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ඔබ මෙතනයි: මුල් පිටුව Foreign Currency Accounts
ප්‍රශ්ණයට පිළිතුර ආකාරයෙන් සම්පූර්ණ විස්තර එකවර


Foreign Currency Accounts

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Ranmasu NRFC/RFC
S F I D A - Special Foreign Investment Deposit Accounts
TIERA-D Accounts - Invest in Government of Sri Lanka gilt edged securities

Ranmasu NRFC/RFC
  • What are the accounts available to deposit foreign currency?
    NRFC account
    Non Resident Foreign Currency
    RFC account
    Resident Foreign Currency
    SFIDA account
    Special Foreign Investment Deposit

You can open Ranmasu NRFC/RFC accounts in USD (US Dollars), EURO, GBP (Grate Britain Pounds) and AUD (Australian Dollars) at your family bank which is the only Sri Lankan bank awarded with prestigious Triple (AAA) rating in 7th consecutive year

Who can open a NRFC account?

  • Sri Lankans employed abroad, while they are abroad.
  • Sri Lankans who have worked abroad, within 90 days of their return to Sri Lanka.
  • Sri Lankans who holding NRFC accounts at any other bank( by transferring funds)
  • Who can open a RFC account?

Sri Lankans resident in Sri Lanka

What are the types of NRFC/RFC accounts that can be opened?

  • Savings Accounts:

This is an interest bearing account. Interest is computed on the minimum balance for the month and credited to the account at the end of the year. A statement of account is mailed at the end of June and December in lieu of the passbook. An advice will be mailed for all remittances, drafts and payment orders deposited to the account. Funds could be withdrawn when required.

  • Minimum initial deposit for NRFC - USD 25 or equivalent
  • Minimum initial deposit for RFC - USD 100 or equivalent and AUD 150

Fixed Deposits:
This is an Interest bearing account. Interest is calculated from the open or renewal date and paid at maturity. Fixed deposits are accepted for periods of 1, 3, 6 and 12 months. A fixed deposit receipt is issued for each deposit. Provision for automatic renewal of the deposit at maturity together with the interest earned or payment of interest and renewal of the principal amount only

  • Minimum initial deposit for NRFC – USD 500,EUR 500,GBP 500,AUD 500
  • Minimum initial deposit for RFC –USD 500,EUR 500,GBP 500,AUD 500

Accounts can be opened in individual or joint.
What are the required documents to open a NRFC account?
Savings Accounts:

•Application Form
•Copy of passport page containing personal details
•KYC (Know your customer application form)
•Fax and e-mail indemnity form

Fixed Deposits:
•Application Form
•Authority to transfer funds from NRFC savings account
•KYC(Know your customer application form)
•Fax and e-mail indemnity form

  • How to open a Ranmasu NRFC account?

Before going abroad, visit the International Division or any branch of NSB, complete the account opening forms and obtain an account number. A Ranmasu NRFC card that contains details required for remitting funds will be issued. On receipt of the first remittance, the account would be activated.
If someone is already abroad, send us a letter or telephone us requesting an account opening form. The forms will be mailed to the given address. The form is also available on our website too. On receipt of the completed form together with draft / remittance, the account would be opened and a Ranmasu NRFC card mailed to account holders. A person may open more than one account.

  • What are the required documents to open a RFC account?

Savings Accounts:
Application Form.

  • Some form of identity acceptable to the bank. Eg. Passport/National Identity Card/Driving License. Photocopy of the document should be produced with the original.
  • KYC(Know your customer application form)

Fixed Deposits:
Application Form.
•Authority to transfer funds from RFC savings account.
•KYC(Know your customer application form)

What are the currencies that can be deposited to a NRFC/RFC account?
Although the currency of account is USD/EUR/GBP/AUD other designated foreign currencies are accepted as deposits to accounts.

  • How does the interest rates and taxes affect to the earnings?

Rates of interest on Ranmasu NRFC/RFC savings accounts will depend on market rates and are subject to change without notice. Interest on Ranmasu NRFC Fixed deposit accounts will be quoted on the date of deposit/renewal based on market rates. Interest is credited in the currency in which you maintain the account.
Interest earned on Ranmasu NRFC/RFC accounts are exempted from income tax.

How the deposits can be made?
•Bank Drafts / International Money Orders / Payment Orders.
•Mail / Telegraphic / Electronic Transfers.
•Travellers Cheques & Foreign Currency Notes brought by the account holder

  • How to withdraw cash from the NRFC/ RFC account?

Payments in Sri Lankan Rupees
On personal application.
To third parties on written instructions from account holder.
Transfer of funds in Rupees.
To own account with any NSB branch or any other bank.
To third parties with any NSB branch or any other bank.

  • Is there payment in foreign currencies from the NRFC/RFC accounts?

By Travellers Cheques and foreign currency notes for travel abroad, on production of travel documents of the customer.
By remittances abroad by telegraphic transfer, bank draft, etc.
By transfer to any NRFC / RFC account.
How to remit money?
Obtain a draft/remittance favoring NSB A/C (Name with Initials) - Account number and send it to the International Division of NSB by electronic transfer via SWIFT / EUROGIRO or through affiliated exchange houses.

  • What are the benefits offered by NSB

Free of charge standing order facility for transfer of funds to the rupee account.
Gratuity payments according to bank's regulations on the demise of the Ranmasu NRFC account holder.
Rupee loan up to 80% (fixed deposits) of the balance at an attractive interest rate.
Issuance of bank draft and execution of telegraphic transfers.
Provision for nomination.
Savings balances could be transferred to fixed deposits.

S F I D A - Special Foreign Investment Deposit Accounts

“A special Deposit Account� ”

NSB now operates SFIDA accounts enabling those who are abroad to invest rupee deposit at an attractive interest rate.

  • Who can open an account?

Foreign nationals, institutions incorporated outside Sri Lanka, foreign institutional investors, foreign regional funds and our own Sri Lankans domiciled abroad.

Accounts could be maintained jointly amongst the eligible investors.

  • What are the guidelines for SFIDA accounts?

These accounts could be either in savings or fixed deposits.
Minimum investment USD 10,000/- or equivalent in AUD, GBP, EUR or Sri Lankan rupees. (Sri Lankan rupee deposits are to be funded by Inward remittance/s).
Funds in Sri Lanka rupee (SFIDA) accounts plus accrued interest could be freely reconverted in to USD, AUD, EUR or GBP at the time of repatriation of such funds.
Repatriation of capital plus Interest is free of exchange control restrictions.
How to remit money to SFIDA account?

SFIDA accounts essentially has to be funded by inward remittances or in the form of traveler's cheques, drafts or currency notes brought into the country by the account holder on declaration to Sri Lanka customs.

Interest earned on SFIDA accounts is exempted from income tax, withholding tax and debit tax.

TIERA-D Accounts - Invest in Government of Sri Lanka gilt edged securities
“NSB appointed as the Joint Lead Manager by the Central Bank of Sri Lanka”

  • Higher Returns

Invest your hard earned foreign currency earnings in your motherland with government guaranteed Treasury Bills and Bonds

  • What are the special benefits offers?

Higher interest
No taxes or stamp duty
Transfer capital and interest with NO foreign exchange restrictions
100% safety, high liquidity, can be used as collateral
For more details about Treasury Bills and Treasury Bonds

For more details contact NSB Call Center - (0112379379) 24 Hour Service

 


ආයතනයේ තොරතුරු

National Savings Bank

Head Office
"Savings House"
255, Galle Road,
Colombo 3,
Sri Lanka


Mr.E.M.M.G. Ekanayake
දුරකථන:0112379379 (Call Centre)
ෆැක්ස් අංක:0112379333
විද්‍යුත් තැපෑල:nsbgen@nsb.lk,
වෙබ් අඩවිය: www.nsb.lk

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2) දුම්රිය වල ආසන ‍ වෙන් කර ගැනීම
3) නව රියැදුරු බලපත්‍ර ලබා ගැනීම.
4) මෝටර් රථ වාහන ලියාපදිංචිය පැවරීම.
5) විවාහ සහතිකවල පිටපත් ලබා ගැනීම
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3) නව රියැදුරු බලපත්‍ර ලබා ගැනීම.
4) මෝටර් රථ වාහන ලියාපදිංචිය පැවරීම.
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3) නව රියැදුරු බලපත්‍ර ලබා ගැනීම.
4) මෝටර් රථ වාහන ලියාපදිංචිය පැවරීම.
5) විවාහ සහතිකවල පිටපත් ලබා ගැනීම
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2) දුම්රිය වල ආසන ‍ වෙන් කර ගැනීම
3) නව රියැදුරු බලපත්‍ර ලබා ගැනීම.
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5) විවාහ සහතිකවල පිටපත් ලබා ගැනීම

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