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Ran Kekulu Ginum Hapana program
Furthermore, an insurance cover is available for the depositor who opens the account up to a maximum of Rs 500,000. The depositor becomes eligible for an insurance cover to a maximum of Rs. 1 million if he/she maintains multiple Ran Kekulu accounts depending on the account balance.
Additionally, 2,000 scholarships worth Rs. 10,000 each are granted annually to Ran Kekulu accountholders who fare well at the Grade 5 Scholarship Examination. A minimum balance of Rs. 5,000 maintained in a Ran Kekulu account qualifies the accountholder for a number of privileges.
This year, to coincide with the bank’s 75th anniversary celebrations, BOC has arranged an art competition for BOC Ran Kekulu accountholders that offers winners four trips to Disneyland. The competition will be held under four categories: Preschool, Grade 1 to 5, Grade 6 to 9 and Grade 10 to 13.
The competition is organised in two stages. First, all paintings will be displayed at the provincial level and the first, second and third places altogether will be selected from each category.
In addition to this, 1880 paintings will be selected for consolation prizes from all provinces. Two thousand paintings will be selected for the national level competition from four categories. National level winners’ paintings will be exhibited and the award ceremony will be held in Colombo on 31 October.
The bank has initiated its sustainability programs to encourage education for children in a more comprehensive way. Apart from its Ran Kekulu Children’s savings account, the bank also maintains students’ savings units at schools. Ran Kekulu Sansada, BOC’s school savings unit, helps students to save their pocket money.
Ran Kekulu Sansada is a bank’s mini model branch at schools. Ran Kekulu Sansada helps students by exposing them to a banking experience from their childhood while establishing the savings habit in them. BOC operates nearly 4000 school savings units at present.
BOC has been conducting ‘Ran Kekulu Hapana’ Grade 5 scholarship seminars from 2000, with the purpose of supporting students who are preparing themselves for the Grade 5 Scholarship Examination.
These seminars are conducted by a panel of well-experienced professional teachers specially trained for the Grade 5 Scholarship Examination. BOC has conducted over a 1000 seminars island-wide up to now. They are also conducting a psychosomatic seminar for parents of the same students to educate them as to how they can help their children for the Grade 5 Scholarship Examination.
Similarly, the bank encourages students to excel in their Advanced Level in the areas of science, mathematics, arts and commerce by awarding 18 plus scholarships annually.
14 Plus is an innovative savings account introduced by BOC for teenagers between the ages of 14-17. The account was designed to inculcate the habit of saving amongst teenagers and draw attention away from unwanted spending sprees that are common to this age group.
A voluntary savings of pocket money is encouraged here at an early age and accountholders are entitled to a BOC Debit Card to access their accounts from ATM’s island-wide.
The 18 Plus account of BOC targets youth that take an active stance in planning their future development. Existing especially for those within the 18-25 age group, it offers benefits that could be enjoyed even till the age of 35.
This account carries a number of financial and non-financial benefits: a medical insurance cover to the maximum value Rs. 100,000 that covers 10 critical illnesses and a life insurance cover to a maximum value of Rs. 500,000 that increases up to 10 times the value of the minimum balance maintained.
Accountholders are also entitled to an additional interest of 0.5%, internet, SMS banking, debit cards for shopping and ATM withdrawals, instant loans up to 90% of the account balance, scholarships and the concessionary opening of a Ran Kekulu Children’s Account with just Rs. 500 for the first baby.
The 3G savings account from Bank of Ceylon is aligned with World Children’s Day and Elders Day. This unique saving method, ‘BOC 3G Savings’, allows customers to link three generations of a customer’s family (the ‘3G’ concept) – a customer’s children, parents and themselves - and helps them to save when they shop and spend.
This allows a customer to save and set aside money to care for their loved ones. This unique product gives the opportunity to care for children and elderly parents as they shop with a BOC Debit Card.
This is a concept of ‘saving while spending’ and allows the customer to make a savings build-up for their children or to make some money available for parents, in small sums without much effort or becoming a burden on their pockets or their busy schedules
For senior citizens, the bank has introduced the ‘BOC Abhimana’ Savings Account and ‘The Senior Citizen’s Fixed Deposits’ with higher interest rates. The Bank of Ceylon provides additional interest for senior citizen accounts. They are also entitled to an ATM/debit card to withdraw money around the clock.
Through its special accounts Bank of Ceylon has served the most important unit in society, the family, guiding it in finding a righteous and safe path to a secure future.
