What makes Seylan NRFC Accounts so special?
NRFC savings accounts are offered in all designated foreign currencies.
NRFC savings account balance could be withdrawn on demand.
Attractive rates of interest.
Interest is calculated on daily balances and credited to your account on the last working day of each
Account statements are mailed free of charge to the address given by you.
Fixed deposits are offered for three, six, or twelve months in USD, GBP, JPY, Euro and all other
Fixed deposits for different periods and different currencies can be considered on specific request.
NRFC accounts could be opened and operated at any Seylan Bank Branch.
Seylan Bank is present in 115 important locations all over Sri Lanka.
You could open NRFC accounts in different designated currencies and transfer funds between
accounts, while earning additional
returns through favorable movements.
Attractive exchange rates for switching
Personalised service and confidentiality
NRFC Cash Card
This is a unique facility and offered free only by Seylan Bank. This card allows a nominated member of your family to withdraw a fixed sum of money monthly, in Sri Lankan Rupees, with an upper limit of LKR.40,000 for a month.
Deposits to your account could be made in:
Bank drafts and cheques made payable to your name as stated in your passport.
Travellers cheques and foreign currency notes brought in to the country by you.
Mail transfers in your name
Telegraphic transfers in your name.
You could give us standing instructions to pay a fixed sum of money periodically to a named person in
Sri Lanka or abroad.
You could give us specific instructions to remit funds by draft, mail transfer or telegraphic transfer to a
named person in Sri Lanka
You could obtain travellers cheques and foreign currency notes without loss of exchange on
production of evidence of travel.
How to open an Account
The initial deposit to open an account is USD 25 or equivalent.
Complete an account opening form. Attach copies of your passport (the pages with your photograph
and personal details) along with your VISA copy and the photocopy of the job contract and send same
with your initial remittance.
Special features of Seylan Bank NRFC Accounts
If you maintain a minimum balance of USD 500 or equivalent for a period of six calendar months, you qualify for:
A complimentary Tikiri account to any child living in Sri Lanka nominated by the account holder (below
15 years of age) with a deposit of Sri Lankan Rupees 500/-
A life insurance cover, free of charge, depending on the account balance maintained as detailed
Minimum deposit for 6 months
Natural death cover
Accidental Death cover
|USD 500 -2,500
|USD 2,501 - 7,500
|USD 7,501 upwards
For payments under the insurance cover, the bank would consider the minimum balance maintained in the account for 6 months prior to date of claim
A Rupee loan facility of 200% of the account balance for income generating purpose once you return
to Sri Lanka. (You will have to agree to make a minimum monthly deposit for a period of 24 months
while you are abroad to qualify for the loan scheme)