Sun, 20 Jun 2021 Today's Paper

ComBank’s ‘Arunalu’ rewards country’s brightest young students

15 October 2015 03:04 am - 0     - {{hitsCtrl.values.hits}}

A A A


Commercial Bank’s Deputy General Manager Marketing Hasrath Munasinghe presents a cash prize to Master Kavishka Wanigasekara of Maakura Primary School in Malmaduwa 


Academic achievements have won three young students the approbation of Sri Lanka’s largest private bank, which presented them with Rs 375,000 in cash prizes recently.

The Commercial Bank of Ceylon presented the three top achievers at the 2015 Year 5 scholarship examination with these rewards under the aegis of ‘Arunalu’ – the Bank’s signature Savings Account for Children – which is designed to motivate and support student aspirations.

Two of the three students received Rs 100,000 each in recognition of their feat, while the third received Rs 175,000 by virtue of being an Arunalu account holder and qualifying for a higher prize under the Bank’s eligibility criteria.

The Bank said all other eligible Arunalu prize winners will be presented with their prizes at branch level in due course.   

Launched in 1991, Arunalu is Commercial Bank’s key savings account for children of the school going age. The cash prize scheme introduced in 1998 is now the largest year 5 Scholarship cash prize scheme in the country, with an educational support scholarship scheme for children who are placed 1st, 2ndand 3rd island-wide each year.

In 2013, Commercial Bank’s Arunalu Children’s Savings Account paid Rs 4 million in cash rewards to 575 students placed first, second and third in their respective schools at the Year 5 scholarship examination. This was in addition to nine students who were placed first, second and third in the island at that examination. In 2014, 563 students received Rs 5.3 million from the Bank under the scheme.

Offering an interest rate of 6.5 percent per annum, ‘Arunalu’ is considered the best Children’s Savings Account in Sri Lanka. Besides rewarding students who shine at the national level, the Arunalu Children’s Savings Account presents attractive cash prizes annually to account holders who are the top scorers at the Year 5 scholarship examination in every school, while District winners holding ‘Arunalu’ accounts are given a cash prize of Rs. 50,000 each.

‘Arunalu’ accounts can be opened for children below 18 years of age at any of Commercial Bank’s branches island-wide.
See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment


Statistical blunders expose administrative weaknesses

Information helps save lives and during a pandemic a free-flow of vital, accu

Vavuniya tusker’s demise DID TOO MANY ‘COOKS’ SPOIL JUMBO’S RECOVERY?

On June 11 Sri Lanka lost another one of its magnificent tuskers that succumb

Life and Times of Dynamic “Thamby” Arumugan Thondaman

Thamby”in Tamil means younger brother. It is also used widely as a pet name



See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.