People’s Bank inaugurates Sri Lanka’s first-ever School Banking Unit

Forging ahead in its mission to digitally empower the nation, People’s Bank established Sri Lanka’s first-ever ‘School Banking Unit with CDM’ at Ananda College, Colombo 10, which was ceremonially declared open by People’s Bank CEO/General Manager N. Vasantha Kumar. The event was witnessed by Ananda College Colombo Principal S.M. Keerthirathne along with the corporate and executive management teams of People’s Bank and teachers and staff of Ananda College. 

The objective of this school banking unit is to extend banking facilities to students for enhanced convenience and safety, while inculcating the savings habit. People’s Bank has a strong track record in providing every child with a bright future by encouraging excellence and cultivating the savings habit. The bank takes this mandate seriously and has popular children’s accounts which offer amazing benefits.

Commenting on the occasion, People’s Bank Renuka Jayasinghe, Deputy General Manager (Process Management and Quality Assurance) said: “People’s Bank is pleased to inaugurate the School Banking Unit at Ananda College. One of the important segments of our customer base are students and we pride ourselves on the fact that People’s Bank is the preferred bank parents recommend to their children to save for their future. Having our Banking Unit located within the school premises will offer unimaginable convenience to both students and parents. 

We believe this step will empower children with understanding of the banking process and instil the habit of saving for the future.”

The People’s Bank School Banking Unit offers students of Ananda College a variety of services such as the facility to deposit coins and cash to their Sisu Udana accounts; make balance enquiries; no banking slips; issue a handy NFC card with student name, photograph, admission no, etc.), especially designed with respective school colours which can also be used as school ID. Students will only need the NFC card for making deposits.

In over five decades of its operations, Sri Lanka’s premier banking institution, People’s Bank, has proved that it is an institution close to the common people in the island of Sri Lanka, with a special emphasis on children, who are the future of the nation. 

This is why the bank offers special accounts and services that encourage students to plan for higher education and a promising future.

The bank’s consistent customer and community-centric approach has helped it drive innovation and customise products and services that have the maximum impact to enhance lives, all the while being a driver of financial inclusivity. As the bank celebrates its 57th year of successful operations in 2018, it can look back with pride at a rich legacy of truly being a bank of the people.