There has never been a time when citizens could come to a common understanding that an individual’s success is highly dependent on the forefront of the country’s economic development projection. And, inadvertently, the development of a community or a country depends heavily on the individual contribution and the values held by all these individuals. Responding to the pressing need to promote savings and savings habits among Sri Lankans, the country’s No. 1 bank, Bank of Ceylon, strongly encourages all citizens to engage in the banking stream in any way possible to build up their individual savings over the days. savings habits today.
Among the number of deposit schemes, Bank of Ceylon ‘100 Days Investment Scheme’ has become one of the unique and popular savings propositions among its customers and within the banking and finance industry. It offers a compelling value preposition to achieve high and secure returns on investment within 100 days. The bank has continuously improved the deposit product with a view to extending the benefits of this unique investment opportunity to a wider population, while enhancing the benefits of this industry-leading deposit product for its customers. As a result, this has been revived under three investment plans starting from a minimum deposit of Rs.500,000. The three investment plans include Rs.500,000 to Rs. 1,499,999, Rs.1,500,000 to Rs.2,499,999 and more than Rs.2,500,000. The short term investment opportunity presents a rare opportunity for the public to make the most of the prevailing high interest rate by simply investing their idle money or savings which are yielding a lower return. Furthermore, it also acts as a cushion for the public to protect the real value of their money in today’s high inflation environment.
Similarly, Bank of Ceylon has come up with a “200 Day Investment Program” which can be opened with a minimum deposit of Rs 500,000, with attractive returns and other benefits. The public can subscribe to the “200 Days Investment Programme” in three investment plans which include Rs.500,000 to Rs. 1,499,999, Rs.1,500,000 to Rs. benefit from a higher short-term return on their investments with guaranteed security for their deposits.
For investors looking to earn higher returns over a longer period of time, “BOC Double Your Investment” offers doubling the investment in just four years. With a minimum investment of Rs.1,000,000, the public can join this program to double their investment at the end of the four-year maturity period. Therefore, “BOC Double Your Investment” is undoubtedly the most attractive investment proposition for these investors for safe and high-yield returns.
In addition, these deposit holders also have the option of borrowing up to 90% of the deposited amount in this program, during the maturity period to meet unforeseen and urgent fund requirements. Bank of Ceylon, Deputy Managing Director (Branch Operations and Development Banking), Priyal Silva emphasized that innovative deposit products are key to cultivating and promoting public savings to improve their own financial well-being as well as prospects. future economy of the country. “By placing their hard-earned savings in one of these special savings plans, our clients will have the opportunity to successfully emerge from the current economic crisis and continue to adapt to their life aspirations. On a macro scale , I believe that such an innovative deposit system will help improve the country’s economic prospects,” he said.