Richard Pieris Finance Strengthens Senior Citizen Savings with Monthly Interest Fixed Deposits

At a time when predictable income and financial security are critical for retirees, Richard Pieris Finance Limited has enhanced its senior citizen fixed deposit offering with a strong emphasis on monthly interest payouts, enabling depositors to receive a regular, dependable income stream while preserving their capital.

The senior citizen fixed deposit scheme offers monthly interest payments across multiple tenures, including a standout 25-month option that provides senior citizens the opportunity to enjoy one of the best rates currently available. Under the scheme, interest rates are offered at 11.09% for 12 months and 12.50% for 25 months, with the 25-month deposit delivering an annual equivalent rate (AER) of 13.24%. Designed to support monthly living expenses and retirement planning, the scheme reflects the Company’s focus on combining dependable monthly income with long-term institutional stability.

The offering is underpinned by Richard Pieris Finance’s strong financial fundamentals and governance framework. The Company holds a Fitch Rating of ‘A(lka)’ with a Stable Outlook, reflecting prudent risk management and financial strength. Eligible deposits are also covered under the Sri Lanka Deposit Insurance and Liquidity Support Scheme, providing an additional layer of reassurance to depositors.

Commenting on the initiative, CEO Mr. Lohika Fonseka noted that providing reliable, monthly income-based savings instruments for senior citizens remains a priority, particularly in an environment where retirees value transparency, security, and consistency. He added that the scheme reflects the Company’s broader commitment to responsible financial solutions backed by regulatory oversight and trust.

With an expanding islandwide branch network, Richard Pieris Finance continues to make its senior citizen deposit facilities easily accessible through personalised, face-to-face service at branch level, supported by simplified documentation and efficient processing. This branch-led approach ensures that senior citizens receive guidance and support tailored to their individual needs.

Richard Pieris Finance Limited is a Central Bank Licensed Company. It is also a proud member of the Richard Pieris Group, one of Sri Lanka’s largest and most diversified conglomerates, whose business interests span sectors such as retail, manufacturing, plantations, financial services, and insurance. The Group’s financial services arm includes Arpico Insurance Limited and Richard Pieris Finance Limited, reflecting a shared commitment to financial inclusion, customer confidence, and sustainable growth.

For more details call 0706 887 766 or check the website www.rpfinancelk.com