special 12% int rate for pensioners from government banks

RPPA

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So other banks also has to offer this rate.

And a 12% bond will be issued by CBSL to compensate that.

The issue for CSE is will the funds taken out from here by them.

Shocked

Sarabulathwita

Sarabulathwita

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ape dada goda,

dada ge namata, aran market eke danna puluwan

patta athalne malli ape santa MR

Market R

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What is the age limit 55 or 60?

stockback

stockback

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RPPA wrote:So other banks also has to offer this rate.

And a 12% bond will be issued by CBSL to compensate that.

The issue for CSE is will the funds taken out from here by them.

Rajaye wishramikyek wenna ona. Oppu karanna puluwan wennath ona rajaye rakshawa krana kale hamba karapu mudal kiyala

mama hithanne naha practical deyak kiyala.

Oka loku carret alayak. ehemnam hamamo ammalage, thathlage nam walin salli thnapath karayine.
Housing loan 11%, how come this one 12%

ethakota ona kenekta 1% labayak ganna puluwan demapiyange namin salli dala. bank eken aran

boru prodwak chande ganna

NC

NC

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This having a serious issue... too much double digit number Shocked

Is't for pensioners or elders..?
What's the age limit...?
Some one could obtain a loan and could pay back with interest received plus a profit in hand..?

Overall, not good for performance of CSE as well..

RPPA

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NC wrote:This having a serious issue... too much double digit number
Is't for pensioners or elders..?
What's the age limit...?
Some one could obtain a loan and could pay back with interest received plus a profit in hand..?

Overall, not good for performance of CSE as well..

API HARIHATA THAMA DANNE NA ne. Monday balamu.

Market R

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Hmm, Some time only government banks offer this with many ristrictions like Max investment amoumt, proof of EPF & ETF amount and more.. Or loan intrest rate will go up to 12% or more.

schemer

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this is not a practical case. before they gave 1% for senior citizens and that also reduced or removed later.then how can they give extra 6-7% .
they will put some conditions/limit,or income limit etc . for example, maximum deposit amount is 100,000/= per pensioner etc.for that also they might ask grama niladari certificate etc... .

let see how they are going to do this.

NC

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Market R wrote:Hmm, Some time only government banks offer this with many ristrictions like Max investment amoumt, proof of EPF & ETF amount and more.. Or loan intrest rate will go up to 12% or more.

Cannot think loan rate will be 12% or above, its against the CB monetary policy.. (bcz if the rate increase all the system will be reverse again)..
So how they going to do this..??
Hope only man who knows how to do this is PBJ... Very Happy

RPPA

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NC wrote:

Market R wrote:Hmm, Some time only government banks offer this with many ristrictions like Max investment amoumt, proof of EPF & ETF amount and more.. Or loan intrest rate will go up to 12% or more.

Cannot think loan rate will be 12% or above, its against the CB monetary policy.. (bcz if the rate increase all the system will be reverse again)..
So how they going to do this..??
Hope only man who knows how to do this is PBJ...

NC

Budget hinda graph eka wenas wenne na neda.

Aluth ekak andinna weida danne na.

Dr Stock

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Will have a impact on graph.
Ultimately will reach the target but more time will be taken to reach it than expected.

Balanced_Views

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RPPA wrote:So other banks also has to offer this rate.

And a 12% bond will be issued by CBSL to compensate that.

The issue for CSE is will the funds taken out from here by them.

NO NO! This is so that interest rate in general can be kept low

Only small percentage of money in CSE is from pensioners. This is a good strategy to keep interest rates low. Good for CSE

RPPA

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Balanced_Views wrote:

RPPA wrote:So other banks also has to offer this rate.

And a 12% bond will be issued by CBSL to compensate that.

The issue for CSE is will the funds taken out from here by them.

NO NO! This is so that interest rate in general can be kept low

Only small percentage of money in CSE is from pensioners. This is a good strategy to keep interest rates low. Good for CSE

Monday the market will give the direction. Should be positive i guess.

NC

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MR said;
- Both, elders and pensioners to pay 12% interest rate per annum for deposits in Govt. banks.
- Commercial banks and financial institutes is motivated to pay 11% interest rate on elders deposits.
- Deposits of elders is to be free from WHT and WHT to be reduced to 2.5% from next year.

Listen; 2:40

dineshfernando

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WHT to be reduced to 2.5%?

Is this for the dividend income as well. Then it's good for all the investors and companies too.

gayanath1983

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good news for pensioners..

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special 12% int rate for pensioners from government banks

1 special 12% int rate for pensioners from government banks Fri Oct 24, 2014 4:16 pm

RPPA

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Sarabulathwita

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Market R

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stockback

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NC

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RPPA

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Market R

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schemer

9 Re: special 12% int rate for pensioners from government banks Fri Oct 24, 2014 6:26 pm

NC

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Dr Stock

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