The special 15 percent interest rate for fixed deposits of senior citizens at commercial banks have not been changed despite changes in other interest rates, the Finance Ministry said today (Aug 5).
Issuing a press release, the Ministry refuted media reports stating that the interest rates for senior citizens have been reduced along with the interest rates for other deposits.
“The Treasury has been paying nearly 16 billion rupees annually to commercial banks to provide increased interest rate of 15 percent to senior citizens,” the release read.
The Finance Ministry pointed out that the 15 percent interest rate for senior citizens, has remained the same since March 2015.
Further, the release noted that annual interest income of senior citizens up to 1.5 million rupees has been exempted from withholding tax in line with the annual budget for this year.
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
Gazette on new speed limit regulations to be issued within two weeks
Two underworld criminals wanted for multiple crimes, including murder, were brought from Dubai to Sri Lanka, today (12).
Acting Attorney General Parinda Ranasinghe, was appointed as the Attorney General of Sri Lanka a short while ago.
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