Regulatory Alerts2020-04-24 | Finance Business Act Directions No. 4 of 2020Added · Updated
Amendments to the Maximum Interest Rates on Deposits and Debt Instruments
The Monetary Board of the Central Bank of Sri Lanka replaces previous directions with new maximum interest rates for Licensed Finance Companies (LFCs) on Sri Lanka Rupee deposits and debt instruments. For LKR deposits, rates are capped based on the Savings Deposit Fixed Rate (SDFR) or Treasury bill (T-bill) rates plus specified margins ranging from 0.25% to 3.75% depending on tenure. Debt instruments are subject to similar caps, with rates set at the T-bill rate plus margins between 0.50% and 4.25%. The Finance Business Act Directions No. 03 of 2019 are withdrawn with effect from the date of this direction.
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