Emigrant Transaction Rupee Account (ETRA)

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Rupee Account

NRBA and MBA accounts have been re-designated as Emigrant Transaction Rupee Accounts (ETRA).

The Emigrant Transaction Rupee Account (ETRA)enables the eligible Sri Lankans & Non-nationals to perform capital transactions. ETRA requires a registration number from the Central Bank of Sri Lanka prior opening & transacting. Eligible clients can maintain only one ETRA in the Banking sector.

ETRA Foreign Currency Accounts Key Features & Benefits

Open and operate an LKR account while residing overseas.
Emigrants can obtain migration allowance as per Central Bank regulations.
Facilitate capital transactions as per permitted debits & credits.
Deposit sale proceeds of local assets, including inherited property.
Make payments within Sri Lanka in LKR.
Different account types available, including Savings, Current (without cheque facility), and Term Deposits.

Eligibility

This account is available to:

An emigrant, resident in or outside Sri Lanka.
A Non-National resident in or outside Sri Lanka including minors of such person.
An individual Sri Lankan resident in or outside Sri Lanka who has obtained Temporary Resident visa in another country, aged 18 years or above.
An individual Sri Lankan resident in Sri Lanka who is a prospective migrant under the parent migration scheme.
An administrator or executor of the estate of a deceased person who was an emigrant.

Permitted Transactions

Permitted Credits (Indicative)

Foreign exchange remittances received from overseas.
Interest earned on funds held in the account.
Local credits (capital transactions).
Sale proceeds of local assets (for foreign nationals and Sri Lankans residing abroad).
Proceeds of loans and advances obtained under permitted regulations.

Permitted Debits (Indicative)

Transfer of initial migration allowance as per the limits set by CBSL.
Annual allowance of USD 30,000 for emigrants, in addition to the migration allowance.
Annual remittance of USD 30,000 for foreign nationals for capital transactions.
Local payments in Sri Lankan Rupees.

Types of Accounts Available

Account Type	Features
Savings Account	Suitable for day-to-day transactions and remittances.
Current Account (Without Cheque Facility)	Allows easy local transactions without cheque-writing privileges.
Term Deposit	Enables capital preservation with competitive interest rates.

How to Apply

Visit a DFCC Bank branch – Locate the nearest branch
Call our hotline – 011 235 0000

Frequently Asked Questions (FAQs)

Who is eligible to open a Emigrant Transaction Rupee Account (ETRA)?
An emigrant residing in or outside Sri Lanka, dual citizens, foreign nationals, Individual Sri Lankans who has obtained TR or prospective migrants under Parent Migration scheme can open this account.
Can I deposit foreign currency into an ETRA?
No, this account only accepts LKR deposits, but foreign exchange remittances (sent for local disbursements) are converted to LKR upon credit.
What is the migration allowance limit?
Sri Lankan emigrants can transfer up to USD 100,000 as an initial migration allowance, plus USD 30,000 per annum after lapse of 12 months of utilizing the initial migration allowance.
Can I use this account for local payments?
Yes, you can make payments within Sri Lanka in Sri Lankan Rupees (LKR).
Is cheque issuance allowed on an ETRA?
No, cheque issuance is not available for this account.

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