RFC Accounts in Sri Lanka | Foreign Currency Accounts at LOLC

PFCA Resident Savings Accounts

PFCA Resident Savings Accounts are ideal for citizens of Sri Lanka, who wish to deposit their valuable foreign currency and earn interest in the same currency. This Savings Account ensures attractive interest rates, along with the option to operate in the currency of your choice from US Dollars, Sterling Pounds, Australian Dollars and Euros. You also have the option to open a joint account, provided the minimum balance of US$ 100 or equivalent in other designated currencies per person is maintained.

A choice of designated currencies in which you can maintain your account
Minimum deposit of US$ 100 or equivalent in any other designated foreign currency
A choice between a Savings Account or a Super Savings Account for a higher rate of interest
Permitted credits are inward remittances in foreign currency received in favour of the account holder, funds transfers from PFCA Non resident/PFCA Resident accounts, foreign currency notes received by the account holder subject to declaration of the source and interest payable in foreign currency on funds held in the account

Debits to account are allowed for remittances abroad for current international transactions, transfers from one PFCA account to another irrespective of the bank and the company where the account is maintained and for payments in Sri Lanka in LKR
Interest is calculated on the daily balance and paid monthly

PFCA Resident Fixed Deposits

With a LOLC Finance PFCA Resident Fixed Deposit, be assured of the stability and strength we are widely known for and earn attractive returns on your foreign exchange. Place your fixed deposit in the currency of your choice for the duration that suits your requirements. No matter what your choice is, we at LOLC Finance are always at hand to help you meet your goals.

A choice of designated currencies in which you can maintain your account
Minimum deposit of US$ 1000 or equivalent in any other designated foreign currency

Interest can be collected at maturity

Period	USD		GBP		AUD		EUR
(Months)	Maturity		Maturity		Maturity		Maturity
	Rate	AER	Rate	AER	Rate	AER	Rate	AER
1	6.00%	6.17%	2.00%	2.02%	2.00%	2.02%	2.00%	2.02%
3	6.00%	6.14%	4.50%	4.58%	4.50%	4.58%	4.50%	4.58%
6	5.50%	5.58%	5.00%	5.06%	5.00%	5.06%	5.00%	5.06%
12	5.50%	5.50%	5.50%	5.50%	5.50%	5.50%	5.50%	5.50%