leader in digital banking, we are always committed to delivering a wide range of digital banking services to our valued customers. It must be pointed out that since we are a wholly State-owned bank, we can provide unmatched security for our customers’ deposits. More information on these benefits can be obtained by dialling the bank's hotline 1961 or by visiting the website www.peoplesbank.lk.
Isuru Udana and Sisu Udana
Isuru Udana was launched by People’s Bank in 1998 for children from birth up to 5 years of age. Under the theme “The wisest gift for a child”, Isuru Udana gift certificates are made available in various denominations.
People's Bank introduced Sisu Udana Accounts in 1996 with the aim of inculcating the value of thrift in the hearts and minds of students from a young age and creating a generation of financially disciplined students to the country. This helped to nurture the habit of saving among school children aged 5 to 18 years. Today, People's Bank has the honour of having the most number of children's savings accounts in the country. In addition to the interest rates based on the account balance, children are given numerous gifts and benefits. People's Bank also acts as a responsible financial institution focused on building a stable future for them by providing various financial services up to their higher educational journeys. In the year 1997, with the aim of supporting children who have successfully passed the Grade 5 Scholarship exam to pursue their higher educational dreams, we commenced the awarding of scholarships. Ever since, every year we have commenced a programme to present cash and other gifts to children who have successfully passed the Grade 5, Ordinary Level and Advanced Level examinations.
Parinatha for Senior Citizens
The People's Bank's ‘Parinatha’ Senior Citizen Savings Account has been introduced for senior citizens who have given the best part of their lives for the betterment of the country and society. Parinatha offers many benefits for their hard-earned money and provides a stable foundation for them to face the future. Its debit and credit card facilities and digital banking services allow them to meet their banking requirements from the comfort and safety of their homes.
As a senior citizen, it is the aim of the People's Bank to create the necessary financial environment for you to have peace of mind and live a free life while preserving the dignity and respecting your maturity as a senior citizen of the nation.
Established under the People's Bank Act No. 29 of 1961, People's Bank is Sri Lanka's second-largest financial institution, with assets exceeding LKR 3.0 trillion. With 747 branches and service centers, and a customer base of over 15.2 million people, People's Bank continues to play a pivotal role in the country's financial landscape. The Bank also operates 290 self-service banking locations, ensuring year-round access to essential banking services.