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Senior citizens earnings on rupee savings in FDs:
Bonus interest payments to begin Thursday
The Central Bank said payment of bonus interest for senior citizens
for January 2010 will commence from Thursday. This is in terms of the
Government decision to pay a 20 percent bonus interest to citizens over
60 years on interest on their rupee savings and fixed deposits held with
licensed banks from January 1, 2010. This is subject to a limit of Rs
120,000 per senior citizen per annum.
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The Central Bank |
Existing or new rupee savings or fixed deposit accounts of senior
citizens held individually or jointly, existing or new joint deposit
account/s of a senior citizen with his/her spouse, Joint deposit
accounts of senior citizens with individual/s of below 60 years (other
than the spouse) that have been in operation before January 1, 2010 will
receive bonus interest.
New joint accounts of this category will not be considered under the
scheme.
The Bank said interest payments to eligible depositors for January
2010 at the following banks will commence from March 18.
The Banks are Bank of Ceylon, Citibank N.A, Deutsche Bank AG, Hatton
National Bank PLC, Housing Development Finance Corporation Bank of Sri
Lanka, ICICI Bank, MBSL Savings Bank, Nations Trust Bank, Pan Asia
Banking Corporation, People’s Bank, Rajarata Development Bank,
Sabaragamuwa Development Bank, Sampath Bank, Sanasa Development Bank,
The Hongkong & Shanghai Banking Corporation, Union Bank of Colombo and
the Wayamba Development Bank.
The payments of bonus interest to depositors at other licensed banks
will be made for January and February 2010 together, upon the submission
of necessary information by such banks. In order to facilitate the
payments, small amounts of bonus interest will be accumulated to a value
of Rs 100 or more per senior citizen and paid. |
