NRFC Savings Accounts

Ideal for Sri Lankans working abroad, NRFC Savings Accounts enables you to save your hard-earned money as well as earn interest in the same foreign currency. Accounts can be opened in US Dollars, Sterling Pounds, Australian Dollars and Euros. As the only non-banking institution in Sri Lanka to have joined the SWIFT network, we ensure that your remittances reach your loved ones back home through our partnered exchange houses such as Xpress Money, Valutrans and Money Exchange Spain.

NRFC accounts are ideal for Sri Lankan Nationals or Non-Nationals who had at any time been a Sri Lankan national, while resident abroad or within 90 days of return to Sri Lanka after employment abroad. These accounts may be held jointly, provided all account holders are eligible to open NRFC accounts.

Features at a glance :

  • A choice of designated currencies in which you can maintain your account 
  • A choice between a Savings Account or a Super Savings Account for a higher rate of interest
  • Minimum deposit of US$ 100 or equivalent in any other designated foreign currency
  • Joint account facility, provided the minimum balance of US$ 100 or equivalent in other designated currencies per person is maintained
  • Tax exemption on interest from deposits or transfers
  • Maintain funds in any foreign currency approved by the Central Bank of Sri Lanka and convert to rupees as and when you wish 
  • Interest is calculated on the daily balance and paid monthly
  • Free ATM card, which can be used at any Commercial Bank ATM centre
  • Maestro international debit card for a nominal free
  • Xpress Direct Card to send your hard-earned money to Sri Lanka through partnered exchange houses
  • Range of added benefits for your family and children
  • Wide reach with 59 service centres and 500+ Commercial Bank ATM centres
  • Permitted credits are inward remittances in foreign currency, foreign currency notes brought into the country by the account holder or fund transfers from another NRFC account and interest payable in foreign currency on funds held in the account
  • Debits are freely allowed whether for remittances abroad for current international transactions, transfers to another NRFC/RFC account and for payments in Sri Lanka in LKR

NRFC Fixed Deposits

Our comprehensive offerings for foreign currency business includes NRFC Fixed Deposits, allowing you to take advantage of attractive interest rates while having the assurance of LOLC Finance's financial strength and global expertise on foreign currency business. Deposit your hard-earned foreign currency at any one of our branches, and enjoy a host of benefits desinged for your entire family. 

Features at a glance :

  • A choice of designated currencies in which you can maintain your account 
  • Minimum deposit of US$ 100 or equivalent in any other designated foreign currency
  • Tax exemption on interest from deposits 
  • Wide reach with 50+ service centres
  • Interest payable can be remitted to your NRFC Savings Account - which will give you access to a host of special benefits
  • Interest can be remitted to other accounts in any bank or financial instituition without any incurring cost 
  • Interest can be collected at maturity (1 year)

CONTACT
General Enquiries:
Phone : +94 11 588 0880
Fax : +94 11 286 5606
Email : lofin@lankaorix.com
Address : 100/1, Sri Jayawardenapura Mawatha, Rajagiriya, Sri Lanka.