People’s Bank turns 49 with awards program

by Shirajiv Sirimane

People’s Bank, voted by the prestigious A. C. Neilson as Sri Lanka’s most loved bank, would be turning 49 on July 1.

The bank set up by the then Minister of Trade T. B. Ilangaratne has once again initiated the presentation of awards to its loyal customers to mark the anniversary. The ‘49th anniversary Ithurum Patha’ (Savings Certificate) has been specially designed to mark the event. It would be presented in three denominations of Rs. 5,000, 10,000 and Rs. 100,000.

These Savings Certificates would be available at its 340 plus branches and Service Centers in the entire country including the North and the East and the IDP camps as well.

This novel certificate would give the customers an opportunity to win a grand prize of a two storied luxury house in the Western Province. In addition 700 Sovereign gold coins, too, would be given away as prize money during the six months promotion.

The draw which is expected to be held next February would be done via a computer ensuring each branch gets one Sovereign Gold Coin.

A customer who buys a ‘49th anniversary Ithurum Patha’ to the value of Rs. 50,000 and 100, 000 would get 10 and 20 counterfoils respectively. One of the unique features of this ‘49th anniversary Ithurum Patha’ is that interest would be provided and it could be encashed at any branch or used to open an account.

“Therefore the customer would benefit” said Deputy General Manager, Retail Banking, Dr. Nihal Ranjith Jayatilake.He said that bank staff would do a door to door campagain to market these certificates and would even go to the grass roots level in doing so.