Rising Fixed Deposits Sri Lanka - Pan Asia Banking Corporation

The only investment option that gives your investment wings to fly high

This is 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, whereas it remains the same in case market rates fall.

Key features & benefits

Increase your interest rate in line with market rate increases and safeguards from risk of interest rate decreases
Maximum security for Fixed Deposits
Term availability: 2 years, 3 years, 4 years, 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 increasing interest rate.

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

Rising Fixed Deposits FAQs

How can I apply for a Rising Fixed Deposit?
Please visit your nearest branch to apply for a Rising Fixed Deposit. If you are an existing customer with the Internet banking facility, you can also open a Pan Asia Rising Fixed Deposit using Pan Asia Internet Banking.
What are the documents required to open a Rising Fixed Deposit?
● A copy of your NIC / Valid Driving License or a Valid Passport
● A utility bill to confirm your corresponding address, if differs from NIC / Driving License
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 Deposits 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 where 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 name.

Rising Fixed Deposits 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%