Special Deposit Account - SDA
Invest your Funds in a Seylan Special Deposit Account (SDA) and Obtain Higher Returns on your Investments. The Government of Sri Lanka has invited all Sri Lankans and well-wishers living in out of Sri Lanka to save their foreign currencies within the Sri Lankan Banking system.
- Additional 2% interest over the bank rate sheet.
- Attractive rates of interest on the deposit.
- Free Internet Banking access.
- No processing fee for your inward remittance.
- No need to be a Seylan Bank customer to open SDA
- Freely repatriable upon maturity.
- Sri Lankan individuals resident in or outside Sri Lanka
- Dual Citizens
- Citizens of other States with Sri Lankan origin
- Non- nationals resident in or outside Sri Lanka
- Funds, corporate bodies, associations incorporated/registered outside Sri Lanka
- Any other well-wishers
This Scheme will be available until 07/04/2022
Interest Rate: Payable at maturity of the deposit
- Inward remittances in Foreign currency received from outside Sri Lanka favoring the account holder through the banking system .
- Remittance received to an existing Inward Investment Account (IIA), Offshore Banking Unit account during the 24 month period from 08/04/2020.
- Investment can be made in LKR, USD or any designated foreign currency.
Withdrawal of Funds:
- Freely convertible and repatriable outside Sri Lanka on the maturity of the deposits.
- At maturity, option to transfer funds;
- Transfer funds to Inward Investment Account (IIA)
- Offshore banking account in Sri Lanka
- Disbursements in Sri Lanka in LKR.
- Repatriation of funds back to remitters account.
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