Capital

Transaction

Rupee Account

NRRA, NRBA and MBA accounts have been re-designated as Capital Transaction Rupee Accounts (CTRAs).

The Capital Transaction Rupee Account (CTRA) is one of the special types of foreign currency accounts in Sri Lanka that enables individuals and businesses residing outside Sri Lanka to open and operate an LKR account for capital transactions. These foreign currency accounts are structured to facilitate inward remittances, investments, and disbursements in Sri Lankan Rupees, providing a seamless banking experience for non-resident Sri Lankans and foreign entities.

CTRA Foreign Currency Accounts Key Features & Benefits

Open and operate an LKR account while residing overseas.
Emigrants can obtain migration allowance as per Central Bank regulations.
Facilitates capital transactions such as remittances and local disbursements.
Deposit sale proceeds of local assets, including inherited property.
Make payments within Sri Lanka in LKR.
Different account types available, including Savings, Current (without cheque facility), and Term Deposits.

Eligibility

This account is available to:

An emigrant, resident in or outside Sri Lanka.
A Non-National resident in or outside Sri Lanka including minors of such person.
An individual Sri Lankan resident in or outside Sri Lanka who has obtained Temporary Resident visa in another country, aged 18 years or above.
An individual Sri Lankan resident in Sri Lanka who is a prospective migrant under the parent migration scheme.
An administrator or executor of the estate of a deceased person who was an emigrant.

Permitted Transactions

Permitted Credits (Indicative)

Foreign exchange remittances received from overseas.
Interest earned on funds held in the account.
Local credits (excluding capital transactions).
Sale proceeds of local assets (for foreign nationals and Sri Lankans residing abroad).
Proceeds of loans and advances obtained under permitted regulations.

Permitted Debits (Indicative)

Migration allowance of up to USD 200,000 per emigrant.
Annual allowance of USD 30,000 for emigrants, in addition to the migration allowance.
Annual remittance of USD 30,000 for foreign nationals for capital transactions.
Local payments in Sri Lankan Rupees.
Transfers to overseas accounts for eligible emigrants.

Frequently Asked Questions (FAQs)

1. Who is eligible to open a Capital Transaction Rupee Account (CTRA)?

Sri Lankans residing overseas, dual citizens, foreign nationals, and overseas firms can open this account.

2. Can I deposit foreign currency into a CTRA?

No, this account only accepts LKR deposits, but foreign exchange remittances are converted to LKR upon credit.

3. What is the migration allowance limit?

Sri Lankan emigrants can transfer up to USD 200,000 as a migration allowance, plus USD 30,000 per annum thereafter.

4. Can I use this account for local payments?

Yes, you can make payments within Sri Lanka in Sri Lankan Rupees (LKR).

5. Is cheque issuance allowed on a CTRA?

No, cheque issuance is not available for this account.

How to Apply

Visit a DFCC Bank branch – Locate the nearest branch
Call our hotline – 011 235 0000

Downloads

Terms & Conditions

Types of Accounts Available

Account Type	Features
Savings Account	Suitable for day-to-day transactions and remittances.
Current Account (Without Cheque Facility)	Allows easy local transactions without cheque-writing privileges.
Term Deposit	Enables capital preservation with competitive interest rates.

Inquiry Now

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One of our team members will reply within one business day. If inquiry is made during
non-banking hours, our team member will get in touch on the next working day.

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Capital

Transaction