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Personal Foreign Currency
Fixed Deposits

Best return for your
foreign currency

Personal Foreign Currency Fixed Deposits enable you to save your hard earned foreign exchange and earn interest too in the same foreign currency.



You can place PFC Fixed Deposits for periods of one, three, six, twelve and twenty four months and the minimum deposit value is just USD 1,000/- or its equivalent in other currencies. The interest is paid on maturity.

 

The Essentials

  • Longer periods higher rates

  • Interest at maturity

  • Earn interest in the same currency of the deposit

 

Benefits of placing PFC Fixed Deposits

You can receive Sri Lanka Rupee or Foreign currency Loans & advances against your deposit at concessional rates. This facility enables you to retain your Foreign Currency Deposits intact.

You will receive the option of appointing a nominee, to whom the funds in the account are to be paid, in the event of death of the account holder.

You can switch from one currency to another at competitive exchange rates.


Placing a deposit

You can visit a branch of your choice and discuss your requirement along with the period of deposit with an officer of the branch.

Interest rate applicable for Foreign Currency Fixed Deposits can be viewed from the Rates and Tariffs page of this site.

Please fill the relevant application form and hand over to the branch. Remember to take your passport with the visa copy to confirm your non residency status if applicable.This is necessary for us to identify you.

You can place PFC Fixed Deposits in following designated currencies. The minimum deposit values are as follows.

 
Currency Minimum Deposit
US DOLLARS USD 1,000
STG. POUNDS GBP 1,000
SWISS FRANCS CHF 1,000
JAPANESE YEN JPY 100,000
AUSTRALIAN DOLLARS AUD 1,000
SINGAPORE DOLLARS SGD 1,250
CANADIAN DOLLARS CAD 1,000
HONG KONG DOLLARS HKD 8,000
EURO EUR 1,000
SWEDISH KRONER SEK 7,000
NORWEGIAN KRONER NOK 6,000
NEW ZEALAND DOLLAR ZND 1,500
CHINESE YUAN CNY 6,500

 

Deposits

All types of inward remittances in foreign currency as given below will be accepted in the credit of PFC Fixed Deposits.

  1. Telegraphic or SWIFT transfers.
  2. Bank drafts drawn on Commercial Bank of Ceylon PLC on which immediate credit is given without any charges or commission.
  3. Bank drafts drawn on foreign currency in the currency of the respective countries.
    eg: USD drafts drawn on New York
    GBP drafts drawn on London
  4. US$ drafts payable at local banks or issued by local banks on which credit will be given within 4 working days without any charge.
  5. Foreign currency notes and the full value of the deposit amount will be credited.
  6. Bank drafts drawn on local banks.


Interest

Interest will be calculated on the daily balance and credited to your account at maturity but however with regard to 2 years Fixed Deposit option available to get interest monthly, annually or maturity. On request special rates of interest could be negotiated for larger Fixed Deposits.



Withdrawals

Withdrawals will be allowed only after the agreed period of the Fixed Deposit.

You can uplift the Fixed Deposits prematurely at a lesser rate of interest. Please speak to the branch manager if you need to make such a withdrawal.

If you require further details please contact our NRFC Department on +94 112 330 408 ,+94 112 486 075/ 85 or your nearest Commercial Bank branch. Email :- travel_nrfc@combank.net

 

Terms and Conditions apply

Product information and terms & conditions are subject to change from time to time. Therefore, it is advisable to contact the branch nearest to you for the latest information and prevailing terms & conditions.

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