Special Deposit Account for Sri Lankans live, overseas (SDA 2020)

This video explains all the information about the Special Deposit Account(SDA) The Government of Sri Lanka, in consultation with the Monetary Board of the Central Bank of Sri Lanka (CBSL), has introduced a Special Deposit Account (SDA).

The Essentials
Higher interest paid at maturity

Personal & non-personal accounts can be opened.

You can save in the currency of your choice.

Eligible Persons
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



Opening and Maintaining Special Deposit Accounts
Special Deposit Accounts shall be opened and maintained only in the form of Fixed Deposits. SDAs in the form of savings accounts may be opened as operational accounts only for the purpose of receiving funds to be placed in SDAs. SDA Interim Savings Account could not be used for any transactions other than routing SDA funds.

Special Deposit Accounts shall be opened and maintained either in any designated foreign currency or in Sri Lanka Rupees.

Special Deposit Accounts may be held as joint accounts by eligible persons.

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