NDB Bank Vishmitha Savings offers a loan with zero interest
Among NDB Bank’s wide-range of savings products is Vishmitha Savings
- an innovative product exclusively offered by NDB Bank. Vishmitha
Savings was introduced in 2007 offering its customers the benefits of
obtaining an interest free loan, after the completion of one year.
It was the first time in Sri Lanka, that a savings account of this
nature was introduced. NDB Bank believes that through Vishmitha, its
customers will not only be able to achieve the long-term goals for which
they save up for, but this will also enhance their lifestyles as
Vishmitha gives its customers the option of taking an interest free loan
up to 75 per cent of their average savings balance after one year.
The higher the account balance, the higher the loan option, while the
available savings balance receives full interest even while the loan
It also offers a super high interest rate with no restrictions on
withdrawals. The initial deposit to open a Vishmitha Savings Account is
The loan facility will be available every year. The loan is repayable
in 12 equal monthly instalments by depositing money into the savings
account. The minimum loan one can apply for is Rs. 5,000/-.
If the loan is obtained against the savings account, an amount
equivalent to the average balance will be held under lien until the loan
is fully settled. The same account can be operated over the under lien
amount to carryout usual transactions. That’s not all, with Vishmitha;
it also offers its customers to a visa enabled ATM/Debit card which
gives access to their account through over 1000 Visa enabled ATM’s
across the island.
It’s also important to remember that once the habit of savings is
developed you will find that it comes easier to you and it can provide
peace of mind, since you know that you will have a backup in difficult
NDB Bank believes its “Vishmitha” Savings Account is dramatically
reducing the pressure on the customer unlike traditional savings as it
enables its account holders spend while saving for tomorrow.
Don Mahisha Supipi of St. Andrew’s College, Puttalam was one of the
three highest scorers in the Grade 05 Scholarship exam 2008 with a total
f 183 marks.
Commercial Bank Puttalam Branch took the initiative of granting a
cash award of Rs 25,000 along with valuable corporate gifts to Mahisha.
Here (from left) are Manager Puttalam Branch Kosala Kolamunna, Senior
Regional Manager Risijaya Srikantha, Commercial Bank handing over the
cash award to Mahisha at a special ceremony at the school.
Also present were Principal of St. Andrews’ College Sr Tricilda
Fernando and Chandra Fernando, mother of Mahisha.
With the objective of promoting excellence in education while
encouraging the habit of saving among the younger generation, Arunalu
Childrens’ Savings Account of Commercial Bank has granted over Rs. 30
lakhs to over 175 students last year alone. In addition to earning a
high rate of interest on their accounts, children having balance of at
least Rs. 5,000 win attractive cash prizes based on school and district
levels results under the Arunalu Childrens’ Savings Account of
Sampath Bank opens new branch in Wellawaya
Chairman Sampath Bank Arthur
Senanayake hoisting the National Flag at the ceremonial
The latest addition to Sampath Bank’s electronically linked branch
network is located at Kumaradasa Mawatha, Wellawaya. This branch,
centrally located in the Wellawaya town strives to provide superior
banking services to many customers who reside and who traverse this
transit township in their day to day business.
The opening of the new Sampath Bank branch has indicated a new era of
banking services and facilities to the community in the area which
consists of customers from many walks of life such as civil service,
agriculture, fisheries, brick manufacturing, poultry, timber and other
small, medium and large industries.
Sampath Bank is a timely and favourable solution to the increase in
demand for banking service in the area due to the development of
industries. With the modern branch being opened the bank aims to sustain
the development of the area by providing the much needed banking
solutions with a greater quality of service.
Sampath Bank - Bigger and better in Wariyapola
Minister of Rural Industries and Self
Employment, S.B. Nawinna declaring the bank open at the
auspicious time. Incumbent CEO, Sampath Bank Anil
Amarasuriya is by his side.
With a view of providing a superior level of services and
conveniences to their customers, the Sampath Bank branch in Wariyapola
has been relocated to a central location at the Nawinna Office and
Shopping Complex in Kalugamuwa Road, Wariyapola.
The new branch is geared with state-of-the-art automations and
multiple counters that provide faster and better service with
enthusiastic service personnel who are always at hand with a smile to
serve their customers.
Facility to open and operate current accounts, carry out
international trade transactions, obtaining of business loans, higher
ceiling for personal deposits, withdrawals and credit card payments,
expedited service for loan application are some of the benefits offered
at the new full- fledged branch.