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Unique Benefits for Specific Foreign Currency Accounts



Millennium Shield Life Insurance Cover

HNB's NRFC Account holders are insured under 'Millennium Shield'. This means that account holders within the specified age limits, who maintain the required balances, whether a resident in Sri Lanka or another country, qualify for benefits outlined in the table below. Payments are in Sri Lankan Rupees. The value of compensation will increase proportionately to the balance maintained.

Category A/c balance (US$)* Age Limit Cover-Natural death Cover-Accidental death
1 USD 200 - 2,499 Below 65 years LKR 100,000 LKR 200,000
2 USD 2,500 - 7,499 Below 65 years LKR 200,000 LKR 400,000
3 USD 7,500 & above Below 60 years LKR 500,000 LKR 1Mn
    Over 60 years but below 65 years LKR 250,000 LKR 1Mn

* - Or its equivalent in any other designated currency

Eligibility Criteria

Compensation will be considered on the basis of continuous maintenance of the required balance for a period of six months immediately preceding the event leading to the claim. Claims should reach the bank within three (3) months of the date of the event. Claims presented thereafter will not be processed under any circumstances. Claims will be paid in Sri Lankan Rupees to the dependent after the bank establishes the bona fides beyond doubt.

Documents required to submit a claim:

  • Proof of age (a certified copy of the Birth Certificate)
  • A certified copy of the Death Certificate
  • A certified copy of the Inquest Proceedings, if an inquest was held, in the event of a death due to an accident
  • A certified copy of the Marriage Certificate, if married
  • If there are children above the age of maturity, a letter of consent from them to make the payment to the surviving parent. If unmarried, a letter of consent to be given by brothers/sisters, if any, to make the payment to a party of their choice

Housing Loans

If you are a NRFC account holder at HNB and have sufficient earnings abroad to meet a monthly commitment on a housing loan, then you are eligible to apply for a foreign currency housing loan. A mortgage of the house and property is required as collateral.

The maximum period for repayment is 5 years subject to your employment overseas and repayment capacity. Repayment should be in foreign currency earned overseas. Loans in Sri Lanka Rupees can be obtained up to 90% of rupee equivalent of your foreign currency deposit.(Please contact your branch manager for further details.)
For further assistance, contact

Ms. Radhika Weerasinghe
Junior Executive
Hatton National Bank PLC.
Head Office, HNB Towers, Level 15,
479, T B Jayah Mawatha,
Colombo 10, Sri Lanka.
Tel      : +94 (011) 266 1962
Fax     : +94 (011) 266 4892
E-mail : radhika.weerasinghe@hnb.lk