Sampath Bank has upgraded its Pubudu Children’s savings scheme, with the gift vouchers to the value of up to Rs. 50,000.
Originally launched some years ago to help parents fulfill their dreams for the financial future of their children, Sampath Pubudu accounts were designed to provide positive reinforcement for long-term thinking and to inculcate responsible financial habits. Planned in partnership with Abans, Singer and the Sarasavi Bookshop, the changes to Sampath Pubudu take those incentives to a new level.
Your child’s Sampath Pubudu account balance determines the value of the gift voucher you receive, redeemable at Abans, Singer and Sarasavi Bookshop outlets islandwide.
“The idea behind the Sampath Pubudu savings accounts is to drive home a simple, powerful message that a child can understand: it pays to keep your money where it will grow safely and securely at attractive rates of interest,” said Senior Deputy General Manager - Digitalisation, Deposit Mobilization and Marketing, Sampath Bank, Tharaka Ranwala.
“This encourages disciplined financial behaviour and teaches your child the value of acquiring responsible habits at an early age - the earlier the better. Sampath Pubudu is based on the underlying principle of deferred gratification. It’s an important life skill--acquiring the will-power to resist the temptation of a smaller reward now to receive a far greater reward later--that has been the foundation of many a famous fortune,” he said.