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Amana Bank Launches Senior Citizen’s Savings Account

Amana Bank October 1, 2013

As a mark of respect towards the senior citizens of the country, Amana Bank introduced its very own Senior Citizen's Savings Account on 1 October 2013 coinciding with World Elder's day.

Commenting on the new account, the Bank's Vice President Consumer Banking and Strategic Marketing Mr Siddeeque Akbar said "We believe that growing old should be seen as rewarding and that is why we are happy to offer this special savings account with a bouquet of benefits and added conveniences."

The Senior Citizen's Savings Account can be opened with a minimum deposit of Rs. 1,000/- at any of the Bank's branches located islandwide. Other than benefiting from a higher profit sharing ratio, the account holders will also be eligible for a Free ATM card which has access to 500+ ATM's islandwide and gift vouchers to be redeemed at selected hospitals and bookshops. A special identification card and a Senior Citizen's Saving Account passbook will be provided to all account holders. The account can be opened for individuals above 55 years of age.

Powered by the stability and the support of its strategic shareholders Bank Islam Malaysia Berhad, the Islamic Development Bank based in Saudi Arabia and AB Bank in Bangladesh, the Bank is focused on capitalizing the growing market potential and demand for this unique banking model across the country.

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