Non-Resident Foreign Currency Accounts (NRFC)


An NRFC Account can be opened with any of the following currencies-

US Dollar (USD)
British Pound (GBP)
Australian Dollar (AUD)
Japanese Yen (JPY)
Singapore Dollar (SGD)
Canadian Dollar (CAD)
Swiss Franc (CHF)
Norwegian Kroner (NOK)
Swedish Kroner (SEK)
New Zealand Dollar (NZD)

Features

  • A choice of designated currencies in which you can maintain your accounts.
  • Tax exemption on interest from deposits as per current regulations
  • Rupee and FCY loans against your NRFC deposit
  • Sweep facilities to credit Rupee Accounts at compatible exchange rates

Terms & Conditions applied

Convenience

  • Banking convenience through our 24-hour Phone Banking
  • Transfer funds locally, or internationally via the Pay-by-Phone facility
  • Banking by fax (special application required)

Relationship

  • Priority Banking for personalized care
  • Dedicated Relationship Manager just a phone call away

Types of Accounts Available

Savings Accounts

  • Minimum deposit requirement is USD 500 or equivalent in designated currency (Balance fluctuates according to exchange rates).
  • Interest is calculated on the daily balance and paid monthly. Withdrawals are on request.

Fixed Deposit Accounts

  • Minimum deposit requirement is USD 1000 or equivalent in designated currency.
  • Available for periods of 1, 2, 3, 6 and 12 months, for which interest is payable on maturity. Unless specified otherwise, deposits are renewed automatically on maturity at prevailing interest rates.

Requirements to open an NRFC Account

  • The minimum deposit requirement of USD 500 for Savings Accounts, USD 1,000 for Fixed Deposits or its equivalent in designated Foreign Currency.
  • A copy of your passport (Photo page) certified by your existing Banker.
  • Account opening form duly completed and signed.


For more information on Remittances, email us, visit your nearest Standard Chartered Branch or call +94 11 2480 480

Eligibility

Nationals of Sri Lanka who are residents outside Sri Lanka.
Nationals of Sri Lanka who have returned to Sri Lanka from employment of abroad within 90 days of such return.
Non-nationals of Sri Lankan origin, who are residents outside Sri Lanka.
Individuals who maintain NRFC accounts.
Minors resident outside Sri Lanka who are nationals of Sri Lanka or Sri Lankan origins.

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Speaking Up

Standard Chartered Bank (the “Bank”) is committed to maintaining a culture of the highest ethics and integrity, and in compliance with all applicable law, regulation and internal policy. As part of this commitment, the Bank has a ‘Speaking Up’ programme through which genuine concerns in this regard can be raised. Members of the public can securely raise Speaking Up concerns through this hyperlink, which is hosted on behalf of the Bank by a third party ‘InTouch’. Examples of concerns that can be raised through this website are concerns that relate to accounting, internal accounting controls or auditing matters and concerns relating to bribery or banking and financial crime. Concerns received will be forwarded to the Bank’s investigations team for review. Complaints relating to SCB banking services should not be raised through this site in the first instance, but through the SCB branch network, contact centres, Relationship Managers or the ‘Contact Us’ webpage.

Disclaimer

Please note that this hyperlink will bring to you to another website on the Internet, which is operated by InTouch, an independent company appointed by the Bank to support its Speaking Up programme. Please be mindful that when you click on the link and open a new window in your browser, you will be subject to the additional terms of use of the website that you are going to visit.

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