Personal

Foreign Currency

Accounts (PFCA)

NRFC/RFC/RNNFC/NRNNFC/FCAIPSE – Employee accounts have been re-designated as PFCA.

Personal Foreign Currency Accounts (PFCA)

Personal Foreign Currency Accounts (PFCA)

The Personal Foreign Currency Account in Sri Lanka (PFCA) allows individuals to safeguard and grow their foreign currency earnings while enjoying attractive interest rates. This is one of the types of foreign currency accounts in Sri Lanka that can help individuals to invest, save, and manage their FCY funds efficiently.

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  • Earn interest in foreign currency with attractive rates.

  • Hold and transact in multiple foreign currencies, including USD, GBP, EUR, JPY, and more.

  • Access funds 24/7 via DFCC ONE & Online Banking and Visa ATMs worldwide.

  • Foreign currency withdrawals up to USD 5,000 (or equivalent) for travel.

  • Easy fund transfers between PFCA, BFCA, and Offshore Banking accounts subject to regulations.

  • Enjoy debit and credit card facilities for transactions in foreign currency.

  • Special interest rates for PFCA fixed deposits.

PFCA accounts can be opened by:

  • Sri Lankan nationals, including minors.

  • Individuals of Sri Lankan origin residing overseas.

  • Non-nationals residing in Sri Lanka, including minors.

  • Non-nationals on temporary visits to Sri Lanka.

  • Executors or administrators of a deceased estate, where the deceased held a PFCA.

Transaction Type

Details

Permitted Credits

- Inward remittances from abroad.
- Deposits of foreign currency brought into Sri Lanka, with proper declarations.
- Transfers from PFCA, BFCA, and Offshore Banking Accounts (subject to regulations).
- Transfers from an Inward Investment Account (IIA) if the account holder is a resident outside Sri Lanka or a non-national resident in Sri Lanka.
- Salary and employment benefits for non-national employees residing in Sri Lanka.

Permitted Debits

- Outward remittances, as allowed by regulations.
- Local disbursements in Sri Lanka.
- Transfers to PFCA, BFCA, and Offshore Banking accounts.
- Transfers to an Inward Investment Account (IIA) for non-residents.
- Foreign currency withdrawals up to USD 5,000 (or equivalent) for travel purposes.
- Foreign currency withdrawals for non-residents on a temporary visit to Sri Lanka.

Account Type

Features

Savings Account

Secure and flexible way to hold and grow foreign currency earnings.

Current Account (Without Cheque Facility)

Enables seamless transactions and fund management.

Term Deposits

Earn higher returns with special interest rates on PFCA fixed deposits.

  • Complete the application form

  • Gather all required documents (Valid ID, Proof of Residence, Proof of Source of Funds (if applicable))

  • Visit any DFCC Bank Branch

1. Who can open a PFCA?

Any Sri Lankan national, non-national resident, or individual of Sri Lankan origin residing overseas is eligible to open a PFCA.

2. What currencies can I hold in my PFCA?

PFCA accounts can be maintained in USD, GBP, EUR, JPY, and other designated foreign currencies.

3. Can I withdraw foreign currency from my PFCA?

Yes, foreign currency withdrawals up to USD 5,000 (or equivalent) for travel are permitted.

4. Can I transfer funds from my PFCA to other foreign currency accounts?

Yes, funds can be transferred between PFCA, BFCA, Offshore Banking Accounts, and Inward Investment Accounts (IIA), subject to regulations.

5. What are the benefits of PFCA term deposits?

PFCA term deposits offer higher interest rates, allowing you to grow your foreign currency savings.

  • PFCA Account Opening Form

  • Terms & Conditions

Interested to Know more
Submit your inquiry now

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.

Your privacy is important to us. Please do not include account numbers or other confidential information.

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