About Bank of Ceylon Staff Thrift & Welfare Society
A member-owned thrift and welfare society run for the long-term financial wellbeing of Bank of Ceylon staff.
Our Mission
Bank of Ceylon Staff Thrift & Welfare Society exists to assist Bank of Ceylon employees build financial security through disciplined, low-friction monthly savings backed by accessible member loans and a lump-sum payout on retirement, resignation, or in the event of a member's passing.
How It Works
Each month, a fixed contribution is deducted directly from a member's salary and credited to their individual Contribution Account. Balances accrue over a member's career and are paid out along with an accumulated interest on retirement or resign from the bank service. Members in good standing can also apply for a loan against their accumulated balance at preferential rates.
Membership
Membership is open to all Bank of Ceylon employees below 48 years of age.
Governance
Bank of Ceylon Staff Thrift & Welfare Society is managed by a Committee elected at the Annual General Meeting.