Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.

Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post

Latest topics

» i am new comers forum
by faz1 Yesterday at 9:38 pm

» Daily Foreign Transactions
by ruwan326 Yesterday at 8:54 pm

by ruwan326 Yesterday at 8:40 pm

» expo.. @4.00
by ruwan326 Yesterday at 8:34 pm

» How to pick winning stocks by analysis not through predictions and gossip news-1
by Ryan Hudson Yesterday at 1:56 pm

» Wach out for RIL
by ruwan326 Yesterday at 10:41 am

by anjelo Yesterday at 10:31 am

by anushka25 Mon Jul 16, 2018 10:18 pm

by ruwan326 Mon Jul 16, 2018 8:06 pm

» Monday blood bath
by ruwan326 Mon Jul 16, 2018 12:41 pm

» Sri Lankan shares extend gains to 2-week closing high
by ruwan326 Mon Jul 16, 2018 11:40 am

» Free earn 120$...or above
by Uaecoindubai Mon Jul 16, 2018 12:01 am

» Good bye your job and earn 20-30% per month
by Uaecoindubai Sun Jul 15, 2018 10:05 pm

» John Keells Miserable Future until 2020
by DS Wijesinghe Sun Jul 15, 2018 5:32 pm

» Summary of Key Announcements during the week end 13July 2018
by ruwan326 Sun Jul 15, 2018 7:59 am

by ruwan326 Fri Jul 13, 2018 10:26 am

You are not connected. Please login or register

Sri Lanka Equity Forum » Political and Socio-Economic Analysis » CB sets maximum deposit rates for senior citizens’ deposits in finance companies

CB sets maximum deposit rates for senior citizens’ deposits in finance companies

Go down  Message [Page 1 of 1]

Ernie Tissera

Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
The Central Bank yesterday announced that it has set maximum deposit interest rates payable by Licensed Finance Companies for a person who is over 55 years of age.
It said that the Licensed Finance Companies may pay an additional interest rate of 2% 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 with effect from 1 January.
Accordingly, the maximum deposit interest rates that could be offered by Licensed Finance Companies to a person who is over 55 years of age is as follows:
a. Savings deposits accepted or maintained shall be 9.58% per annum.
b. Time deposits accepted or renewed shall be as follows,
i. For maturity period of one year or less – 13.01% per annum.
ii. For maturity period of over one year and up to three years – 14.01% per annum.
iii For maturity period of over three years – 15.51% per annum.

Daily FT

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum