BOC promotes Kantha Ran Ginum to save and celebrate life’s joy

Wednesday, 9 March 2016 00:00 - - {{hitsCtrl.values.hits}}

The Bank of Ceylon in recognition of women’s role in the society has introduced a number of initiatives to encourage her to secure herself financially while celebrating the best things she deserves. The bank’s Kantha Ran Ginum (KRG) is the prime savings account designed especially to empower women in the country.

In celebration of this year’s International Women’s Day on 8 March Bank of Ceylon will offer exciting gifs to add a bit of excitement. A non stick pan is in offer to a fresh deposit of Rs. 25,000 or more to an existing Kantha Ran Ginum account or a new account, a colourful jug for a deposit between Rs. 10,000 to Rs. 25,000 and an exciting new promotion for all BOC Facebook fans for those who take part in the in the promotion uploaded on ‘BOC Smartgen’ FB page where five winners will get gifts each worth Rs. 10,000 from Stone & Strings and 50 Stone and String gift vouchers each worth Rs. 1,000 as consolation prizes will be given.

BOC Kantha Ran Ginum is a unique savings account that aids Sri Lankan women to accomplish their aspirations in life. BOC KRG account promises an additional 0.5% interest over the normal savings account and a free life insurance cover amounting to 10 times of the minimum balance in the account, maximum amounting to of Rs. 500,000 until she turns 60 (conditions apply). The account holder is also entitled to other facilities including an instant loan facility up to a maximum of 90% of the account balance, on-line banking, SMS banking and a debit card facility.

In line with the bank’s digital transformation BOC KRG can also be converted or opened under SmartGen as a fully digitalised account where a passbook is no longer required to operate the account where customers are given the freedom to do banking anytime anywhere seamlessly through online banking facility which comes absolutely free. Customers can also walk into any BOC branch for transactions as the customer’s photograph and signature are captured digitally at the time of account opening that adds more safety to the account.

This facility also comes with free SMS facility on transactions carried out on the account. It sends a month end email statement to the customer to a provided email address.

Apart from direct benefits from the KRG savings account, Bank of Ceylon has formulated a number of initiatives to empower women in rural and SME sectors. PAMP – Poverty Alleviation Micro-finance Projects are also a popular loan scheme through which the bank has uplifted the lives of over 124,000 members in over 24,000 women groups disbursing nearly Rs. 1.8 billion at the time of writing.