People's Bank presents gifts to children's account holders

The People's Bank will present gifts to all Isuru Udana and Sisu Udana account holders throughout this month to mark World Children's Day which fell on October 1.

The People's Bank has one of the highest number of children's savings accounts in the country, offering high interest rates and benefits.

The Isuru Udana account was introduced for children below five years while the Sisu Udana account was introduced to inculcate the savings habit among children above six years.

The two account groups has been successful in inculcating the savings habit in a large number of students. The student's savings centres in schools around the island also accounts for one of the largest student savings centre networks.

The emphasis that the People's Bank places on children's savings accounts is based on the understanding that children are the future of a nation and need to be nurtured with good habits.

Isuru Udana account holders who make a deposit of Rs. 1,000 to Rs. 1,000,000 this month will receive gifts such as teddy bears, colouring books, children's song books, pencil boxes, lunch boxes, crayons, school bags, building blocks, and melodicas among many other gifts along with gift vouchers worth Rs. 10,000.

Sisu Udana account holders who make a deposit of between Rs. 1,000 to Rs. 1,000,000 will receive gifts such as caps, exercise books, table clocks, school bags, umbrellas, lunch boxes, wristwatches, rain coats, dictionaries, encyclopedias, calculators and pen drives, along with Peoples' Gift vouchers worth Rs. 10,000.

Isuru Udana and Sisu Udana account holders also have the opportunity of converting their children's savings accounts to the Young Executive Savings accounts when they reach 18. Students can also obtain education loans to further their tertiary education.