The main association representing Sri Lankan commercial banks is due to publish a newspaper advertisement tomorrow (Friday) to provide more clarity on the eligibility criteria in the 15 per cent special interest rate to deposits for senior citizens which has stirred anger and frustration.
“We are publishing another notice tomorrow to provide a few clearer details of the 15 per cent interest rate for senior citizens,” said Upali de Silva, spokesperson for the Sri Lanka Banks Association, adding that a first notice was issued last week.
The 15 per cent budget proposal has seen confusion and chaos in its implementation with senior citizens calling the Business Times and making complaints of a scheme which they say is unfair, unjust and ‘downright cheating’. – ENDS -
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