A special fixed deposit scheme for deposits opened by senior citizens in the next six months has been approved by the Cabinet of Ministers.
The proposal was submitted by President Anura Kumara Dissanayake in the capacity of the Finance Minister.
Accordingly, approval was given to:
*To implement this scheme for fixed deposits opened within the period from 01.07.2025 to 31.12.2025 by Sri Lankan citizens of age 60 years or more.
*The period of the fixed deposit is 12 months (one year) and, the maximum deposit value is rupees one million.
*Payment of the higher value from the value when a 3% of additional annual amount to the average weighted fixed deposits rate (AWFDR) or the value when a 3% addition is made to the declared fixed deposit interest rate.
*Allocation of rupees 30 billion for payment of interest relief for this whole programme.
A Sri Lankan man was apprehended at Suvarnabhumi airport for attempting to smuggle wildlife out of the country after three ball pythons were found hidden in his underwear, the Bangkok post reported.
Read these and more on tomorrow’s edition of the Sunday Times
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