Hatton National Bank, a publicly-listed bank in Sri Lanka, offers savings accounts especially targeted toward infants and children. 6 In general, with infant accounts, which the bank offers at hospitals, “parents and relatives are incentivized to place money in the child’s account instead of offering other gifts such as gold or jewelry ,” Chandula Abeywickrema, an executive at Hatton National Bank has said. In March 2008, Hatton National Bank launched its “Singithi Kirikatiyo” savings scheme. Under the scheme, parents of newborns that open an account by depositing 1,000 Sri Lankan rupees (US$) will receive a “gift” of 1,000 Sri Lankan rupees.
