Annual Report 2012 - National Savings Bank

260OUR PRODUCTS AND SERVICES28. Travelers’ Cheques and ForeignCurrency NotesTravelers’ Cheques and ForeignCurrency Notes are accepted asdeposits to Rupee Accounts atattractive foreign exchange rates.29. Foreign Inward RemittancesSri Lankan nationals living/employedabroad could remit funds to their ownfamily members’ and relatives’ LKR/NRFC/RFC Accounts at NSB or toany other account with any other Bankin Sri Lanka via Exchange Houses andBanks with whom the NSB has alreadyestablished the relationship for fundtransfer.30. EurogiroNSB joined the Eurogiro Network inearly 2008 and prides itself of beingthe sole Eurogiro Member inSri Lanka. Eurogiro is a low costelectronic money transfer systempioneered by the Western PostalOrganizations and Banks. Under theEurogiro, funds could be transferredthrough Deutsche Postbank(Germany), Korea Post (Korea), IsraelPost (Israel), Poste Italiane (Italy), ThaiPost Bank (Thailand) and La BanquePostale (France).31. Web-based RemittancesWe are also agents in Sri Lanka forglobal money transfer channels suchas “INSTANT CASH”, “XPRESSMONEY”, “UNIStream”, “EzRemit”,and “Transfast”.32. Money Changing BusinessThe Bank commenced moneychanging business in selected branchesto encash foreign currency as well as toissue foreign currency.OTHER SERVICES33. Speed CashNSB Speed cash is a secured and fastover-the-counter fund transfer servicewhich facilitates transfer of fundsbetween any two parties.34. Investments in GovernmentSecuritiesInvestment in Treasury Bills andTreasury Bonds as facilitated atany NSB branch or NSB FundManagement Company.35. Standing OrdersStanding Orders authorize the Bankto make a series of payment on behalfof the customers to a named payeeor benefiting by debiting there Savingaccount or fixed payment account.36. Mail Transfer OrdersIt is authorize the bank to transferfunds even one branch to anotherbranch of the Bank.37. Safety Deposit LockersNSB provides a safe and trusted placefor safekeeping valued belongings.38. Gratuity Payment SchemeNSB also offers a Gratuity PaymentScheme up to Rs. One Million wherepayments are made at the death ofaccount holders to their nominee/sor heir/s. On the basis of the balancein their accounts, any active accountholder aged between 18 to 70 yearswith a minimum balance of Rs.15,000/= will be entitled to this facility.39. GuaranteesThis is an instrument, which amountsto an unconditional undertaking bythe Bank, to discharge the liability ofa depositor; in the event of his / herfailing to discharge the obligation.40. Utility Bill PaymentsUtility Bill Payment Services areavailable at NSB and you can payutility bills at any of our branches. Billswill be updated online as soon as youpay your bill.NATIONAL SAVINGS BANK . ANNUAL REPORT 2012