Target Investment Plan (Teens) Sri Lanka - Pan Asia Banking Corporation

Achieve your child’s future big dreams with ease

Start saving in monthly installments, to build a fund to fulfill your teenager’s future financial requirements, such as their higher education, purchasing of computers and achieving life’s special moments.

Key features & benefits

Maximum flexibility and transparency – customers can select an investment plan that yields the desired amount at maturity to fulfil the child’s requirement.
Start your child’s investment plan with a monthly investment as low as Rs. 500.
Flexibility to select a suitable investment plan from 1, 2, 3, 4 and 5 years.
Attractive and guaranteed interest rate throughout the investment period.

Rates & fees

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Invest for your children’s future with easy monthly installments.

Call us or visit the nearest Pan Asia Branch today to learn about the Target Investment Plan for Teens!

Target Investment Plan (Teens) FAQs

How can I apply for a Target Investment Plan for my child?
Please visit your nearest Pan Asia Bank branch to apply for a Target Investment Plan for teens.
What does my child need to qualify to open a Target Investment Plan?
A child above the age of 13 years is eligible to open an Investment plan. The maturity date of the investment plan should fall after the child’s 18th birthday.

Are there any specific maturity amounts in Target Investment Plan?

The parent or guardian has the flexibility to decide the required maturity amount or the monthly installment at their convenience, which is not less than Rs. 500. Please refer the table below for details.

Targeted Maturity Value	50,000	100,000	250,000	500,000	1Mn	3Mn	5Mn	7.5Mn	10Mn
1 Year	3,958	7,916	19,789	39,577	79,153	237,457	395,761	593,641	791,521
2 Years	1,861	3,722	9,304	18,608	37,215	111,643	186,072	279,107	372,143
3 Years	1,171	2,344	5,859	11,717	24,434	70,300	117,166	175,748	234,331
4 Years	830	1,659	4,146	8,292	16,584	49,750	82,917	124,375	165,833
5 Years	625	1,250	3,125	6,249	12,497	37,491	62,485	93,728	124,970

What are the due dates available for monthly deposit dates ?
The customer has the option of selecting a due date from every 3rd, 15th or 27th of the month depending on their income receiving dates. Accordingly, the customer must deposit the agreed monthly installment before the due date.
Can you withdraw the money deposited in an investment plan?
The money can be withdrawn only at maturity or once the child reaches the age of 18 years. Thus depending on the child’s age, you may select the appropriate investment plan that fits you, as below.
A 13 year old child could open a 5 year investment plan
A 14 year old child could open a 4 year investment plan
A 15 year old child could open a 3 year investment plan
A 16 year old child could open a 2 year investment plan
A 17 year old child could open a 1 year investment plan

Target Investment Plan (Teens) Rates & Fees

With Effective From:- 2023-07-31

Investment Plan	Number Of Months	Interest Rate
1st Year Investment Plan	12	10.00%
2nd Year Investment Plan	24	12.50%
3rd Year Investment Plan	36	12.50%
4th Year Investment Plan	48	12.50%
5th Year Investment Plan	60	12.50%