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. (PRIU)
The Government official news portal is maintains by the New Media Unit of the Department of Government Information and it was titled "news.lk" and commenced in mid1996 and release to Internet from March 01st, 1997.
News.lk publishes in three languages – Sinhala, Tamil and English.
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