Increases bonus up to Rs 10,000 for 2021In appreciation of parents nurturing the habit of regular savings for their children by having a monthly standing order, Amãna Bank granted a year-end bonus to such qualifying children’s savings accounts based on their track record in 2020. Having launched the Standing Order Bonus promotion last year, the Bank rewarded over 2,000 children’s savings account holders who received a minimum of 10 continuous monthly standing orders from their parent or guardians accounts with a bonus equivalent to their standing order amount up to Rs 2,000/-. Speaking on the Children’s Savings bonus scheme the Bank’s Head of Deposit Mobilization Arshad Jamaldeen stated “Despite being a challenging time for many financially, our customers ensured their monthly standing orders for their children’s savings were active. Amãna Bank is the country’s first and only Licensed Commercial Bank to operate in complete harmony with the globally growing non-interest based people friendly banking model. Amãna Bank does not have any subsidiaries, associates or affiliated institutions, other than its flagship CSR project the ‘OrphanCare’ Trust.

Source: The Nation March 16, 2021 15:33 UTC