SFNRA & SFNEDA

A – Senior Foreign National “Fixed Deposit Foreign Currency Accounts” (SFNFDA)

Deposits Will be opened with an initial sum of USD 15,000 or an equivalent amount in any convertible foreign currency brought into the country through banking channels.

Withdrawals are permitted with the prior approval of the Controller of Exchange when the account holder decides to terminate his/her stay in Sri Lanka.

Interest rates applicable are the same as in Non Resident Foreign Currency (NRFC) Accounts

B – Senior Foreign National Rupee (Savings/Current) Account (SFNRA)

In addition to the deposit account under category “A”, a monthly remittance of USD 1,500/- for the principal applicant and USD 750/-, or equivalent in other foreign currency, for accompanying spouse and each dependent child for their upkeep in Sri Lanka shall be deposited in these accounts under the account holder’s name.
Accounts in this category should carry a minimum balance of USD 1,500 or equivalent.

Permitted Credits

Permitted Debits