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

  

 

6.00%

6.17%

 

 

6.00%

6.17%

50 Days

 

 

6.00%

6.16%

 

 

6.00%

6.16%

3 Months

6.00%

6.17%

6.50%

6.66%

6.00%

6.17%

6.50%

6.66%

6 Months

6.25%

6.43%

6.75%

6.86%

6.25%

6.43%

6.75%

6.86%

1 Year

7.15%

7.39%

7.65%

7.65%

7.65%

7.92%

8.15%

8.15%

15 Months

7.40%

7.66%

7.90%

7.82%

7.90%

8.19%

8.40%

8.32%

18 Months

7.65%

7.92%

8.15%

7.99%

8.15%

8.46%

8.65%

8.47%

2 Years

8.25%

8.57%

9.00%

8.63%

8.75%

9.11%

9.50%

9.09%

3 Years

8.50%

8.84%

9.25%

8.51%

9.00%

9.38%

9.75%

8.93%

4 Years

8.50%

8.84%

9.75%

8.58%

9.00%

9.38%

10.25%

8.97%

5 Years

9.00%

9.38%

10.25%

8.63%

9.50%

9.92%

10.75%

8.98%

Effective Date : 01st July 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  • If the age of the investor is below 18 years, the investment cannot be withdrawn until the minor account holder attains the age of maturity.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.