Lankapage Logo Recent Top Stories
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* Sri Lanka Central Bank announces maximum limits for deposit interest rates
Wed, Apr 2, 2014, 12:57 pm SL Time, ColomboPage News Desk, Sri Lanka.

Apr 02, Colombo: Sri Lanka's Central Bank Tuesday announced the maximum deposit interest rates Licensed Finance Companies can pay to the account holders.

The maximum interest rates that could be offered for deposits accepted, maintained or renewed by the finance companies licensed under the Finance Business Act, No.42 of 2011 has been revised with effect from the 1st April 2014, the Bank announced.

Accordingly, the maximum interest rate that could be offered for savings deposits accepted, maintained by the finance companies licensed under the Finance Business Act, will be 7.58% per annum.

The maximum interest rates that could be offered for deposits accepted or renewed will be 11.01% per annum for maturity period of one year or less, 12.01% per annum for maturity period of over one year and up to three years and 13.51% per annum for maturity period of over three years.

In case where a savings or fixed deposit is made by a person who is over 55 years of age, a finance company may pay an additional interest rate of one percent above the specified maximum interest rates.

ColomboPage - Recent 10 Stories
Minister suggests increasing retirement age to 65
-- [6 hours ago]
Sri Lanka opposition suggests joint Indo-Lanka naval patrols to prevent fishermen poaching
-- [6 hours ago]
EU welcomes Sri Lanka's stance on moratorium on the Death Penalty
-- [8 hours ago]
Sri Lanka improves ranking in CPJ's Global Impunity Index
-- [8 hours ago]
Constitutional Council nominates members to four independent commissions
-- [9 hours ago]
Sri Lanka parliament to debate UNHRC resolution on Oct 20, 21
-- [9 hours ago]
Sri Lanka appoints parliamentary committee to inquire Central Bank activities during previous regime
Resolution on Sri Lanka is a key U.S. outcome at the UN Human Rights Council 30th Session
Sri Lanka Human Rights Commission hears arrested student's complaint
Sri Lanka's JVP parliamentarian elected to a post in global anti-corruption organization

Copyright © 2000, 2014 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.