Pan Asia Bank introduces Daskam Children's SA
Pan Asia Bank, known for its innovative line of banking products, has
come up with yet another unique savings account for children called
"Daskam Children's Savings Account" which offers unparalleled benefits
to the account holder.
Daskam Children's Savings Account which aims to provide maximum
support to a child when he/she enters adulthood and faces life's real
challenges such as higher education, marriage etc., and offers a unique
"deposit for a deposit" feature that helps them grow the account
balance. Under this feature, for every customer deposit that is made to
the account, the bank makes an additional deposit to the value of 10% of
the customer deposit.
To make the balance grow even faster, the bank then pays an
unbeatable annual interest of 8% (AER 8.33%) on the total balance. The
interest is calculated on a daily basis and credited to the account at
the end of every month. Parents can enjoy the benefit of receiving
additional 10% deposit from the bank for any number of deposits they
make, until the child turns t 12 years.
For example, if a customer deposits Rs.100,000 to a Daskam Children's
Savings Account, Pan Asia Bank will make an additional deposit of
Rs.10,000 to that account immediately and then commence calculate
interest at 8% (AER 8.33%) on the total balance of Rs.110,000.
The main idea behind Daskam Children's Savings Account is to provide
a stable financial foundation for children when they turn 18, instead of
offering them short term benefits via a gift scheme that might leave
them with a comparatively lower account balance and few gifts that may
be of limited use when they grow up.
With the introduction of Daskam Children's Savings Account, Pan Asia
Bank has enabled parents to make a responsible choice for their
children's future that would help them face life's real challenges with
confidence and reach their full potential.
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