Bank of Ceylon in celebration of 76th Anniversary to reward babies born in August

In celebration of the bank’s 76th Anniversary, Bankers to Nation – Bank of Ceylon will reward babies born in the month of August with cash rewards. This promotion is valid for babies born between 1 to 31 August. 

To be entitled to this gift scheme, a Ran Kekulu account should be opened for the new born by the parent or guardian on or before 30 September with an initial deposit of Rs. 1,000 or more. For every deposit from Rs. 1,000 to Rs. 1,999 a cash reward of Rs. 150 will be credited to the Ran Kekulu account. In the same way for a deposit from Rs. 2,000 to Rs. 2,999 a cash reward of Rs. 250, from Rs. 3,000 to Rs. 4,999 a cash reward of Rs. 500 and for a deposit of Rs. 5,000 and above a cash reward of Rs. 1,000 will be offered accordingly.

This offer comes along with an array of benefits that are attached to the Ran Kekulu account. Ran Kekulu accounts always carry an additional 1% above the normal 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. 5,000 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 (minimum balance of Rs. 5,000 should be maintained for a period of six months prior to the incident/illness). In case of being admitted to a government hospital the insurance cover would be Rs. 600 per day, for a maximum period of 30 days.

The Bank of Ceylon earned global recognition as one of the top 1,000 banks in the world, (Country rank No.1) as listed by ‘The Banker Magazine’ (UK) respectively in 2012, 2013, 2014 and 2015. The bank claimed its award as the only Sri Lankan brand recognised as one of Asia’s Best Brands in 2013 by the Chief Marketing Officer’s Council (CMO Council) based in Mumbai, India. Brand Finance Lanka ranked Bank of Ceylon as the country’s No. 1 brand for the last seven consecutive years. 

The bank has passed exceptional milestones in recent years such as becoming the first to gain over Rs. 1.0 trillion assets. BOC has over 1,000 customer touch points covering all parts of Sri Lanka. Focusing on the bank’s achievement, Fitch Rating Lanka ranked the Bank of Ceylon at AA+(lka) which is the highest rating awarded to a local commercial bank and ICRA (lk) awarded AAA rating which is the highest credit quality rating issued by ICRA Lanka. Bank of Ceylon maintains international presence with branches in Chennai, Male, Seychelles and a subsidiary in London.