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By Pradeep Sudarshana

The National Savings Bank (NSB) introduced its latest Savings scheme "Friends" to coincide with World Thrift Day on October 31." In a bid to inculcate the savings habit among people we are launching another important savings account "Friends" and it is targeted at any group from infancy to adulthood. The new savings scheme will also bring a permanent life-long income to those self-employed, pensioners and would secure a child's future", said E. Narangoda, General Manager National Savings Bank at a media briefing at the Trans Asia Hotel on Thursday evening.

A person over 18 years is eligible to open this account with a minimum of Rs. 100 or in multiples of it. The significance of this account is that once the target deposit amount is made a person can claim a monthly income equivalent to the initial deposits made per month.

Sunil Perera DGM Marketing said that since the word friends itself cut across all barriers such as age, race and sex, the bank decided to name this savings account "Friends" and the saving scheme can also be opened in a friend's name.

The Friends savings scheme will be launched on October 31 at all savings banks islandwide.

Anil Rajakaruna, Working Director, Jagath Gamanayake, Assistant General Manager Marketing and several others also participated.

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Copyright 2001 The Associated Newspapers of Ceylon Ltd.
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