Accordingly, the maximum deposit interest rates that could be offered by Licensed Finance Companies to a person who is over 55 years is as follows; a. Savings deposits accepted or maintained shall be 9.58% per annum.
Time deposits accepted or renewed shall be for maturity period of one year or less - 13.01% per annum and for maturity period of over one year and up to three years - 14.01% per annum and for maturity period of over three years - 15.51% per annum. (PRIU)