Banking

NDB Bank Vishmitha Savings offers a loan with zero interest

Among NDB Bank’s wide-range of savings products is Vishmitha Savings - an innovative product exclusively offered by NDB Bank. Vishmitha Savings was introduced in 2007 offering its customers the benefits of obtaining an interest free loan, after the completion of one year.

It was the first time in Sri Lanka, that a savings account of this nature was introduced. NDB Bank believes that through Vishmitha, its customers will not only be able to achieve the long-term goals for which they save up for, but this will also enhance their lifestyles as Vishmitha gives its customers the option of taking an interest free loan up to 75 per cent of their average savings balance after one year.

The higher the account balance, the higher the loan option, while the available savings balance receives full interest even while the loan remains outstanding.

It also offers a super high interest rate with no restrictions on withdrawals. The initial deposit to open a Vishmitha Savings Account is Rs. 2,000/-.

The loan facility will be available every year. The loan is repayable in 12 equal monthly instalments by depositing money into the savings account. The minimum loan one can apply for is Rs. 5,000/-.

If the loan is obtained against the savings account, an amount equivalent to the average balance will be held under lien until the loan is fully settled. The same account can be operated over the under lien amount to carryout usual transactions. That’s not all, with Vishmitha; it also offers its customers to a visa enabled ATM/Debit card which gives access to their account through over 1000 Visa enabled ATM’s across the island.

It’s also important to remember that once the habit of savings is developed you will find that it comes easier to you and it can provide peace of mind, since you know that you will have a backup in difficult times.

NDB Bank believes its “Vishmitha” Savings Account is dramatically reducing the pressure on the customer unlike traditional savings as it enables its account holders spend while saving for tomorrow.

Scholarship winner rewarded by Arunalu

Don Mahisha Supipi of St. Andrew’s College, Puttalam was one of the three highest scorers in the Grade 05 Scholarship exam 2008 with a total f 183 marks.

Commercial Bank Puttalam Branch took the initiative of granting a cash award of Rs 25,000 along with valuable corporate gifts to Mahisha. Here (from left) are Manager Puttalam Branch Kosala Kolamunna, Senior Regional Manager Risijaya Srikantha, Commercial Bank handing over the cash award to Mahisha at a special ceremony at the school.

Also present were Principal of St. Andrews’ College Sr Tricilda Fernando and Chandra Fernando, mother of Mahisha.

With the objective of promoting excellence in education while encouraging the habit of saving among the younger generation, Arunalu Childrens’ Savings Account of Commercial Bank has granted over Rs. 30 lakhs to over 175 students last year alone. In addition to earning a high rate of interest on their accounts, children having balance of at least Rs. 5,000 win attractive cash prizes based on school and district levels results under the Arunalu Childrens’ Savings Account of Commercial Bank.

Sampath Bank opens new branch in Wellawaya

Chairman Sampath Bank Arthur Senanayake hoisting the National Flag at the ceremonial opening.

The latest addition to Sampath Bank’s electronically linked branch network is located at Kumaradasa Mawatha, Wellawaya. This branch, centrally located in the Wellawaya town strives to provide superior banking services to many customers who reside and who traverse this transit township in their day to day business.

The opening of the new Sampath Bank branch has indicated a new era of banking services and facilities to the community in the area which consists of customers from many walks of life such as civil service, agriculture, fisheries, brick manufacturing, poultry, timber and other small, medium and large industries.

Sampath Bank is a timely and favourable solution to the increase in demand for banking service in the area due to the development of industries. With the modern branch being opened the bank aims to sustain the development of the area by providing the much needed banking solutions with a greater quality of service.

Sampath Bank - Bigger and better in Wariyapola

Minister of Rural Industries and Self Employment, S.B. Nawinna declaring the bank open at the auspicious time. Incumbent CEO, Sampath Bank Anil Amarasuriya is by his side.

With a view of providing a superior level of services and conveniences to their customers, the Sampath Bank branch in Wariyapola has been relocated to a central location at the Nawinna Office and Shopping Complex in Kalugamuwa Road, Wariyapola.

The new branch is geared with state-of-the-art automations and multiple counters that provide faster and better service with enthusiastic service personnel who are always at hand with a smile to serve their customers.

Facility to open and operate current accounts, carry out international trade transactions, obtaining of business loans, higher ceiling for personal deposits, withdrawals and credit card payments, expedited service for loan application are some of the benefits offered at the new full- fledged branch.