Rising Fixed Deposit 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, 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 safeguards from risk of interest rate decreases
Maximum security for Fixed Deposits
Tenure 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.

Contact us or visit the nearest Pan Asia Bank branch to learn about our Pan Asia Rising Fixed Deposits!

Pan Asia Rising FD FAQs

How can I apply for a Rising Fixed Deposit?
Please visit your nearest branch to apply for a Rising Fixed Deposit.
What are the documents required to open a Rising Fixed Deposit?
● Completed Mandate
● Business Registration Form
● Any other additional documentation requested by the branch depending on the type of entity
How does the Rising mechanism of the Rising Fixed Deposit work?
Every six months from the date of the deposit, the automated system will validate the interest rate against applicable market interest rates and will 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 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 business name.

Pan Asia Rising FD 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%