Laksetha from Lankaputhra Development Bank

Lankaputhra Development Bank (LDB) has introduced the Laksetha Savings account and the Laksetha Fixed Deposit for senior citizens to mark International Children's Day and Elders Day which fell on October 1.

The Laksetha Savings Account offers an attractive interest rate and vouchers for health benefits depending on the balance in the account. In addition, the account holder can issue standing orders to elders homes and charitable organisations free.

A Laksetha Fixed Deposit can be opened by depositing a minimum of Rs 100,000. A high interest rate is offered and 90% of the deposit value could be obtained as instant loan. The deposits are fully protected as the Bank is a government-owned development bank.

Lakmuthu Diriya Udana and Lakmuthu Children's savings accounts were launched by the bank to inculcate the savings habit among children and an account can be opened by depositing a minimum of Rs 100.

According to the balance in the account the children get attractive gifts. Account holders could also get discount cards to purchase books from Sarasavi and Godage Bookshops.Lakmuthu Diriya Udana school savings program will be held at selected schools as a social responsibility project. Under this program, encouraging parents and children to save, supporting the schools and developing the skills of the students will be undertaken by the bank. On October 1, branch managers conducted awareness programs at selected schools to mark World Children's Day.