Unlocking a Bright Future for Sri Lanka’s Children with DFCC Junior Children Savings Accounts
October 3, 2023
Unlocking a Bright Future for Sri Lanka’s Children with DFCC Junior Children Savings Accounts
On this World Children’s Day, DFCC Bank honours the dreams and aspirations of the future generation of Sri Lanka. It is a day to celebrate the innocence, potential and boundless creativity that children bring to our lives. But it is also a day to remember the importance of securing their future, and there is no better way to do that than by teaching them the value of savings from an early age – and beginning that journey for them as early as possible.
The Importance of Savings for Children
Financial literacy is a precious gift that parents and guardians can bestow upon their children. Teaching kids about saving and financial responsibility sets them on a path to financial security and independence. DFCC Bank understands the significance of this early nudge in the right direction, and that is why we have introduced a slew of new benefits and features to our DFCC Junior Savings Accounts, creating an avenue where saving becomes an adventure.
Unlock Extensive Benefits
With DFCC Junior Savings Accounts, we have gone the extra mile to make saving exciting and rewarding for kids. Our accounts offer a wide variety of benefits, including:
- Gift Vouchers: from reputed merchants ensuring savings translate into tangible rewards.
- E-Gift Vouchers: from over 110 merchants across the Island, exclusively with DFCC Junior.
- Value Credit Scheme: Through our Value Credit Scheme, your gift amount is credited directly to the account, helping your child achieve their goals.
- DFCC Junior Reward Schemes:We celebrate every milestone on your child’s journey. From Grade 5 Scholarships to O/L Examination achievements and their 18th Birthday, our reward schemes offer cash rewards of up to LKR 100,000.
Types of Junior Children Saving Accounts
DFCC Bank offers two types of Junior Saving Accounts:
- DFCC Junior Savings Account: 1.The ideal choice for young savers looking to start their journey towards financial independence.
- DFCC Junior Plus Saving Account: For those seeking the highest interest rates for savings, with an impressive 10% p.a. interest rate for balances of LKR 1 million and above.
Our Commitment to the Future Generation
At DFCC Bank, we are deeply committed to nurturing the future generation of Sri Lanka. Throughout the year, we organise activities such as art competitions, like our creative till competition, and educational programmes, such as our Grade 5 Scholarship Seminar programmes, all aimed at encouraging learning and creativity among children.
We have partnered with Magic Bit/STEM (Science, Technology, Engineering and Mathematics) education providers and introduced learning tools to practice programming, coding, and robotics for DFCC Junior account holders. This makes saving even more rewarding, helping kids achieve their academic goals. This move also aligns with DFCC Bank’s Sustainability Strategy, which advocates for a skilled, financially literate populace to foster sustainable economic growth over the long term.
Aasiri Iddamalgoda, Senior Vice President of Retail Banking and SME at DFCC Bank, explains further, “We understand that cultivating a habit of saving from a young age is essential for a prosperous future. Through our enhanced DFCC Junior Accounts and their exciting benefits, we aim to empower parents and guardians to pave the way for their children’s financial and academic success. Our reward schemes indicate our commitment to nurturing the aspirations of the next generation while appealing to them in a way they will enjoy and in a way that is educational, allowing them to explore their abilities.”
Plan Your Child’s Savings Journey with DFCC Bank
This Children’s Day, let us pledge to provide our children with a gift that will last a lifetime – the gift of financial knowledge and responsibility. Motivate your children to save with their DFCC Junior Accounts and increase their balances to unlock the subsequent junior gift slabs.
DFCC Bank is here to support you in this mission, ensuring that every child in Sri Lanka can build a secure financial future. We can shape a brighter tomorrow for our children and our beloved country.
For more information about DFCC Junior Accounts and their enhanced benefits, or to open an account, please visit Junior Account walk into any DFCC Bank branch, or call 011 2 350 000 for 24/7 live customer support.
About DFCC Bank
DFCC Bank is a full-service commercial bank with a rich history of 68 years and offers a diverse range of commercial and development banking services. As part of its Sustainability Strategy 2020-2030, the Bank aims to become a leading institution contributing to greater resilience by creating resilient businesses and supporting green financing and sustainable, socially responsible entrepreneurship.
The Bank has received numerous accolades, including being named the ‘Most Trusted Retail Banking Brand’ and the ‘Best Customer Service Banking Brand’ in Sri Lanka in 2021 by Global Brands Magazine UK and ‘Market leader in Cash Management 2021’ by Euromoney. Additionally, DFCC Bank is ranked among Business Today’s Top 40 Corporates in Sri Lanka, is rated A- (lka) by Fitch Ratings Lanka Limited and is regulated by the Central Bank of Sri Lanka.
Attesting to its commitment to sustainability, DFCC Bank is also the first, and presently only, entity in Sri Lanka to have received accreditation from the Green Climate Fund (GCF), granting it access to concessionary funding worth USD 250 million to support climate mitigation and adaptation projects across the Island.
