First finance company to win this achievement:
TFC achieves Rs.1 billion in deposits
The Finance Company (TFC), has achieved the milestone of a savings
deposit base of over one Rs. billion.
TFC has the distinction of being the first finance company to win
this landmark achievement.
In 2005 the Central Bank liberalised the country’s financial market
by authorising Finance Companies registered with them to accept and
mobilise savings deposits, which until that time only licensed
commercial banks and specialised banks were authorised to do.
TFC introduced two savings schemes specially targeting adults and
minors with competitive interest rates. The company introduced many
value additions to their savings products through giveaways of Maruti
cars, gold coins, mobile phones, mountain bikes, and gifts for minors.
Taking innovation a step further, TFC has revolutionised the savings
market with the introduction of “Super Saver” which offers the highest
ever rate of interest at 19% per annum in the financial market for
savings accounts.
TFC “Super Saver” is designed to encourage and support savings habit
among the people while giving them the best value for their investments.
TFC issues debit cards free. The card can be used to withdraw cash in
over 1000 ATMs supported by the VISA network islandwide 24 hours 365
days of the year.
It empowers customers to purchase goods and services in all VISA
accredited super markets and business establishments among the 8000 VISA
outlets in Sri Lanka at present. |