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Resident Foreign Currency Account - RFC

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Features

    Objective

    Resident Foreign Currency (RFC) Account is a savings scheme introduced to individuals who are citizens or non-citizen residents in Sri Lanka. This provides the privilege of saving in foreign currency and Seylan RFC Accounts offer you a wide range of benefits on your savings.

    • Type of Accounts

      Savings Accounts and Foreign Currency Fixed Deposits

    • Save and make the change

      by opening a RFC account today entitle yourself for" Seylan Thilina Sayura" benefit scheme with the monthly interest

    • Use alternative access

      easily access your account through alternative banking channels e.g Internet Banking

    • Global Access

      Seylan Bank Debit cards could be used at any Visa accredited ATM or merchants' world wide

    • Range of Currencies

      USD, GBP, EUR, AUD, JPY, CHF, SGD, CAD, DKK, SEK, HKD, NZD

    • Tax exemption

      for interest earned for deposits as per current regulations

  • Eligibility
    • Sri Lankan citizens or Foreign Passport holders on permanent visa's
  • Documentation requirement
    • Sri Lankan Passport visa page
    • Foreign Nationals Permanent visa documents
    • Deposits to open the account: USD 100/- or equivalent value in other designated currencies
Interest Rates Fees

    Given below are the interest rates for NRFC / RFC / SFIDA / RNNFC / NRNNFA / FEEA / FCISPE / SIA / SFNA

    SAVINGS ACCOUNTS
    Currency Code Minimum InterestRate % p.a AER 
    Balance
    US Dollar
    USD
    25
    2
    2.0184
    Sterling Pound
    GBP
    15
    1.5
    1.5104
    Euro
    EUR
    20
    1
    1.0046
    Australian Dollar
    AUD
    35
    2
    3.0416
    Japanese Yen
    JPY
    2,850
    0.125
    0.1251
    Swiss Franc
    CHF
    35
    0.125
    0.1251
    Singapore Dollar
    SGD
    45
    0.25
    0.2503
    Canadian Dollar
    CAD
    30
    1.5
    1.5104
    Norwegian Kroner
    NOK
    200
    1.5
    1.5104
    Danish Kroner
    DKK
    175
    1.5
    1.5104
    Swedish Kroner
    SEK
    200
    1.5
    1.5104
    Hong Kong Dollar
    HKD
    200
    0.125
    0.1251
    New Zealand Dollar
    NZD
    35
     
    1.5000
    1.5104

See all service charges>>>

See all Interest Rates>>>


FAQs

What are the types of credits to the RFC account?

Inward Remittances received and foreign currency brought into the country.
Interest earned in foreign currency on these accounts.

What are the types of debits from the RFC accounts?

Debits to theses accounts are freely allowed for international transactions.
Funds transfers from one RFC account to another RFC account are permited.

What do I need to open a RFC account ?

You need only the N I C ,and to fill a mandate .

Can I transfer funds from a NRFC account to a RFC , and wise versa ?.

You can transfer funds from NRFC account to a RFC account but ,not from RFC to NRFC.