Mar 08, 2017

People's Bank's special tribute to Lankan women

In conjunction with the International Women’s Day which falls on the 8th of March, People’s Bank plans to reward the savings habit among women who save with Vanitha Vasana account. Through this move, the bank aims to encourage the habit of saving amongst Sri Lankan women, while strengthening the country’s economy.

Women play a multiple role in managing the household income while largely contributing towards the country’s economy. In appreciation of their tireless efforts, People’s Bank joins to commemorate International Women’s Day on the 8th March.

A special period of savings has been declared by the People’s Bank from March 8th to May 31st , where holders of Vanitha Vasana account will be rewarded with valuable prizes based on the net increase in the balance of their accounts. ceramic rice plates, kitchen glassware spicy sets, glass fruit bowls, ceramic bowls, non-stick frying pans with lid andSpray Mop as well as single burner gas cookers are some of gifts that are being given to encour.

In addition, the bank has introduced an investment plan to further empower women with financial stability. Vanitha Vasana Money Planner account offers several investment options such as Rs. 10,000/-, Rs. 25,000/-, Rs. 50,000/-, Rs. 100,000/-, Rs. 250,000/-, and Rs. 500,000. A sum of Rs.928/- is sufficient to open a new investment plan account, and a fixed amount is required to be deposited on a monthly basis.

For example, to open a Rs. 10,000 worth Vanitha Vasana Money Planner account, a deposit of Rs. 928/- should be made on the first month. Thereafter a sum of Rs. 800/- is required to be deposited monthly for the remaining 11 months to sustain the account.

A proper saving plan not only offers financial stability to the Vanitha Vasana account holder but also boost her self confidence and paves way to lead a better life. A good saving is like a future investment which can be utilized to pursue higher studies, travel abroad, begin a business venture, or can be used as a health insurance during an emergency in the family.

People's Bank's Vanitha Vasana account offers an exclusive opportunity to gradually increase the interest rate in proportion to the saving, and it also offers an additional bonus interest once the account reaches a certain balance in the account. People's Bank cordially invites all women in Sri Lanka to open a Vanitha Vasana account with confidence and look forward to a financially secured and stable future.