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Sri Lanka gives 15-pct interest on senior citizens’ deposits

EconomyNext – Sri Lanka will give a special 15 percent interest rate to deposits of senior citizens in banks of up to one million rupees, Finance Minister Ravi Karunanayake said.

Pension allowances of state workers will also be raised by 1,000 rupees from April, he told parliament while presenting the government’s interim budget.

This will cost an extra 4,900 million rupees.