Prarthana

What's the best gift you can offer to a child?

Every child undertakes a long journey to adulthood, and along the way, he or she needs financial resources for his/her education, and for important landmarks in life. That's why a "Prarthana" Savings Certificate from the National Savings Bank will come in handy for a smooth, financially secure transition to maturity. NSB "Prarthana" Savings Certificates enable you to build a fund for your child's future for a relatively small sum of money.

What makes a Prarthana Savings Certificate a big gift for a little one?

With NSB "Prarthana", your child stands to have Rs.5,000/=,10,000/=, 25,000/=, 50,000/= and 100,000/= at maturity. And yet, all you have to pay is a small percentage of its full value, to purchase the Certificate. The "Prarthana" Children's Savings Certificates are designed to mature when the child reaches 16 years of age, at which point your child can withdraw, the entire value in lump sum. Now isn't that a gift of lasting value?

If your child wishes to enhance the amount received, he/she can re-invest the money in fixed deposits.

What are the advantages of "Prarthana"?

Plenty, for a start, even if the percentage of interest drops, NSB promises to pay the full face value of the Certificate at maturity, however if, the percentage of interest increases to a higher range.

How can you gift a Prarthana Children's Savings Certificate?

As this is a gift designed primarily for children under 16 years of age, you can gift your Savings Certificate to the parents or guardians of the children. Prarthana Savings Certificates are available at any NSB branch.

Here's how it works

If you purchase a "Prarthana" Certificate on the day your child is born, the following chart indicates the purchase price and amount at maturity.

Purchase price ( At Birth )	Value (At age of 16)
Rs. 27,109.67	100,000.00
Rs. 13,554.83	50,000.00
Rs. 6,777.42	25,000.00
Rs. 2,710.97	10,000.00
Rs. 1,355.48	5,000.00

(The purchase value has been computed on the basis of interest rates as at 07.09.2010)

Purchase price of the certificate may vary according to the changes in the rate of interest and the age of the child but the face value will remain unchanged.

New Value addition

• Winners of quarterly draw will be offered an additional "prarthana" certificate which the face value is double that of the original certificate

100% Government guarantee applicable for 'Prarthana" Certificates.

For more details contact NSB Call Centre- ( +94 11 2379379 ) 24 Hour Service