Benefits & Features

money change transfer limit 01

  • CTRAs can be opened and maintained in the form of current, saving or time deposit accounts in Sri Lanka Rupees
  • A cheque book shall not be issued against a CTRA current account
  • For releasing of migration allowance the customer should obtain approval of the Director-Department of Foreign Exchange when opening
  • A minor, who is an eligible person may open CTRA (Migrant Transfers). However, he/she is eligible for migrant transfers only after reaching the age of 18 years
  • CTRAs may be held as sole or jointly with another eligible person other than CTRA Migrant Transfers
  • Accounts cannot be opened and maintained CTRAs jointly with a Sri Lankan National resident outside Sri Lanka and Sri Lankan National resident in Sri Lanka

Eligibility

  • An individual Sri Lankan, permanently residing outside Sri Lanka
  • A Sri Lankan dual-citizen
  • A foreign national of Sri Lankan origin
  • A Non- National resident outside Sri Lanka
  • A Sri Lankan National resident outside Sri Lanka
  • Firms and companies registered outside Sri Lanka

Eligibility criteria pertaining to the Accounts set out below are as per prevailing foreign exchange regulations and may be subject to amendment from time to time.

Capital Transactions Rupee Account (CTRA) Capital Transactions Rupee Account (CTRA)

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