Pan Asia Bank launches ‘Target Investment Plan,’ a sure way to get a pile of cash when you need it m

Thursday, 14 July 2016 00:00 - - {{hitsCtrl.values.hits}}

Pan Asia Bank recently launched yet another true value product called ‘Pan Asia Target Investment Plan,’ which is designed to cater to a much felt need in the market for a product that enables customers to save gradually over time with the intention of receiving a guaranteed lump sum at the end of the investment period.

Explaining the value of this product Deputy General Manager (DGM), Marketing and Card Products Nalaka Wijayawardana stated: “In the current context, in any person’s life there are many foreseeable events which will require a large sum of money, be it a wedding, a planned renovation to your residence, a business start-up, enrolling a child to a school or any other similar event. As a truly Sri Lankan entity Pan Asia Bank understand that such events can create considerable financial stress to any person. This is why we came up with Pan Asia Target Investment Plan which is an ideal solution for such situations as it allows customers to plan for those big events in your life by saving an affordable amount over a pre-determined time period.”

The customer’s investment towards the fund can be made as small monthly payments starting from as low as Rs. 1,500 to reach their guaranteed lump sum at the end of the investment period. In terms of investment period customers have four options to select from namely two, three, four and five years.

The table illustrates the monthly payments that should be made to reach the targeted maturity value under different investment period options.

Any Sri Lankan over the age of 18 years can open a ‘Pan Asia Target Investment Plan’ and further information on this product can be obtained by either calling 011 4 667 222 or visiting any of the Pan Asia Bank branches located island wide.