Bank of Ceylon launches '3G Savings'

The Bank of Ceylon (BoC), launched '3G Savings' recently to commemorate its 74th anniversary.

'3G Savings' allows a customer to link three generations of a customer's family (the '3G' concept) - customer's parents, children and him or herself and to save when the customer shops and spends.

This allows a customer to save and set aside money to care for a his loved ones. This feature could be activated through any BoC branch and customers could make deposits from their current or savings accounts to any BoC savings account specially BoC Ran Kekulu Children's savings account and BoC Senior Citizens account. This facility could also be used to donate money to charities or to those who need financial support in a small way.

Any customer who maintains a savings or current account with BoC and holds a BoC Debit Card is eligible to register for this facility. The use of cards also promotes a cashless society.

When a customer purchases goods or obtains services by using his or her BoC Debit Card, the purchased amount will be debited to the account immediately and thereafter the amount would be rounded up to the nearest Rs. 100 or its multiples as decided on by the customer at the time of registration.

The difference between the rounded up amount and shopping bill would be sent to accounts nominated by the customer.

The minimum transfer amount is Rs.10. Alternatively, a customer has the choice to decide on a fixed amount to be transferred to the desired account. In that case the debit card transaction would be debited as usual and when the transaction is completed the amount will be transferred to the desired account on the following day. This is confined to accounts maintained in Sri Lankan rupees.