Pan Asia Bank’s, scholarship program started five years ago to recognise top performers at the year 5 scholarship examination,was recently enhanced to further encourage students to excel at this examination.
The revised scholarship scheme offers students in the top three island ranks cash prizes of Rs. 100,000 Rs.75,000 and Rs. 50,000 respectively. Additionally, students among the top five ranks in each district will get Rs.10,000 each.
Pan Asia Bank’s Assistant General Manager Branch Credit and Deposit Mobilisation, Mr Shiyan Perera, said that “These scholarships which were being granted by the bank for the past few years have paved the way for many deserving students across the country, particularly those from outstation areas, to pursue quality education and realise their true potential. I am confident that the new enhanced financial rewards program will further strengthen this endeavour.”
These scholarships are offered to children having Children’s Savings Accounts at Pan Asia Bank prior to the examination. Pan Asia Bank currently offers two value added Children’s Saving Account schemes, Daskam and Mithuru. Daskam offers an additional 10% deposit on top of each and every customer deposit until the child reaches the age of 12 and a high interest rate of 8% (8.33% A.E.R.) on the total balance which is calculated daily and credited monthly. As the account balance increases“Mithuru” offers gifts which are designed especially for children to use daily.