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.
Attractive interest rates
Competitive and attractive interest rates
Various Tenors Available
You can open a foreign Currency Fixed Deposit for tenors of 1,3,6,12 Months
Maintain or remit funds on a selected currency or convert at a favorable with us.
Upon maturity, your deposit is automatically renewed for the same tenor at the prevailing interest rate
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.
Range of Currencies
you can choose from 8 designated foreign currencies; USD, GBP, EUR, AUD, JPY, CHF, SGD, CAD
How to get started
- Individuals and institutions earning foreign currency
- Corporate bodies incorporated outside Sri Lanka
- Foreign institutional investors, mutual funds
- Minimum Deposit Values:
|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 Amount||Interest Rate % p.a|
|1 month||AER %||3 months||AER%||6 months||AER%||1 year||AER %||1 Year (Monthly)||AER %|
Long Term USD fixed deposit rates
|01Y(%)||02Y(%)||03Y(%)||04Y(%)||05Y(%)||05Y(%) (above USD 25,000/-)|
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.