Bank of Ceylon is the largest bank of Sri Lanka that provides its customers with services like fixed deposits and savings accounts at a reasonable rate of interest. Any Sri Lankan citizen above the age of 18 years is eligible to open a fixed deposit account.
Save upto ₹46,800 in tax under Sec 80C
Inbuilt Life Cover
Tax Free Returns Unlike FD
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
BANKS | GENERAL CITIZENS | SENIOR CITIZEN |
Axis Bank FD Rates | 2.50% - 5.75% | 2.50% - 6.50% |
Bandhan Bank FD Rates | 3.00% - 5.00% | 3.75% - 5.75% |
Bank of Baroda FD Rates | 2.80% - 5.25% | 3.30% - 6.25% |
Bank of India FD Rates | 2.85% - 5.05% | 3.35% - 5.55% |
Canara Bank FD Rates | 2.90% - 5.40% | 2.90% - 5.90% |
Central Bank of India FD Rates | 2.75% - 5.00% | 2.90% - 3.25% |
DBS Bank FD Rates | 2.50% - 5.50% | 3.50% - 6.00% |
HDFC Bank FD Rates | 2.50% - 5.60% | 3.00% - 6.35% |
IDFC Bank FD Rates | 2.50% - 6.00% | 3.00% - 6.50% |
Indian Bank FD Rates | 2.90% - 5.15% | 3.40% - 5.65% |
Indian Overseas Bank FD Rates | 3.40% - 5.20% | 3.90% - 5.70% |
IndusInd Bank FD Rates | 2.50% - 6.00% | 3.00% - 6.50% |
Punjab National Bank FD Rates | 2.90% - 5.25% | 3.50% - 5.75% |
SBI FD Rates | 5.30% - 5.40% | 5.80% - 6.20% |
UCO Bank FD Rates | 2.55% - 5.05% | 3.80% - 6.30% |
Yes Bank FD Rates | 3.25% - 6.25% | 3.75% - 7.25% |
The rate of interest that is applicable on FD rates depends upon the tenure of the deposit. The Bank of Ceylon fixed Deposit interest rates with effect from 15.02.2021 are mentioned in the following table.
Rates of Interest on a Regular FD Account
Term | Interest Payment Time | Rate % per annum |
1 month | At maturity | 4.00 |
3 months | At maturity | 4.50 |
6 months | At maturity | 4.75 |
1 year | General | |
At maturity | 5.00 | |
At monthly | 4.75 | |
Senior Citizens (General) | ||
At maturity | 6.00 | |
At monthly | 5.75 | |
Senior Citizens (Special) | ||
At maturity | 15.00 | |
At monthly | 14.06 | |
2 years | At maturity | 6.00 |
At monthly | 5.25 | |
At annually | 5.75 | |
3 years | At maturity | 6.25 |
At monthly | 5.25 | |
At annually | 5.75 | |
4 years | At maturity | 6.50 |
At monthly | 5.25 | |
At annually | 5.75 | |
5 years | At maturity | 6.75 |
At monthly | 5.25 | |
At annually | 5.75 |
Fixed deposit schemes by the Bank of Ceylon offer multiple benefits to its customers. Some of them are:
Bank of Ceylon Fixed Deposit calculator is an easy-to-use, hassle-free tool that helps in quick calculation of the maturity amount and the interest earned receivable at the end of the policy tenure. By entering some basic details, you can calculate the correct FD amount. Here are the steps that an investor needs to follow to calculate Fixed Deposit rates on the FD Calculator:
The amount that is invested
The Rate of Interest offered
The tenure of the Fixed Deposit Account
The compounding period, that is, yearly, half-yearly, quarterly, or monthly
The FD Amount
Once entered the following details, an investor will come to know:
The maturity value of the FD
The total interest earned during the complete tenure
Different types of Bank of Ceylon fixed deposit accounts are:
Some of the additional features of fixed deposits and their interest rates are:
Although the Bank of Ceylon can provide maximum financial stability to the account holders, customers must remain updated on potential perils. The fixed deposit rates are subject to market trends and government policies.