‘Start saving with BOC’s special deposit schemes for a secure tomorrow’

There has never been time where citizens could come to a common understanding that the success of an individual strongly depends on foreground of the country’s economic development projection. And inadvertently the development of any community or country strongly depends on individual contribution and values upheld by all such individuals. Addressing the pressing need to promote thrift and saving habits among Sri Lankans, the country ‘s No.1 Bank, Bank of Ceylon strongly encourage all citizens to engage with the banking stream in whatever way possible to build up their individual savings along with day-to-day thrift habits.

Among number of deposit schemes, Bank of Ceylon ‘100 Days Investment Scheme’ has emerged as one of the unique and popular savings proposition among its customers and within the banking and financial industry. It offers a compelling value preposition to earn high and secure returns on investments within a period of 100 days. The bank has been continuously improving the deposit product with a view to extend the benefits of this unique investment opportunity to a larger population, while enhancing the benefits of this industry pioneering deposit product to its customers. Accordingly, this has been relaunched under three investment plans starting from a minimum deposit of Rs.500,000. The three investment plans includes Rs.500,000 to Rs. 1,499,999, Rs.1,500,000 to Rs.2,499,999 and above Rs.2,500,000. The short-term investment opportunity present a rare opportunity for the public to gain the maximum benefit of the prevailing high interest rate by simply placing their idling-money or savings that gives lower return. Further, it also act as a cushion for the public to protect the real value of their money under the current high inflationary environment.

Similarly, Bank of Ceylon has come up with ‘200 Days Investment scheme’ which can be opened with a Rs.500,000 minimum deposit comes with attractive returns and other benefits. The public can subscribe to ‘200 Days Investment scheme’ in three investment plans that includes Rs.500,000 to Rs. 1,499,999, Rs.1,500,000 to Rs.2,499,999 and above Rs.2,500,000 in order to enjoy higher short-term return on their investments with guaranteed security for their deposits.

For the investors who are looking to make higher returns over a longer time period, ‘BOC Double Your Investment’ offers to double the investment within just four year period. With a minimum of Rs.1,000,000 investment, the public can join this scheme to double their investment at the end of four-year maturity period. Therefore, ‘BOC Double Your Investment’ in no doubt is the most attractive investment proposition for such investors for highest-yielding secure returns.

In addition, these deposit holders also have the opportunity of borrowing up to 90 percent of the deposited amount in this scheme, within the maturity period in order to meet unexpected and urgent fund requirements.Bank of Ceylon, Deputy General Manager (Branch Operations and Development Banking), Priyal Silva emphasized that innovative deposit products are critical to cultivate and promote savings among the public in order to elevate their own financial well-being as well as the country’s future economic outlook. “By placing their hard-earned savings in one of these special saving schemes, our customers will have the opportunity to successfully emerge out of the current economic crisis and continue to calibrate to their life aspirations. At a macro scale, I believe such innovative deposit scheme will contribute to elevate the economic outlook of the country,” he said.