BOC promotes goal-based investment account

Friday, 6 October 2023 00:58 - - {{hitsCtrl.values.hits}}

The Bank of Ceylon’s newest investment product ‘BOC Flexi Investor’, a goal-based investment account was launched recently enabling customers to reach their short to long term goals and aspirations in the manner they desire, making good use of their hard earned money. Whether it is securing funds for higher education, planning dream vacations, organising the perfect wedding, buying a vehicle, saving for children’s future, or other goals, BOC Flexi Investor would make it a reality, tailored to the income pattern of each customer.

BOC Flexi Investor offers flexibility to set investment plans based on the goal, tenure and affordability. Attractive rates, and a wide range of options help customers to achieve their goals fast. Transaction tracking is available via digital channels to trace the history conveniently. It is noteworthy that any variations from the original plan would not result in any penalties making ‘BOC Flexi Investor’ a unique product from similar investment plans in the market.

Both Sri Lankan residents and non-residents, employed abroad (excluding emigrants) above 18 years are eligible to open this investment account with the prerequisite of being a BOC account holder of savings or current account maintained in LKR as the Source Account.

Flexi Investor ensures a seamless online experience in setting up investment plans using user-friendly tools such as “Investment Calculator”. It gives the ability to create your own deposit build-up plan based on the goal and affordability. Customers can choose to make lump-sum deposits and/or monthly instalments to reach their goals and fulfil their desires.

A BOC Flexi Investor account can be created with a few simple steps. First, you need to set your desired goal with an amount in multiples of Rs. 100,000 up to Rs. 10,000,000. Thereafter, you can choose the desired period to achieve your goal either in ‘months’ (12 to 60 months) or in ‘days’ (90 to 365 days). In addition, preferable Interest payment option (either fixed interest rate or floating interest rate) can be selected and the initial request submitted through “BOC Apply Online” facility in the Bank’s website - www.boc.lk (Account opening facilities could be completed by visiting the nearest BOC branch)