CSR / Sustainability

BOC RanKekulu awards scholarships for 2000 Grade 5 scholarship high flyers

04 Jan 2016 - {{hitsCtrl.values.hits}}

Sri Lanka’s No.1 children’s savings account BOC Ran Kekulu offers 2000 scholarships each worth of Rs.10,000 for 2015 Grade 5 Scholarship achievers for the 14th time.
This annual programme is one of the bank’s key Corporate Social Responsible programs to uplift the country’s education by supporting and encouraging school children to make an extra effort in their studies. So far the bank has awarded and recognized 12600 students since 2002. Maintaining a minimum balance of Rs.2500 in a BOC Ran Kekulu account on or before the date of the scholarship examination, which fell on 23rd August 2015 with 175 marks or above fulfilled the eligibility for the BOC Ran Kekulu scholarship. All other BOC Ran Kekulu account holders who have passed 2015 Scholarship examination will be eligible for a valuable gift provided they too have maintained the said minimum balance requirement.
Further as a part of this sustainability initiative, the Bank conducts the Hapana program an island wide project that supports and encourages students to pass the year five scholarship examination. This program is conducted at provincial level with the assistance of the Education Ministry. BOC “Hapana” is also another strategic Corporate Social Responsibility (CSR) project of the Bank of Ceylon in line with the banks CSR strategy to uplift the country’s education. The Bank has been involved in this CSR programme since year 2000 and has coached over 650,000 students. It is noteworthy that this programme not only aims at students but it is also aimed parents to coach them on how to prepare their children for examinations by improving their mental wellbeing. The Bank of Ceylon sincerely takes pride in being able to provide assistance to future leaders of the country in the best possible way it can.
Bank of Ceylon maintains over 3,000 school savings units in selected schools covering all parts of the country. These units are managed by the students themselves with the help of the nearest BOC branch. This project aims at inculcating the savings habit and giving firsthand experience to youngster in banking to build a sustainable thrift culture in Sri Lanka.
Ran Kekulu accounts always carry an additional 1% above the normal rate. This account is also linked with free life insurance cover for the parent or guardian to a maximum of Rs.500,000/- (minimum balance of Rs.5000/- should be maintained for a period of six months or more prior to the incident). Any parent or guardian who opens Ran Kekulu accounts for more than one child will be covered up to a maximum of Rs. 1 million. The child will also get a free medical insurance cover up to Rs.100,000 per annum in the event of an accident or 10 specified critical illnesses requiring hospitalization in a private hospital (minimum balance of Rs.5000 should be maintained for a period of six months prior to the incident/illness). In the case of being admitted to a government hospital the insurance cover would be Rs.600 per day, for a maximum period of 30 days.
The Bank of Ceylon was named as the Strongest Bank in the country for the year 2015 by the prestigious “The Asian Banker” and it earned global recognition as one of the top 1000 banks in the world, (Country rank No.1) as listed by “The Banker Magazine” (UK) respectively in 2012, 2013, 2014 and 2015. The Bank claimed its award as the only Sri Lankan brand recognized as one of Asia’s Best Brands in 2013 by the Chief Marketing Officer’s Council (CMO Council) based in Mumbai, India. Brand Finance Lanka has ranked Bank of Ceylon as the country’s No. 1 brand for the last seven consecutive years.

CSR / Sustainability

BOC RanKekulu awards scholarships for 2000 Grade 5 scholarship high flyers

Most Popular Articles

Third review approved by IMF, SL to get next US$ 333 million tranche

Niloufer Esufally-Anverally Makes a Stylish Comeback with the Launch of NLFR

CBSL’s single policy interest rate mechanism comes into effect today

Sri Lanka Economic Summit in January 2025

Industries Ministry public day re-launched after four years

Global Entrepreneurship Week 2024 kicks off across all 25 districts

LATES'T NEWS

Toll of deaths, injuries, missing persons due to adverse weather increases

Three FR petitions challenging business transactions involving LTL Holdings dismissed

Sri Lanka welcomes ceasefire between Israel and Lebanon

Cyberattacks on top firms, state entities expose Sri Lanka’s weak defences: Secualyze

Collective effort key for supporting Sri Lanka’s success in debt restructuring: IMF chief