Embassy of Sri Lanka Washington D.C.

 The Government of Sri Lanka has introduced a new bank account termed Special Deposit Account (SDA) for all Sri Lankans living in and outside the country to remit their foreign currency earnings, savings and investments to any bank of their choice in Sri Lanka. It is in the form of Term Deposits either in any designated foreign currency or in Sri Lanka Rupees.
 
Any Sri Lankan individual resident in or outside Sri Lanka as well as dual citizens, citizens of other States with Sri Lankan origin, non-nationals residents in or outside Sri Lanka, Funds, corporate bodies, associations incorporated/registered outside Sri Lanka and any other well-wishers can open Special Deposit Accounts at any Sri Lankan bank of their preference.
 
While there is no prescribed minimum amount to be deposited, the minimum period of maturity is six (06) months. Higher interest rates than the normal rates offered to foreign currency deposits will be offered at maturity. Accordingly, 1 percent and 2 percent points per annum for SDA with a tenure of 6 months and 12 months respectively will be paid. Funds are freely convertible and repatriable outside Sri Lanka on maturity.
 
Please see the following two attachments containing information on SDA:
 
1.      Press Release issued by the President’s Media Division on 11^th April 2020.
2.      Relevant Government Notifications
 
The Sri Lankan Embassy in Washington D.C. invites fellow Sri Lankans living in the United States of America and other foreign nationals to invest in SDAs, while expressing their solidarity with the people of Sri Lanka, during this challenging environment.
  
For inquiries, please contact:
 

1. Mr. Sarath Dissanayake       
    Deputy Chief of Mission                                                    
    Mobile: 202 816 9666                                                      
    Email:dcm@slembassyusa.org
 
2. Mr. Niranga Palipana           
    Second Secretary                                                    
    Mobile: 202 579 4729                                                      
    Email: niranga@slembassyusa.org
 
3. Mrs. Aruni Warnakula         
    Accounts Officer                                            
    Mobile: 202 288 8546                                            
    Email: accounts@slembassyusa.org

Embassy of Sri Lanka
Washington D.C.