Srilanka, March 18 -- The Sunrise Senior Foundation (SSF) has welcomed a move by the Government to offer an extra 3 percent interest on deposits by senior citizens with effect from July 2025 which would help to improve the income levels of this category of society.

"Senior citizens who depend on interest income have been suffering in recent years after the sharp fall in interest rates to single digit levels and the latest move by the Government will alleviate some of the suffering of this segment of the population who have contributed immensely to the development and discipline of the country," a spokesperson for the SSF said in a statement.

The SSF, launched nearly 10 years ago, aims to represent the interests of senior citizens in Sr...