We have detected that you are using an outdated browser. Using your current browser will prevent you from accessing all features of our website. An upgrade is required to improve your browsing experience. Use the links below to download a new browser or upgrade your existing browser.



Online Banking user please click here Online Banking
0
  Add to Favourite
  1. No favourites yet!
Increase text size Restore default font-sizes Decrease text size

Treasury Bills

Higher interest rate with a
secure investment

Treasury Bill is a short term securities issued through auctions conducted by the Central Bank of Sri Lanka on behalf of the Government.



Treasury Bills are issued at a discount and the face value is paid at maturity with interest paid up-front. An investor can buy Treasury Bills either directly from Commercial Bank or from primary dealers.

 

The Essentials

  • Interest and maturity proceeds are guaranteed by the Government

  • Your investment is secure as there is zero default risk

  • Sure security of returns tradability leading to instant liquidity

 

Treasury Bill is a transferable instrument, where your ownership can be transferred at any time by you. This makes it the safest and most liquid investment opportunity available in the country. Since you can discount the Treasury Bill at any time, it is almost like having cash in your hand.

Treasury Bills are issued at a discount and the face value is paid at maturity with interest paid up front.

You can buy Treasury Bills which are issued at three, six and twelve month maturity periods, either directly from Commercial Bank or from primary dealers.

 

Benefits of Treasury Bills

Issued by the Government and is 100% risk free.

Market determined yield rates enabling you to receive the highest possible interest rates.

Treasury Bills are tradable in the secondary market providing you with instant liquidity by sale.

You can make joint investments making Treasury Bills the ideal way to share wealth with loved ones.

No taxation and no stamp duty.

All transactions will be by means of state-of-the-art scrip less security settlement systems and the fully automated Central Depository System (CDS).

 

Eligibility

a. Resident individuals and corporate bodies incorporated in Sri Lanka.

b. Foreign institutional investors including country funds, regional funds or mutual funds.

c. Corporate bodies incorporated outside Sri Lanka.

d. Citizens of foreign states whether resident in Sri Lanka or outside Sri Lanka.

e. Non resident Sri Lankans.

are eligible to apply for Treasury Bills.

If you fall in to the category of investors from c to e as mentioned above, you should invest through Securities Investment Account and securities will be allocated for same after inquiring the availability in the leeway from the Central Bank.

 

Placing a Treasury Bill

You can visit a branch of your choice and discuss your requirement with an officer.

Interest rates applicable for Treasury Bills can be viewed through the rates and tariffs page of this site.

Please fill the relevant application form and hand it over to the branch. Remember to take your national identity card, driving license or passport. This is necessary for us to identify you.

 

Withdrawals

Once a formal request is forwarded to the Treasury Department, your Treasury Bills will be discounted based on the market rates.            


Terms & 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.

 

Apply for a Treasury Bill

Who can place Treasury Bills

Resident individuals and corporate bodies incorporated in Sri Lanka, foreign institutional investors including country funds, regional funds or mutual funds, corporate bodies incorporated outside Sri Lanka, citizens of foreign states whether resident in Sri Lanka or outside Sri Lanka and non resident Sri Lankans are eligible to apply for Treasury Bills.

What you need to bring

National Identity Card, Driving License or Passport

How to apply

Download application form and submit the filled form to any Commercial Bank branch

Apply now

Download