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Amana Bank Children’s Savings Gift Fiesta is back

Business News: Owing to the resounding success and overwhelming customer response it has had in the previous years, Amãna Bank has once again introduced its highly rewarding Children’s Savings Grow Your Balance Gift Fiesta for the year 2020. The promotion which will run through 1 January to 31 December is held under the theme ‘Grow it as they grow’, where attractive gifts will be rewarded based on new funds deposited to the account during the promotion period.

Amãna Bank Children’s Savings Account gifts promotion has been a significant promotion in the market for the past several years. This promotion provides not only higher returns but also rewards children at progressive milestones for accumulating their savings during the promotion period. While this contributes to building a savings habit amongst the children, it also provides the parents an opportunity to build a fund for their children that would be available when the child is 18 years old.

Children who grow their accounts by Rs. 5,000, Rs. 15,000, Rs. 40,000 or Rs. 75,000 will have over nine exciting gift options to choose from, with a single child having the opportunity to walk away with four different gift items in total. In order to obtain the gifts there should be an active standing order in place to the children’s savings account. The gifts include Home Gardening Kit, Archery Set, Kids’ Basket Ball with Ring, Golf Set, Kid’s Microscope, Kitchen Play Set, Art Easel, Foldable Table and Engineering Tool Kit. Further, the Bank is also availing special gift items such as bikes, book vouchers, tabs, hoover board and watches for one-off deposits of Rs. 250,000 and above.

Commenting on the promotion the Bank’s Head of Deposit Mobilisation Arshad Jamaldeen said, “Amãna Bank has always been in the forefront of fostering the habit of savings among children, especially through our Grow Your Balance Children’s Savings proposition. The gift items on offer will not only be enjoyable but also educational as it encourages skill development. Through this promotion Amana Bank will provide parents a great way to save towards the future of their children. Parents or guardians may contact us on 011 7 756 756 or walk in to our nearest branch for more information regarding the promotion.”

Towards encouraging parents to save for their children from an early age, Amãna Bank is also rewarding Rs. 500 preloaded Children’s Savings Accounts for new born children up to the age of two.

Amãna Bank’s focus on children is not only limited to its savings accounts, but also extends to the Bank’s CSR focus, which is aligned to cater to the social upliftment needs of children in the areas of Health and Education with the special attention towards orphans. Amãna Bank’s flagship CSR venture OrphanCare, which was launched in the beginning of 2019, continues to make headway and has so far benefitted over 2,500 orphan children in the country, irrespective of their race, ethnicity or religion.

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. With the mission of Enabling Growth and Enriching Lives, the Bank reaches out to its customers through a growing network of branches and Self Banking Centres spread across the country while having access to 4000+ ATMs for withdrawals and 700+ Pay&Go kiosks for deposits.

Customers can also benefit from an array of customer conveniences such as Internet and Mobile Banking, Debit Card with SMS alerts, Online Account Opening, 365 Day Banking, Saturday Banking, Extended Banking Hours, 24×7 Cash Deposit Machines and Banking Units Exclusively for Ladies.