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Foreign Currency

Encashment of foreign currency notes and travellers cheques.

As an authorized money changer the facility of encashment of designated foreign currency notes and travellers cheques is available at Head Office branch and all other branches.

An attractive exchange rate is offered for encashment purpose.

Also a special exchange rate can be offered for encashment of substantial amount of Foreign Currency notes.

 

SFIDA (Special Foreign Investment Deposit Account)

This account can be opened by eligible investors in local currency and foreign currency namely USD,EURO,GBP,JPY.

The accounts are maintained in the form of savings and Fixed deposits.

Eligible investors = Citizens of foreign currency states , non resident Sri Lankans , Companies incorporated outside Sri Lanka.

Accounts can be held jointly with two or more eligible investors.

Minimum amount required to open the account is USD 10 000 or equivalent in any other designated foreign currency.

SFIDA accounts are exempted from all taxes.

The proceeds (capital and interest) can be reconverted into foreign currency and repatriated to any destination of depositor’s choice.

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