Tag: interest

October 2, 2025

Why Are Sri Lankans Pulling Out Fixed Deposits — And What Could Happen to Banks?

In recent months, many Sri Lankans have started withdrawing their fixed deposits (FDs) from banks. The reason? New tax rules…

September 25, 2025

Why You Might Still Owe Tax on Fixed Deposit Interest in Sri Lanka – Even After 10% is Deducted

If you’re earning interest on fixed deposits in Sri Lanka, you’ve likely noticed that banks automatically deduct 10% as withholding…