Special Deposit Account

Special Deposit Account

The DFCC Special Deposit Account (SDA) offers highly attractive returns for funds received via inward remittances from abroad to Sri Lanka. Fixed Deposits can be placed under this account in multiple currencies including LKR.

Features & Benefits

Features & Benefits

  • Special Deposit Account offers a higher interest rate than regular LKR and Foreign Currency Fixed Deposits.(Savings Account to be opened to receive the funds to be placed in Fixed Deposits)
  • Fixed Deposits can be placed for 6 months and 1 year tenors.
  • Interest paid at maturity.
  • Can be opened in LKR , United States Dollars(USD), Euro(EUR), Sterling Pound(GBP), Australian Dollars(AUD), Japanese Yen(JPY), Singapore Dollar(SGD), Canadian Dollar(CAD), Swiss Franc(CHF).
  • Freely convertible and repatriable outside Sri Lanka upon maturity.
  • Click here to apply or inqire now.


  • Any Sri Lankan individual resident in or outside Sri Lanka including Dual Citizens.
  • Citizens of other States with Sri Lankan origin.
  • Non-national resident in or outside Sri Lanka.
  • Funds, corporate bodies, association incorporated /registered outside Sri Lanka.
  • Special Deposit Accounts can be opened during the period of six months from 08th April 2020.
  • Inward remittances to be in line with regulatory guidelines.
  • SDA can be opened in Joint Accounts if all parties meet the eligibility criteria.

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 regulation.

Permitted Debits

  • Outward remittances of maturity proceeds upon maturity of the term deposit.
  • Transfer of maturity proceeds of SDA 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.

How to Apply

Digital Banking

  • Online Banking(viewing only)

Interest Rate

Interest Rate at maturity (p.a.)

6 Months – Maturity6.75%5.00%4.75%4.00%4.25%4.75%4.75%4.75%4.00%
6 Months – AER6.86%5.06%4.81%4.04%4.30%4.81%4.81%4.81%4.04%
1 Year – Maturity8.25%6.50%6.00%5.25%5.50%6.00%6.00%6.00%5.00%
1 Year – AER8.25%6.50%6.00%5.25%5.50%6.00%6.00%6.00%5.00%


Tools & Support

Contact Us

For further product related matters please contact following corporate management members of DFCC Bank.

  • Mr. Anton Arumugam – Vice President Liabilities and Trade Business
    WhatsApp No – 077 771 2523
  • Mr. Aasiri Iddamalgoda – Senior Vice President Branch Banking SME
    WhatsApp No – 077 358 0759
  • Mr. Shamindra Marcelline – Senior Vice President Corporate Banking
    WhatsApp No – 077 861 9039