ComBank Arunalu rewards Year 5 scholarship achievers

The Commercial Bank of Ceylon will reward high achievers at the forthcoming Year 5 scholarship examination among its Arunalu Children's Savings Account holders.

The Bank annually presents cash rewards of Rs 10,000, Rs 7,500 and Rs 5,000 to Arunalu account holders who achieve the highest, second highest and the third highest marks at this examination.

The Bank also doubles the Arunalu account balance up to a maximum of Rs 50,000, of any eligible account holder who achieves the highest marks in his or her district, at the Year 5 scholarship examination.

"Over the past seven years, Commercial Bank has paid over Rs 24 million in prizes to more than 2,000 Arunalu Children's Savings Account holders who met the eligibility requirements. This year, the scholarship examination is scheduled to be conducted on Sunday, August 26, according to the Department of Examinations," a spokesman for the Bank said.