Non-Resident Foreign Currency Account (NRFC)

  • Save your hard earned money with an NRFC savings account at Bank of Ceylon for maximum benefits


Eligibility to open an account  

  • Nationals of Sri Lanka who are residents outside Sri Lanka
  • Nationals of Sri Lanka who have returned to Sri Lanka from employment abroad within 90 days of such return
  • Non-nationals of Sri Lankan origin, who are residents outside Sri Lanka
  • Individuals who have opened Migrant Blocked Accounts (MBA).
  • Individuals who maintain NRFC accounts
  • Minors resident outside Sri Lanka who are nationals of Sri Lanka or of Sri Lankan origin


*New accounts can be opened even without initial deposits for those who intend to remit funds subsequently

Benefits we offer you

  • Accounts can be opened and transactions can be made in
US Dollar USD Euro EUR
Australian Dollar AUD Japanese Yen JPY
Singapore Dollars SGD Sterling Pounds GBP
Canadian Dollars CAD Chinese Renminbi CNY
New Zealand Dollar NZD Swiss Franc CHF


  • 100% protection on your investment
  • Attractive interest rates
  • Interest earned on NRFC accounts is exempted from income tax and interests paid in foreign currency maintained in the NRFC Account
  • Free life insurance cover up to Rs.1.0 Million*
  • Baggage Insurance cover up to Rs.50,000/- for loss of baggage when engaged in foreign travels*
  • Eligible to obtain loan facilities in LKR for any purpose in Sri Lanka acceptable to the bank against the pledge of their NRFC balances*
  • Housing loan scheme in foreign currency for construction / purchase of Residential houses in Sri Lanka.
  • Foreign currency loan scheme against NRFC balances at lower interest rates
  • ‘Ran Saviya’ Loan facility up to Rs.300,000/- for self employment*
  • ‘BOC Sarani’ housing loan up to Rs.300,000/- @ 5% Interest*
  • No commission for withdrawals and inward remittances at the receiving end
  • Debit cards enabling you to obtain cash and buy goods and services anywhere around the globe
  • The account can be maintained even after you return to Sri Lanka
  • Higher exchange rates when converting to Sri Lankan Rupees
  • Internet Banking Facilities through Sri Lanka's largest on-line banking network


* (Conditions apply)


For more details on above insurances contact:
15th floor, Bank of Ceylon
Head Office,
Colombo 01.
011 244 7870 / 011 220 4361


Documents we need

  • A photocopy of the appropriate pages of the passport where personal details and photograph appear.
  • Copy of valid work visa.
  • Duly completed mandate.
  • In case of a non-national, documentary evidence should be provided to prove the Sri Lankan origin of the particular person.