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Fixed Deposits

Now you can invest your hard earned money in secured, trusted and high earning Fixed deposits at Assetline Finance Limited. We offer Fixed Deposits with interest rates based on the tenure from 1 - 60 months. Deposit holders are also eligible for a Deposit insurance coverage of up to Rs.1,100,000 based on the amount deposited under the Sri Lanka deposit insurance scheme implemented by the monetary board of Central Bank of Sri Lanka.

Applicable Interest Rates - Fixed Deposits (Effective from 02nd July 2024)

Period Monthly Maturity
(Months) Nominal Rate AER Nominal Rate AER
01 month     8.00% 8.30%
03 months 8.25% 8.57% 8.50% 8.77%
06 months 8.50% 8.84% 9.00% 9.20%
12 months 9.25% 9.65% 9.75% 9.75%
24 months 10.00% 10.47% 11.00% 10.45%
36 months 10.50% 11.02% 11.25% 10.18%
48 months 10.50% 11.02% 11.75% 10.11%
60 months 11.00% 11.57% 12.00% 9.86%

A.E.R – Annual Effective Rate

Who is eligible?

Individuals

    Sri Lankan residents above 18 years old can open fixed deposit accounts. Minors can also open accounts with a guardian as a joint depositor

Company

    Registered corporate and other institutions in Sri Lanka

What are the documents required?

Individual

    Completion of FD mandate along with Customer Due Diligence (CDD) requirements and required documentation.

    Copy of valid NIC or driving license/ passport which carries the NIC number.

    Documentary evidence for address verification, if the residential address differs from NIC or DL.

     Verification of nominee (If required).

Corporate & other Institutions

    Completion of FD mandate.

    Complete Corporate Customer Due Diligence (CDD) and required documentation.

    Business registration/Certificate of Incorporation/copy of registered Act/Articles of associations, Board resolution, declaration of beneficial ownership, data collection forms of directors/authorized signatories letter, identification document of authorized signatories, authorized signatories letter, form 20.

    Documentary evidence for address verification (utility bill or bank statement under company name)

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