People’s Leasing introduces FD for minors | Page 2 | Sunday Observer

People’s Leasing introduces FD for minors

27 November, 2022

For the first time in Sri Lanka, from the Non-Bank Financial Institution (NBFI) sector, People’s Leasing and Finance PLC (PLC) has launched 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.

A special feature in Fixed Deposit is that a parent or a guardian could open any number of deposits on behalf of the minor and the interest can be transferred to a minors’ savings account maintained at PLC, Bank or other financial institution. Apart from the said benefits, Senehas Fixed Deposit has been launched to obtain higher interest rates for 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 recognises the importance of saving. As a result, PLC understands and focuses on the value of saving and makes efforts to reward all of its customers for practicing this essential habit.

PLC introduced ‘Senehas Minor Savings’ and ‘Senehasa Future Investment Plan’ for children with several measures which assists parents to inculcate the saving habit while encouraging children to save further and make responsible spending choices.  

Every year on October 31, the globe commemorates World Thrift Day. The first international Thrift congress was held in Milan, Italy 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 service and PLC looks forward to lending a financial helping hand to the nation.