Personal Foreign
Currency Accounts (PFCA)

Make a value out of your hard earned foreign exchange by investing in our Personal Foreign Currency Accounts (PFCA) and enjoy interest in the same currency.

Overview

NRFC/RFC/RNNFC/NRNNFC/FCAIPSE – Employee accounts have been re-designated as PFCA.

Eligibility

An individual including a minor, who is a Sri Lankan National.
An individual of Sri Lankan origin, including a minor who is a resident outside Sri Lanka.
A non-national resident in Sri Lanka including a minor.
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.

Permitted Credits (Indicative)

Inward remittances.
Depositing foreign currency brought into Sri Lanka, by making appropriate declarations.
Transfer from PFCA accounts/Business foreign currency accounts (BFCA) and accounts in Offshore Banking Unit subject to the Foreign Exchange Regulations.
If the account holder is a resident outside Sri Lanka or a non-national resident in Sri Lanka transfers from an Inward Investment Account (IIA) of the same account holder.
If the account holder is a non-national employee resident in Sri Lanka, monthly salary, employment benefits and other related benefits.

Permitted Debits (Indicative)

Ability to make outward remittance as allowed
Local disbursements.
Transfer to PFCA accounts/Business foreign currency accounts (BFCA) and accounts in Offshore Banking Unit subject to the Foreign Exchange Regulations.
If the account holder is a resident outside Sri Lanka or a non-national resident in Sri Lanka transfers to own IIA.
Withdrawal in foreign currency notes up to USD 5,000 (or equivalent in any other foreign currency) for travel purpose.
Foreign currency withdrawals for non-national resident outside Sri Lanka who is on temporary visit to Sri Lanka.