- The Government has decided to implement a Special Fixed Deposit Scheme for Senior Citizens as proposed in the Budget Speech for the year 2025. Accordingly, the proposal made by the Hon. President in his capacity as the Minister of Finance, Planning and Economic Development to implement the proposed Special Fixed Deposit Scheme as follows, was approved by the Cabinet:

* Implementation of this scheme for fixed deposits opened by Sri Lankan citizens aged 60 years or above during the period from 2025‑07‑01 to 2025‑12‑31.

* The tenure of the fixed deposit should be 12 months (one year) and the maximum deposit value is one million rupees.

* Payment of interest at the rate of 3% per annum plus the Average Weighted Fixed Deposit Interest Rate (AWFDR) or the rate of interest at the fixed deposit rate of the relevant bank plus 3%, whichever is higher.

* Allocation of Rs.30 billion for the payment of interest subsidy for the entire programme.