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| Sunday, 9 November 2003 |
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| News Business Features Editorial
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Fixed deposit scheme for elderly people by Pelham Juriansz Ceylinco Savings Bank (CSB) has introduced 'Acharya', a fixed deposit scheme, for those in the 55-70 age group. According to CSB's General Manager and CEO, Aswin De Silva, this scheme will enable the elder population in the country to cash in on some benefits in the twilight of their lives. "In time to come, we will have an aged population and we need to take adequate measures to ensure that they are properly looked after. Presently, 14 per cent of the population or about 2.5 million people are over 55, and two million are over the age of 60." "In future, with advancements in Science, there is a possibility for life to be prolonged and then we will end up with an ageing population that needs to be looked after. It would need particular care on our part to cater to their needs. That is why CSB has come up with a fixed deposit scheme for Sri Lankans over 55. You can invest in 'Acharya' and relax. Customers are also visited at their doorstep. The added facility is that there is free membership for those who join the scheme in the SWIFT medical scheme that provides ambulance and nursing services, mobile investigation services and mobile physiotherapy and a mobile pharmacy. An E-Channelling facility is available islandwide and can be obtained from SWIFT which will entertain appointments via the telephone to channel any consultant in four medical centres in Colombo," said de Silva. The scheme will enable Sri Lankans between the ages of 55 and 70 years to open an account with a minimum deposit of Rs 200,000 either individually or jointly. Those over 52 years can join the scheme as joint applicants for a minimum period of one year. Account holders will receive a monthly interest of 1.5 per cent or more than the normal fixed deposit accounts rate annually. Another attraction will be the festival advances that will be available in April and December. Acharya account holders will receive priority service at the bank. They will also be entitled to have their monthly interest payments delivered to their homes, in case they are unable to collect it due to illness. |
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