People’s Bank opens school banking unit with a CDM at Dharmaraja College – Kandy

People’s Bank, with the aim of enabling students to experience digital banking, unveiled a school banking unit at Dharmaraja College, Kandy, recently, which consists of an NFC enabled Cash Deposit Machine as well. Present on the occasion were Mr. Jagath Karunaratne, Mr. K. M. R. Konara Narampanawa, and Mrs. Renuka Premathilaka, Deputy Principals of Dharmaraja College, Kandy, K. B. Rajapaksa – Senior Deputy General Manager – Retail Banking and D. M. D. Dissanayake – Regional Manager, People’s Bank Kandy Region; and Assistant Regional Managers, Janaka Jayasinghe – Branch Manager, Kandy; along with Bank Staff, teachers and a large number of students.

The objective in installing the school banking unit is to allow students to conduct transactions safely using digital technology, while encouraging the savings habit. People’s Bank hopes to strengthen the savings habit amongst the students, thereby instilling a skill that can brighten their futures. Bank has been inculcating the savings habit among school children since 1971, and successfully installed the very first school banking unit at Ananda College, Colombo in 2018.

With the help of the school banking unit, students are able to deposit funds into their Sisu Udana accounts without the hassle of paperwork, and check their account balance. Students also receive a handy NFC card which can be used as a student ID card that displays their name, photograph, and student ID number which can be used to deposit money.