Highlights

• You can earn a higher interest for your foreign currency deposits depending on the tenor 
• The interest will be credited to you at maturity
• You can earn interest in the same currency of the deposit

Features

You can place PFC Fixed Deposits for periods of 01,03,06,12 and 24 months and the minimum deposit value is just USD 1,000/- or its equivalent in other currencies. The interest is paid on maturity.

You can receive Sri Lanka Rupee or Foreign currency Loans & advances against your deposit at concessional rates. This facility enables you to retain your Foreign Currency Deposits intact.

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.

You can switch from one currency to another at competitive exchange rates.

Deposits

All types of inward remittances in foreign currency as given below will be accepted in the credit of PFC Fixed Deposits.

1. Telegraphic or SWIFT transfers.
   
2. Bank drafts drawn on Commercial Bank of Ceylon PLC on which immediate credit is given without any charges or commission.
3. Bank drafts drawn on foreign currency in the currency of the respective countries.
4. eg: USD drafts drawn on New York
5. GBP drafts drawn on London
6. US$ drafts payable at local banks or issued by local banks on which credit will be given within 4 working days without any charge.
7. Foreign currency notes and the full value of the deposit amount will be credited.
8. Bank drafts drawn on local banks.

Interest

Interest will be calculated on the daily balance and credited to your account at maturity but however with regard to 2 years Fixed Deposit option available to get interest monthly, annually or maturity. On request special rates of interest could be negotiated for larger Fixed Deposits.

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:

1. Account mandate
2. Know Your Customer (KYC) form.
3. 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.  
4. Visa page of your passport duly certified by the embassy/ Consulate office of Sri Lanka in your country or by your banker overseas.  
5. Copy of work agreement (If applicable) 
6. 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:

1. Account mandate.
2. Know Your Customer (KYC) form.
3. National Identity Card/ Valid Driving License/ Valid Passport that carries the NIC number.
4. Address verification documents (If the address given to the bank is different from the National Identity Card / Driving License.) More info >>

Placing a deposit

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 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 if applicable. This is necessary for us to identify you.

You can place PFC Fixed Deposits in following designated currencies. The minimum deposit values are as follows.

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:- travel_nrfc@combank.net

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.