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Foreign Currency Account Schemes of Bank of Ceylon

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Non Resident Foreign Currency Account (NRFC)

Eligibility Criteria

  • Sri Lankan Migrant workers
  • Sri Lankan Who return to the Island within 90 days of their arrival
  • Non national Sri Lankan origins living in abroad

Document Required

  1. Photocopy of the pass port
  2. Duly completed MandateInititial Deposit of US$ 50.00 or equialent

Time Duration for opening of the A/c

  • 10 Minutes approx

Benefits

  • Free life Insurance Coverage
  • Housing loan at low rate of interest
  • Self employment loan and consumer loan for low rate of interest
  • Bonus interest in rupee

Non Resident Foreign Currency (NRFC) Fixed Deposit
Eligibility Criteria

  • Sri Lankan Migrant workers
  • Sri Lankan Who return to the Island within 90 days of their arrival
  • Non national Sri Lankan origins living in abroad

Document Required

  1. Photocopy of the pass port
  2. Duly completed Mandate
  3. Initial Deposit of US$ 1000.00 or equivalent

Time Duration for opening of the A/c

  • 10 Minutes approx.


Benefits

  • Free life Insurance Coverage
  • Housing loan at low rate of interest
  • Self employment loan and consumer loan for low rate of interest
  • Bonus interest in rupee

Resident Non Nationals Foreign Currency Account (RNNFC)
Eligibility Criteria

  • Foreign National residing in Sri Lanka with a valid visa

Document Required

  1. Copy of the pass port and the valid visa
  2. Duly completed mandate
  3. inititial deposit of US$ 2000.00 dollars

Time Duration for opening of the A/c

  • 10 Minutes approx.

Ran Kekulu Foreign Currency Savings and Fixed Deposit
Eligibility

  • Children living in Sri Lanka or Overseas of the Sri Lankan Migrant workers

Required Documents

  1. Photocopy of the pass port parents/Guardians
  2. Photocopy of the Birth Certificate
  3. Duly completed Mandate
  4. Initial Deposit US$ 25.00 for Savings,US$ 1000.00 for fixed deposit

Time Duration for opening of the A/c

  • 10 Minutes approx.

Benefits

  • Free life Insurance Coverage
  • Bonus interest rate for deposits

Resident Foreign Currency (RFC) Savings
Eligibility Criteria

  • Sri Lankan who receive foreign remittances of US$ 100.00 or equivalent in other currencies

Required Documents

  1. Duly completed Mandate
  2. Copy of the National Identity Card

Time Duration for opening of the A/c

  • 10 Minutes approx.

Resident Foreign Currency (RFC) Fixed
Eligibility Criteria

  • Sri Lankan who receive foreign remittances of US$ 100.00 or equivalent in other currencies

Required Documents

  1. Duly completed Mandate
  2. Copy of the National Identity Card

Time Duration for opening of the A/c
10 Minutes approx.Exporters Foreign Currency Account (EFC/DFC)

Eligibility Criteria

  • Sri Lankan Exporters who registered with Export Development Board

Document Requirement

  1. Documentary evidence for export proceeds
  2. Copy of the exporters license

Time Duration for opening of the A/c

  • 10 Minutes approx.

Treasury Bonds Investment External Rupee Acount (TIERA – 1)
Eligibility Criteria

  1. Foreign Pass Port holders
  2. Non National Sri Lankan origin living in abroad
  3. Corporate Bodies registered outside Sri Lanka

Required Document

  1. Copy of the pass port/Certificate of Company registration
  2. Duly completed mandate
  3. Initial deposit of Rs.500,000.00

Time Duration for opening of the A/c

  • 10 Minutes approx.

Treasury Bills Investment External Rupee Account (TIERA- 2)
Eligibility Criteria

  • Foreign Pass Port holders
  • Non National Sri Lankan origin living in abroad
  • Corporate Bodies registered outside Sri Lanka

Required Document

  1. Copy of the pass port
  2. Registration of Company
  3. Certificate from Foreign Bank
  4. Inward Foreign Remittances of Rs.10,000.00

Time Duration for opening of the A/c

  • 10 Minutes approx.

Treasury Bills/Bonds Investment External Rupee Account (TIERA-D)
Eligibility Criteria

  • Non National Sri Lankan origin living in abroad

Required Document

  1. Copy of the pass port
  2. Inward Foreign Remittances
  3. Initial deposit of Rs.500,000.00 Bonds, Rs10,000.00 Bills

Time Duration for opening of the A/c

  • 10 Minutes approx.

Share Investment External Rupee Account - SIERA
Eligibility Criteria

  • Foreign Pass Port holders
  • Non National Sri Lankan origin living in abroad

Required Document

  1. Copy of the pass port
  2. Inward Foreign Remittances
  3. Initial deposit of US $250.00

Time Duration for opening of the A/c

  • 10 Minutes approx.

Special Foreign Deposit A/c
Eligibility Criteria

  • Foreign Pass Port holders
  • Non National Sri Lankan origin living in abroad

Required Documents

  1. Copy of the Passport
  2. Minimum of US$ 10,000.00 or equalent in other
  3. foreign currency

Time Duration for opening of the A/c

  • 10 Minutes approx.

Senior Foreigners Investment Deposit A/C
Eligibility Criteria

  • Foreign Passport Holder over 55 years of age

Required Document

  1. Copy of the Pass Port
  2. Inward Foreign Remittance over US$ 15,000.00
  3. Monthly Foreign Remittances of US$ 1,500.00 or
  4. equivalent

Time Duration for opening of the A/c

  • 10 Minutes approx.

Rupee A/c for Non Residence Sri Lankan Investment A/C ( RANSI)
Eligibility Criteria

  • Non National Sri Lankans origins living abroad

Required Document

  1. Copy of the Pass port
  2. Inward Remittances
  3. Mandate Form
  4. Initial deposit of US$ 250.00

Time Duration for opening of the A/c

  • 10 Minutes approx.

Lost of Inward Foreign Draft
Inform branch in writing with the following details to make the payment stopped
Draft No.
Amount
Name of issuing bank
Copy of receipt issued by Issuing Bank (If available)

 


Organization Information

Bank of Ceylon

No.1, Bank of Ceylon Mawatha

Bank of Ceylon Square
Colombo 1
Sri Lanka


Mr. S.M.Paranagama
Telephones:+94-11-2446790-811/+94-11-2338741 –55
Fax Nos:+94-11-2321160
Email:boc@boc.lk
Website: www.boc.lk

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Last Updated On: 2009-11-24 11:36:27
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