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Bank of Ceylon FD Rates 2026

Current fixed deposit interest rates from Bank of Ceylon (BOC) - Sri Lanka's largest state bank. Updated 2026-09-01.

Quick answer

Bank of Ceylon (BOC) offers fixed deposit rates ranging from 7.25% to 7.5% per annum depending on tenure. The best BOC FD rate is 7.5% p.a. for a 6 Months deposit.

BOC Fixed Deposit Rates - All Tenures

TenureInterest Rate (p.a.)Interest on LKR 1MMaturity Value
3 Months7.25%+LKR 18,125LKR 1,018,125
6 Months7.5%Best+LKR 37,500LKR 1,037,500
1 Year7.25%+LKR 72,500LKR 1,072,500
2 Years7.5%Best+LKR 150,000LKR 1,150,000

Rates as of 2026-09-01. Verify with BOC before investing.

How Bank of Ceylon FD rates have changed

Tracked from our own dated records between March 28, 2026 and September 1, 2026 - 39 snapshots.

Bank of Ceylon fixed deposit rates by tenure over time6%6.5%7%7.5%8%MarAprMayJunJulAugSep7.25%7.50%
3 months6 months1 year2 years
Bank of Ceylon rates by tenure, Mar 2026 to Sep 2026
Bank of Ceylon fixed deposit rate change by tenure between 2026-03-28 and 2026-09-01
TenureMar 2026NowChange
3 months6.25%7.25%+1.00pp
6 months6.50%7.50%+1.00pp
1 year6.75%7.25%+0.50pp
2 years7.00%7.50%+0.50pp

Over this period Bank of Ceylon adjusted 4 of its 4 published tenures. The largest single move was on the 3 months deposit, which went from 6.25% to 7.25% (+1 percentage points). See how this compares with every other bank on our full FD rate history page.

About Bank of Ceylon Fixed Deposits

Bank of Ceylon (BOC) is Sri Lanka's largest state-owned commercial bank, established in 1939. BOC operates under the Bank of Ceylon Act and is fully owned by the Government of Sri Lanka, making its fixed deposits among the safest investments available in the country. With an extensive branch network covering all provinces, BOC FDs are accessible to depositors across Sri Lanka.

Why Choose BOC for Your Fixed Deposit?

  • Government-owned: BOC is 100% owned by the Sri Lankan government, giving deposits an implicit sovereign backing.
  • Largest branch network: With branches in every district, BOC is accessible regardless of where you live.
  • SLDIS coverage: BOC deposits are covered by the Sri Lanka Deposit Insurance Scheme.
  • Trusted reputation: Over 85 years of operation with a strong track record of stability.
  • Senior citizen rates: BOC offers additional interest for depositors aged 60 and above.

How to Open a BOC Fixed Deposit

  1. Visit any Bank of Ceylon branch island-wide.
  2. Bring your National Identity Card (NIC) or passport.
  3. Bring proof of address (utility bill or bank statement).
  4. Fill out the FD application form at the branch.
  5. Deposit the minimum required amount (check with your branch for current minimums).
  6. Receive your Fixed Deposit Receipt (FDR) as proof of deposit.

BOC FD vs. Other Banks

BOC FD rates are typically competitive with other state banks (NSB, People's Bank) but may be slightly lower than top private banks such as Commercial Bank or Sampath Bank. The trade-off is higher security - BOC's government ownership provides a level of security that private banks cannot match. For conservative investors prioritising safety over marginally higher returns, BOC is an excellent choice.

Compare With Other BanksCalculate BOC Returns

Rates are sourced from publicly available BOC information and updated regularly. Always verify current rates directly with Bank of Ceylon before making any investment decision.

Frequently Asked Questions

What is the current BOC fixed deposit interest rate?

Bank of Ceylon currently offers fixed deposit rates from 7.25% to 7.5% per annum depending on tenure. The highest BOC rate is 7.5% p.a. on a 6 Months deposit. Rates were last verified on 2026-09-01.

Has BOC increased its FD rates recently?

Based on our tracked records since March 28, 2026, BOC's 12-month fixed deposit rate moved from 6.75% to 7.25% - a change of +0.5 percentage points. That is a more restrained move than several private commercial banks made over the same period.

Is a BOC fixed deposit safe?

Bank of Ceylon is 100% owned by the Government of Sri Lanka and operates under the Bank of Ceylon Act, which gives its deposits an implicit sovereign backing that private banks cannot match. BOC deposits are also covered by the Sri Lanka Deposit Insurance Scheme (SLDIS). For depositors whose main concern is capital security rather than maximum return, BOC is among the most conservative options available in the country.

Why is the BOC FD rate lower than private banks?

State banks generally do not need to compete as hard for deposits, because government backing already attracts savers. Private commercial banks pay more to draw the same money. At present the best 12-month rate we track across all banks is 10.5%, compared with BOC's 7.25%. Whether that gap is worth it depends on how much you value the state guarantee.

What is the minimum deposit for a BOC fixed deposit?

Minimum deposit amounts vary by product and can change, so confirm the current figure at your branch before applying. As a general guide, standard BOC fixed deposits start from a relatively low minimum designed to be accessible to ordinary savers, with separate minimums for senior citizen and foreign currency products.

Can I withdraw a BOC fixed deposit before maturity?

Yes, but early withdrawal normally means you receive a reduced rate of interest rather than the contracted rate, and the penalty depends on how far into the tenure you are. An alternative many depositors use is to borrow against the deposit instead - most banks lend up to around 90% of the FD value, which lets you access cash without breaking the deposit. Confirm the exact terms with BOC before committing.