Interest Rates in Sri Lanka

Deposit Rates

Product Type	Interest Rate (p.a) - w.e.f. 05th August 2024 - To Date
SDB Lakdaru	Below Rs. 5,000 - 2.50% Above Rs. 5,000 - 4.50%
SDB Business Saver	Below 5,000: 0.00% 5,000 to below 100,000: 3.00% 100,000 to below 500,000: 3.50% 500,000 to below 1 Mn: 4.00% 1 Mn to below 5 Mn: 4.50% 5 Mn to below 50 Mn: 5.00% 50 Mn & above: 6.00%
SDB Jawaya	Below Rs 1 Mn: 3.00% Rs 1 Mn & Above: 3.25%
SDB Uththamavi	Below Rs 1 Mn: 3.00% Rs 1 Mn & Above: 3.25%
SDB Top Saver Plus	Below 5,000: 0.00% 5,000 to below 100,000: 3.00% 100,000 to below 500,000: 3.50% 500,000 to below 1 Mn: 4.00% 1 Mn to below 5 Mn: 4.50% 5 Mn to below 50 Mn: 5.00% 50 Mn & above: 6.00%
SDB Savings / Investment / New Bhagya Savings	2.50%
SDB Upahara Savings	Less than Rs 1 Mn: 3.00% Rs 1 Mn & Above: 3.25%
SDB Dashaka	Rs 1,000 – Rs 99,999: 3.00% Rs 100,000 – Rs 999,999: 3.25% Rs 1 Mn & Above: 3.50%
SDB Corporate / Co-Operative Top Saver	Below Rs 25,000: 0.00% Rs 25,000 to below Rs 100,000: 3.00% Rs 100,000 to below Rs 500,000: 3.25% Rs 500,000 to below Rs 1Mn: 3.50% Rs 1Mn to below Rs 5Mn: 4.00% Rs 5Mn to below Rs 10Mn: 4.50% Rs 10Mn to below Rs 25Mn: 4.75% Rs 25Mn to below Rs 50Mn: 5.00% Rs 50Mn & below: 6.00%
SDB Corporate / Co-Operative Saver	Below Rs 25,000: 0.00% Rs 25,000 to below Rs 100,000: 3.00% Rs 100,000 to below Rs 500,000: 3.25% Rs 500,000 to below Rs 1Mn: 3.50% Rs 1Mn to below Rs 5Mn: 4.00% Rs 5Mn to below Rs 10Mn: 4.50% Rs 10Mn to below Rs 25Mn: 4.75% Rs 25Mn to below Rs 50Mn: 5.00% Rs 50Mn & below: 6.00%
SDB Sahanya Savings	Rs 5,000 – Rs 99,999: 2.50% Rs 100,000 – Rs 999,999: 3.00% Rs 1 Mn & above: 4.00%
SDB Dayada Investment Plan	5.25%
SDB Uththamavi Investment	5.00%
SDB Ayojana Investment Plan	6.00%
Upay Savings	2.50%
Conditions apply

Normal / Corporate FD (Rs.10,000/- & Above)

	1 Month	3 Months	6 Months	12 Months	24 Months	36 Months	48 Months	60 Months
Maturity	6.25%	7.00%	7.25%	7.75%	8.50%	9.00%	11.00%	12.75%
AER	6.43%	7.19%	7.38%	7.75%	8.17%	8.29%	09.54%	10.37%
Monthly	-	-	-	7.25%	7.50%	7.75%	8.00%	8.25%
AER	-	-	-	7.50%	7.76%	8.03%	8.30%	8.57%
With effect from 09th December 2024

Senior Citizen FD Rates

Upahara Rs.10,000 & Above (Age 55 & above)*	1 Month	3 Months	6 Months	12 Months	24 Months	36 Months	48 Months	60 Months
Maturity	6.25%	7.00%	7.25%	8.00%	8.75%	9.25%	11.00%	12.75%
AER	6.43%	7.19%	7.38%	8.00%	8.40%	8.51%	09.54%	10.37%
Monthly	-	-	-	7.50%	7.75%	8.00%	8.25%	8.50%
AER	-	-	-	7.76%	8.03%	8.30%	8.57%	8.84%
*With effect from 09th December 2024*
* Conditions apply

Minor FD Rates

	12 Months	24 Months	36 Months	48 Months	60 Months
Nominal	7.75%	8.50%	9.00%	11.00%	12.75%
AER	7.75%	8.17%	8.29%	09.54%	10.37%
*With effect from 09th December 2024*

Lending Rates

Rates of Interest on Advances

Rates will be effective from 09.12.2024

Product Category

Interest rate % p.a.

Co-operative Sector & Microfinance institutions
(Relending Purpose)

Tenure	Fixed Rate	Floating Rate
1 Year	14.50% - 15.50%	N/A
2 Year	15.00% - 19.00%
3 Year	16.50% - 19.50%
4 Year	17.00% - 20.00%

Co-operative Sector & Microfinance institutions
(To Society)

Tenure	Fixed Rate	Floating Rate
1 Year	15.00% - 19.00%	15.00% - 19.00%
2 Year	16.50% - 20.00%	15.25% - 19.50%
3 Year	16.75% - 21.00%	15.50% - 20.00%
4 Year	17.25% - 22.00%	15.75% - 20.50%
5 Year	17.50% - 22.50%	16.00% - 21.00%

Upahara/ Uththamachara Loans

Tenure	Fixed Rate
Up to 03 Years	13.00% - 14.00%
Up to 05 Years	15.00% - 16.00%
Up to 07 Years	16.00% - 17.00%
Up to 10 Years	14.00% - 16.00% for first 05 Years

Personal Loans for Employees of Government/ and Semi-Government Sector

Tenure	Fixed Rate
Up to 03 Years	13.00% - 15.00%
Up to 05 Years	15.00% - 17.00%
Up to 07 Years	16.00% - 18.00%
Up to 10 Years	14.00% - 17.00% For first 05 Years

Personal Loans for Employees of Private Reputed Companies

Tenure	Fixed Rate
Up to 03 Years	14.50% - 15.50%
Up to 05 Years	15.50% - 16.50%
Up to 07 Years	17.00% - 18.00%

Sondurusewana Housing Loan

Rate	Type of Interest Rate	Maximum Tenure
15% - 17%	1 Year Fixed Thereafter floating	15 Years
21%	2 Years Fixed Thereafter floating	15 Years

MSME, SME and Business purposes loans

Tenure	Fixed Rate	Floating Rate
1 Year	15.00% - 21.00%	15.00% - 21.00%
2 Year	15.00% - 21.00%	15.00% - 21.00%
3 Year	15.00% - 21.00%	15.00% - 21.00%
4 Year	16.00% - 22.00%	15.00% - 21.00%
5 Year	17.00% - 23.00%	15.00% - 21.00%

Business plus

Tenure	Fixed Rate	Floating Rate
1 Year	15.00% - 21.00%	15.00% - 21.00%
2 Year	15.00% - 21.00%	15.00% - 21.00%
3 Year	15.00% - 21.00%	15.00% - 21.00%
4 Year	16.00% - 22.00%	15.00% - 21.00%
5 Year	17.00% - 23.00%	15.00% - 21.00%
More than 5 years	-	17.00% - 22.00%

Floating rate will be applied for the loans considered more than 5-year tenure.

Pawning

Pawning - For women's who maintains a women savings account with more than Rs.10,000/- balance (average 6 month balance)

14%

13.5%

Gold Loans

Gold Loans - For women's who maintains a women savings account with more than Rs.10,000/- balance (average 6 month balance)

15%

14.5%

Leasing /HP/Vehicle Loan

Tenure (Years)	Commercial Vehicles	Three Wheelers	Private Vehicles (Cars, SUVs, Double Cabs)
1	16.00% - 18.50%	20.00% - 22.50%	15.00% - 16.50%
2	16.50% - 19.00%		15.00% - 16.50%
3	17.00% - 19.50%		15.25% - 16.75%
4	17.50% - 20.00%	21.00% - 23.50%	15.25% - 16.75%
5	18.00% - 20.50%	21.00% - 23.50%	15.50% - 17.00%

Tenure (Years)	Passenger Buses	Vans	Tractor/ Harvesting Machine / Motor Bike
1	19.00% - 21.50%	16.00% - 18.50%	23.00% - 26.00%
2	19.50% - 22.00%	16.50% - 19.00%	23.50% - 26.50%
3	20.00% - 22.50%	17.00% - 19.50%	24.00% - 27.00%
4	20.50% - 23.00%	17.50% - 20.00%	24.50% - 27.50%
5	21.00% - 23.50%	18.00% - 20.50%	25.00% - 28.00%

Cash Margin Loans

Loan Type	Rate of interest for loans repaid monthly	Rate of interest for loans repaid at maturity
For all loan types	10.0% + <margin> for contract savings	10.0% + <margin> for contract savings
	AER of the FD held + <margin> for FDs less than 12 months & FDs with interest paid monthly	AER of the FD held + <margin> for FDs less than 12 months & FDs with interest paid monthly
	Given FD rate + <margin> for deposits of 12 months and above where interest paid at maturity	Given FD rate + <margin> for deposits of 12 months and above where interest paid at maturity

Margins

Loan Type	Rate of interest for loans repaid monthly	Rate of interest for loans repaid at maturity
Loans to Retail (Individual) customers, businesses and incorporated entities	3.0%	3.5%
Loans to Co-op Societies	2.5%	2.5%

Refinance Scheme	To The Society % p.a.	To End Borrower % p.a.
A. SME Loans
SAUBHAGYA (The Prosperity Loan Scheme)	N/A	6.00% - 9.00%
SAUBHAGYA COVID - 19	N/A	4.00%
SEPI	N/A	7.00%
SWASHAKTHI	N/A	5.50%
SMILE 111 RF General Loan Scheme Technical Assistance	N/A	8.00% 5.00%
E-Friends 11 RF General Loan Scheme Solar Loan Scheme Technical Assistance	N/A	6.50% 6.50% 2.00%
SAPP Loan Scheme 4P Youth RF Youth 4P Agribusiness RF Income Generation	N/A	6.50% 6.50% 6.50% 6.50%
Kapruka Ayojana Credit Scheme	N/A	8.00%
STaRR	N/A	6.50%
DAD Pilot Project (Domestic Agriculture Development Program) Below Rs.1 Mn Rs.1 Mn to Rs.25 Mn	N/A	4.00% 5.00%
SME LoC Project SME LoC 2022 – SME Loans SME LoC 2022 – Working Capital Loans SME LoC 2023 – SME Loans SME LoC 2024 - SME Loans ADB Tea – 2022 ADB Tea - 2023 Rs. 500,000/- and below Rs. 500,000/- and above SMELOC 2 – Working Capital Loans	N/A	8.80% 9.00% 10.00% 10.00% 4.85% 10.68% 9.68% 8.00%
Re-energizing the MSME Sector Investment Loan Scheme Supporting MSMES NPL Loan Scheme		7.0% 8.0%
B. Society Loans	N/A
PAMP RF (Jayatha)	9.00%	12.00%
Loan Pool	12.00%	15.00%
SAPP RF FI Bulk	3.75%	6.50%
E-Friends 11 RF General Loan Scheme Solar Loan Scheme Technical Assistance	6.50% 6.50% 2.00%	6.50% 6.50% 2.50%

Conditions apply

Foreign Currency Exchange Rates

Currency Code	Currency	Buying Rates	Selling Rates
AUD	AUSTRALIAN DOLLAR	175.46	189.45
EUR	EUROPEAN CURRENCY UNIT	294.69	313.14
GBP	BRITISH POUND	354.17	376.38
JPY	JAPANESE YEN	1.78	1.91
SGD	SINGAPORE DOLLAR	208.06	222.32
USD	US DOLLAR	289.04	299.41