MBSL Savings Bank rewards senior citizens

Wednesday, 6 November 2013 00:00 - - {{hitsCtrl.values.hits}}

Offers special rates and ‘free’ medical check-ups

The main concern amongst investors today is the safety and security of their deposits, in addition to other benefits offered by the financial institution. Attractive interest component is also another vital element for investors to make a decision. In view of this, MBSL Savings Bank has introduced the ‘Achara; Fixed Deposit, yet another value added product for senior citizens above 55 years. ‘Achara’ Fixed Deposits can be opened with a minimum deposit of Rs. 100,000 at any MBSL Savings Bank branch. The account holder will receive a ‘free-of-charge’ medical check-up once a year together with an attractive rate of 14% at maturity on deposits for three, six and 12 months and 13.15% monthly for one-year deposits above Rs. 1 million.

Tailor-made for senior citizens Head of Lending and Investment Amith Wanigarathne emphasised that ‘Achara’ Fixed Deposits has been designed and tailor-made for the benefit of the senior citizens of the country and stated that this scheme would be an ideal investment opportunity for senior citizens to invest their hard earned money. MBSL Savings Bank is a licensed specialised bank, registered and supervised by the Central Bank of Sri Lanka, which is a subsidiary of Merchant Bank of Sri Lanka. Merchant Bank of Sri Lanka is one of the pioneer merchant banks in Sri Lanka and is a subsidiary of Bank of Ceylon, which is the largest State-owned commercial bank. Wide range of services The bank offers a wide range of services, including fixed deposits, savings accounts and ‘Punchi’ and ‘Punchi Star’ children’s savings accounts and savings certificates. Other specialised banking services include lending products such as leasing and hire purchase, personal loans, educational loans, housing loans and business loans to individuals and corporate sector. The hallmark of the bank includes strength, stability, customer confidence and reliability, with friendly and dedicated sales and marketing officers who are committed to offer financial products and services at your doorstep. The bank’s products and services are provided through its Main Branch in Colombo and 12 branches situated in Anuradhapura, Galle, Gampaha, Kada-watha, Kalutara, Kotahena, Kottawa, Kurunegala, Moratuwa, Negombo, Nugegoda and Ratnapura. For more information, contact the hotlines 0711711711 or 0112374000 or email [email protected], website www.mbslsavingsbank.com.