NRFC Fixed Deposits

Save your  hard-earned money with a  NRFC Fixed deposit at Bank of Ceylon for maximum benefits.

Eligibility to open an account

• Sri Lankan Employed abroad or within 90 days of return to
  Sri Lanka
• Non nationals of Sri Lanka origin
• Sri Lankan Nationals, who proceed overseas on scholarships.

Account can be held individually or jointly if joint applicants qualify under above.

Initial Deposit we need

• US $  1,000/- or its equivalent in any designated currency referred to above

Period

• 1, 3, 6 and 12 months

Benefits we offer to you

• Attractive interest rates
• LIBOR + rate for deposits over USD 50,000/-
  
• Interest earned free of income tax
  
• Free Life Insurance Cover for Rs.100,000/- to Rs.1.0 Million*
  
• Insurance cover up to Rs.50,000/- for loss of baggages when engaged in foreign travel*
  
• Loan facility up to Rs.300,000/- for self employment*
  
• Loan facility up to Rs.50,000/- to obtain basic amenities*
  
• Housing loan facilities up to Rs.1,000,000/-*
  
• ‘BOC Sarani’ Housing loan up to Rs.300,000/- @ 5% Interest*
  
• Rupee loan and Overdrafts up to 90% of the deposit
  
• No commission for FC Inward Remittances at the receiving end
  
• The facility of withdrawing cash through ATM Machines/VISA Electron globally.

* (Conditions apply)

Documents we need

• Photocopy of the pages of passport with photograph and details
• Initial deposit by bank draft / TT / Swift (BCEYLKLX) / BOC e-Cash / Xpress Money
• Mandate form duly completed and signed

Click here to download -  NRFC FD Application (pdf format)

<< Click to view
Recent Liberalization of Exchange Control Regulations to Facilitate Foreign Currency Inflows

Download Adobe Acrobat Reader