Wakala Term Investments
LB Finance Savings

Our Wakala Term Investments offer you an attractive profit share feature, where profits are based on the tenure starting from 1 month to 60 months. Your profits will be paid at maturity or monthly as per your preference. Any amount above Rs. 50,000/= could be invested in this product for which there won't be any 'Opening Fee'. A wakeel fee of 0.12% p.a. is deducted as a maintenance fee from the investment amount, and is subject to a ceiling of Rs.1000.00. This amount will be deducted from your very first profit payment. You are also eligible for a Deposit Insurance Coverage of a maximum of up to Rs.1,100,000.00 based on the amount invested.

Anticipated Rates of Return;

Period

 

Normal

 

 

Senior

 

Monthly

A.E.R

Maturity

A.E.R

Monthly

A.E.R

Maturity

A.E.R

1 Months

  

 

8.00%

8.30%

 

 

8.00%

8.30%

50 Days

 

 

8.00%

8.28%

 

 

8.00%

8.28%

3 Months

8.00%

8.30%

8.50%

8.77%

8.00%

8.30%

8.50%

8.77%

6 Months

8.25%

8.57%

8.75%

8.94%

8.25%

8.57%

8.75%

8.94%

1 Year

9.15%

9.54%

9.65%

9.65%

9.65%

10.09%

10.15%

10.15%

15 Months

9.40%

9.82%

9.90%

9.78%

9.90%

10.36%

10.40%

10.27%

18 Months

9.65%

10.09%

10.15%

9.91%

10.15%

10.64%

10.65%

10.38%

2 Years

10.25%

10.75%

11.00%

10.45%

10.75%

11.30%

11.50%

10.91%

3 Years

10.50%

11.02%

11.25%

10.18%

11.00%

11.57%

11.75%

10.59%

4 Years

10.50%

11.02%

11.75%

10.11%

11.00%

11.57%

12.25%

10.48%

5 Years

11.00%

11.57%

12.25%

10.03%

11.50%

12.13%

12.75%

10.37%


Effective Date : 13th June 2024

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Restrictions on opening an account/ closing an account/ transfer of funds by customers:

  • Investors of age below 18 years (minors) are not allowed to open investment accounts. However minor investments are accepted along with a guardian as a joint depositor.
  • If the age of the investor is below 18 years, the investment cannot be withdrawn until the minor account holder attains the age of maturity.
  • A Power-of-Attorney is required for investments made by Sri Lankans who reside abroad.
  • Sri Lankans who do not hold a valid NIC/PP are not eligible.
  • Foreigners who do not hold residence visas in Sri Lanka are not eligible.
  • In the event of premature withdrawal, the applicable profit rate will be decided by the management at their sole discretion.