Special Deposit Account (SDA)

Benefits & Features
  • Higher interest rates
    For 6-month deposits – 1% per annum, above the normal rate
    For 12-month deposits – 2% per annum, above the normal rate
  • Repatriation is freely permitted on maturity
  • You can save in a local currency or foreign currency fixed deposit
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 six months period from the date of the regulations in favor of the account holder.
Permitted Debits
  • Outward remittances of maturity proceeds upon maturity of the term deposit.
  • Transfer of maturity proceeds of Special Deposit Accounts 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.
Eligibility
    • Sri Lankan individuals resident in or outside Sri Lanka
    • Dual Citizens
    • Citizens of other States with Sri Lankan origin
    • Non- nationals resident in or outside Sri Lanka
    • Funds, corporate bodies, associations incorporated/registered outside Sri Lanka
    • Any other well-wishers

All terms pertaining to the Special Deposit Account set out above are as per prevailing foreign exchange regulations and may be subject to amendment from time to time. These Special Deposit Account Product Terms are to be read together with our Retail Client Terms.

Terms & Conditions apply

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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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