SDB bank | Interest Rates in Sri Lanka

Interest Rates in Sri Lanka

Deposit Rates
Product Type Interest Rate (p.a) - w.e.f. 05th August 2024 - To Date
SDB Lakdaru

Below Rs. 5,000 - 2.50%

Above Rs. 5,000 - 4.50%

SDB Business Saver 

Below 5,000: 0.00%

5,000 to below 100,000: 3.00%

100,000 to below 500,000: 3.50%

500,000 to below 1 Mn: 4.00%

1 Mn to below 5 Mn: 4.50%

5 Mn to below 50 Mn: 5.00%

50 Mn & above: 6.00%

SDB Jawaya 

Below Rs 1 Mn: 3.00%

Rs 1 Mn & Above: 3.25%

SDB Uththamavi

Below Rs 1 Mn: 3.00%

Rs 1 Mn & Above: 3.25%

SDB Top Saver Plus

Below 5,000: 0.00%

5,000 to below 100,000: 3.00%

100,000 to below 500,000: 3.50%

500,000 to below 1 Mn: 4.00%

1 Mn to below 5 Mn: 4.50%

5 Mn to below 50 Mn: 5.00%

50 Mn & above: 6.00%

SDB Savings / Investment / New Bhagya Savings

2.50%

SDB Upahara Savings

Less than Rs 1 Mn: 3.00%

Rs 1 Mn & Above: 3.25%

 

SDB Dashaka

Rs 1,000 – Rs 99,999: 3.00%

Rs 100,000 – Rs 999,999: 3.25%

 

Rs 1 Mn & Above: 3.50%

SDB Corporate / Co-Operative Top Saver

 

Below Rs 25,000: 0.00% 

Rs 25,000 to below Rs 100,000: 3.00%

Rs 100,000 to below Rs 500,000: 3.25% 

Rs 500,000 to below Rs 1Mn: 3.50% 

Rs 1Mn to below Rs 5Mn: 4.00% 

Rs 5Mn to below Rs 10Mn: 4.50% 

Rs 10Mn to below Rs 25Mn: 4.75% 

Rs 25Mn to below Rs 50Mn: 5.00% 

Rs 50Mn & below: 6.00% 

SDB Corporate / Co-Operative Saver

 

Below Rs 25,000: 0.00% 

Rs 25,000 to below Rs 100,000: 3.00%

Rs 100,000 to below Rs 500,000: 3.25% 

Rs 500,000 to below Rs 1Mn: 3.50% 

Rs 1Mn to below Rs 5Mn: 4.00% 

Rs 5Mn to below Rs 10Mn: 4.50% 

Rs 10Mn to below Rs 25Mn: 4.75% 

Rs 25Mn to below Rs 50Mn: 5.00% 

Rs 50Mn & below: 6.00% 

SDB Sahanya Savings

Rs 5,000 – Rs 99,999: 2.50%

Rs 100,000 – Rs 999,999: 3.00%

Rs 1 Mn & above: 4.00%

SDB Dayada Investment Plan

5.25%

SDB Uththamavi Investment

5.00%

SDB Ayojana Investment Plan

6.00%

Upay Savings

2.50%

Conditions apply

Normal / Corporate FD (Rs.10,000/- & Above)
  1 Month 3 Months 6 Months 12 Months 24 Months 36 Months 48 Months 60 Months
Maturity 6.50% 7.50% 7.75% 8.00% 8.50% 9.00% 12.00% 13.00%
AER 6.70% 7.71% 7.90% 8.00% 8.17% 8.29% 10.30% 10.53%
Monthly - - - 7.50% 8.00% 8.50% 8.75% 9.00%
AER - - - 7.76% 8.30% 8.84% 9.11% 9.38%
With effect from 05th August 2024   

 

 

Senior Citizen FD Rates
 Upahara Rs.10,000 & Above (Age 55 & above)* 1 Month 3 Months 6 Months 12 Months 24 Months 36 Months 48 Months 60 Months
Maturity 6.50% 7.50% 7.75% 8.25% 8.75% 9.25% 12.00% 13.00%
AER 6.70% 7.71% 7.90% 8.25% 8.40% 8.51% 10.30% 10.53%
Monthly - - - 7.75% 8.25% 8.75% 9.00% 9.25%
AER - - - 8.03% 8.57% 9.11% 9.38% 9.65%
 With effect from 05th August 2024
* Conditions apply

 

Minor FD Rates
  12 Months 24 Months 36 Months 48 Months 60 Months
Nominal 8.00% 8.50% 9.00% 12.00% 13.00%
AER 8.00% 8.17% 8.29% 10.30% 10.53%
With effect from 05th August 2024
Lending Rates
Rates of Interest on Advances
Rates will be effective from 16.05.2024
Product Category Interest rate  %  p.a.
Co-operative Sector & Microfinance institutions
(Relending Purpose)
Tenure Fixed Rate Floating Rate
1 Year 14.50% - 15.50% N/A
2 Year 15.00% - 19.00%
3 Year 16.50% - 19.50%
4 Year 17.00% - 20.00%
Co-operative Sector & Microfinance institutions 
(To Society)
Tenure Fixed Rate Floating Rate
1 Year 15.00% - 19.00% 15.00% - 19.00%
2 Year 16.50% - 20.00% 15.25% - 19.50%
3 Year 16.75% - 21.00% 15.50% - 20.00%
4 Year 17.25% - 22.00% 15.75% - 20.50%
5 Year 17.50% - 22.50% 16.00% - 21.00%
Upahara/ Uththamachara Loans
Tenure  Type of Interest Rate  Interest Rate
5 Year Floating 1 year fixed & thereafter floating. 14%
5 Year Up to and including 3 years fixed & thereafter floating. 15%
More than 5 Year Up to and including 3 years fixed & thereafter floating. 16%
Up to 5 year Fixed 17%
Up to 7 year Fixed 18%
Sondurusewana Housing Loan 
Rate Type of Interest Rate Maximum Tenure
15% - 17% 1 Year Fixed Thereafter floating 7 Years
21% 2 Years Fixed Thereafter floating 7 Years
MSME, SME and Business purposes loans
Tenure Fixed Rate Floating Rate
1 Year 15.00% - 21.00% 15.00% - 21.00%
2 Year 15.00% - 21.00% 15.00% - 21.00%
3 Year 15.00% - 21.00% 15.00% - 21.00%
4 Year 16.00% - 22.00% 15.00% - 21.00%
5 Year 17.00% - 23.00% 15.00% - 21.00%
Business plus
Tenure Fixed Rate Floating Rate
1 Year 15.00% - 21.00% 15.00% - 21.00%
2 Year 15.00% - 21.00% 15.00% - 21.00%
3 Year 15.00% - 21.00% 15.00% - 21.00%
4 Year 16.00% - 22.00% 15.00% - 21.00%
5 Year 17.00% - 23.00% 15.00% - 21.00%
More than 5 years - 17.00% - 22.00%

Floating rate will be applied for the loans considered more than 5-year tenure.

Pawning

Pawning - For women's who maintains a women savings account with more than Rs.10,000/- balance (average 6 month balance)
14%

13.5%
Gold Loans

Gold Loans - For women's who maintains a women savings account with more than Rs.10,000/- balance (average 6 month balance)
15%

14.5%
Leasing /HP/Vehicle Loan
Tenure (Years) Commercial Vehicles Three Wheelers Private Vehicles
(Cars, SUVs, Double Cabs)
1 16.00% - 18.50% 20.00% - 22.50% 15.00% - 16.50%
2 16.50% - 19.00% 15.00% - 16.50%
3 17.00% - 19.50% 15.25% - 16.75%
4 17.50% - 20.00% 21.00% - 23.50% 15.25% - 16.75%
5 18.00% - 20.50% 15.50% - 17.00%
Tenure (Years) Passenger Buses Vans Tractor/ Harvesting Machine / Motor Bike
1 19.00% - 21.50% 16.00% - 18.50% 23.00% - 26.00%
2 19.50% - 22.00% 16.50% - 19.00% 23.50% - 26.50%
3 20.00% - 22.50% 17.00% - 19.50% 24.00% - 27.00%
4 20.50% - 23.00% 17.50% - 20.00% 24.50% - 27.50%
5 21.00% - 23.50% 18.00% - 20.50% 25.00% - 28.00%
 Cash Margin Loans  
Loan Type Rate of interest for loans repaid monthly Rate of interest for loans repaid at maturity
For all loan types 10.0% + <margin> for contract savings  10.0% + <margin> for contract savings 
  AER of the FD held + <margin> for FDs less than 12 months & FDs with interest paid monthly  AER of the FD held + <margin> for FDs less than 12 months & FDs with interest paid monthly 
  Given FD rate + <margin> for deposits of 12 months and above where interest paid at maturity Given FD rate + <margin> for deposits of 12 months and above where interest paid at maturity
     
Margins
Loan Type Rate of interest for loans repaid monthly Rate of interest for loans repaid at maturity
Loans to Retail (Individual) customers, businesses and incorporated entities 3.0% 3.5%
Loans to Co-op Societies 2.5% 2.5%
Refinance Scheme To The Society % p.a. To End Borrower % p.a.
A. SME Loans    
SAUBHAGYA (The Prosperity Loan Scheme) N/A 6.00% - 9.00%
SAUBHAGYA COVID - 19 N/A  4.00%
SEPI N/A  7.00%
SWASHAKTHI N/A  5.50%
SMILE 111 RF
  • General Loan Scheme
  • Technical Assistance  
N/A  8.00%
5.00%  
  SAPP Loan Scheme
  • 4P Youth
  • RF Youth
  • 4P Agribusiness
  • RF Income Generation
N/A 
6.50%
6.50%
6.50%
6.50%
Kapruka Ayojana Credit Scheme N/A  8.00%
STaRR N/A  6.50%
DAD Pilot Project
(Domestic Agriculture Development Program)
Below Rs.1 Mn
Rs.1 Mn to Rs.25 Mn
N/A 

4.00%
5.00%
SME LoC Project
SME LoC 2022 – SME Loans
SME LoC 2022 – Working Capital Loans
SME LoC 2023 – SME Loans

 

ADB Tea – 2022
ADB Tea -  2023
  • Rs. 500,000/- and below  
  • Rs. 500,000/- and  above
SMELOC 2 – Working Capital Loans
N/A 
8.80%
9.00%
10.00%

 

4.85%

10.68%  
9.68%

8.00%
B. Society Loans N/A   
PAMP RF (Jayatha) 9.00% 12.00%
Loan Pool 12.00% 15.00%
SAPP RF FI Bulk 3.75% 6.50%

Conditions apply
Foreign Currency Exchange Rates
Currency Code Currency Buying Rates Selling Rates
AUD AUSTRALIAN DOLLAR 180.80 195.22
EUR EUROPEAN CURRENCY UNIT 297.02 315.61
GBP BRITISH POUND 355.86 378.18
JPY JAPANESE YEN 1.79 1.92
SGD SINGAPORE DOLLAR 208.73 223.04
USD US DOLLAR 286.98 297.28

 

Foreign Currency Exchange Rates
Currency Code Currency Buying Rates Selling Rates
AUD AUSTRALIAN DOLLAR 180.80 195.22
EUR EUROPEAN CURRENCY UNIT 297.02 315.61
GBP BRITISH POUND 355.86 378.18
JPY JAPANESE YEN 1.79 1.92
SGD SINGAPORE DOLLAR 208.73 223.04
USD US DOLLAR 286.98 297.28