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Foreign Currency Fixed Deposit

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.

  • 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


  • Greater Flexibility

    Maintain or remit funds on a selected currency or convert at a favorable with us.

  • Automatic Renewals

    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
  • 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 Amount Interest Rate % p.a
1 month AER % 3 months AER% 6 months AER% 1 year AER % 1 Year (Monthly) AER %
US Dollar USD 500 2.500 2.5288
3.002.7785
3.50 3.2764
3.75 3.5000
3.50 3.0416
Sterling Pound GBP 500 1.750 2.0184
2.25 2.2691
2.50 2.5156
3.00 2.7500
2.50 2.2733
Euro EUR 500 1.750
1.7641
2.00 2.015
2.25 2.0100
2.50 2.2500
2.25 2.0184
Australian Dollar AUD 500 3.000 3.2989
3.25 3.5462
3.50 3.7852
4.00 4.0000
3.50 3.2989
Japanese Yen JPY 50,000 1.000 1.0046 1.25 1.2559 1.50 1.5056 1.75 1.7500 1.50 1.5104
Swiss Franc CHF 500 0.500 0.7526 0.75 0.7521 1.00 1.0025 1.00 1.0000 0.75 0.7526
Singapore Dollar SGD 500 0.750 0.7526 1.00 1.0038 1.25 1.2539 1.50 1.5000 1.25 1.2572
Canadian Dollar CAD 500 2.000 1.7641
2.25 2.015
2.25 2.000
2.50 2.2500
2.25 2.0184
Norwegian Kroner NOK 5000 1.750
2.00
2.25
2.50
2.25

Long Term USD fixed deposit rates


01Y(%) 02Y(%) 03Y(%) 04Y(%) 05Y(%) 05Y(%) (above USD 25,000/-)
Monthly 3.5000 3.5000 3.7500 4.0000 4.2500 4.2500
AER





Annually - - - - - 5.0000
AER




Maturity 3.7500 4.0000 4.2500 4.5000 4.7500 6.0000
AER





See all Interest Rates>>>


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.