Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

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
Government to develop Eastern port city of Trincomalee as an agriculture and energy hub
-- [3 hours ago]
Australia deports 12 Sri Lankan asylum seekers
-- [3 hours ago]
Major General Sumith Manawadu of Sri Lanka Army passes away
-- [5 hours ago]
US company to recruit 3,000 Sri Lankan nurses for US hospitals
-- [6 hours ago]
War Heroes Commemoration Month declared open in Sri Lanka
Narahenpita Police OIC arrested for concealing evidence in rugby player's death further remanded
CSE and CFA Society Sri Lanka ring opening bell in support of 'Putting Investors First Month' campaign
Sri Lankan President advises officials to take decisions fearlessly to protect environment
Sri Lanka Navy arrests five Indians smuggling Ganja in to the island through sea
Sri Jayewardenepura University and Lipton to uplift productivity of Sri Lankan tea lands

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, 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 LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.