Save your hard-earned money with a NRFC Savings Account at Bank of Ceylon for maximum benefits
BOC offers US$ 5/- as a gift to all who opens NRFC accounts with us, prior to departure and also to those who have already migrated for employment, if the account is opened in the country where
they are employed.
The initial deposit to open NRFC accounts also has been reduced to US$ 5 from US$ 50. they are employed.
(if there are no operarions in the account for a period of 6 months the US$ 5 gifted will be withdrawn and account will be closed. )
Eligibility to open an account
- Sri Lankan employed abroad or within 90 days of return to SriLanka.
- Non nationals of Sri Lankan origin
- Sri Lankan Nationals, who proceed overseas on scholarships.
Account can be held individually or jointly if joint applicants qualify under above.
Initial Deposit
- US$ 5 or its equivalent in any of the designated currencies referred to below.
Benefits we offer you
- Transaction can be made in
- Euro
- USD
- Sterling Pounds
- Swiss Francs
- Australian Dollars
- Japanese Yen
- Singapore Dollars
- Canadian Dollars
- Attractive interest rates
- Interest earned free of income tax
- Free Life Insurance Cover for Rs.100,000/- to Rs.1.0 Million*
- Insurance cover up to Rs.50,000/- for loss of baggages when engaged in foreign travel*
- Loan facility up to Rs.300,000/- for self employment*
- Loan facility up to Rs.50,000/- to obtain basic amenities*
- ‘BOC Sarani’ Housing loan up to Rs.300,000/- @ 5% Interest*
- Rupee loan and Overdrafts up to 90% of the deposit
- No commission for FC Inward Remittances at the receiving end
- The facility of withdrawing cash through ATM Machines/VISA Electron globally.
* (Conditions apply)
Documents we need
- Photocopy of the pages of passport with photograph and details
- Initial deposit by bank draft / TT / Swift (BCEYLKLX) / BOC e-Cash / Xpress Money
- Mandate form duly completed and signed
Click here to download - NRFC Savings Application ( pdf )<< Click to view
Recent Liberalization of Exchange Control Regulations to Facilitate Foreign Currency Inflows