People’s Bank inaugurates School Banking Unit with CDM at Mahamaya Girls’ College

A student inaugurates the People’s Bank School Banking Unit with Cash Deposit Machine (CDM) while Banking Operations Senior Deputy General Manager Boniface Silva presents an award to another

Driving forward its mission to digitally empower the nation along with the objective of introducing the digital banking experience to Sri Lankan schoolchildren, People’s Bank launched a School Banking Unit complete with an NFC-enabled Cash Deposit Machine (CDM) at Mahamaya Girls’ College, Kandy.

Mahamaya Girls’ College Principal H. Senadeera, Vice Principals, Banking Operations Senior Deputy General Manager Boniface Silva, Kandy Regional Manager D.M.D. Dissanayake, Assistant Regional Managers, Kandy Branch Manager Janaka Jayasinghe, the staff of People’s Bank, teachers from Mahamaya Girls’ College and a large number of students were present at the inauguration ceremony.

The objective of setting up this School Banking Unit is to allow schoolchildren to familiarise themselves with banking conveniently and in a secure manner using digital technology, while also nurturing the saving habit in them. People’s Bank believes in inculcating the saving habit in all children which can pave the way towards a brighter future. Having pioneered introducing the saving habit to Sri Lanka’s schoolchildren back in 1971, People’s Bank launched the country’s first School Banking Unit with a CDM at Ananda College, Colombo 10 on World Children’s Day 2018.

The People’s Bank School Banking Unit offers the students of Mahamaya College an array of services including the facility to deposit coins and cash into their Sisu Udana accounts, make balance enquiries as well as make deposits without any banking slip. Additionally, an NFC card designed incorporating the school colours that can also be used as a School ID Card was issued. It displays each student’s information such as name, photo and admission number and is the only item required for students to make deposits.