Rising Fixed Deposit Sri Lanka - Pan Asia Banking Corporation

The only investment option that gives your business funds/investments wings to fly

A unique Fixed Deposit where interest increases every six months. Your investment return continues to increase during your investment period based on the market rate, where it will remain the same in case market rates fall.

Key features & benefits

Increase your interest rate in line with market rate increases and safeguard from risk of interest rate decreases
Maximum security
Term availability: 2, 3, 4 and 5 years
A hassle-free investment opportunity

Rates & fees

Click here to see the rates for this product
Click here to see the fees for this product

Grow your investment with a Fixed Deposit that has an option to further increase your interest rates as the market interest rates go up.

Call or visit your nearest Pan Asia branch to learn about Rising Fixed Deposits!

Rising Fixed Deposit FAQs

How can I apply for a Rising Fixed Deposit?
You may contact your respective account manager or our Corporate Banking Division on 0114667203 or 0773825418 (from 8.30 am to 5.00 pm on weekdays excluding banking holidays) to assist you.
What are the documents required to open a Rising Fixed Deposit?
All existing clients may open an account with a request letter and submit required supporting documents subsequently.

All new customers who seek to open an account with us should contact our Corporate Banking Division on 0114667203 or 0773825418 (from 8.30 am to 5.00 pm on weekdays excluding banking holidays) for more details.
How do the Rising Fixed Deposits Work?
Every six months from the date of the deposit, the automated system will validate the interest rate against applicable market interest rates, and increase your Rising Fixed Deposit interest rate accordingly.

If the interest rates have gone up, the deposit will match the increased rate, subject to the maximum interest rate agreed at the time of deposit placement.

However, in the event that there is a reduction in interest rates, the Fixed Deposit will continue to earn interest at the same rate the Fixed Deposit was placed.

The interest rate prevailing at the time of Fixed Deposit placement will be the minimum guaranteed rate throughout the Fixed Deposit tenure.
What is the minimum deposit to start a Rising Fixed Deposit?
A minimum of Rs.100,000/- is required to start a Rising Fixed Deposit.
What are the options for interest payment?
Interest will be paid at maturity, bi-annually or monthly. If you select the monthly or bi-annual interest payment options, you are required to provide an account operating under your corporate/business name.

Rising Fixed Deposit Rates & Fees

With effective from:- 2023-07-07

2 Years (24 months)

	Interest paid at Maturity		Interest paid monthly		Interest paid bi-annually
	Int. Rate	AER	Int. Rate	AER	Int. Rate	AER
Ongoing Rate	10.50%	10.00%	9.57%	10.00%	9.76%	10.00%
Minimum Rate	10.50%	10.00%	9.57%	10.00%	9.76%	10.00%
(Floor Rate)	10.50%	10.00%	9.57%	10.00%	9.76%	10.00%
Maximum Rate	11.88%	11.25%	10.71%	11.25%	10.95%	11.25%
(Cap Rate)	11.88%	11.25%	10.71%	11.25%	10.95%	11.25%

3 Years (36 months)

	Interest paid at Maturity		Interest paid monthly		Interest paid bi-annually
	Int. Rate	AER	Int. Rate	AER	Int. Rate	AER
Ongoing Rate	11.00%	9.97%	9.54%	9.97%	9.73%	9.97%
Minimum Rate	11.00%	9.97%	9.54%	9.97%	9.73%	9.97%
(Floor Rate)	11.00%	9.97%	9.54%	9.97%	9.73%	9.97%
Maximum Rate	12.53%	11.22%	10.68%	11.22%	10.92%	11.22%
(Cap Rate)	12.53%	11.22%	10.68%	11.22%	10.92%	11.22%

4 Years (48 months)

	Interest paid at Maturity		Interest paid monthly		Interest paid bi-annually
	Int. Rate	AER	Int. Rate	AER	Int. Rate	AER
Ongoing Rate	11.50%	9.92%	9.50%	9.92%	9.69%	9.92%
Minimum Rate	11.50%	9.92%	9.50%	9.92%	9.69%	9.92%
(Floor Rate)	11.50%	9.92%	9.50%	9.92%	9.69%	9.92%
Maximum Rate	13.19%	11.17%	10.64%	11.17%	10.88%	11.17%
(Cap Rate)	13.19%	11.17%	10.64%	11.17%	10.88%	11.17%

5 Years (60 months)

	Interest paid at Maturity		Interest paid monthly		Interest paid bi-annually
	Int. Rate	AER	Int. Rate	AER	Int. Rate	AER
Ongoing Rate	12.00%	9.86%	9.44%	9.86%	9.63%	9.86%
Minimum Rate	12.00%	9.86%	9.44%	9.86%	9.63%	9.86%
(Floor Rate)	12.00%	9.86%	9.44%	9.86%	9.63%	9.86%
Maximum Rate	13.86%	11.11%	10.58%	11.11%	10.82%	11.11%
(Cap Rate)	13.86%	11.11%	10.58%	11.11%	10.82%	11.11%