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| Tuesday, 5 October 2004 |
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Parinatha savings and fixed deposit scheme for elders The People's Bank recently launched the Parinatha savings and fixed deposit scheme for elders. Deputy General Manager, Personal and development banking/Nostro and Branch Accounting of People's Bank, P. V. Pathirana, said "We believe that life begins at 55 and Senior Citizens need some kind of an account to safe-guard their interests and support their emerging needs as they begin a new phase of their life. The Parinatha scheme is the nest egg for veterans who are looking forward to living life to the fullest after they retire, he said. He said that the bank too felt that elders have done their best for the country and it was time for them to get something in return. "They have contributed passionately to the job either as a Government Servant or otherwise, and are retiring at the age of 55. The Parinatha account can be opened as a Savings or Fixed Deposit. The Parinatha Savings Account can be opened with a minimum deposit of Rs. 500. If the account holder maintains a minimum balance of Rs. 5,000 in the account for three months, a bonus interest of 0.5% over the normal savings rate will be added to the account. |
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