Nations Development Bank (NDB) New Year gift is introducing the 'Salary Max' Current/Savings account, a novel scheme designed to help account holders to maximise the returns on their monthly salary and the latest addition to NDBs gamut of rewarding options to benefit the country’s salaried individuals.
Specially designed for salaried individuals, NDB Salary Max comes with a host of value additions that promises bright prospects for the ambitious salaried professionals and executives.
NDB Salary Max account holders will be encouraged to open a Real Saver Account to facilitate mandatory savings thus inculcating a savings habit.
Through this combined account offering, NDB motivates the account holders to manage their salary better, by maintaining the Salary Max current/ savings account as a transaction account while a desired portion of the salary could be transferred to the Real Saver account where it will accrue bonus interest and grow into a savings fund.
"With the launch of NDB Salary Max, we are proposing a new formula for saving to help the salaried individuals to make the most of their monthly earnings,” said Indrajit Wickramasinghe, Chief Operating Officer of NDB commenting on Salary Max.
Most people have the desire to save but struggle to do so because they either lack the discipline to set aside a savings portion monthly or follow an imprudent mechanism. NDB has observed that the common approach followed by many is to first cover expenses and then try to save what is remaining of the salary. This approach is bound to fail since, having frequent access to excess funds will only encourage more spending and thus there will be very little left to save towards the end of the month, noted Indrajit.
“To this end, NDB Salary Max is a fail-safe proposition that persuades account holders to save first in an account that is not accessed frequently, while retaining the balance in the transaction current/savings account that could be easily accessed via ATMs, internet banking facilities as well as a free cheque book in the case of current accounts," added the COO.
Stressing that amassing national savings is a passion that NDB has been pursuing for several years, with a vision to build a nation of savers that contribute to the growth and stability of the country's economy, COO Indrajit added that as a bank dedicated for national development, NDB believed that it is the bank’s responsibility to encourage savings not only in monetary terms but also in the form of responsible consumption of resources.
“The 'Ithiri karamu, apihademu, rata hadamu' national savings drive initiated by NDB in 2011, spread the message of saving to people of all walks of life, extending the savings thought process much beyond monetary terms to inspire people to eliminate wastage in their day to day lives,” pointed out Indrajit.
“In furtherance of this initiative and with a strong belief that the habit of saving is essential in taking the country towards prosperity, we have been continuously introducing novel savings accounts and propositions to the public. NDB Salary Max is the latest addition to this gamut of rewarding options that is sure to benefit the salaried individuals in Sri Lanka," observed the COO Indrajit Wickramasinghe.
Some Note
- NDB Bank not indicates Interest / Other income growing so many of them thinks this design as current Account and motive the Saving through Real Saving Account.
NDB Salary Max
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