|
|
|
  |
| Sunday, 20 February 2005 |
 |
|
 |
Business |  |
| News Business Features Editorial
|
HNB launches Ranmasu The premier savings giant, the National Savings Bank (NSB) Non-Resident Foreign Currency (NRFC) accounts market will operate with the launching of the "Ranmasu" accounts scheme, recently. Initially "Ranmasu" NRFC accounts can be opened in US Dollars (USD) and the Bank also plans to extend to other designated currencies as well, NSB Chairman Cyril Herath said. He said that the Central Bank has approved its entry into this business after many years of struggle. He said that inward remittances in the form of Bank Drafts, International national Money Orders, Mail Transfers, Telegraphic Transfers, Electronic Transfers and Travellers cheques and designated foreign currency notes brought into Sri Lanka by account holders are accepted as deposits in the new accounts. The NSB has a deposit base of Rs 185 billion mobilised from Sri Lankan nationals living in Sri Lanka through its network of 112 branches and a network of 5,000 post offices and sub post offices, Herath said. The NSB has a range of deposit and loan products to meet the financial needs of people in different segments of society who are living and working abroad," he said.
|
|
| News | Business | Features
| Editorial | Security
| Produced by Lake House |
