Features & Benefits of Special Deposit Account
Features & Benefits of Special Deposit Account
- 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.
Eligibility
Eligibility
- 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 36 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
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 Twenty Four months’ period from the date of the regulation.
Permitted Debits
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
How to Apply
- If you are a new customer Click here to Download Personal Account Opening Application
- If you are an existing DFCC customer Click here to Download Fixed Deposit Application
- Visit our nearest Branch – Check the Branch Near You
- Call the Hotline (+94) 112-350000
- Funds, corporate bodies, association incorporated /registered outside Sri Lanka please Inquire here
Digital Banking
Digital Banking
- Online Banking(viewing only)
Interest Rate
Interest Rate
Interest Rate at maturity (p.a.)
| Fixed Deposit Tenor | LKR | USD | GBP | EUR | JPY | AUD | SGD | CAD | CHF | CNY |
|---|---|---|---|---|---|---|---|---|---|---|
| 6 Months – Maturity
(Normal FD Rate + 1.00%) |
15.50% | 6.25% | 5.50% | 4.75% | 4.75% | 5.25% | 4.75% | 4.75% | 4.00% | 3.25% |
| 6 Months – AER | 16.10% | 6.35% | 5.58% | 4.81% | 4.81% | 5.32% | 4.81% | 4.81% | 4.04% | 3.28% |
| 1 Year – Maturity
(Normal FD Rate + 2.00%) |
17.00% | 7.50% | 6.75% | 6.25% | 6.00% | 6.75% | 6.00% | 6.00% | 5.00% | 4.50% |
| 1 Year – AER | 17.00% | 7.50% | 6.75% | 6.25% | 6.00% | 6.75% | 6.00% | 6.00% | 5.00% | 4.50% |
Tools & Support
Tools & Support
- Apply Online to Open a Savings Account (For Joint or Individuals)
- Check our Fixed Deposit Calculator
Contact Us
Contact Us
For further product related matters please contact following corporate management members of DFCC Bank.
- Mr. Anton Arumugam – Senior Vice President, Offshore Banking, Remittances & Business Development
WhatsApp No – 077 771 2523 - Mr. Aasiri Iddamalgoda – Senior Vice President Branch Banking & SME
WhatsApp No – 077 358 0759
Apply
