Pan Asia Bank enhances Year 5 schol benefits

Pan Asia Bank, which introduced a scholarship program three years ago to recognize top performers at the Year 5 scholarship examination, recently enhanced that scheme to further encourage students to excel at this examination.

Based on the revised scholarship scheme the students who are placed among the top three island ranks will be presented cash prizes of Rs. 100,000, Rs.75,000 and Rs. 50,000. Students who are among the top five ranks in each district will receive Rs.10,000 each.

Pan Asia Bank's DGM, Marketing and Card Products, Nalaka Wijayawardana said, "These scholarships which were being granted by the bank for the past few years have paved the way for many deserving students across the country, particularly those from outstation areas, to pursue quality education and realize their true potential. The new enhanced financial rewards program will further strengthen this endeavour."

These scholarships are offered to children who have opened up a Children's Savings Account at Pan Asia Bank before the examination date.

Pan Asia Bank currently offers two distinct value-added Children's Saving Account schemes.

The Daskam Children's Savings Account offers an additional 10% deposit on top of each and every customer deposit until the child reaches the age of 12 and a high interest rate of 8% (8.33% A.E.R.) on the total balance.

The Mithuru savings account offers valuable gifts as the account balance increases.