Ran Kekulu

Children’s Savings Account

  • Ran Kekulu is the children’s savings account specially designed for the parents who wish to offer a better future for their children. Ran Kekulu account can be opened at any Bank of Ceylon branch island wide by a parent or a guardian for their children below 18 years

 

RanKekulu Account Offers

  • Higher interest rate than the normal savings accounts
  • Medical Insurance cover for the account holder
  • Life insurance cover for parent/guardian
  • Scholarships for grade 5 scholarships winners   

 

At the age of 18 years to the child

  • Account will automatically be transferred to 18 plus category

 

Terms and Conditions

  • Bank of Ceylon holds the right to change, add or revise any condition and facilities offered for the Accounts
  • It is advisable tocontact your nearest BOC branch or our Call Centre on 011 220 4444 for the latest information and prevailing terms and conditions

 

 

 

 

1. Higher rate of Interest

Offer 1% higher interest rate than the normal savings account

 

2. Medical Insurance cover for Account Holder

  • Medical insurance cover up to Rs. 100,000/- per annum is provided in case of accident or 10 critical illnesses.
  • Private Hospital: Actual expenses incurred up to a maximum of Rs: 100,000/- if admitted for 1 night or more
  • Government Hospital: Rs: 600.00 per day for a minimum of 3 days and maximum of 30 days
  • Terms & Conditions:

- Minimum balance of Rs.5000/- should be continuously maintained for a minimum period of 6 months before hospitalization

- Claims to be submitted to the bank within 5 months of the incident

 

3. Life Insurance cover for Parent/Guardian who opened account

  • 10 times of the balance upto a maximum of Rs. 500,000/- will be paid at the death(Natural/Accident) / Permanent Disability (due to accidents only) of  the Parent/Guardian
  • If the parent/guardian has opened RKG accounts for more than 1 child, maximum of 3 children, they will be eligible for the life insurance cover upto a maximum of Rs. 1Million.
  • Terms & conditions:

- Only the parent/ guardian who opened the account will be eligible for the life insurance cover.

- Minimum balance of Rs.5000/- should be continuously maintained for a minimum period of 6 months before the death of parent/guardian

- Claims to be submitted to the bank within 5 months of the incident

 

4. Scholarships for Grade 5 Scholars

  • 3 Scholarships will be provided - ​Island Best, 2nd and 3rdstudents
  • 2000 Scholarships for the top talent in Grade 5 Scholarship - Scholarships of Rs. 15,000/- will be provided for the best scholars
  • Terms & Conditions:

​- No special conditions are applied

- Minimum balance of Rs.5000/- need to be maintained on the date of examination

Following documents are required at the account opening

  • Original birth certificate of the child together with a photocopy (Original will be returned to the customer by the bank)
  • National Identity card of the parent or Guardian
  • Address proof (If not residing in the same place mentioned in NIC)

 

For more information contact the nearest Bank of Ceylon Branch.

* Conditions apply