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Capital Reach Leasing - Itumina Savings

“I believe that thrift is essential to well-ordered living.” - John D. Rockefeller, We can benefit from this advice. Saving a part of what is earned, even a small part, is one way to build your wealth.

World thrift day focuses on the importance of saving to lead a healthy life. This is a good opportunity to review the beneficial saving products in the market today. “Itumina”, the Investment Savings account of Capital Reach Leasing PLC. is such a product.

It’s a product that makes savings a routine and easy activity. Not only does it fulfil ones dreams by providing an easy way to build a saving fund for essentials in life, as higher education, a home and a pension for retirement, it does so with minimum pressure on your earnings.

Itumina has been designed to encourage monthly savings over a specified period. The monthly interest is added on a compound interest basis.

Capital Reach Itumina savings allows the depositor to save and systematically build their capital and earn interest above average rates. Itumina Savings does not burden them with minimum balance requirements. The saving per month is determined by the client and can be as low as Rs. 500.

Itumina, can be described as a retirement plan as well. Today retirement has become a vital fact that everyone must plan for. The importance of having a retirement plan cannot be emphasized enough. Today, the life span of an average person has increased by five to seven years compared to a decade ago.

This stresses the importance of planning your “savings”; i.e. the amount of savings that you will have at the end of the employment. A product such as Itumina can lead the way to a secure retirement.

Often people tend to postpone savings over more urgent day-to-day matters without realizing that time is often the worst enemy, when it comes to “savings”; that essential future security.

The age at which you start saving can make a huge difference in the quality of life you can expect at retirement. The difference in the amount you can save if you had started saving at 20 years of age and if you had started five years later can be as great as 50 percent. Five years, delay can reduce your savings by 50 percent.

If you save Rs 1,000 at the age of 20, 40 years later at retirement you would have built a savings fund of approximately over Rs. 10 mn and if you start at the age of 25, in 35 years, you would have a fund of approximately Rs 5. mn.

One special benefit of the Itumina Savings account is, that you can obtain a loan worth five times your savings after the fifth year. On the other hand Itumina customers are entitled to flexible interest rates of leasing and hire purchase which they obtain from Capital Reach Leasing PLC.

NDB Bank goes to Batticaloa

NDB Bank launched operations in Batticaloa, with the presence of NDB Bank’s Head of Retail Banking and Marketing Indrajit Wickramasinghe and Head of Emerging Corporates and Specialized Commercial Markets Raj Aboobucker and other NDB Bank officials. Mayor of Batticaloa Mrs. Sivageetha Prabaharan and the Deputy Mayor. A George Pillai attended the opening ceremony.

A large gathering of people were also present. This is the 43rd branch in NDB bank’s network and is a key component of the Bank’s expansion plans into the North and East regions of Sri Lanka.

NDB Bank Head of Retail Banking and Marketing Indrajit Wickramasinghe said, “NDB Bank decided to open a branch in Batticaloa as a step to making our presence felt in the North and East. Batticaloa is our second branch to be opened in the Eastern Province, following our branch in Ampara. We are happy at the prospect of being able to offer our expertise and services to our customers in this region as we believe that the resident communities will be able to benefit from it. “

The NDB Bank Batticaloa branch will be at Trincomalee Road, Batticaloa. Customers will be attended to by a team of highly-experienced banking professionals offering quality service and personalized products to suit individual needs. The expansion into the North East region of Sri Lanka is in line with the bank’s goal of offering reliability, outstanding customer service and an extensive range of products and services to its customer base.

NDB Bank offers its customers a comprehensive range of retail banking products and services including Current Accounts, Savings Accounts, Foreign Currency Accounts, Children’s Savings Accounts, Fixed Deposits, Leasing Facilities, Personal Loans, Education Loans, Housing Loans, Debit Cards, Pawning Services and Western Union Money Transfers.

NDB Bank with its wide experience, products and knowledge in Corporate Banking and SME Services has a wealth of experience to offer to the communities in Batticaloa. The Bank provides support to establish and promote entrepreneurial skills; thereby enabling people to contribute towards the growth of the nation.

Today, NDB Bank is one of the fastest growing banks in the country with the group having regional operations in Maldives and Bangladesh. The Bank offers a wide range of commercial banking services through its growing islandwide branch network; which is set to grow in the Northern and Eastern provinces in the months to come.

ADIDAS LAUNCHES OLD ‘N ALIVE

Adidas has launched its latest promotion campaign titled ‘Old ‘n Alive’.

The campaign encourages customers to bring old sports shoes which is in a usable condition, and in turn the customers are rewarded with a 20 percent discount on the new purchase of shoes as well as any other adidas products (apparel and accessories) purchased with it.

The promotion enables consumers to purchase any shoe on display at the adidas showrooms (Havelock Road, Majestic City, Crescat Boulevard and Rajagiriya) until December 6.

At the end of the promotion the old shoes will be handed over to the Athletic Association of Sri Lanka to be distributed among deserving athletes in rural areas of the country. Former Sri Lankan cricketer Roshan Mahanama and National track and field star Rohan Pradeep Kumara were the chief guests.

Representing the AASL were Gen. Secretary of the Athletic Association of Sri Lanka Prema Pinnewale and the Managing Director of Hameedia Fouzul Hameed.

Spice and sizzle with HSBC credit cards

The popular HSBC ‘Dine Free’ promotion has been reintroduced to take HSBC Premier, Platinum, Gold and Classic cards on a journey of gastronomical delights, at the World Spice Food Festival 2009.

HSBC cardholders will be invited to a gourmet dinner cuisines prepared by culinary experts flown in from around the world. The promotion which coincides with the World Spice Food Festival, will offer cardholders up to 50 percent discounts on dinning deals when they patronise 18 Colombo based hotels and restaurants during the promotion from November 9 - 14. HSBC credit cardholders were entitled to a 10 percent offer at the World Spice Food Festival special event at the Galle Face Green from November 6 - 8.

CDC launches special diabetes package

The Ceylinco Diabetes Centre (CDC) has launched a comprehensive diabetes package and will conduct several promotions this November for the benefit of visitors in recognition of World Diabetes Day and Diabetes Month.

The special diabetes package comprises of a Diabetes Risk Assessment, a complete physical examination with height and weight check and computation of Body Mass Index (BMI), a complete foot examination, Fasting Plasma Glucose test, HbA1C test, lipid profile (including total cholesterol, triglyceride, HDL, LDL, VLDL tests), urine test for Micro Albumin and eye consultation.

The package also includes a session with a diabetic educator who would provide visitors with expert guidance on how to avoid or delay the onset of the disease and maintain a healthy life style with regular exercise and diet.

Each visitor will also receive a special diabetes gift pack containing snacks, vitamins, footcare cream and a hand towel.

There will also be surprise treats for visitors to the Centre on the World Diabetes Day, 14th of November.

In addition, members of the ‘Sweet n Fit’ Club, the loyalty club of the Ceylinco Diabetes Centre will receive a discount of Rs. 500 as a gift voucher to obtain this special diabetes package.

MBSL launches Kapruka savings scheme

Gayan Kanchana

A subsidiary of Merchant Bank of Sri Lanka (MBSL) MBSL Savings Bank launched its first children’s savings scheme Kapruka last week in Colombo.

MBSL Group Chairman Janaka Ratnayake said, “The specialty of this savings scheme is that parents and guardians benefit.

The new children’s savings scheme Kapruka is for children up to 22 years. The depositor (parent/guardian) on behalf of the child would receive a free insurance policy to cover the payment and in the event of death or permanent disability.

Spending on children’s education today is a huge task for parents. The cost of education is increasing daily. The Kapruka savings scheme will assist parents, said MBSL PLC MD Gamini Karunathilake.

“The benefit of the product falls into three categories. MBSL Marketing and Product Development Manager Nayani Costa said, “The benefit of the product falls into three categories - Kapruka Bilindu, Kapruka Lama and Kapruka Yowun. Under the kapruka Bilindu which is upto five years, parents get a percentage for the child’s school admission. Under the Kapruka Lama when the child gets through the grade five scholarship examination the parents also get a percentage for new school admissions.

Children over 18 years will get a monthly payment until twenty-two,” under the last stage of the kapruka Yowun.

Safeguard Adult - Diapers

While the topic of adult diapers is a delicate issue, one that many of us would rather not consider, the fact is that adult diapers - or briefs - is an incredidble product that offers convenience for both patients and care givers and is becoming increasingly common not only amongst the elderly but anyone who suffers from medical conditions that restrict their freedom with regard to using the washroom independantly.

Incontinence is a subject that is not often talked about, however it is very common.

Millions of people suffer from this problem. Those who experience incontinence and other conditions which prevents control of their bladder movements, make use of Adult Diapers.

In addition to beind used for incontinence, Adult Diapers are also used by people who are physically and mentally challenged. Adult Diapers are also know as adult briefs or fitted briefs. They are made up of many layers of either cloth or towel fabric, or a similar material that absorbs liquid.

While adult diapers are made in various forms, including those resembling traditional child diapers, underpants, and pads resembling sanitary napkins (known as incontinence pads), Adult Diapers are a cross between the traditional diapers and underpants for ultimate convenience and comfort.

The benefits of an adult diaper is seldom discussed. Once understood, patients, especially the elderly will recognise the product for the benefits of independence, specially hygiene and comfort the product offers.