BOC to offer 2000 Ran Kekulu scholarships

18 December 2015 06:30 pm - 0 - {{hitsCtrl.values.hits}}

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Sri Lanka’s No.1 children’s savings account Bank of Ceylon (BOC) Ran Kekulu offers 2000 scholarships each worth of Rs.10,000 for 2015 grade five scholarship achievers for the 14th time.

This annual programme is one of the bank’s key corporate social responsibility (CSR) programmes to uplift the country’s education by supporting and encouraging school children to make an extra effort in their studies. So far the bank has awarded and recognized 12600 students since 2002. Maintaining a minimum balance of Rs.2500 in a BOC Ran Kekulu account on or before the date of the scholarship examination, which fell on August 23, 2015, and score 175 marks or above fulfilled the eligibility for the BOC Ran Kekulu scholarship.

All other BOC Ran Kekulu account holders who have passed the 2015 scholarship examination will be eligible for a valuable gift provided they too have maintained the said minimum balance requirement. Further, as part of this sustainability initiative, the bank conducts the ‘Hapana’ programme, an islandwide project that supports and encourages students to pass the grade five scholarship examination. This programme is conducted at provincial level with the assistance of the Education Ministry.

BOC Hapana is also another strategic CSR project of BOC in line with the bank’s CSR strategy to uplift the country’s education. The bank has been involved in this CSR programme since year 2000 and has coached over 650,000 students. It is noteworthy that this programme not only aims at students but it is also aimed parents to coach them on how to prepare their children for examinations by improving their mental wellbeing. BOC sincerely takes pride in being able to provide assistance to future leaders of the country in the best possible way it can. BOC maintains over 3,000 school savings units in selected schools covering all parts of the country.

These units are managed by the students themselves with the help of the nearest BOC branch. This project aims at inculcating the savings habit and giving first-hand experience to youngster in banking to build a sustainable thrift culture in Sri Lanka.

Ran Kekulu accounts always carry an additional 1 percent above the normal rate. This account is also linked with free life insurance cover for the parent or guardian to a maximum of Rs.500,000 (minimum balance of Rs.5000 should be maintained for a period of six months or more prior to the incident). Any parent or guardian who opens Ran Kekulu accounts for more than one child will be covered up to a maximum of Rs.1 million.

The child will also get a free medical insurance cover up to Rs.100,000 per annum in the event of an accident or 10 specified critical illnesses requiring hospitalization in a private hospital (minimum balance of Rs.5000 should be maintained for a period of six months prior to the incident/illness). In the case of being admitted to a government hospital the insurance cover would be Rs.600 per day, for a maximum period of 30 days.

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BOC to offer 2000 Ran Kekulu scholarships

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