BOC Ran Kekulu Awards successfully concludes offering 2000 Scholarships for Grade 5 high-flyers

Bank of Ceylon Chairman/ President’s Counsel Ronald C. Perera and CEO/ General Manager Senarath Bandara handing the scholarship offer letter, certificate and the Gold Medal to a student. CFO/ DGM Corporate and Offshore Russel Fonseka, DGM Sales and Channel Management C. Amarasinghe, CMO Dr. Indunil Liyanage and AGM Marketing Priyanthi Wijesekera are also in the picture

Two thousand high-flyers of 2018 Grade 5 scholarship examination were felicitated by the Bank of Ceylon’s “Ran Kekulu Scholarships 2018” at ceremonies conducted islandwide. 

The main ceremony concluded with glamour at the BMICH Colombo, and nine other similar events were also held in each province on the same day with the participation of respective students and their parents. The main ceremony was held with the participation of the bank’s Chairman/ President’s Counsel Ronald C. Perera as the Chief Guest by invitation of the CEO/ General Manager Senarath Bandara. 

Furthermore, 25 disabled students who have passed the Grade 5 scholarship examination 2018 were offered scholarships worth Rs. 15,000/- on the 22 February; there will be a monthly grant of Rs. 1000/- till the student passes their O/L examination. Six of these students were felicitated at the main ceremony held at BMICH Colombo. This additional commitment was undertaken by the bank in good faith to assist youngsters with special needs with that extra strength they need to achieve life ambitions. 

On the part of its CSR initiatives, the bank conducts scholarship programs, for both Grade 5 and A/L examination high-flyers who have excelled in their respective exams to appreciate the courage and dedication shown by students to become scholars, and thereafter commit to the economic development of the country. 

The bank has been conducting this program since 2002, offering higher education scholarships to achievers across the nation. This scholarship offer is available for Ran Kekulu (RKG) account holders, as part of the many other benefits that are lined up together with the account. In order to become eligible for this special value addition, RKG account holders must maintain a minimum balance of Rs. 5000/- on the day before 2018 Grade 5 scholarship results are released.  Two thousand exceptionally performing students, based on the marks received at the examination, were selected from the pool of eligible applicants.  

Ran Kekulu accounts always carry an additional 1% above the normal interest rate. This account is also linked with free life insurance cover for the parent or guardian to a maximum of Rs. 500,000/- (minimum balance of Rs.5000/- should be maintained for a period of six months or more prior to the incident). Any parent or guardian who opens Ran Kekulu accounts for more than one child will be covered up to a maximum of Rs. 1 million. The child will also get a free medical insurance cover up to Rs. 100,000/- per annum in the event of an accident or 10 specified critical illnesses requiring hospitalisation in a private hospital for more than one night (minimum balance of Rs. 5000/- should be maintained for a period of six months prior to the incident/illness). In case of being admitted to a Government hospital requiring hospitalisation for more than three nights, the insurance cover would be Rs. 600/- per day, for a maximum period of 30 days (conditions apply).