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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.
If you belong to the following categories, you are eligible to open a PFC 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.
|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|
|NEW ZEALAND DOLLAR (NZD)||50|
|SWEDISH KRONER (SEK)||150|
|NORWEGIAN KRONER (NOK)||150|
|CHINESE YUAN (CNY)||100|
Interest will be calculated on the daily balance and credited to your account quarterly.
All types of inward remittances in foreign currency, as given below, will be accepted in credit to PFC accounts.
You can make withdrawals from PFC accounts on the following basis.
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@example.com
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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