BoC launches gift scheme for students

The Bank of Ceylon (BoC) has introduced a gift scheme for Year One and pre-school admissions.

This program has been launched in addition to the other benefits linked to the Ran Kekulu account. The bank offers tills, story books and exercise books under this gift scheme.

Apart from the gifts there is a 'Cash-to-Cash' incentive up to a maximum of Rs. 500 where the bank will credit a sum equivalent to the sum deposited to the Ran Kekulu account.

The offer ends on January 31.

The Bank of Ceylon Ran Kekulu account will give your child an additional interest rate of 1%. This account is also linked with free life insurance cover for the parent or guardian to a maximum of Rs. 500,000 (minimum balance of Rs. 5,000 to be maintained for six months prior to the incident).

Any parent or guardian who opens BoC Ran Kekulu accounts for more than one child will be covered up to a maximum of Rs. 1 million.

The child will also get free medical insurance cover up to Rs. 100,000 per annum in case of accident or 10 specified critical illnesses needing hospitalisation more than three nights (minimum balance of Rs. 5,000 should be maintained for six months before the incident).

BoC Ran Kekulu account holders are also entitled to slab-based gifts for special birthdays based on the balance in the account.