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Special Deposit Account (SDA)

An account that enables

you to invest in Sri Lanka

Introducing a Special Deposit Account to support the national effort to manage the challenge faced due to COVID-19 outbreak.

The Government of Sri Lanka in consultation with the Monetary Board of the Central Bank of Sri Lanka (CBSL) has introduced a Special Deposit Account (SDA).


The Essentials

  • Higher interest paid at maturity

  • Personal & non personal accounts can be opened 

  • You can save in a currency of your choice


Eligible Persons

Sri Lankan individuals resident in or outside Sri Lanka

Dual Citizens

Citizens of other States with Sri Lankan origin

Non- nationals resident in or outside Sri Lanka

Funds, corporate bodies, associations incorporated/registered outside Sri Lanka

Any other well-wishers


Opening and Maintaining Special Deposit Accounts

Special Deposit Accounts shall be opened and maintained only in the form of Fixed Deposits. SDAs in the form of savings accounts may be opened as operational accounts only for the purpose of receiving funds to be placed in SDAs. SDA Interim Savings Account could not be used for any transactions other than routing SDA funds.

Special Deposit Accounts shall be opened and maintained either in any designated foreign currency or in Sri Lanka Rupees.

Special Deposit Accounts may be held as joint accounts by eligible persons.


Minimum Tenure

Six (06) months


Type of Deposit

Fixed deposits only


Interest Rate

6 months deposits - Additional 1% p.a on the interest rate published by the Bank

12 months deposits - Additional 2% p.a on the interest rate published by the Bank


Eligible Currencies

The SDA could be opened In Sri Lankan Rupees or designated foreign currencies; USD, EUR, GBP, AUD, SGD, SEK, CHF, CAD, HKD, JPY DKK, NOK, RMB, NZD


Permitted Credits

Inward remittances in foreign currency received from outside Sri Lanka in favor of the account holder through the banking system.

Transfers from Inward Investment Accounts (IIA) or accounts maintained in the Offshore Banking Unit by the account holder, out of the proceeds received as inward remittances during the six months period from the date of the regulations in favor of the account holder.


Permitted Debits

Outward remittances of maturity proceeds upon maturity of the term deposit.

Transfer of maturity proceeds of Special Deposit Accounts term deposits to an Inward Investment Account or an account maintained in the Offshore Banking Unit by the same account holder.

Disbursements in Sri Lanka in Sri Lanka Rupees.


For further details please contact our Travel & NRFC Department on + 94 11 2330408  ,+94 11 2486075/85 or your nearest Commercial Bank branch. Email :- travel_nrfc@combank.net


Terms & Conditions apply
Terms and Conditions will be in line with the directions issued by the Dept of Foreign Exchange, Central Bank of Sri Lanka

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