Special Deposit Account
Key Features
- SDAs shall only be opened as Fixed Deposits.
- SDA Savings Account can be opened only for the purpose of receiving funds to be placed in SDA Fixed Deposit.
- Joint accounts are permitted with another eligible person.
- Freely convertible and remittable outside Sri Lanka at maturity.
- Will not be subject to Foreign Exchange Regulation No 1 of 2017 published in Gazette Notification No 2045/56 dated 17.11.2017.
Eligibility
- Any Sri Lankan individual resident in or outside Sri Lanka above 18 years of age
- Dual Citizens
- Citizens of other States with Sri Lankan origin
- Non-Nationals resident in or outside Sri Lanka
- Funds, corporate bodies, associations incorporated/registered outside Sri Lanka
- Any other well-wishers
Tenure
- Higher interest rates than the normal Fixed Deposits
- 6 months tenure – 1% above the normal interest rate per annum
- 12 months tenure – 2% above the deposit interest rates per annum
What You'll Need
- Your National Identity Card
- A billing proof for your residential address verification (Electricity Bill, Water Bill, or Land Line)
More Details
Designated foreign currencies:
- United States Dollars (USD)
- Euro
- Sterling Pound
- Australian Dollars
- Singapore Dollars
- Swedish Kroner
- Swiss Franc
- Canadian Dollars
- Hong Kong Dollars
- Japanese Yen
- Danish Kroner
- Norwegian Kroner
- Chinese Renminbi
- New Zealand Dollars
Please contact Hiruni Bulathsinghala on 0777-630614 for more details.