Domestic Deposits (LKR)

The Best Corporate Bank Account in Sri Lanka 

As a business, you need to have the assurance that your financial needs can be met with ease and convenience, and no hassle whatsoever. This is exactly what you get when you open a corporate bank account at BOC. We believe in giving you the best possible service, so that you are free to run your business and make well-informed decisions to develop your business even further.

• Demand Deposits
  If your annual turnover is over Rs. 1Bn you may open a corporate bank account at our Corporate Branch. The initial deposit is Rs. 250,000/- (a daily minimum balance of Rs 250,000/= to be maintained)
  
  In order to open an account, you need to submit the documents listed below
  
  » Limited Liability
        › Mandate
        › Certificate of Incorporation
        › Form 01, Form 20, Form 13, and Form 15
        › Articles of Association
        › Board Resolution
        › Customer Due Diligence (CDD Form) – Non-personal
        › Customer registration form for individual directors with NIC copies
        › CDD form – personal for directors
        › Tax information certificate
        › Declaration of Beneficial Ownership
        › Fax indemnity
        › E-statement facility request
        › Signature cards
  
  » Partnership Accounts
        › Certificate of registration of a firm
        › Other relevant documents
  
  » Government Accounts
        › Parliament Act/Gazette
        › Other relevant documents
   
  » Joint Venture Accounts
        › Joint Venture Agreement
        › Other relevant Documents
   
  » Escrow Accounts
        › Escrow Agreement
        › Other relevant documents
   
• Fixed Deposit Accounts (LKR)
  Deposit Periods: 1 month, 3 months, 12 months, 2 years, 5 years
  (Conditions apply)
   % Rate of Interest 
   
• Seven Day Call Deposits
  Interest paid on withdrawals with 7 days’ notice
   % Rate of Interest 
   

Your business matters to us. Get in touch with one of our banking representatives to open your corporate bank account at BOC today!