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Features
There are many reasons why you would need to your foreign currency earnings for a Fixed Term. These could be for an Investment opportunity, international business venture, to pay for your child’s education overseas or to earn a regular income for expenses. Seylan Foreign Currency Fixed Deposit is the perfect answer that provides better returns to your Foreign Currency.
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Attractive interest rates
Competitive and attractive interest rates
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Various Tenors Available
You can open a foreign Currency Fixed Deposit for tenors of 1,3,6,12 Months
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Greater Flexibility
Maintain or remit funds on a selected currency or convert at a favorable with us.
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Automatic Renewals
Upon maturity, your deposit is automatically renewed for the same tenor at the prevailing interest rate
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Wide range of benefits
NRFC / RFC account holders are entitled for the Thilina Sayura benefit scheme and SFIDA personal account holders only for Thilina Sayura.
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Range of Currencies
you can choose from 8 designated foreign currencies; USD, GBP, EUR, AUD, JPY, CHF, SGD, CAD
How to get started
- Eligibility
- Individuals and institutions earning foreign currency
- Corporate bodies incorporated outside Sri Lanka
- Foreign institutional investors, mutual funds
- Minimum Deposit Values:
Currency | Domestic Units | FCBU |
---|---|---|
U.S. Dollar (USD) | 500 | 10,000/- |
Sterling Pounds (GBP) | 500 | Equivalent of USD 10,000/- |
Euro ( EUR) | 500 | Equivalent of USD 10,000/- |
Australian Dollar (AUD) | 500 | Equivalent of USD 10,000/- |
Japanese Yen (JPY) | 50,000 | Equivalent of USD 10,000/- |
Swiss Franc (CHF) | 500 | Equivalent of USD 10,000/- |
Singapore Dollar (SGD) | 500 | Equivalent of USD 10,000/- |
Canadian Dollar (CAD) | 500 | Equivalent of USD 10,000/- |
- Documents Required
- National Identity Card
- Valid Passport or Valid Driving license which carries the national identity card number
- If the address differs from the given document a billing proof not less than 3 months should be submitted.
- Any document required from the bank for KYC purpose
- Corporate bodies:
- Company Registration
- Board Resolution
- Valid Identification of Board of Directors
Interest Rates Fees
Fixed deposit rates
Currency | Code | Minimum | Interest Rate % p.a |
||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Amount |
1 month |
AER % |
3 months |
AER% |
6 months |
AER% |
1 year |
AER % |
1 Year (Monthly) |
||
US Dollar | USD |
500 |
2.500 |
3.500 |
4.000 |
4.500 |
3.750 |
||||
Sterling Pound | GBP |
500 |
1.750 |
2.250 |
2.500 |
3.000 |
2.500 |
||||
Euro | EUR |
500 |
1.750 |
2.000 |
2.250 |
2.500 |
2.250 |
||||
Australian Dollar | AUD |
500 |
2.750 |
3.000 |
3.250 |
3.750 |
3.500 |
||||
Japanese Yen | JPY |
50,000 |
1.000 |
1.250 |
1.500 |
1.750 |
1.500 |
||||
Swiss Franc | CHF |
500 |
0.500 |
0.750 |
1.000 |
1.000 |
0.750 |
||||
Singapore Dollar | SGD |
500 |
0.750 |
1.000 |
1.250 |
1.500 |
1.250 |
||||
Canadian Dollar | CAD |
500 |
2.000 |
2.250 |
2.250 |
2.500 |
2.250 |
||||
Norwegian Kroner | NOK |
5000 |
1.750 |
2.000 |
2.250 |
2.500 |
2.250 |
Long Term USD fixed deposit rates
Currency - USD | 1 Year (%) |
02 Years (%) |
03 Years(%) |
04 Years(%) |
05 Years(%) |
---|---|---|---|---|---|
Monthly | 3.7500 |
3.7500 |
3.7500 |
4.0000 |
4.2500 |
AER | |||||
Maturity | 4.5000 |
4.7500 |
4.8500 |
5.0000 |
6.0000 |
AER |
Use these tools Calculators to see how you can save
From where can I place a fixed Deposit?
A foreign currency f/d can be placed at any Seylan bank branch, with in working hours.
What will happen if I prematurely withdraw the Foreign Currency Fixed Deposit?
Interest will be paid to the customer according to the time period the deposit was held.
Can I obtain a loan against the Foreign Currency FD?
A facility can be entertained up to 90% of the deposit value
Can I withdraw the money of the deposit in Foreign Currency?
Funds can be transferred by way of a foreign draft or via telegraphic transfer.
Should I inform in advance that am withdrawing the Foreign Currency Fixed Deposit?
Currency can be withdrawn only for travel purposes; in such case the relevant branch will make the necessary arrangements.