Ran Kekulu Smart

Ran Kekulu SMART Children’s Savings Account

Firming the wings of high flyers in tomorrow’s world, Bank of Ceylon dedicates to lay a solid foundation to secure your child’s financial future with Ran Kekulu Smart Children’s Savings Account, carefully identifying the contemporary requirements of the new generation and providing cutting-edge solutions with state of the art technology and benchmarking features.


Ran Kekulu SMART Account Offers 

  • Higher interest rate than the normal savings accounts
  • Medical Insurance cover for the account holder*
  • Life insurance cover for the account opening parent/guardian*
  • Scholarships for grade 5 scholarships winners  
  • Specially designed Electronic Card
  • Smart Passbook facility to view account balances and transactions
  • Free SMS Alert Facility

 *These benefits are offered for a limited period specified by the Bank time to time.


Eligibility to open an account

  • Parent /Guardian can open the account for any child resident in Sri Lanka below 18 years of age
  • A competent minor (between 16 and 18 years of age) may open an account for him/herself, without parents/guardian signature


At the age of 18 years to the child

Account will be automatically transferred to a youth savings account.


Terms and Conditions

  • Bank of Ceylon holds the right to change, add or revise any condition and facilities offered for the Accounts
  • It is advisable to contact your nearest BOC branch or our Call Centre on 1975 for the latest information and prevailing terms and conditions

Higher rate of Interest

  • Offer 1.5% higher interest rate than the normal savings account (Minimum interest is Rs. 5/- per month)
  • The interest margin may vary from time to time


Ran Kekulu Smart Insurance Scheme

       Surgical & Hospitalization cover for Account Holder

  • Hospitalizations due to accidents and 12 defined critical illnesses are covered
  • Benefits up to Rs.150,000/- per annum
  • Minimum balance of Rs.5,000/- should be continuously maintained for a minimum period of 12 months immediately prior to the incident. Higher benefits based on account balance
  • Should have been admitted in hospital for minimum 24 hours including one night


        Death (natural/accidental) and permanent disability (due to accidents )cover for the account opening Father/Mother/Guardian

  • Maximum of Rs.2.0Mn insurance cover
  • Minimum balance of Rs.50,000/- should be continuously maintained for a minimum period of 12 months immediately prior to the incident. Higher benefits based on account balance
  • The account opening parent/guardian is entitled to receive the benefits for maximum of 03 accounts opened by him/her


Terms & Conditions -

  • Insurance benefits are valid till 31.12.2023
  • Benefits offered may vary time to time
  • Eligibility criteria defined by the Bank/Insurance Company should be met to receive the insurance benefits
  • The parent/guardian should be below 65 years of age at the time of the claim
  • Account holder should be below 18 years of age at the time of the claim
  • Benefits are paid if and when the claim is honored by the Insurance Company and the benefit amounts may vary based on the nature and extent of the incident subject to exclusions
  • Claims to be submitted to the bank within 6 months of the incident
  • Please contact Branch for further details and other terms

 *Conditions Apply


Grade 5 Scholarship Scheme

  • 2000 Scholarships for the top talent in Grade 5 Scholarship - Scholarships of Rs. 15,000/- will be awarded for the best scholars


Terms & Conditions:

  •  Minimum balance of Rs.5000/- shall be maintained in Ran Kekulu Account one day prior to the date of releasing the exam results

Following documents are required at the account opening

  • Original birth certificate of the child together with a photocopy (Original will be returned to the customer by the bank)
  • National Identity card of the parent / guardian or the competent minor (between 16 and 18 years of age)
  • Address proof (If not residing in the same place mentioned in NIC)
  • Dully filled application


For more information, contact the nearest Bank of Ceylon Branch or the Contact Centre.

* Conditions apply