Learn more about TIERA D

Eligibility

• Sri Lankans who have made their permanent residence overseas as in non residents

• Citizens of Sri Lanka who have taken up overseas employment or set up business in abroad

• Citizens of Sri Lanka with dual citizenship in Sri Lanka and in another country

• Sri Lankan professionals living in Sri Lanka or abroad who earn income in foreign exchange

• Banks acting in fiduciary capacity on behalf of the above categories

How does it work

• Remittances to the TIERA D would automatically be converted at the prevailing exchange rate to Sri Lankan rupees and can be invested in treasury bills

• Upon maturity, interest and maturity proceeds can be repatriated in any designated currency to the account specified by you.

Credits to TIERA D

• Inward remittances received through banking system

• Sale proceeds realized out of sale or maturity proceeds of treasury bills or bonds and any income realized by way of capital gains

• Interest received on treasury bonds

Debits to TIERA D

• Payments for investment in treasury bills or bonds

• Outward remittances of sale proceeds, maturity proceeds and interest of treasury bills or bonds or any income realized by way of capital gain

• Local expenses incurred by you

• Payments to lead managers and bank charges

What is the minimum investment amount for Sri Lankan diaspora and migrants

• Individuals - USD 10,000/- or equivalent

• Others - USD 100,000/- or equivalent

What types of treasury bills foreign investors can purchase

Eligible investors can purchase, sell or discount treasury bills with a maximum maturity period of 12 months.

Interest and maturity proceeds

Maturity proceeds and interest on treasury bills are credited on due dates directly to your TIERA D account.

Terms & conditions apply

Details and terms & conditions mentioned in this page may change from time to time

Please contact the nearest branch for prevailing details and terms & conditions