What happen to 2016 senior citizen 15% Deposit implement or not ....

ddrperera

ddrperera

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Last year 2015 March mini Budget proposal 15% senior citizen FD implemented.what happen to 2016 year ..any body have news please share... Very Happy

:DMost of 15% FD Closed 2016 March....still have only one month...

Brinthan

Brinthan

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Don't worry...The banks will renew FDs further one year @the rate of 15%..

worthiness

worthiness

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Simple explanation from banks is no directive from CB received to effect the budget proposal offered for senior citizens. Critically it is said that budget proposals presented have been caught in a bureaucratic quagmire. Apparently many confusions had been occurred by changing the age level of defined senior citizen, ceiling of principal to be invested & the interest rate. Similar to last year drama, some suggest more pressure to be loaded to the government to speed up the scheme.

Teller

Teller

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This is one of the biggest lie from yahapalana government.

Chinwi

Chinwi

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Yep.
When I was in the ... bank an old lady asked this and the reply was "we are waiting for directives" and that's all.

worthiness

worthiness

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Non-implementation or delaying of the scheme displays the poor coordination among top institutions & utter inefficiency of action plan in administrative process.
Eventually government is responsible & should think of growing discontent & skepticism from senior citizens.

jayathu

jayathu

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My father got 15% rate from BOC week ago

jayathu

jayathu

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Lot of banks don't want encourage this scheme from there bank cause they only recover portion of the extra interest paid to customer through CB. Jst complain the bank and branch details to CB help desk.

My father got it from BOC kollupitiya branch.

dimuthubasd

dimuthubasd

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Jayathu what is the age limit for boc scheme 55 or 60 old

jayathu

jayathu

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My father is 56yrs old

dimuthubasd

dimuthubasd

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Same age as my father. So the 55 age above 15 % int rate scheme has begun. Last week I asked from a private bank said they haven't received the circular to pay above 55 age limit yet. Anyway thanks for the reply.

Brinthan

Brinthan

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All the banks pay 15% interest who above 60 years old up to 1 million...In the last budget proposal the govt annonused the 1 million increased up to 1.5 million..But it will still not implemented from CB...

Otherwise you can get 15% up to 1 million
Age limit above 60...

dimuthubasd

dimuthubasd

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Jayathu today I asked the boc Galle branch for this scheme (above 55 age). But they say so far they give above 60 not 55. R u sure this age limit is above 55. Their answer is still don't get the circular for 55 age limit

Joe007

Joe007

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My mother is having with People bank. Invested maximum of 1 million rupees at the rate of 15% on maturity or 14.06% on monthly interest payment.

My mother visited and asked to enter the special scheme few days before she has reached 60 years old but the bank refused and asked her to come on the day or after she has reached 60 years old. Also they explained that it is very very scheme due to that they have to follow the procedure. If anyone is offered the scheme before they have reached 60 years old then I believe that the bank will have to take responsibility and the bank will have to take the extra paid interest as loss because central bank won't accept.

Joe007

Joe007

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Also finance companies are offering more than 10% for anyone above 55 years old for the period of 2 years I believe. If you have extra money can invest but don't deposit all at one finance company. LFIN, PLC,MERC are offering nearly same rate and above 10%. Also please check with PABC as well.

glad

glad

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All senior citizens must stage 'fast unto death' in front of parliament. Some may die and those who survive may reap the benefits.

ddrperera

ddrperera

Vice President - Equity Analytics

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ddrperera wrote:Last year 2015 March mini Budget proposal 15% senior citizen FD implemented.what happen to 2016 year ..any body have news please share... :DMost of 15% FD Closed 2016 March....still have only one month...

still not y too late....applicable only to 1 million,,
what happen to 1.5 million.

Yahapalanaya

Yahapalanaya

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jayathu wrote:My father got 15% rate from BOC week ago

Yes you are correct.My in-laws also got.

CSE is green.Now some people want to find someother mistake from goverment... look like all forum members 90s....oh boy.. Very Happy

SLBOY

SLBOY

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we don't want to see mistakes in government. But their the the people who make funny at least even in a one month. As a citizen we are waiting to see improvement in communication and efficiency in administration and dircect coordination between institutions and governme departments and etc. but problem is when will they correct. ....

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What happen to 2016 senior citizen 15% Deposit implement or not ....

1 What happen to 2016 senior citizen 15% Deposit implement or not .... Mon Feb 15, 2016 9:11 pm

ddrperera

2 Re: What happen to 2016 senior citizen 15% Deposit implement or not .... Mon Feb 15, 2016 9:19 pm

Brinthan

3 Re: What happen to 2016 senior citizen 15% Deposit implement or not .... Tue Feb 16, 2016 10:08 am

worthiness

4 Re: What happen to 2016 senior citizen 15% Deposit implement or not .... Tue Feb 16, 2016 11:08 am

Teller

5 Re: What happen to 2016 senior citizen 15% Deposit implement or not .... Tue Feb 16, 2016 11:42 am

Chinwi

6 Re: What happen to 2016 senior citizen 15% Deposit implement or not .... Tue Feb 16, 2016 12:46 pm

worthiness

7 Re: What happen to 2016 senior citizen 15% Deposit implement or not .... Tue Feb 16, 2016 2:15 pm

jayathu

8 Re: What happen to 2016 senior citizen 15% Deposit implement or not .... Tue Feb 16, 2016 2:19 pm

jayathu

9 Re: What happen to 2016 senior citizen 15% Deposit implement or not .... Tue Feb 16, 2016 4:06 pm

dimuthubasd

10 Re: What happen to 2016 senior citizen 15% Deposit implement or not .... Tue Feb 16, 2016 4:28 pm

jayathu

11 Re: What happen to 2016 senior citizen 15% Deposit implement or not .... Tue Feb 16, 2016 5:10 pm

dimuthubasd

12 Re: What happen to 2016 senior citizen 15% Deposit implement or not .... Tue Feb 16, 2016 6:16 pm

Brinthan

13 Re: What happen to 2016 senior citizen 15% Deposit implement or not .... Wed Feb 17, 2016 1:56 pm

dimuthubasd

14 Re: What happen to 2016 senior citizen 15% Deposit implement or not .... Wed Feb 17, 2016 2:26 pm

Joe007

15 Re: What happen to 2016 senior citizen 15% Deposit implement or not .... Wed Feb 17, 2016 2:34 pm

Joe007

16 Re: What happen to 2016 senior citizen 15% Deposit implement or not .... Wed Feb 17, 2016 8:44 pm

glad

17 Re: What happen to 2016 senior citizen 15% Deposit implement or not .... Tue Apr 19, 2016 11:31 pm

ddrperera

18 Re: What happen to 2016 senior citizen 15% Deposit implement or not .... Wed Apr 20, 2016 4:20 am

Yahapalanaya

19 Re: What happen to 2016 senior citizen 15% Deposit implement or not .... Wed Apr 20, 2016 5:29 am

SLBOY

20 Re: What happen to 2016 senior citizen 15% Deposit implement or not ....

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