Seylan Shakthi 4 years fixed deposit
A monthly income is what housewives and retired wish for. If it gives out monthly utility vouchers to settle utility bills (water, electricity etc.), the scheme would be considered the perfect solution for many minor problems which become a quite a big headache at the end of each month.
"Seylan Shakthi", a four year fixed deposit scheme introduced by Seylan Bank Limited in September 2000 is the solution that many have sought. This fixed deposit scheme increases your monthly income while bringing down your monthly bills.
One could open a "Seylan Shakthi" a 4 year fixed deposit with a minimum deposit of Rs. 100,000/- . "Seylan Shakthi" offers a good interest rate either monthly, annually or at maturity.
During the first year, the customer receives 0.1% of the deposit value as monthly utility vouchers to pay utility bills (water and electricity). Therefore, customers will receive 12 utility vouchers for the first year. This will intern increase the customer income. The utility vouchers are given in addition to the interest rate.
The interest income can be transferred to a savings account and once the account balance reaches Rs. 20,000/- and maintained for a minimum of 6 months, the customer will be entitled to enjoy the benefits of "Merit Rewards" Scheme.
We mainly target lottery winners, self-employed persons, retired persons and anyone, who wish to have a monthly income. "Seylan Shakthi" will be the ideal scheme for these segments of the society as they will be satisfied with their returns.
Once a customer contracts with the bank, he/she will receive the promised interest rate and it will not be subjected to any change, even if the rate goes down. Therefore, the customer will benefit by receiving a high interest rate even if the rates are low in the market.
"Seylan Shakthi" will turn interest into income very month or give a high rate every year or at maturity. Seylan Bank is the first bank to introduce this four-year fixed deposit scheme and "Shakthi" Scheme has received a good response. "Seylan Shakthi" boasts a large deposit base and has shown tremendous success up to date.
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