For the first time in Sri Lanka, from the Non-Bank Financial Institution (NBFI) sector, People’s Leasing and Finance PLC (PLC) has made arrangements to launch a fixed deposit for minors’ in line with World Thrift Day 2022.
In order to inculcate the habit of saving among the people in Sri Lanka, PLC as the pioneer in the NBFI sector introduces “Senehas Minors’ Fixed Deposit” and it has been specifically designed for the children below 18 years of age with many features such as a minimum deposit of Rs. 10,000 for maturity interest paying deposits and Rs.100, 000 for monthly interest paying deposits, interest payable at maturity or monthly, maturity interest paying 12 months to 60 months. The very special feature in Senehas Minors’ Fixed Deposit is a Parent or a guardian will be able to open any number of deposits on behalf of the Minor and the interest can be transferred to Minor savings account maintained at PLC, Bank or other financial institution. Apart from the said benefits, “Senehas Minors’ Fixed Deposit has been initiated to obtain higher interest rates for the Minors’.
Saving is not an option for people but a priority. Saving money is an important part of accumulating wealth and ensuring a stable financial future. PLC is focused on ensuring that all its customers share in the rewards of its success. PLC recognizes the importance of saving. As a result, PLC understands and focuses on the value of saving and made efforts to reward all of its customers for practicing this essential habit.
PLC has introduced “Senehas Minor Savings” and “Senehasa Future Investment Plan” for children ensuring several measures which assist parents to inculcate the saving habit while encouraging children to save further and make responsible spending choices. “The Senior Citizen Savings Account” and “Senior Citizen Fixed Deposit” is provided to senior citizens where they experience financially secure. PLC focuses on enlightening the lives of people. Without limiting to the Minor community and Senior citizen community PLC has introduced “Super Savings Account”, Fixed Deposits and “Premier Reward Investment Plan” to its customers to enjoy super savings with attractive interest rates with the best security.
Every year on October 31st, the globe commemorates World Thrift Day. The first international Thrift congress was held in Milan, Italy in order to raise awareness among people all over the world about the importance of saving money in a bank or a financial institution. Staying true to its name PLC has reached the milestone of completing 26 Years of excellent service and PLC looks forward to lending a financial helping hand to the nation.
People’s Leasing & Finance PLC is a leading Non-Bank Financial Institution in Sri Lanka and a subsidiary of People’s Bank, one of the largest State-owned banks in the country. Commencing operations in 1996 as a specialized leasing company, People’s Leasing was listed on the Colombo Stock Exchange in 2011. People’s Leasing has grown to become a diversified non-banking financial powerhouse with six subsidiaries in allied areas of specialization including a venture overseas in Bangladesh.