International

• Overview
• For Nationals
• Non-Resident Foreign Currency Savings Accounts (NRFC) & Fixed Deposit Account
• Deposits, Withdrawals & Restrictions
• Opening a NRFC Account
• Unique Benefits for Specific Accounts
• Singithi Surakum
• Resident Foreign Currency Account (RFC)
• Exporters Foreign Currency Accounts (EFC)
• Foreign Currency Account for Suppliers of Inputs (FCASI)
• Foreign Currency Accounts for Professional Services providers (FCAPS)
• Foreign Currency Accounts for Gem & Jewellery Dealers (FCAGJD)
• Foreign Currency Accounts for International Services Providers And Their Employees (FCAISPE)
• For Non Nationals
• Resident Non-Nationals Foreign Currency Accounts (RNNFC)
• Senior Foreign Nationals Special Accounts
• Special Foreign Investment Deposit Accounts (SFIDA)
• Non Resident Non National Foreign Currency Accounts (NRNNFC)
• Domestic Foreign Currency Account (DFA)
• For Businesses
• International Letters of Guarantee
• Securities Investment Account (SIA)
• Inward Investment Account (IIA)
• Outward Investment Account (OIA)
• International Trade Services
• Inquiries about Foreign Remittances
• Remittances from USA

Tools

• Bank Downloads
• Extended / Weekend Banking
• Exchange Rates
• Interest Rates
• Branch Locator
• ATM Locator
• Remittance Houses
• Correspondent Banks
• Service Charges/Fees/
        Commissions
• Standard Settlement
        Instruction
• Representative Officers
        Overseas
• Customer Charter

Deposits, Withdrawals & Restrictions of NRFC

What deposits can be used to open a NRFC Account?

• Inward Remittances in any designated currency favouring the account holder. The inward remittance may be in the form of bank drafts, telegraphic transfers, mail transfers and payment orders drawn in designated currencies.
• Deposit of currency notes by account holder or his/her immediate family members (spouse/parent/sibling/children).
• Interest is payable in foreign currency on funds held in the account.

Are withdrawals permitted from a NRFC Account?

• All withdrawals require written instructions from the account holders.
• Withdrawals could be made in Sri Lankan Rupees.
• Withdrawals in foreign exchange will be permitted by way of bank drafts, telegraphic transfers or travellers' cheques.
• Travellers' cheques will be issued only on production of valid travel documents and subject to exchange control guidelines.
• Issue of foreign currency notes is subject to the limit placed by Central Bank and exclusively for travel purposes.

Are there any restrictions on a NRFC Account?

• Restrictions exist
  1. for payment of life insurance premium for foreign currency insurance policies from an
     overseas insurer
  2. transactions of capital nature (e.g. purchase of land and/or buildings)
  This restriction does not apply to former Sri Lankans now resident and employed overseas.
  However, premium on health/medical and travel insurance is permitted subject to production of documentry proof acceptable to the bank.
• No transfer of funds from Resident Foreign Currency Accounts or Exporter's Foreign Currency Accounts could be credited.
• The account holder may nominate a family member/s to make deposits to his/her account, subject to the bank being satisfied that the account holder still qualifies to operate a NRFC account.