Updated On: 26th June 2017

Compare Retirement Schemes in Sri Lanka

Why do I need a Retirement Plan?
To live the retirement life free of financial difficulties
To have money for monthly expenses
For a guaranteed monthly benefit

Institution Name Name Age Elgiblity Retirement Benefit If Contribution not paid More
BOC
BOC
BOC Abhimana Retirement Scheme Above 18 Any Sri Lankan individual above 18 years of age
Private sector employees
Semi-government employees (Government Corporations / Boards / Authorities)
Self employed persons
Non – resident Sri Lankans(not for dual citizenship holders)
Retired persons (by paying Provident Fund or Savings as a Lump sum)
Private sector employers (for their employees through joint contributions)
Monthly retirement benefits will be credited to the Savings Account and can be withdrawn from any BOC branch or from an ATM etc. Retirement plan can be activated by depositing the due amounts .
If you fail to make 12 consecutive monthly installments, the retirement plan will be terminated and outstanding amount will be returned.
Go
Commercial Bank
Commercial Bank
Future Pensions Plan 18 - 65 Any Sri Lankan (Resident or Non Resident) over the age of 18 to 65 can join Future Pensions Plan. You can receive a monthly pension amount from Rs.10,000/- up to a maximum of Rs.100,000/- If the monthly installments are not paid regularly for a period of 02 (Two) consecutive months, retirement plan will be discontinued and converted to an ordinary Savings Account. The applicable interest rate will be at prevailing ordinary Savings offered rate. Go
National Savings Bank
NSB
NSB Pension + Any Sri Lankan citizen who is over 16 years of age. Sri Lankan citizen over 16 years of age a life time pension and the nominee benefiting with the residual value or
a periodic pension over a specified period of time with no residual value or
the entire balance as a lump sum or a combination of any of the above
- Go
Disclaimer: Please note that the interest rates given here are based on the market research. To enable the comparisons certain set of data has been reorganized / restructured / tabulated . Users are advised to recheck the same with the individual companies / organizations. Ideabeam.com does not take any responsibility for any sudden / uninformed changes in interest rates.
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