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Personal Foreign Currency Account
Personal Foreign Currency Account
Personal Foreign Currency Account enable you to save your hard earned foreign exchange and earn interest too in the same foreign currency.
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Highlights
Eligibility
Interest
Deposits
Withdrawals
Documents required
Opening an account
Terms & conditions apply
Highlights
Personal Foreign Currency Account (PFC) is a special account which can be opened in designated Foreign currencies with attractive interest rates and it enables you to remit your hard earned foreign currency to the motherland which could be invested in many attractive investment products.
PFC Accounts can be opened with US Dollars, Sterling Pounds, Swiss Francs, Japanese Yen, Australian Dollars, Canadian Dollars, Hong Kong Dollars, Euros, Singapore Dollars, New Zealand Dollars, Chinese Yuan, Swedish Kroners, Norwegian Kroner and Danish kroner.
Arrangements can be made for a member of your family or friend to operate this account on your behalf.
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.
Standing orders are effected without any commission.
You can switch from one currency to another at competitive exchange rates.
You can apply for Sri Lanka rupee or foreign currency loans & advances at concessional rates which enables you to retain the foreign currency deposits intact.You will receive a special personalized service.
Eligibility
If you belong to the following categories, you are eligible to open a PFC account.
An individual (including minors) who is a Sri Lankan national.
An individual of Sri Lankan origin (including minors) who is a resident outside Sri Lanka.
A non-national resident in Sri Lanka.
A Non-national either on temporary visit to Sri Lanka or intending to visit Sri Lanka.
An administrator or executor of the estates of a deceased person, who maintained a personal foreign currency account with that authorized dealer or restricted dealer until the completion of the administration of the deceased person’s estate.
Currency
Minimum Deposit
US DOLLARS (USD)
25
STG. POUNDS (GBP)
25
SWISS FRANCS (CHF)
25
JAPANESE YEN (JPY)
10, 000
AUSTRALIAN DOLLARS (AUD)
25
SINGAPORE DOLLARS (SGD)
25
CANADIAN DOLLARS (CAD)
40
HONG KONG DOLLARS (HKD)
200
EURO (EUR)
25
NEW ZEALAND DOLLAR (NZD)
50
Interest
Interest will be calculated on the daily balance and credited to your account quarterly.
Effective from 16.07.2020
Currency
Interest Rate %( p.a.)
US Dollars (USD)
1.00
EURO (EUR)
0.25
Great Britain Pounds (GBP)
0.25
Japanese Yen (JPY)
0.10
Canadian Dollars (CAD)
0.50
Swiss Francs (CHF)
0.25
Singapore Dollars (SGD)
0.25
Australian Dollars (AUD)
1.00
Hong Kong Dollars (HKD)
0.50
New Zealand Dollars (NZD)
1.00
Chinese Yuan (CNY)
1.00
Norwegian Kroner (NOK)
0.25
Swedish Kroner (SEK)
0.15
UAE Dirham (AED)
0.10
Deposits
All types of inward remittances in foreign currency, as given below, will be accepted in credit to PFC accounts.
Telegraphic or SWIFT transfers.
Bank Drafts drawn in favor of Commercial Bank of Ceylon PLC.
USD Drafts payable at local Banks or issued by local Banks. Credit on which will be given within 4 working days without any charge.
Foreign currency notes.
Traveller's cheques issued overseas and personal cheques.
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.
Withdrawals
You can make withdrawals from PFC accounts on the following basis.
Calling over personally and on providing your passport or national identity card
You can make withdrawals in the currency of the country, through any ATM displaying Visa, Mastercard, UnionPay & JCB logos
You can make payments for another party on your written request under special circumstances eg. For the upkeep of your family
For obtaining currency notes for travel abroad
Documents required
Residents overseas:
Account mandate.
Know Your Customer (KYC) form.
The Personal Data Page of your passport duly certified by the embassy/ Consulate office of Sri Lanka in your country or by your banker overseas.
Visa page of your passport duly certified by the embassy/ Consulate office of Sri Lanka in your country or by your banker overseas.
Copy of work agreement. (If applicable)
Address verification documents (If the address given to the bank is different from the National Identity Card / Driving License.) More info >>
Residents in Sri Lanka:
Account mandate.
Know Your Customer (KYC) form.
National Identity Card/ Valid Driving License/ Valid Passport that carries the NIC number.
Address verification documents. (If the address given to the bank is different from the National Identity Card / Driving License.) More info >>
Opening an account
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 Savings & 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. This is necessary for us to identify you.
You may open a PFC Savings Account with us in any of the following currencies and earn competitive rates of interest.
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:- [email protected]
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
Highlights 
