Non-Resident Foreign Currency Fixed Deposits (NRFC FD)

 

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

Eligibility to open an account

  • Be a NRFC Account holder or be eligible to open a NRFC Account
  • Maintain a balance more than US $ 1000/- or equivalent to other designated foreign currency.

Account can be held individually or jointly if joint applicants qualify under above.

Initial Deposit we need

  • US $ 1,000/- or its equivalent in any designated currency referred to above.

Period

  • 1, 3, 6 and 12 months.

Benefits we offer to you

  • Attractive interest rates.
  • Interest earned on NRFC account is exempted from income tax Free Life Insurance Cover due to accidents up to Rs.1.0 Million*
  • Insurance cover up to Rs.50,000/- for loss of baggage when engaged in foreign travel*
  • Higher exchange rate when converting to Sri Lankan Rupees.

* (Conditions apply)

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.