SDB bank | Interest Rates in Sri Lanka

Interest Rates in Sri Lanka

Deposit Rates
Product Type Interest Rate (p.a) - w.e.f. 24th April 2024 - To Date
SDB Lakdaru

Below Rs. 5,000 - 2.50%

Above Rs. 5,000 - 4.50%

SDB Business Saver 

Below Rs 5,000: 0.00%

5,000 to 500,000: 3.50%

500,000 to 1,000,000: 5.00%

Rs.1,000,000 to 4,999,999: 5.50%

5 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 Rs 5,000: 0%

Rs 5,000 - Rs 49,999: 3.00%

Rs 50,000 - Rs 99,999: 3.50%

Rs 100,000 – Rs 499,999: 4.00%

Rs 500,000 – Rs 999,999: 5.00%

Rs 1,000,000 – Rs 2,499,999: 5.00%

 

Rs 2,500,000 – Rs 5,000,000: 5.50%

Rs 5,000,000 & 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

 

Less than Rs 24,999: 0.00% 

Rs 25,000 – Rs 99,999: 3.75%

Rs 100,000 - Rs 999,999: 4.00% 

Rs 1,000,000 - Rs 4,999,999: 4.50% 

Rs 5,000,000 - Rs 9,999,999: 5.00% 

Rs 10,000,000 - Rs 24,999,999: 5.50% 

Rs 25,000,000 & Above: 6.00%

SDB Corporate / Co-Operative Top Saver Plus

 

Below Rs 25,000: 0.00% 

Rs 25,000 - Rs 2,499,999: 3.25% 

Rs 2,500,000 - Rs 4,999,999: 3.75% 

Rs 5,000,000 - Rs 9,999,999: 4.25% 

Rs 10 Mn to 50 Mn: 5.50%

Rs 50 Mn & above: 6.00%

SDB Blue-Chip Corporate Top Saver

Rs 100 Mn & Above: 6.15%

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

7.00%

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 7.00% 8.00% 8.25% 8.50% 9.00% 9.50% 13.00% 14.00%
AER 7.23% 8.24% 8.42% 8.50% 8.63% 8.72% 11.04% 11.20%
Monthly - - - 8.00% 8.25% 8.75% 9.00% 9.25%
AER - - - 8.30% 8.57% 9.11% 9.38% 9.65%
With effect from 24th April 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 7.00% 8.00% 8.25% 8.75% 9.25% 9.75% 13.00% 14.00%
AER 7.23% 8.24% 8.42% 8.75% 8.86% 8.93% 11.04% 11.20%
Monthly - - - 8.25% 8.50% 9.00% 9.25% 9.50%
AER - - - 8.57% 8.84% 9.38% 9.65% 9.92%
 With effect from 24th April 2024.
* Conditions apply

 

Minor FD Rates
  12 Months 24 Months 36 Months 48 Months 60 Months
Nominal 8.50% 9.00% 9.50% 13.00% 14.00%
AER 8.50% 8.63% 8.72% 11.04% 11.20%
With effect from 24th April 2024
Lending Rates
Rates of Interest on Advances
Rates will be effective from 27.02.2024
Product Category Interest rate  %  p.a.
Co-operative Sector & Microfinance institutions
(Relending Purpose)
Tenure Fixed Rate Floating Rate
1 Year 15.50% - 16.50% N/A
2 Year 16.00% - 20.00%
3 Year 17.50% - 20.50%
4 Year 18.00% - 21.00%
Co-operative Sector & Microfinance institutions 
(To Society)
Tenure Fixed Rate Floating Rate
1 Year 16.00%  - 20.00% 16.00% -20.00%
2 Year 17.50%  - 21.00% 16.25% -20.50%
3 Year 17.75%  - 22.00% 16.50% -21.00%
4 Year 18.25%  - 23.00% 16.75% -21.50%
5 Year 18.50%  - 23.50% 17.00% -22.00%
Upahara/ Uththamachara Loans
Maximum Tenure  Interest Rate
5 Year 1 year fixed & thereafter floating. 16%
5 Year Up to and including 3 years fixed & thereafter floating. 17%
More than 5 Year Up to and including 3 years fixed & thereafter floating. 18%
Sondurusewana Housing Loan 
Rate Type of Interest Rate Maximum Tenure
16% - 18% 1 Year Fixed Thereafter floating 7 Years
22% 2 Years Fixed Thereafter floating 7 Years
MSME, SME and Business purposes loans
Tenure Fixed Rate Floating Rate
1 Year 16.00% -22.00% 16.00% -22.00%
2 Year 16.00% -22.00% 16.00% -22.00%
3 Year 16.00% -22.00% 16.00% -22.00%
4 Year 17.00% -23.00% 16.00% -22.00%
5 Year 18.00% -24.00% 16.00% -22.00%
Pawning
(No concessions will be granted on the rate of interest on pawning advances)
  15.50% Fixed
Leasing /HP/Vehicle Loan
Tenure (Years) Commercial Vehicles Three Wheelers Private Vehicles
(Cars, SUVs, Double Cabs)
1 17.00% - 19.50% 20.00%  - 22.50% 16.00% - 17.50%
2 17.50% - 20.00% 16.00% - 17.50%
3 18.00% - 20.50% 16.25% -  17.75%
4 18.50% - 21.00% 22.00%  - 24.50% 16.25% - 17.75%
5 19.00% - 21.50% 16.50%  -   18.00%
Tenure (Years) Passenger Buses Vans Tractor/ Harvesting Machine / Motor Bike
1 20.00% - 22.50% 17.00% -  19.50% 24.00% - 27.00%
2 20.50% - 23.00% 17.50% -  20.00% 24.50% -  27.50%
3 21.00% - 23.50% 18.00% - 20.50% 25.00% -  28.00%
4 21.50% - 24.00% 18.50% - 21.00% 25.50% - 28.50%
5 22.00%- 24.50% 19.00% - 21.50% 26.00% - 29.00%
 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
N/A 
8.80%
9.00%
10.00%

 

4.85%

10.68%  
9.68%
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 191.79 207.09
EUR EUROPEAN CURRENCY UNIT 314.87 334.58
GBP BRITISH POUND 365.66 388.60
JPY JAPANESE YEN 1.85 1.99
SGD SINGAPORE DOLLAR 214.99 229.73
USD US DOLLAR 295.42 305.42

 

Foreign Currency Exchange Rates
Currency Code Currency Buying Rates Selling Rates
AUD AUSTRALIAN DOLLAR 191.79 207.09
EUR EUROPEAN CURRENCY UNIT 314.87 334.58
GBP BRITISH POUND 365.66 388.60
JPY JAPANESE YEN 1.85 1.99
SGD SINGAPORE DOLLAR 214.99 229.73
USD US DOLLAR 295.42 305.42