Saving for the future with 'Birth of Freedom' from People's Bank

NEW SCHEME: As Sri Lanka celebrated its 59th Independence Day, People's Bank held a special programme titled, Nidahase Upatha or 'Birth of Freedom'.

Under this scheme, held for the second year, all newborns during the period of February 1-7 were awarded 'Isuru Udana' gift certificates of Rs. 500 each.

Chairman, People's Bank Dr. P.A. Kiriwandeniya together with members of the corporate management visited the De Soysa Memorial Hospital in Borella, and handed over Isuru Udana gift certificates to newborns and their mothers.

At another ceremony, CEO/General Manager, People's Bank Asoka de Silva and members of the corporate management and a team of bank officials visited Castle Street Maternity Hospital, Borella to handover the first Isuru Udana gift certificates to newborns and their mothers, at a colourful ceremony.

Director, Castle Street Maternity Hospital Dr. C. Karannagoda thanked People's Bank for selecting the hospital to carry out an innovative programme that highlighted the value of saving for parents and children. The 'Isuru Udana' gift certificate is a versatile gift that can be given to any child to mark important occasions in his/her life.

It comes in two denominations of Rs. 200 and Rs. 500. Similarly, 'Isuru Udana' is a children's savings account designed for children from infancy up to the age of five, with the child being entitled to various gifts. As the child grows older, this can be converted to other accounts corresponding to the child's age range, studded with fitting benefits.

Through this scheme parents are encouraged to save for the future requirements of their children well ahead of time.