People’s Bank is now encouraging parents of new born children to start saving for their children from birth, by ensuring that the first deposit required to open an ‘IsuruUdana’ savings account is gifted by the bank itself.

The innovative ‘IsuruUdana’ savings account was created with the purpose of providing parents of newborns an all-important first step towards a stable and financially secure future for their children. The IsuruUdana account akin to the importance of that of a birth certificate certifies that the child is well on his or her way to a stable future. 

Parents are urged to visit their nearest People’s Bank branch with their child’s birth certificate in orderto request the bank to make the first minimum deposit under their child’s name free of charge and thereafter the account can then be managed by the parent/ Guardian until their child’s fifth birthday. The account will automatically upgrade in to a ‘SisuUdana’ account after the age of 5 to be managed by the child and parent until the child’s 18th birthday, ensuring a sizable saving towards their future. The gifts offered by People’s Bank Isuru Udana will inspire children to learn while enjoying their childhood.

Since its inception 54 years ago, People’s Bank has opened its doors to customers across the country, from all walks of life, providing them with banking services that meet their unique needs and uplift their lives. People’s Bank currently serves over 16 million customers through 737 branches and its connected network of 2650 ATMs is linked to the Lanka Pay gateway.