A  Repo is an agreement for the simultaneous purchase and sale of a security, usually Treasury Bills and Bonds. Repo deposits are money market investment instruments to invest short term and medium term funds. While there is no restriction on the amount that can be invested, the bank may impose minimum requirements for operational reasons. Interest is payable at maturity

FEATURES AND BENEFITS

  • Supreme security
  • A choice of investment periods ranging from one day to one year

ELIGIBILITY

  • Resident Sri Lankans and Foreign Nationals over 18 years of age
  • Minimum Deposit Rs. 500,000/- (Please refer bank Tariff)

DOCUMENTS REQUIRED

  • Clear copy of the NIC or Passport or Drivers License
  • Clear copy of a utility bill or a bank statement from another bank or any other valid address verification document
  • Request Letter
  • Master Re- Purchase Agreement