There are many reasons why you would need to invest your hard earned foreign currency earnings on a Fixed Term. Seylan Foreign Currency Fixed Deposits is the perfect answer to fulfill your future plans, whilst earning a better return for your Investments.
Benefits:
- Freedom to select your fixed term from 1,3,6,12 months.
- Enjoy Seylan Mega Reward benefits.
- Competitive and attractive Interest rates.
- Choose from 8 designated foreign currencies; USD, GBP, EUR, AUD, JPY, CHF, SGD, CAD
- Place or monitor your deposits from any part of the world via Internet and Mobile Banking.
- Maintain or remit funds on a selected currency or convert at a favorable exchange rate with us.
- Automatic renewal for the same tenor at the prevailing interest rate.
- Tax exemption for interest earned for deposits as per current regulations.
Eligibility:
- Individuals and institutions earning in foreign currency
- Foreign institutional investors, mutual funds
Minimum Deposit Values:
| Currency | Domestic Units |
|---|---|
| U.S. Dollar (USD) | 500.00 |
| Sterling Pounds (GBP) | 500.00 |
| Euro ( EUR) | 500.00 |
| Australian Dollar (AUD) | 500.00 |
| Japanese Yen (JPY) | 50,000.00 |
| Swiss Franc (CHF) | 500.00 |
| Singapore Dollar (SGD) | 500.00 |
| Canadian Dollar (CAD) | 500.00 |
Documents Required:
- National Identity Card/ Passport
Note : Any other documents pertaining to the matter will be requested by the bank, to ensure a better customer service in the future.