Fixed Deposit Calculator — Sri Lanka
Calculate your fixed-deposit maturity value and interest in LKR at current rates. No signup, no account needed.
Enter a deposit amount, a rate between 0% and 100%, and a term above zero (up to 50 years) to see results.
Fixed deposit rates in Sri Lanka (2026)
FD rates ≈ 8–10% p.a. for 1+ year. Senior citizens +1%. Licensed finance companies offer higher rates but have higher risk.
At around 9%, the fixed-deposit rate in Sri Lanka is relatively high in nominal terms.
Reference figures, ~2026. FD interest is often taxable and rates vary by bank and tenure - verify the current rate before depositing.
Worked example
For every LKR 1,500,000 deposited at 9.00% for 5 years (quarterly compounding):
- Maturity value: LKR 2,340,764
- Interest earned: LKR 840,764
Scale to your deposit amount. Longer tenures and higher rates grow the maturity value; compare banks before locking in.
How to get the best fixed-deposit return in Sri Lanka
- Compare several banks - smaller and digital banks often pay more than the big high-street names.
- Ladder your deposits across different tenures so some matures regularly and you can reinvest at new rates.
- Check how often interest compounds; more frequent compounding grows the maturity value.
- Factor in tax on the interest, and compare against short-term government bills or bonds.
A real-data rate check: fixed deposit rates in Sri Lanka (2026)
Generic fixed-deposit calculators often default to a round number like 5% or 10% without reflecting local conditions. In Sri Lanka the gap matters a lot: during the 2022-2023 debt crisis, banks briefly offered 12-month LKR fixed deposit rates above 20% to fight runaway inflation, and the Central Bank of Sri Lanka's (CBSL) key policy rate peaked near 15.5%. That era is over. As of the CBSL's Monetary Policy Review No. 2 of 2026 (25 March 2026), the Overnight Policy Rate (OPR) had eased to 7.75% with inflation running at just 1.6% year-on-year. By its Monetary Policy Review No. 3 of 2026 (22 July 2026), the CBSL had nudged the OPR back up to 8.75% as inflation rose to 6.8% y-o-y, showing rates have stabilized in a moderate single-digit range rather than continuing the crisis-era collapse or spike.
Bank-level data confirms this range. On the banks' own rate pages (checked 15 October 2026), 12-month LKR fixed deposit rates paid at maturity included Seylan Bank at 10.00% , Pan Asia Bank at 9.00% and People's Bank at 8.50% ; check Commercial Bank of Ceylon, Nations Trust Bank and Sampath Bank rates on each bank's own site. Even across these three banks the gap is 1.5 percentage points, meaning depositors who compare banks rather than accepting the first offer can meaningfully improve their return. The state-owned People's Bank currently sits toward the lower end at 8.50%, while Seylan sits at 10.00%.
A more realistic example: putting the middle of this observed range, 9% per annum, into the formula A = P(1+r/n)^(nt) on a LKR 100,000 deposit with monthly compounding (n=12) gives A = 100,000 × (1 + 0.09/12)^12 ≈ LKR 109,381 after one year — about LKR 9,381 in interest. Held for three years at the same rate with annual compounding (n=1), A = 100,000 × (1.09)^3 ≈ LKR 129,503, roughly LKR 29,503 in interest, illustrating how compounding accelerates growth over a longer horizon even without touching the principal.
Frequently Asked Questions
How is FD maturity calculated in Sri Lanka?
Maturity = P × (1 + r/4)^(4n) for quarterly compounding, where P is the deposit, r the annual rate and n the years. fin·calc uses this standard method.
What is the current FD rate in Sri Lanka?
As a 2026 reference, fixed-deposit rates are around 9% per year, varying by bank and tenure. FD rates ≈ 8–10% p.a. for 1+ year. Senior citizens +1%. Licensed finance companies offer higher rates but have higher risk.
Is FD interest taxable in Sri Lanka?
In most countries FD interest is taxable as income; some offer tax-advantaged or senior-citizen options. Check your local rules - the calculator shows the pre-tax maturity value.
Is a fixed deposit safe in Sri Lanka?
Fixed deposits carry no market risk. In Sri Lanka, bank deposits are typically protected by a national deposit-insurance scheme up to a set per-depositor limit. Confirm the current cap and which banks qualify before you deposit. They trade higher safety for lower long-term returns than equities.
Should I choose a fixed deposit or invest instead in Sri Lanka?
A fixed deposit gives a guaranteed return and suits money you cannot afford to risk. Investing targets higher long-term growth but can fall in value. Many people keep an FD for safety and invest separately for growth.
What is a realistic 12-month fixed deposit rate in Sri Lanka right now?
As of October 2026, published 12-month LKR fixed deposit rates from major Sri Lankan banks ranged from 8.50% (People's Bank) to 10.00% (Seylan Bank) on the banks' own rate pages, checked 15 October 2026. A rate around 9% reflects a realistic mid-range default for planning purposes.
Why were Sri Lankan fixed deposit rates so much higher in 2022-2023?
During Sri Lanka's 2022-2023 debt crisis, the Central Bank of Sri Lanka raised its policy rates sharply (to roughly 15.5%) to combat hyperinflation and currency instability, pushing 12-month bank fixed deposit rates above 20% at times. As inflation cooled and the economy stabilized, the CBSL's Overnight Policy Rate had eased to 7.75% by its March 2026 review before edging up to 8.75% in July 2026 amid a modest inflation uptick.
Do all Sri Lankan banks offer the same fixed deposit rate?
No. As of October 2026, rates varied meaningfully by bank — People's Bank offered 8.50% and Pan Asia Bank 9.00%, while Seylan Bank offered 10.00% for 12-month LKR deposits (check Commercial Bank, Nations Trust Bank and Sampath Bank on their own sites). Comparing banks before committing funds can add more than 1 percentage point of annual return.
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Sources
Deposit rates are compiled from each country's central-bank publications and the typical offerings of its major banks, reviewed for 2026 and subject to change — always confirm the current rate with your bank before depositing. See our methodology and editorial policy for how we source and update this data.
Additional sources for this page
Central Bank of Sri Lanka, Monetary Policy Review No. 2 of 2026 and No. 3 of 2026 (25 March 2026 and 22 July 2026): Overnight Policy Rate history and inflation context. Seylan Bank, Interest Rates (12-month LKR FD 10.00% at maturity, w.e.f. 22 July 2026) (accessed 15 October 2026). Pan Asia Bank, Fixed Deposits Rates (12-month LKR FD 9.00% at maturity, effective 25 September 2026) (accessed 15 October 2026). People's Bank, Interest Rates (12-month LKR FD 8.50% at maturity, w.e.f. 9 June 2026) (accessed 15 October 2026). See our methodology and editorial policy for how we source and update this data.