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Friday,  January 02, 2015 - 06.15 GMT
More interest for senior citizens

 

Licensed Finance Companies may pay an additional interest rate of two per cent above the maximum interest rates stipulated by the Central Bank of Sri Lanka for any savings deposit accepted or maintained and time deposit accepted from or renewed by a person who is over 55 years of age from January 1, 2015.

Accordingly, the maximum deposit interest rates that could be offered by Licensed Finance Companies to a person who is over 55 years is as follows; a. Savings deposits accepted or maintained shall be 9.58% per annum.

Time deposits accepted or renewed shall be for maturity period of one year or less - 13.01% per annum and for maturity period of over one year and up to three years - 14.01% per annum and for maturity period of over three years - 15.51% per annum.


 


 

 
 
   
   
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Last modified: January 02, 2015.

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