Secure Your Child’s Future Today with LankaBangla Protiva Deposit Scheme

17 March is observed as “National Children’s Day” which is also the birthday of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman. National Children’s Day is observed in Bangladesh to increase awareness of children’s rights and well-being. It also allows to reflect on progress made in advancing children’s rights and identification of areas that still require improvements to be made. The children are the future of Bangladesh as they will become the next generation of leaders, inventors, and economic drivers. Investing in their education, health, and well-being is very important for a country’s future wealth and progress.

It was once proclaimed by Magda Gerber, a world-renowned child therapist, “Let the child be the script-writer, the director, and the actor in his own play. In other words, the parents should let the children live their dreams; decide their careers for themselves based on their passion. But to support their children’s dreams, parents must also prepare themselves in timely manner. However, some are late in this game. When it comes to saving up money for children, one should always keep in mind, “The earlier, the better”.

As a parent, you always want the best for your children and securing their future is one of the most important things you can do. Saving for your child’s future is a vital step that parents can take to ensure their child has a comfortable life and a bright future. The reasons why you should save up for your children include providing world-class education especially, for higher studies so that they can have great careers and also to provide financial security to your children given how unpredictable life can be. In addition to that, one of the other most important reasons to save money for your children is to leave a legacy for future generations. Saving for your child’s future also teaches them good habits. By seeing you saving money and planning for the future, they will learn the value of money and the importance of being financially responsible.

Undoubtedly, parents who are concerned about their children and their future should focus on saving money for them to secure their future. But the next question that pops into your mind is, how? Which is the best possible investment for your children? This is where LankaBangla Finance comes in with “Protiva”- a flexible deposit plan for the new generation to explore multiple new opportunities and beyond.

Protiva Secured Money Builder

This scheme is designed for parents who want to open a savings account for their children aged under 18 years old. This special scheme comes with life insurance coverage that is free of cost. Not to mention, the minor account holder under this scheme will be able to get the full maturity value in case of death or permanent disability of the legal guardian. It can be for any reason at any time.

Benefits of Protiva Secured Money Builder

There are some unique benefits of this deposit scheme that makes it different from the other schemes available. Let’s take a look at the benefits of Protiva Secured Money Builder-

  • The account holder’s legal guardian will be under insurance coverage
  • LankaBangla Finance Limited will pay the insurance premium on behalf of the customer.
  • The customer will get full maturity value in case of accidental death or permanent disability at any time for any reason. This will also include death caused by the CODID-19
  • Deposit scheme size- Minimum 500 & Maximum: BDT12,500
  • You can take a loan up to 80% against the deposit amount
  • Tax rebate facility as per Government regulation
  • A flexible monthly payment system is available across multiple channels.

Payment Gateway

The following Payment Gateway Systems are available at LankaBangla Finance Limited for Protiva Secured Money Builder Deposit Scheme.

  • Auto Debit facilities are available through Direct Debit Instruction(DDI) from the customer’s own Bank account
  • Online and digital payment options are available for bKash, Dmoney, Ok Wallet, SureCash, UCash, and iPay
  • You can deposit through LBFL designated Bank Accounts

Eligibility Criteria

The eligibility requirements for Protiva Deposit Scheme follows-

  • Individuals who are above 18 can apply for the scheme. For people below 18, a legal guardian will be required.
  • The minimum deposit amount for this scheme is BDT 500.
  • The installment amount must be deposited within the due date.
  • You cannot encash the amount within 6 months of opening the account.
  • If the user misses three consecutive installments, the account will be considered a closed account. Also, if the user fails to pay any installment in due time, that installment shall be paid within the next due date for continuation of the insurance coverage.

These are some of the eligibility requirements for those who want to open a Protiva deposit scheme in LankaBangla. If you want to provide your kids with a secured future, click here to apply for Protiva Deposit Scheme.

To conclude, it is common in Bangladesh that parents not paying enough emphasis on saving money for their children in the early stage of their lives or little knowledge they have regarding the essentiality of the matter and available options related to it. In most of the cases, when it is too late, they realize they should have opened an account that could be helpful for the future generation. Still, “it is better late than never”.

Protiva is a sensible investment that not only helps to secure your children’s financial future but also helps developing a feeling of responsibility in them from a young age. You as a parent or a legal guardian might use the correct account to save money for your children’s schooling, emergencies, or even their weddings. A considerate gesture like this might give the youngsters a head start and assist them fulfilling their hopes and ambitions in the future.