In celebration of the International Day of Older Persons, Egypt's Nasser Social Bank, led by Dr. Maya Morsi, Minister of Social Solidarity, has announced a range of banking services and products tailored to the needs of senior citizens. The bank aims to provide better access to its services and products, acknowledging the significant contributions of this demographic to society.
As part of its efforts to support senior citizens, Nasser Social Bank will waive administrative fees and account opening charges for all transactions throughout October. This move seeks to alleviate the financial burden associated with banking services, making it easier for seniors to interact with the bank and utilize its offerings.
The bank has introduced the 'Reply Kindness' savings certificate, which offers attractive returns to cater to the needs of older adults. This new product is part of the bank's strategy to develop its services, providing customers with diverse options that suit their needs in terms of certificate duration and interest payout frequency.
According to Dr. Maya Morsi, the 'Reply Kindness' certificate is designed to offer flexible savings options for senior citizens, allowing them to choose between different certificate durations and interest payout schedules. This flexibility enables them to manage their savings and receive a regular income based on their financial requirements.
Walid El-Nahas, Deputy Chairman of Nasser Social Bank's Board of Directors, emphasized the bank's commitment to its social role by providing banking products and services that address the needs of various segments of society, with a special focus on senior citizens. The 'Reply Kindness' certificate is one such offering that provides tailored solutions for this demographic.
The 'Reply Kindness' certificate comes with various options, including a one-year term with an annual return of 16.50% for monthly payouts and 17.50% for annual payouts. Alternatively, a three-year term is available with an annual return of 16.75% for monthly payouts and 18.25% for annual payouts. The certificate's value starts at EGP 1,000, with multiples thereof, and a maximum limit of EGP 2 million.
By launching the 'Reply Kindness' certificate, Nasser Social Bank continues to demonstrate its dedication to supporting senior citizens and providing them with accessible and beneficial banking services. This initiative aligns with the bank's mission to promote financial inclusion and cater to the diverse needs of its customers.
Key points
- Nasser Social Bank waives fees for senior citizens in October.
- The 'Reply Kindness' certificate offers attractive returns and flexible terms.
- The bank aims to provide tailored banking solutions for senior citizens.
