Bank of Ceylon offers Rs. 30 million worth Ran Kekulu Grade 5 Scholarships in 2017

Thursday, 22 June 2017 00:00 - - {{hitsCtrl.values.hits}}

The Bank of Ceylon invites parents of students who expect to sit for 2017 Grade 5 scholarship examination to prepare their children to become eligible for 2,000 scholarships worth Rs. 15,000 each through the bank’s Ran Kekulu Scholarship scheme.

As a part of the bank’s strategic Corporate Social Responsibility the Bank of Ceylon conducts this annual program to support and encourage school children to make an extra effort in their studies.

Simply maintaining a minimum balance of Rs. 5,000 in a Ran Kekulu account or by opening a Ran Kekulu account with any of BOC’s 627 branches across the country, on or before the date of the scholarship examination, which falls on 20 August, fulfils the eligibility to be considered for BOC’s Ran Kekulu scholarship. In addition to the scholarship scheme there are also special merit awards for all island ranks where 1st will receive Rs. 100,000, 2nd will receive Rs. 75,000 and the third will receive Rs. 50,000.

Further as a part of this sustainability initiative, the bank conducts the ‘Hapana’ program island wide to coach students for the year 5 scholarship examination. This program is conducted at provincial level with the assistance of the Education Ministry.

The Bank of Ceylon sincerely takes pride in been able to coach thousands of students all over the country through the ‘Hapana’ scholarship coaching program covering over 1,204 sessions recently. Further assisting in this task the bank has sponsored the popular scholarship TV program ‘Nena-Mihira’ telecast via Rupavahini every Monday at 5 p.m. till 6 p.m. from 12 June till 3 August.

This program often associates itself with schools to add variety to it and to make the program more interesting to children. Rupavahni Corporation together with Bank of Ceylon has scheduled many workshops in selected schools related to the Grade 5 scholarship examination in line with this ‘Nena-Mihira’ telecast.

In addition Bank of Ceylon maintains over 4,000 ‘Ran Kekulu School Sansadha’ (school savings units) in selected schools covering all parts of the country. These units are managed by the students themselves with the help of the nearest BOC branch. This project aims at inculcating the savings habit among the younger generation to build a sustainable thrift culture in Sri Lanka, through BOC school savings units (Sansadha).

Bankers to the nation, Bank of Ceylon has a variety of initiatives to build child’s Ran Kekulu Account. Out of an array of banking products and services Bank of Ceylon offers Ran Kekulu account with an additional interest rate of 1%. This account is also linked with free life insurance cover for the parent or guardian to a maximum of Rs. 500,000 (minimum balance of Rs. 5,000 to be maintained for a period of six months prior to the incident).

Any parent or guardian who opened BOC Ran Kekulu accounts for more than one child will be covered up to a maximum of Rs. 1.0 million. The child will also get a free medical insurance cover up to Rs. 100,000 per-annum in case of an accident or specified 10 critical illnesses requiring hospitalisation in a private hospital for more than one night or three nights in a Government hospital, will receive Rs. 600 per day up to a maximum of 30 days only (conditions apply).