This SDA Scheme is offered in compliance with the Government Gazette Notification No, 2170/4 of 08th April 2020
CURRENCY, TYPE, TENOR & VALIDITY
SDAs shall be opened and maintained in any designated foreign currency or in SL Lanka Rupees.
Account to be maintained in Fixed Deposits with minimum tenor of 6 months up to 1 year
Funds could be received to a Savings Account or to an existing IIA & Transfer to FD
This offer is valid for Twelve (12) months i.e. from 08 April, 2021 and before 07th April 2022
Interest payable: 1 percentage point and 2 percentage points per annum for SDAs with a tenure of 6 months and 12 months, respectively, payable at maturity of the deposit, above the deposit interest rates applicable for normal deposits of similar maturities by the bank.
Repatriation of Funds: Freely convertible and repatriable outside Sri Lanka on the maturity of the term deposit
ELIGIABLE PERSONS & PROCESS
Sri Lankan individual’s resident in or outside Sri Lanka
Dual Citizens
Citizens of other States with Sri Lankan origin
Non- national’s resident in or outside Sri Lanka
Funds, corporate bodies, associations incorporated/registered outside Sri Lanka
Any other well-wishers
Accounts could be opened at any HBL branch in Sri Lanka upon fulfilling the required procedures, T&Cs