People’s Bank Vanitha Vasana Account rewards champion woman power

Wednesday, 9 March 2016 00:00 -     - {{hitsCtrl.values.hits}}

Women are the backbone of society and play myriad important roles – as daughters, wives, mothers, employees and entrepreneurs. Their contribution to their families and the companies they work for, or own, is invaluable. In Sri Lanka, women constitute a vital part of the workforce, making their presence felt in every sector of the economy. While at the senior level they are present in board rooms, at the other end of the spectrum, they are establishing cottage industries which are prospering into dynamic SMEs and giving their families hope for a brighter future.

Uplifting customers to the next stage of development for decades, People’s Bank has long been a champion of women and their potential. Its portfolio of products and services demonstrates a strong focus on women specific benefits that has supported the emergence of women in society.

In keeping with this positive track record, People’s Bank has once again announced a multitude of benefits for women to commemorate International Women’s Day on 8 March by extending amazing offers via the Vanitha Vasana Money Planner. The bank has declared the duration between 1 March to 31 May as the ‘Vanitha Vasana Savings Trimester’, during which women opening Vanitha Vasana Money Planner investment plan accounts will receive unimaginable benefits such as attractive interest rates, credit cards and a host of other benefits. 

The bank offers investment plans of Rs. 10,000, Rs. 25,000, Rs 50,000, Rs. 100,000, Rs. 250,000, Rs. 500,000 and Rs. 1,000,000, with the values devised based on the amount invested over a year. A Vanitha Vasana Money Planner account may be opened with as little as Rs. 928 and any number of such accounts can be opened by a single customer during the promotional trimester.

Once the first month’s deposit is made, the account must be credited in equal instalments over the next 11 months. For example, an investment plan of Rs. 10,000 would entail an initial deposit of Rs. 928 and deposits of Rs. 800 each over the next a11 months. 

Vanitha Vasana Money Planner was conceptualised as an effective tool to provide financial independence backed by the security of a strong state bank such as People’s Bank. The benefits offered by this promotion encourage women to save and before too long they amass a substantial savings which holds them in good stead in time to come. 

By encouraging women to deposit modest sums, the VanithaVasana Money Planner promotes the savings habit and demonstrates to women the power of owning a savings account that works for their financial prosperity. The structure of the account also demonstrates the fact that People’s Bank champions women and their potential with an attractive investment plan for their success.

Moreover the bonus interest rate scheme has been introduced to the Vanitha Vasana account which indicates net balance growth within the Vanitha Vasana campaign period from 1 March to 31 May. The net balance growth or lesser balance than net growth during the period should be maintained up to 31 December, in order to entitle for this slab wise bonus interest payment under this system you receive an interest rate of 6% per annum by gradually increasing your balance to Rs. 500,000 of your Vanitha Vasana account during 1 March to 31 May. An increase thereafter entitles you to a per annum interest rate of 6.25.

Start your ‘Money Planner’ Investment plan or deposit Rs. 10,000 to the Vanitha Vasana account today and receive a 10% discount on Singer Kitchen Appliances as well as fans and irons. 

On reaching a balance of Rs. 15,000 account holders are automatically eligible for People’s credit cards for greater convenience. 

The Vanitha Vasana account and Money Planner investment plan accounts can be opened at any of the People’s Bank’s 735 branches island-wide. More information can be obtained by calling 0112481482/618.