Hatton National Bank (HNB) in partnership with the Pensions Department introduced ‘Sathkara’, a unique product with a host of exclusive benefits and privileges for pensioners.
The Sathkara product will offer pensioners the convenience of having all their identification details/data in a secure internationally accepted payment card issued by HNB and the benefit of having access to the best senior citizens account in the market with a number of benefits which include the highest interest rates on savings, insurance cover for hospitalization, special loans for self-employment projects and special discounts from a wide range of partner hospitals and vendors.
This unique product pays homage to pensioners who have made an important contribution towards Sri Lanka’s development by serving the nation tirelessly for the better part of their lives
Pensions Department Director General Sunil Hettiarachchi commenting on the new product offer stated that it would greatly benefit a large number of pensioners around the country.
“As the leading social services provider in Sri Lanka, we have joined hands with HNB, a bank with a rich history of over 126 years, to introduce Sathkara. The cutting-edge digital technology utilized by this novel product will certainly improve the quality of life of over 500,000 pensioners in the country.”
The benefits of HNB Sathkara include an additional interest of 1 percent for savings accounts and 0.5 percent for fixed deposits over and above the prevailing rate, special loans up to Rs.100,000, gift vouchers up to Rs.10,000 and priority treatment at HNB Customer Centres. The product focuses on the healthcare needs of pensioners as well by offering privileges such as reimbursement of hospitalization expenses up to Rs.70,000 and special discounts from reputed hospitals, medical institutions and renowned organisations.
HNB Managing Director /CEO Jonathan Alles said that this product is an extension of HNB’s belief in presenting customers with the best and the most beneficial financial solutions. He further stated, “HNB Sathkara will offer senior citizens in Sri Lanka who are pensioners the payment card issued by one of the most trusted and stable commercial banks in Sri Lanka. In addition, they will have access to the best senior citizens account in the market and a dedicated HNB service counter operational on five days of the week at the Pensions Department providing them access to the best of HNB banking solutions.”
These benefits and privileges can be obtained through a pension ID card combined with the debit facility. The photo identity of the owner on the surface of the card is linked to a bank account for the pensioners to withdraw money. Since it is powered by a strong international card association, pensioners can use this card for purchases around the world. The card is NFC convenience of having all their identification details/data in a secure internationally accepted enabled, which allows the Pensions Department to electronically store all data about the pension holder in the card itself for speedy transactions.
HNB is a premier private sector commercial bank with the largest branch network among private sector commercial banks, spread across the length and breadth of Sri Lanka and caters to all segments of the market through its diverse product and service offering.
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