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Monday, January 18, 2010 - 04.30 GMT

20% Bonus Interest to Senior Citizens

 
With effect from 1st Jan 2010, the Government has decided to pay a 20% bonus interest to senior citizens on rupee deposits maintained in licensed banks, states the Central Bank.

All Sri Lankan citizens above the age of 60 years will be eligible to receive the bonus interest on their rupee savings and fixed deposits held in licensed banks.

Bonus interest shall be equal to 20% of the interest that accrues after 1st Jan 2010 on rupee deposit accounts of senior citizens, subject to a limit of Rs. 120,000 per annum, per person, the Central Bank further said.

The operating instructions to licensed banks in this regard have been issued on Jan. 15th.







 
 
   
   
   
   
   

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Last modified: January 19, 2010.

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