Highest Interest Rates for Savings and Deposits | SDB bank Sri Lanka

Deposit Rates

Product Type	Interest Rate (p.a) - w.e.f. 22nd Feb 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%	8.75%	8.75%	9.00%	10.00%	10.50%	13.00%	14.00%
AER	7.23%	9.04%	8.94%	9.00%	9.54%	9.56%	11.04%	11.20%
Monthly	-	-	-	8.25%	9.25%	9.75%	10.25%	10.75%
AER	-	-	-	8.57%	9.65%	10.20%	10.75%	11.30%
With effect from 4th March 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%	8.75%	8.75%	9.50%	10.50%	11.00%	13.00%	14.00%
AER	7.23%	9.04%	8.94%	9.50%	10.00%	9.97%	11.04%	11.20%
Monthly	-	-	-	8.75%	9.75%	10.25%	10.75%	11.25%
AER	-	-	-	9.11%	10.20%	10.75%	11.30%	11.85%
*With effect from 4th March 2024.*
* Conditions apply

Minor FD Rates

	12 Months	24 Months	36 Months	48 Months	60 Months
Nominal	9.00%	10.00%	10.50%	13.00%	14.00%
AER	9.00%	9.54%	9.56%	11.04%	11.20%
*With effect from 4th March 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%	22.00% - 24.50%	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	184.82	199.56
EUR	EUROPEAN CURRENCY UNIT	308.77	328.10
GBP	BRITISH POUND	360.41	383.03
JPY	JAPANESE YEN	1.86	2.00
SGD	SINGAPORE DOLLAR	212.56	227.13
USD	US DOLLAR	295.91	305.93