Product evaluation of HNB Bank

Personal Banking products 

Savings

General savings

• Regular savings
• Capital savings
• HNB Adhishtana - a unique savings account that will allow senders of remittances from Middle East and Gulf Region and receivers in Sri Lanka

Higher interest rates based on the account balances 
Free Internet banking for the first year 
Free mobile banking for one year 
Free HNB Visa International Debit Card 
Immediate loan facilities of up to 90% of your account balance

• Money market savings accounts   - A Money Market Savings Account can come in handy for an individual, a corporation or an institution, if you make minimum initial deposit of Rs.500,000/-. based on the inter-bank call money market rate
• Capital transaction rupee  account (CTRM) - All existing Non- Resident Rupee Accounts (NRRAs), Non- Resident Blocked Accounts (NRBAs) and Migrant Blocked Accounts (MBAs) have now merged and re-designated as Capital Transactions Rupee Accounts (CTRAs).

·       Minor Savings

•  Singithi Kirikatiyo below 5yrs
•  Singithi Lama New born to 12 yrs
•  Singithi Surakum foreign Currency

Singithi Surakum is a special account for your child in foreign currency.

• Diridaru Scholarship Scheme

HNB Diri Daru Scholarships for Grade five, O/L, A/L & for special achievements

Benefits offered for HNB Teen account

·       Account Balance	·       Gift Voucher Value
·       Rs. 100,000/-	·       Rs. 5,000/-
·       Rs. 250,000/-	·       Rs. 10,000/-
·       Rs. 500,000/-	·       Rs. 20,000/-

•        Minor Savings Visa

1.HNB Wally-E

2.  Pre-Paid Visa Cards for Teens and Parents

•       Youth Savings

 1.HNB Teen Accounts

  2.    HNB You

•       HNB Salary SMART

Route your salary and get your HNB Shopping Debit Card that gives you the equivalent of 3 times your salary. Get more from your pay, to live the life you want. 

•       HNB FIT Account
•       Senior Citizens

1.Senior Citizens Scheme

If you are 55 or above you are eligible to obtain a HNB senior Citizens’ savings or term account that comes with three special schemes as well as a special privileges card with benefits

2. Sathkara for Gov.Servents

enjoy these exceptional benefits in savings accounts, fixed deposits and personal loans, is to deposit your pension in an HNB Sathkara account

•      Term Deposits

1. Fixed deposits

2. Call Deposits

•           Foreign Currency Accounts

o   Personal Foreign Currency Accounts

o   Business Foreign Currency Accounts

o   Diplomatic Foreign Currency Accounts

o   Foreign Currency Accounts Advantage Accounts

o   Inward investment accounts

o   Outward investment Accounts

o   Senior foreign national special accounts

Loans

·       Personal Loans

•      Shanthi home loans

To buy your first home, move to a new residence, investing in property or looking to switch to a better deal. HNB Shanthi Home Loans have many options available

·       Loans for professionals

Housing and Educational loans at lower rate

•       Cards

o   International debit card

o   HNB Credit cards

o   HNB Travel card

o   HNB Affinity credit cards

•       Remittance
•       Current Account

o   Shareline current accounts

o   Current accounts

• Leasing       
• Pawning

New products

·       SOLO

Payment platform through a mobile app using QR codes. A card less payment system

·       AFFY

Mobile app that can customize their own website with personal products

Corporate banking products

• Trade Services
• Issuance of Bank Guarantees

HNB, with its worldwide network of correspondent banks is one of the foremost issuer of bid bonds, Performance bonds, advance Payments Guarantees, Retention bonds and letters of Guarantee for projects and tenders in Sri Lanka

• International Trade Services

As a premier trade bank in Sri Lanka, HNB has long established correspondent banking relationships worldwide with reputed international banks.

SERVICES IN IMPORTS

1.Letters of Credit.

2.Arranging LC Confirmations through our Correspondent banks worldwide at very competitive rates.

3.Structuring import facilities in line with trading patterns.

4.Issuing of Special Forms of Letters of Credit.

5.Handling of Import Bills on Collection.

6.Issue of Shipping Guarantees.

7.Endorsement of Documents Received-in-Advance.

8.Avalization of Collection Bills.

9.Financing Imports.

10.Facilitation of Entrepot Trade Business.

11.Handling Entrepot Trade Transactions.

12.Processing of Advance Payment/Open Account Transactions.

13.Arranging Marine Insurance facilities for the movement of cargo across International boundaries.

SERVICES IN EXPORTS

1.Advising of Letters of Credit.

2.Handling Transferable Letters of Credit.

3.Confirmation of Letters of Credit.

4.Negotiation of Export Documents Under LC.

5.Handling Export Bills on Collections.

6.Purchase / Discount of Export bills.

7Pre-shipment Facilities.

8.Assistance in Preparation of Export documents.

Treasury Services

Spot transactions are simple contracts to buy or sell currency at spot exchange rates for spot delivery normally within 2 working days.

Islamic Banking Services

Murabaha Import Revolving Facility.

Murabaha Local Trading Revolving Facility.

Diminishing Musharakah – Personal Housing Finance Facility.

Diminishing Musharakah – Commercial Property Finance Facility.

Diminishing Musharakah – Working Capital Finance Facility.

Diminishing Musharakah – Vehicle/Machinery Finance Facility.

Diminishing Musharakah – Project Finance Facility.

Wakala Financing.

Ijara – Vehicle Leasing Facility ( Will be introduced shortly).

Shipping/Bank Guarantee/Letter of Guarantee Facilities.

Letter of Credit – Import Facilities.

Document Handling and Collection Facilities.

Debit Card Facilities.