Financial Times

HNB re-launches senior citizens' account scheme
Hatton National Bank has re-launched the senior citizens’ account scheme with a host of new features after the previous scheme ran into difficulties due to fluctuations in interest rates.

The new scheme is also for those who are aged over 55, said HNB's deputy general manager for personal banking, Chandula Abeywickrama. Account holders will enjoy benefits such as payment of hospital bills, self-employment loans as well as discounts and special offers.

Other benefits include priority treatment at branches, free quarterly cheque books, credit cards free of joining fee, waiver of service charges on current accounts, free cashline card gift vouchers to open Singithi Minor Savings accounts for grand children, and free membership at Ceylinco Swift Care, which entitles member senior citizens to a number of medical facilities.

HNB will also pay its account holders' hospital bills. Under the Health Plus Scheme members who are between the age of 55 and 70, maintaining a savings or a term deposit of Rs.500,000 are to receive a free health cover. Depending on the deposit maintained Health Plus will pay up to Rs.10,000 per day for up to seven days for hospitalisation.

The Senior Citizens account holders special "Business Aid" category will identify skilled individuals between 55-60 years of age who wish to start a self-employment project of their own to keep themselves occupied and earn some extra income after retirement. The chosen applicant will receive a loan of up to Rs.100,000 which will be payable within four years. (LA)

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