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| Sunday, 27 February 2005 |
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NSB Ranmasu facilities The NRFC account scheme Ranmasu launched by the National Savings Bank (NSB) offers a host of facilities and among them are loans up to 90 percent of the deposit value, pre departure loan at a nominal interest rate, housing loans at concessionary rates of interest, provision to nominate a beneficiary, provision to transfer funds from savings to fixed deposit and the facility to obtain travellers cheques or bank drafts. The bank will hold an annual draw for all Ranmasu account holders and give away attractive prizes, Deputy General Manager and Marketing Sunil Perera said. Initially Ranmasu NRFC accounts can be opened in US Dollars (USD) and the Bank also plans to extend to other designated currencies as well. Inward remittances in the form of Bank Drafts, International Money Orders, Mail Transfers, Telegraphic Transfers, Electronic Transfers and Travellers cheques and designated foreign currency notes brought into Sri Lanka by account holders are accepted as deposits. NSB has a deposit base of Rs. 185 billion mobilised from Sri Lankans through its network of 112 branches and a network of 5,000 post offices and sub post offices. The bank is planning to open five branches this year while an ATM switch will be installed to link all ATM machines and more ATMs will also be installed. |
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