PRODUCTS
Open a Savings or Fixed Deposit Account in:
- US Dollars
- Euros
- Sterling Pounds
- Japanese Yen
- Australian Dollars
- Singaporean Dollars
All you need is US $ 25 or equivalent to open an NRFC account and US $ 500 or equivalent to open a RFC account.
Benefits of a Foreign Currency Account
- Higher interest rates.
- Interest is calculated on a daily basis and
credited to your account quarterly.
- Gain when your chosen currency appreciates
against the Rupee.
- Set up regular or occasional standing orders
to a third party account in rupees or in your
chosen currency.
Higher Returns on Your Foreign Exchange
Why let your foreign currency earnings idle?
Invest in a high yielding Vardhana Foreign Currency
Fixed Deposit Account and let your money grow.
With US$500 or equivalant you
can start a fixed deposit today and let it mature
for three, six or twelve months.
Current Rates applicable on Foreign Currency
Deposits
| |
USD |
GBP |
EURO |
JPY |
AUD |
SGD |
| 03 Months |
3.50-4.00% |
3.00 -3.25% |
3.00 -3.25% |
0.10% |
4.50% |
1.00% |
| 06 Months |
3.75-4.50% |
3.25 -3.50% |
3.25 -3.50% |
0.10% |
4.75% |
1.25% |
| 12 Months |
4.00-5.00% |
3.50 -3.75% |
3.50 -3.75% |
0.10% |
5.00% |
1.50% |
Are you Eligible?
If you fit into any of the following
criteria you are eligible to apply for a foreign
currency account.
- Resident Foreign Currency Account
(RFC)
For Citizen of Sri Lanka residing in
Sri Lanka and receiving money from abroad.
- Non-Resident Foreign Currency Account
(NRFC)
For Sri Lankan citizens employed overseas
and those who have returned to Sri Lanka after
working abroad.
- Resident Non-National Foreign Currency
Account (RNNFC)
For Non-nationals residing in Sri Lanka
for work or pleasure.
Currency
Exchange Rates
Overdraft Facilities
Immediate access to credit facilities
at preferential rate against the security of foreign
currency deposit up to 90% of the prevailing value
in Sri Lanka rupees while the deposit continues
to remain in foreign currency and earn interest.
This amount will be automatically available to
those who maintain more that US$5,000 or equivalent
in their accounts.
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