🇱🇰 Your Savings Earn Interest, But Bank Fees Eat It All
⭕ Savings accounts in Sri Lanka are reaching a point where many customers may effectively earn a negative return.
⭕ You deposit your money with the bank, The bank uses those funds to generate income, but the charges imposed on your account exceeds the interest you receive..
⭕ Customers may have to pay more than Rs. 1,000 annually for digital banking apps, Rs. 25 to Rs. 50 for transfers, debit card fees, account maintenance charges and other service fees.
⭕ On top of this, 10% withholding tax is deducted from the interest earned on deposits. (Goes to gov)
⭕ For customers with balances below Rs. 100,000, particularly those living from paycheque to paycheque, these charges can wipe out most or even all of the interest earned at the dismal rate of just 2% to 3%.
⭕ This is before even considering inflation, which further reduces the real value of both your savings and the interest you receive.
⭕ Sampath Bank the major culprit of the above practice recently increased the annual Sampath Vishwa fee from Rs. 900 to Rs. 1,200, an increase of more than 33%.
⭕ Many fee increases are introduced automatically, without specific approval from customers or a meaningful option to reject them while continuing to use essential banking services.
⭕ Digital banking reduces the bank’s dependence on branches, counters, paperwork and staff time. Customers are effectively performing much of the banking work themselves.
⭕ Charging customers more for using a lower-cost banking channel is difficult to justify, especially when banks already earn from deposits, loans, cards and transaction fees.
⭕ This practice also works against Sri Lanka’s efforts to promote digital payments, financial inclusion and reduced dependence on cash.
⭕ A banking app should be a basic account-access service, not a premium subscription. Banks increasingly appear to be treating digital banking apps as another source of revenue.
⭕ The Government and the Central Bank of Sri Lanka should intervene, improve transparency, require proper notice before fee increases and regulate excessive charges on basic banking services.
Your savings earn interest, but after taxes, inflation and bank charges, there may be little or nothing left for you.
#SriLanka #DigitalBanking #BankCharges
Top 10 Most Traffic-Congested Countries in Asia (Traffic Index 2026)
1. 🇱🇰 Sri Lanka — 255.1
2. 🇧🇩 Bangladesh — 249.1
3. 🇮🇷 Iran — 213.7
4. 🇮🇳 India — 205.1
5. 🇮🇩 Indonesia — 192.7
6. 🇯🇴 Jordan — 190.0
7. 🇹🇷 Turkey — 186.5
8. 🇱🇧 Lebanon — 183.8
9. 🇵🇭 Philippines — 180.5
10. 🇲🇾 Malaysia — 168.9
Source: Numbeo Traffic Index 2026
⭕ Traffic congestion continues to be a major challenge across Asia, affecting daily commutes, productivity, and quality of life.
⭕ According to the Numbeo Traffic Index 2026, Sri Lanka ranks as the most traffic-congested country in Asia, followed by Bangladesh and Iran.
#SriLanka #Asia
Absolutely terrifying CCTV visuals of Wayanad Landslide 😱
Look at the big tanker truck getting thrown off and people standing near that narrowly escaping.
#wayanad#landslide#exclusive
Did you know? Burning garbage at home is illegal in Sri Lanka and has been since 2017.
Under Gazette No. 2034/36 (dated 01.09.2017), open burning of waste, especially plastic, is explicitly prohibited nationwide. This falls under the National Environmental Act, enforced by the Central Environmental Authority (CEA).
Local authorities, Municipal Councils, Urban Councils, and Pradeshiya Sabhas, also have power to penalize open burning under their own bylaws.
The Pradeshiya Sabha Act and Municipal Councils Ordinance both carry provisions for this. #lka #SriLanka
This viral video of a young girl and her porcupine companion from Sri Lanka 🇱🇰 has captured the hearts of millions around the world.
A beautiful moment of innocence and nature that feels straight out of a Disney movie ❤️
The NPP spends all its time pointing fingers on TV and calling everyone else corrupt, but they do nothing to actually close the legal loopholes. Meanwhile, VIP criminals still dodge Rs 120M bribery charges by having their lawyers claim they have sleep apnea. A total circus. #NPP
Lawyers representing Attorney-at-Law Rakitha Rajapaksa and Horana SJB organiser Charith Abeysinghe told the Colombo Chief Magistrate’s Court that their clients suffer from serious medical conditions as they sought bail following their arrest in the alleged Rs. 120 million bribery case linked to underworld figure “Harak Kata.”
Counsel for Charith Abeysinghe told court that his client suffers from severe heart disease, has undergone the insertion of three stents and requires five more. The lawyer argued that Abeysinghe was due to undergo medical tests on the day of his arrest and would not receive adequate medical care in prison.
Meanwhile, counsel for Rakitha Rajapaksa said his client suffers from sleep apnea, warning that the condition could pose serious health risks if he is remanded without appropriate treatment. The lawyer also noted that Rajapaksa is a practising attorney and had court commitments.
The Bribery Commission opposed bail, outlining its investigation into the alleged solicitation of a Rs. 120 million bribe to revoke the detention order of alleged underworld figure “Harak Kata” and facilitate his transfer from Boossa Prison to another prison in 2023.
After hearing submissions from both sides, Colombo Chief Magistrate Thanuja Lakmali Jayatunga ruled that no exceptional circumstances had been presented to justify bail and ordered Rakitha Rajapaksa, Charith Abeysinghe and former Airport and Aviation Services (Sri Lanka) Ltd. Director Aruna Sri Chathuranga to be remanded until July 3. (Newswire)