Sri Lanka’s government to give 15-pct interest on senior citizens’ deposits: Interim Budget 2015

Jan 29, 2015 (LBO) – Sri Lanka’s government will give a 15 percent interest rate to deposits of senior citizens in banks of up to one million rupees, Finance Minister Ravi Karunanayake said, presenting the interim budget in the parliament. This will cost an extra 4,900 million rupees to the government. Pensions of state workers will also be raised by 1,000 rupees from April he said.