Highlights

Earn a higher interest for your foreign currency deposits depending on the tenure.
The interest will be credited to you at maturity.
Personal & non personal accounts can be opened.
You can save in a currency of your choice.

Eligibility

A non – national, resident in or outside Sri Lanka.

A Sri Lankan dual citizen, resident in or outside Sri Lanka.

Sri Lankan national who has obtained Permanent Residency status or citizenship in another country, resident in or outside Sri Lanka.

A Sri Lankan citizen employed abroad, resident outside Sri Lanka (excluding emigrants).

A company incorporated outside Sri Lanka.

Interest rates

Effective from 23.05.2023

Currency	Interest Rate % (p.a.)
Currency	2 Years	3 Years	4 Years	5 Years
USD	7.00	7.25	7.75	8.00
EUR	4.25	4.50	4.75	5.00
GBP	4.75	5.00	5.25	5.50
AUD	4.75	5.00	5.25	5.50

Deposit period

You can place Forex Plus fixed deposits for 02 to 05 years and it can be renewed.

Eligible currencies

Forex Plus fixed deposits can be opened in the currencies of USD, EUR GBP or AUD.

Deposit amount

Minimum deposit would be USD 5,000 or equivalent in other eligible currencies.

Permitted credits

Remittances in foreign exchange received from outside Sri Lanka in favor of the account holder through the banking system.

Foreign exchange brought into Sri Lanka by the account holder upon declaration to the Customs Department, subject to the Order issued under Section 8 of the FEA.

Permitted debits

Any outward remittances in favor of the account holder.

Disbursements in Sri Lanka in Sri Lanka Rupees.

Transfers to Personal Foreign Currency Accounts or Inward Investment Accounts (IIAs) or accounts maintained in the Offshore Banking Unit, of the same account holder.

Documents required

Residents overseas:

Forex Plus 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)
03 months bank statements for Sri Lankan Nationals with PR / Dual Citizenship or working abroad. (If applicable)
In case of Non Nationals and Company’s incorporated outside Sri Lanka a reference letter from their Banker.
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:

Forex Plus account mandate.
Know Your Customer (KYC) form.
National Identity Card/ Valid Driving License/ Valid Passport that carries the NIC number.
In case of Non Nationals and Company’s incorporated outside Sri Lanka a reference letter from their Banker. (If applicable)
Address verification documents (If the address given to the bank is different from the National Identity Card / Driving License.) More info >>

Placing a deposit

Duly completed mandate along with other documents mentioned above is required to open the Forex Plus fixed deposit.

You can collect the application form from your nearest Commercial Bank branch or download it from the website.

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.