Leader of the House, Minister Bimal Ratnayake, announced in Parliament yesterday that the Finance Ministry will raise the interest rates on senior citizens’ fixed deposits (FDs) through the upcoming Budget.
Responding to a query by Chief Opposition Whip Gayantha Karunathilaka, Minister Ratnayake confirmed that the Finance Ministry has paid special attention to addressing the current reduction in interest rates for senior citizens’ FDs.
Chief Opposition Whip Karunathilaka highlighted that the National People’s Power’s (NPP) policy manifesto, “A Rich Country, a Beautiful Life”, promises an increase of five percent above the normal interest rate for senior citizen fixed deposits.
Minister Ratnayake’s assurance aligns with the government’s efforts to provide financial relief and security to the country’s elderly population amidst rising economic challenges.
