People’s Bank offers Grade 5 students an opportunity to win valuable scholarships through its Sisu Udana savings account. Students who hold a Sisu Udana savings account with an account balance of Rs. 5,000 and scores higher than the district cut-off marks at the Grade 5 Scholarship exam are eligible to apply for the Sisu Udana scholarship scheme. Deputy General Manager, Retail Banking of People’s Bank, Lionel Galagedara said, “People’s Bank introduced Sisu Udana savings account in 1994 with the objective of inculcating the good habit of saving among children – the future of our nation – and also to build a secure future for them.”
“Since its inception, we have taken steps to offer higher interest rate for the account holders in addition to awarding valuable prizes and benefits. Sisu Udana scholarship program has been implemented continuously since 2008. People’s Bank also sponsors a series of island-wide seminars for Grade 5 scholarship students every year, aiming to enhance their knowledge,” he said.
“People’s Bank not only supports children who sit for Grade 5 Scholarship exam but also awards cash prizes to high flyers of the GCE Ordinary Level and Advanced Level examinations. The People’s Bank is totally committed to support the tertiary education of our young account holders while supporting them to build a stable future,” Galagedera said.
He said that those who are eligible for Sisu Udana scholarship program should visit the respective People’s Bank branch where they maintain a Sisu Udana account and submit a duly filled application form.