Planning and saving for the future is always a taxing task that involves multiple uncertainties. Whatever your reason for saving, whether it is for short-term or long-term purposes, it is always important to be prepared. Therefore, to cater to the needs of the public and master the skills of saving, NDB Bank offers its customers the NDB Savings Planner. The Savings Planer is a risk-free option with a guaranteed rate that allows customers to manage their finances by accommodating their individual goals. It also provides them with a holistic perspective of their finances and helps them set realistic goals, which in turn allows for a detailed step-by-step plan for realizing said goals.
Considering the current turbulent economy, saving and effectively managing your finances is paramount, especially when preparing for the future. While the vast majority practice some form of financial planning or have identified the need for it, they may not necessarily know where to start.
Contrary to popular belief, you do not have to be a stereotypically high-earning professional or a financial expert, nor do you have to have extravagant goals or plan ahead for prolonged periods of time to start saving. Your purpose for saving will vary depending on your finances and objectives. You may want to start saving to pursue your higher education, purchase your dream vehicle, plan the perfect wedding, or save up for your life insurance. Your savings plan can also target more immediate requirements, such as purchasing a phone or laptop, braces for your child, or even going on that vacation that has always been put off.
NDB’s savings planner is designed to help you craft plans to make your goals and aspirations achievable within a time frame of your choosing. The bank offers savings plans ranging from Rs. 250,000 to Rs. 10 million for periods of 1–10 years.
You are able to decide on a monthly commitment that is affordable to you while simultaneously monitoring the growth of your savings through e-statements and the bank’s mobile banking platform, NDB NEOS. Additionally, the initiation consists of a simple documentation process where you will be guided and advised on which plan is most suitable for your lifestyle, job, and future goals. Moreover, the Bank offers savings plans for 1-18 years for children, so that parents can effectively plan and support their child's education and future.
Furthermore, the NDB Savings Planner also serves as a form of passive income that will mitigate your financial vulnerability. Also, seeing your hard-earned savings steadily grow over time is a great confidence booster that will encourage financial independence.
NDB Bank is the fourth-largest listed commercial bank in Sri Lanka. The Bank was recently named the Retail Bank of the Year (Sri Lanka) at Asian Banking & Finance Retail Banking Awards 2023 and the Best Corporate Bank 2023 by Asiamoney and also emerged as the Most Awarded Corporate in Sri Lanka in 2022 for the second consecutive year, as per the annual rankings of Sri Lankan publication LMD. The Bank was adjudged the Best Bank in Sri Lanka 2022 by Global Finance USA and Euromoney in their annual best bank awards programmes. Additionally, The Bank was named one of the "Top 50 Best Workplaces in Sri Lanka 2022" by Great Place To Work, USA. NDB is the parent company of the NDB Group, comprising capital market subsidiary companies, together forming a unique banking and capital market services group. The Bank is committed to empowering the nation and its people through meaningful financial and advisory services powered by digital banking solutions.