Products/Services Description of the Financial and other benefits
Products/Services to customers including any commission,
incentives and promotions
Ordinary Savings Ordinary Savings Account All Savings Account holders
Account can opened on behalf of are entitled to;
Individuals / Special
An ATM Shopping Card or
funds / Social
Organizations / Bank Platinum Card with Master
Guarantees / Legal Card / Visa Card facility.
Compensations and or as Standing Order facility
Joint accounts with a
minimum deposit of Loans up to 80% of the
Rs.100/- savings balance
Account holders can enjoy
doorstep banking experience
Postal Savings Accounts with POS, SMS Banking and
can be operated through
Internet Banking facility
Post Offices and Sub-Post
Offices island wide. Interest rate is daily
calculated and monthly
credited.
Can deposit, withdraw and
update from any branch.
Internet banking and SMS
banking facility free of
charge.
Nomination facility.
Fees/charges, Procedures to be followed to Major terms and
obtain the product/service conditions
interest etc.,
charged from
customers
Please refer table Dully filled and signed Mandate
of Fees & service – Form SA/01
charges
Identification Document along
with a photocopy (NIC / Passport
/ Driving License)
Mandatory KYC Form Cash
deposit slip
Proof of address- in the address
differs from the: NIC, Valid
passport, driving license , letter
from a public authority, income
tax receipt, employment
contract, statement of other
banks, tenancy agreement,
Grama Niladari certificate ,
utility bills
(electricity/water/fixed
telephone line bill which issued
not earlier than immediate
preceding 03 months)
Hapan Children’s The children aged 7 – 16 Account holders are offered Please refer table Dully filled and signed Mandate Entitled for 1%
Savings Account can operate the account 1% additional interest than of Fees & service – Form SA/01 more interest than
by themselves while the the ordinary savings. charges the Ordinary
parent / guardian can Identification Document along Savings (5%)
open and operate the The account holders who with a photocopy (NIC / Passport
account on behalf of the maintain a minimum balance / Driving License) After the account
children below age of 7 of Rs.3000/- are also eligible holder turns 16
for “Hapan Scholarship Mandatory KYC Form years old, the
years.
Awards”. Mandatory KYC form account is
Withdrawals – an converted to
Annual free scholarship Cash deposit slip
application for the Ithuru Mithuru
withdrawals by a minor seminar for grade five Savings Account.
students in both Sinhala and The birth certificate of the child
who has not completed
16 years shall be made at Tamil mediums. Minimum deposit
Proof of address- in the address
least 07 days prior to to earn interest –
Interest is daily calculated differs from the: NIC, Valid
such withdrawal. Rs.100/-
and credited monthly passport, driving license , letter
from a public authority, income Accounts opened
Identification document Can deposit, withdraw and tax receipt, employment with large deposits
should be photocopy of update from any branch. contract, statement of other are opened by the
NIC/Passport/Driving
At the age of 16 account will banks, tenancy agreement, parents or
License of the Parent or
be converted to a “Ithuru Grama Niladari certificate , guardian on behalf
the guardian.
Mithuru” account utility bills of the minor
Thepal Hapan Savings automatically. (electricity/water/fixed The special rate of
Accounts can be
telephone line bill which issued interest applicable
operated through Post
not earlier than immediate only till the
Offices and Sub-Post
preceding 03 months) account holder
Offices island wide.
reaches (16) years.
Ithuru Mithuru Young people between Ithuru Mithuru Savings
Savings Account – 20 – 30 years of age can Account holders are entitled
(NSB I’m) open an account can to an additional interest of
maintain the account 0.5% than the ordinary
until the age of 35 savings.
An ATM Shopping Card or
Platinum Card with Master
Card / Visa Card facility
Standing order facility
Loans up to 80% of the
savings balance
POS / SMS and Internet
Banking facility
Interest is daily calculated
and monthly credited
Can deposit, withdraw and
update from any branch
Nomination facility
Sthree Savings Sthree Savings Account is Account holders are entitled
Account exclusively designed for to NSB Shopping Card with
ladies over 16 years of Master / Visa Card facility.
age.
Eligibility to receive special
Sthree Thepal Savings interest concessions on Ran
Accounts can be Sahan Pawning Facility,
operated through Post Diriya Loan Scheme and Eco
Offices and Sub-Post Loan, where you will be
Please refer table Dully filled and signed Mandate Once the account
of Fees & service – Form SA/01 holder turns 35
charges years old, the
Identification Document along account is
with a photocopy (NIC / Passport automatically
/ Driving License) converted to an
Ordinary Savings
Mandatory KYC Form
Account.
Cash deposit slip
Minimum opening
Proof of address – In case the balance Rs.1000/-
address differs from the
identification document; NIC, Minimum deposit
valid passport, driving license, to earn interest
letter from a public authority, Rs.1000/-.
income tax receipt, employment
contract, statement of other
banks, tenancy agreement,
Grama Niladari certificate, utility
bills.(electricity/water/ fixed
telephone line bill which are
issued not earlier than
immediate preceding 03
months) should be provided.
Please refer table Dully filled and signed Mandate Minimum opening
of Fees & service – Form SA/01 balance – Rs.500/-
charges
Identification Document along Interest rate is 4%
with a photocopy (NIC / Passport per annum
/ Driving License)
Minimum deposit
Mandatory KYC Form to earn interest
Rs.500/-
Cash deposit slip
 Offices island wide. entitled to 1% less than the Proof of address – In case the
prevailing interest rate. address differs from the
identification document; NIC,
Cash prize of Rs. 10,000/- on valid passport, driving license,
the wedding day and on letter from a public authority,
25th anniversary. income tax receipt, employment
Prarthana Savings Certificate contract, statement of other
with a face value of banks, tenancy agreement,
Rs.50,000/-.upon a child Grama Niladari certificate, utility
birth. bills.(electricity/water/ fixed
telephone line bill which are
Rs. 1500 cash prize on issued not earlier than
Graduation immediate preceding 03
months) should be provided.

Pas Avurudu Any person aged above 1. The account can be 1. Issuing a 1. Dully filled and signed 1. Minium
Savings Account 16years can open and opened by a monthly Duplicate Pass Mandate – Form SA /01 opening
operate a Pas Aurudu deposit of Rs:100/= Book for Lost/ balance
2. Identification Document along
Savings Account and a Rs:200/= Damaged Pass Rs:100/=
higher rate of interest Rs:300/= Book- Rs:150/= with a photocopy (NIC / Passport 2. Minium
will be offered for Rs:400/= / Driving License) deposed to
2. Providing
higher amount of Rs:500/= and 3. Proof of address- In case the earn interest
deposit. No withdrawals Rs:1,000/= or transaction print – is Rs:100/=
outs of statement address differs from the
are allowed until five denominations of identification document; NIC, 3. This amount
years. Rs:1,000/= and the over 06 months – could be
Rs:100/= each valid passport, driving license,
duration of the account letter from a public authority, deposited on
will be 5 years (60 3. Issuing a Letter income tax receipt , employment any convenient
months). of Balance contract ,statement of other day
confirmation – banks, tenancy agreement ,
2. Accounts can be Rs:100/= Grama Niladari certificate ,
maintained; utility bills.(electricity / water /
a. Individual 4. Standing Order – fixed telephone line bill which
b. Joint Installments are issued not earlier than
c. Minor transfers to other
3. Account cannot be institutions immediate preceding 03
opened as months)should be provided.
Institutional,Courts,Secu a. Registration –
rity or Trust Rs:100/= 4. Letter of Agreement by “Pas
4. Interest will be credited Avurudu Ithurum” account
b. Processing (other holders.
to the account quarterly Institutions)Rs:50/=
and calculated daily each 5. Mandatory KYC Form
5. Nomination facility 5. Service Charges 6. Cash Deposit Slip
for Loans Against
Deposit (Savings /
FD Rs:200/=)

6. Closing of
Savings Accounts
within 06 months-
Rs:100/=

7. Power of
attorney

Registration /
Cancellation –
Rs:250/=

8. Change of
Nomination
Rs:250/=

9. ATM
Withdrawals ;

a. Rs:5/= from NSB

ATM

b. Rs:50/= from
 Other Bank ATMs

c. Rs:250/= from
Foreign ATMs

Postal Savings Transactions pertaining For all postal banking Please refer table Dully filled and signed Mandate Accedes to
Account to pass books issued at products except the “Smile of Fees & service – Form SA/01 requests made by
post offices Savings Account”, interest is charges account holder
calculated yearly. Identification Document along possessing Pass
1. Ordinary Savings with a photocopy (NIC / Passport Books issued at
The interest on “Smile / Driving License) Post offices to
2. Hapan Savings Accounts” is
Mandatory KYC Form withdraw monies
3. Sthree Thepal calculated monthly and up to;
credited quarterly Cash deposit slip
4. Thepal Ithurum Sub Post Office –
Proof of address- in the address Rs.15,000/
5. Smile Savings differs from the: NIC, Valid
6. Avurudu Vasana passport, driving license , letter Control Post Office
from a public authority, income – Rs.25,000/
7. National Savings tax receipt, employment Control Post Office
Certificates contract, statement of other – Super Grade
banks, tenancy agreement, Rs.40,000/-
Grama Niladari certificate ,
utility bills ( Reasonable
electricity/water/fixed excesses over this
telephone line bill which issued limit may be
not earlier than immediate considered if
preceding 03 months) approved by
Divisional
Superintendent of
Post approval
Fixed Deposit Fixed Deposits can be The account holder can
opened as individual / obtain loans against deposits
joint accounts / special up to 90% of the deposit
funds and also on behalf value depending on the
of social organizations. maturity period and whether
the interest of the FD is
Any citizen over 16 years credited to the loan account
of age can open a Fixed at the time of maturity.
Deposit Account at NSB
while minors below 16 It allows a revolving credit
years of age can open a facility of 90% against the
Fixed Deposits Account in fixed deposits and NSB Easy
care of their parents / Card can be obtained (Visa
guardians. Card / Master Card enable)
The account holders can While the minimum opening
open Fixed Deposit amount of the annual
Accounts for 3, 6, 12, 24 interest earning Fixed
months, yielding an Deposit is Rs.1,000/-, the
annual, bi-annual or minimum opening balance
monthly interest. for the monthly interest
earning Fixed Deposit
Rs.25,000/-
Please refer table Mandate – (Form No. FD/01 for A fixed rate of
of Fees & service Individuals and Joint: for minorsinterest on
charges Form No. FD/03) maturity or on a
monthly payment
Identification Document along basis is applicable
with a photocopy (NIC / Passport and Interest should
/ Driving License) be calculated for
each completed
Mandatory KYC Form
month from the
Cash deposit slip date of deposit.
Proof of address- in the address In Maturity
differs from the: NIC, Valid deposits Interest
passport, driving license , letter could be
from a public authority, income withdrawn after
tax receipt, employment maturing or
contract, statement of other accumulate to the
banks, tenancy agreement, capital or credited
Grama Niladari certificate , to any other party
utility bills ( nominated by the
electricity/water/fixed account holder/s.
telephone line bill which issued
not earlier than immediate
preceding 03 months)

Fixed Deposit Withholding Tax Declaration The period,

Form for other types of FD’ minimum and
(Business /Clubs /Societies maximum amounts
/Courts/Organization /etc.) and the rates of
interest are
determined by the
Management,
based on the
prevailing market
rates of interest
and Regulations.

Interest on FD’s
will be quoted on
the date of deposit
/ renewal based on
market rates.

If the customer is
unable to renew /
change or
withdraw the FD
certificate
subsequent to the
date of maturity,

No interest will be
paid if;

36 & 60 months
Triple A FD
withdraw before
completing 01
month.

06, 12 & 24
months FD
withdraw before
completing 03
months

03 months FD
withdraw before
competing 01
 month

But if they renew

the FD above
conditions are
irrelevant and
renew either
automatically or by
the instructions of
the customer

Fixed Deposit After payment of

interest on
maturity, the Bank
is not bound to pay
further interest, if
the deposit is
overdue. Subject
to above 4 & 5
conditions.
FD Certificate
A Fixed Deposit
Certificate is not a
negotiable
instrument.
Premature
Withdrawals
If the customer is
willing to withdraw
before the agreed
tenure;

No interest will be
paid if;
36 & 60 months
Triple A FD
withdraw before
completing 01
month.

06, 12 & 24
months FD
withdraw before
completing 03
months

03 months FD
withdraw before
competing 01
month

In the case of
premature
withdrawals from
Gaurawa Accounts
and Pensions’
Accounts the rate
of interest will be
the rate applicable
to normal 12
months FD

A renewal notice
will not be given to
a third party.
Gaurawa Fixed Senior citizens over 55 In additionally, Special
Deposit years of age can open benefits to you as Gaurawa
Gaurawa Fixed Deposit Account holders include;
monthly or Maturity. The
interest is 0.5% higher “Service through
than the prevailing rate special counters” where you
of normal Maturity and will receive the assistance of
Monthly FD rates. Bank Officers when filling up
forms etc…
In case of disabled
customers, arrangements
will be make to provide
them with banking services
at their residence. This
service will be provided
twice a month for the needy
customers who reside within
a radius of 15 km from the
Branch
The minimum deposit
amount required is
Rs.25,000/- and the
maximum limit in an account
is Rs.20 Million.
The account holder can
obtain loans against deposits
up to 90% of the deposit
value.
Please refer table Mandate – (Form No. FD/01 for In the case of a
of Fees & service Individuals and Joint: for minors premature
charges Form No. FD/03) withdrawal
applicable
Identification Document along interest rates
with a photocopy (NIC / are; before
Passport / Driving License) completing 1
month – no
Proof of address – In case the
address differs from the interest, after
identification document; NIC, completing 3
valid passport, driving license, months 4%.
letter from a public authority,
income tax receipt,
employment contract,
statement of other banks,
tenancy agreement, Grama
Niladari certificate, utility
bills.(electricity/water/ fixed
telephone line bill which are
issued not earlier than
immediate preceding 03
months) should be provided.
Mandatory KYC Form
Cash Deposit Slip
Special 15% Fixed All resident Sri Lankan In addition to that, Special
Deposit for Senior citizens above 60 years of benefits to you as Gaurawa
Citizens age can open this fixed Account holders include;
deposit.
“Service through special
counters” where you will
receive the assistance of
Bank Officers when filling up
forms etc…
In the case of disabled
customers, arrangements
will be make to provide
them with banking services
at their residence. This
service will be provided
twice a month for the needy
customers who reside within
a radius of 15 km from the
Branch
Please refer table Mandate – (Form No. FD/01 for The maximum
of Fee & service Individuals and Joint: for minors deposit is
charges Form No. FD/03) Rs.1,500,000/-
Identification Document along Senior citizens over
with a photocopy (NIC / 60 years of age
Passport / Driving License) who maintain fixed
deposits in all
Proof of address – In case the banks with an
address differs from the aggregate balance
identification document; NIC,
not exceeding
valid passport, driving license, Rs.1.5 million as at
letter from a public authority, 01.03.2017
income tax receipt,
employment contract, If the deposit has
statement of other banks, been renewing
tenancy agreement, Grama automatically, the
Niladari certificate, utility balance as at the
bills.(electricity/water/ fixed last maturity date
telephone line bill which are should be
issued not earlier than considered as the
immediate preceding 03 initial balance of
months) should be provided. the new account
Mandatory KYC Form Loans will not be
granted against
Cash Deposit Slip this deposit.
Any form of penal
interest should not
be charged when
closing any Fixed
Deposit Account.
Prarthana Prarthana Children’s Attractive interest rates Please refer table The Certificates are available in On maturity of a
Children’s Savings Savings Certificate is a which will be paid upfront; of Fees & service the maturity values of ; Certificate if it is
Certificate long term deposit paid on the date of purchase charges maintained for a
scheme for kids and the • Rs.5,000/- further period of
Certificate will mature NSB gives you an assurance time interest
that the face value of the • Rs.10,000/-
when the account holder should be
reaches 16 years of age. Certificate will not be • Rs.25,000/- computed at the
affected by any adverse rate applicable to
fluctuations of interest rates. • Rs.50,000/- and
the 12 Month
• Rs.100,000/- Fixed Deposit
account.

The Certificates
cannot be
transferred and
cannot be
negotiated.

On maturity of
Certificates, the
face value could be
paid to the holder
after satisfying to
the identity of the
holder of the
Certificate by the
Bank.
National Savings These certificates pay a
Certificate high interest upfront and
are available in various
denominations for period
from 3 months to 4 years
Gift Token This is the easiest and the
best way to give gifts
Gift Tokens are available
in various denominations
and are easy to purchase
and earn cash whenever
needed
Attractive interest rates
which will be paid upfront;
paid on the date of purchase
NSB gives you an assurance
that the face value of the
Certificate will not be
affected by any adverse
fluctuations of interest rates.
The accrued interest from
the date of purchase and
you can deposit Gift Tokens
in any savings account
NSB Gift Tokens are available
in a range of values from
Rs.100/- to Rs.2,500/- at any
NSB Branch.
Please refer table Persons over 16 years of age –
of Fees & service In their own names or jointly
charges with others or on behalf of
another person.
Minors over 7 years of age and
below 16 years of age jointly
with a parent / guardian.
Cash Deposit Slip Interest rate of
4%p.a. daily
calculated
since the date
of purchase
Products Description of the Financial & Other Fees / Charges, Commission, Procedures to Major Terms A Common
/Services Products/ Services Benefits to Customers Interest etc.. Charged from be Followed to & Conditions Complaint
Including any Customers obtain the Procedures
Incentive & Products / for
Promotions Services Customers
NSB RANMASU
Accounts in designated Foreign Currencies
(ie.USD/EUR/GBP/AUD/JPY ..)
PFCA Personal Foreign PFCA/ BFCA/ IIA Withdrawals Required PFCA/ BFCA/ IIA Mode of
[NR]/ [R] Currency Account - Documents Communicati
Non Resident/ -Online FC A/c Opening a)Outward Telegraphic Transfer -May be opened on:
Resident Request Facility Charges (To other Local or Forms jointly with
Foreign Banks) -F/C A/c Opening another eligible Over the
-Could be opened by -Interest earned on Form individuals-NR/ phone-
following categories deposit at attractive & 20/ units of A/c currency type in (Savings/ Fixed R either minor 94 (11)
of eligible persons competitive rates in line USD/EUR/GBP/AUD/ or for JPY Deposit) or adult without 2332043 94
earning or receiving with market A/cs,USD equivalent a)Individual requirement for (11) 2375256
income in foreign b)Institutional foreign
currencies based on -Facility to apply for b)Foreign Currency Draft Charges -Fax/ Email exchange
the residential status; Retail Credit Facilities for Indemnity form income based By email-
Non Resident or Sri Lankans (ie. Housing/ USD10/, EUR8/,GBP8/,AUD10/ -KYC Annexes on NR/ R status manager.ibu
Resident. Auto Loan/ Personal etc. (I/II/III) of the joint @nsb.lk
(a)An individual ) except for IIA Ac c)Sri Lanka Rupee Draft Charges holder.
including a minor holders Other By mail-
who is a Sri Lankan Rs 500/ -Copy of the bio PFCA Specific The Manager
National. -Commission free inward page of Valid International
(b)An individual of Sri remittance service d)Charges-LKR/FC Fund Transfers Passport PFCA Savings Division
Lankan origin (Draft deposits are from FC Ac's -Visa Particulars -PFCA [NR] - National
including a minor subject to a nominal fee.) -Dual Citizenship Min deposit Savings Bank
who is a resident To NSB LKR a/c s-no charge details USD & EUR 25/, 70-1/1,
outside Sri Lanka. -Issuance of Foreign -Employment GBP 25/, AUD Chatham
(c)A Non-national Currency Notes- e)Charges-LKR fund Transfers details 25/ or JPY3000/ Street
resident in Sri Lanka. Commission free from FC Ac's -NIC / Driving Col-01
(d)A Non-national License -PFCA [R] - Min
either on temporary -Fund Transfer/ Standing To other banks LKR a/cs - Rs500/ deposit USD &
visit to Sri Lanka or Order Facility to # As applicable, EUR 100/
 intending to visit Sri NSB/third party bank Deposits additional GBP275/,
Lanka. local or foreign- with no documentary AUD150/ or
(e)An administrator commission to NSB A/cs a)Charges-Foreign Currency proof that may be JPY12000/
or executor of the Denominated Drafts issued by required under
estate of a deceased -Issuance of Balance Banks (Overseas/Local) Collected rules & PFCA Fixed
person, who Confirmation Letters at a for FCY A/cs regulations on Deposits
maintained a nominal charge -No charge for amounts less than Foreign Exchange -Min deposit
personal foreign 100 Units to engage in 500/- Units in
currency account -Transaction Notices -For above 100 units of businesses with USD/AUD/EUR/
(PFCA- NR/ R) with (Mail) Facility USD/EUR/GBP/AUD or USD foreign currency GBP
the Bank until the equivalent for Other Designated income. 60000 Units in
completion of the -e-Statement Facility for Foreign Currencies:- JPY
administration of the Transactions 1 Unit of USD/EUR/GBP/AUD or # Special Ac
deceased person’s USD equivalent Opening Form and
estate. -Bi-Annual Statement of Terms &
A/c Facility Condition shall be
-Facilitate Foreign Other utilized for
Exchange deposits in -Internet Banking-Inquiry Pension +
Designated Foreign Facility -Account Closing Charges for Accounts.
Currencies and Savings - 5 units in
withdrawal of funds -Nomination Facility - USD/GBP/EUR/AUD /JPY Submission of
as follows. Commission Free Documents
-Issuance of Balance ..........................
……………….................. -Power of Attorney Confirmation - Rs 250/ -Walk in to Branch ..........................
………………..... ................................ Registration - / International .......................
BFCA Business Foreign Commission Free -Charges for Loans against Division of the BFCA Specific
Currency Account Foreign Currency deposits Bank or Foreign
......................................... Bureau counter of -Non
-Could be opened by ......................... a)Service Charge-Rs.200/ the Bank Governmental
Residents in Sri Lanka b)An addition of 1.00% per year -Bank's Organizations
who earn foreign PFCA specific as Penal Rate of Interest for Representatives shall not be
exchange-individuals continued defaulting. Overseas permitted for
resident in Sri Lanka, PFCA Savings -Apply online BFCA
sole proprietorship or -Bank Guarantee Charges against through Bank's
partnerships -Rs.500/- gift credit to Foreign Currency deposits- Web by -Transactions
registered in Sri new/existing LKR a/c of submission of duly (Deposits/
Lanka with majority the account holder (NR a) Bank Guarantees Up to perfected/signed Withdrawals)
of partners resident Savings only) amount LKR 1,000,000 - forms & originals are restricted
only to that are
 in Sri Lanka, a -Pre-Departure Loan Commission of 1.5% p.a. in LKR followed by post. permitted.
company Facility at the time of b)For each additional LKR 1 Mn -
incorporated in Sri Departure on discretion Commission of 1.00% p.a. in LKR Other Standard BFCA Savings
Lanka or a company of the bank Forms to be -Minimum
incorporated outside -Statutory charges submitted as deposit 500
Sri Lanka as an applicable units in
overseas company USD/AUD/EUR/
(under Companies -Standing Order GBP
Act No. 07 of 2007), Form 12,000 Units JPY
authorized shipping -Nomination Form
agent or general -Account Opening
sales agent in Sri Form /PA BFCA Fixed
Lanka for Foreign Declaration Form Deposits
Shipping/Air line or a for Power of -Minimum
state institution. Attorney deposit 1000/-
Particulars Units in
-could be opened in /Signatory USD/AUD/EUR/
Foreign Currencies, -Foreign GBP
not in LKR. Remittance 60000/- Units in
Application JPY
………………..... ……………….................. ......................................... (for TT/FC Drafts)
IIA ................................ ........................... -KYC/AML
Inward Investment IIA specific Questionnaire(Ind
Account ividual/Institution)
-Interest earned on where necessary .........................
-Could be opened to deposits (FC or LKR) at (ie.for bulk .........................
facilitate eligible competitive & attractive amounts .........................
investors -Foreign rates and competitive deposited) IIA Specific
Citizens resident in or rate of Exchange in line
outside Sri Lanka/ with the market. -
Non Resident Sri Accommodation
Lankans or -Facility to convert Local s (advances) to
individuals of Sri Currency to Foreign IIA holders are
Lankan Origin, Currency or vise versa of not permitted.
Companies the funds being
incorporated outside deposited to the IIA to -Transactions
Sri Lanka, Country gain advantage from (deposits/
and Regional Funds, Foreign Exchange Market withdrawals)
Mutual Funds, Unit movements. are restricted
Trusts and other only to that are
Institutional investors -Facility to enable sale or permitted.
who are established purchase of investments
outside Sri Lanka to between IIA holders IIA Savings
remit funds for selling or purchasing -IIA [Savings] -
investment where the respective Foreign
transactions in investment is also made Currency
permitted through the IIA of the Minimum
investments (ie. person selling the Deposit 25/-
Shares, T-Bonds, T- investment. (USD/EUR/GBP/
Bills, Unit Trusts, AUD) or
Debentures, Setting -Facility to transfer funds 12,000/- JPY
up of Overseas between IIA and
Companies, Fixed/ Diplomatic Foreign/ -IIA [Savings] -
Savings deposits with Rupee Accounts Sri Lanka Rupee
licensed financial (DFA/DRA) of the same Minimum
institutions or person. Deposit LKR
investing on 500/-
immovable property -Facility to transfer funds
with flexibility to between IIA and PFCAs, IIA Fixed
remit back the other IIAs or Accounts Deposits
investments made maintained with Offshore -IIA [FD] -
through the IIA with Banking Unit of same IIA Foreign
the related returns. holder. Currency
Minimum
-Could be opened in -Facility to deposit funds Deposit 500/-
LKR relating to Migration (USD/EUR/GBP/
Allowance of an AUD) or
-Could be opened in individual emigrant of Sri 60,000/- JPY
designated Foreign Lanka-Sri Lankan citizen
Currencies permanently residing -IIA [FD] - Sri
(USD/EUR/GBP/AUD/ outside the country/ Lanka Rupee
JPY) Foreign-National of Sri Minimum
Lankan Origin residing Deposit
-Could be opened in outside the country/ Sri 1 Month (at
the form of savings Lankan dual-citizen; Maturity) LKR
or fixed. approved with the Bank 500,000/-
under Capital
-IIA Fixed Transactions Rupee 12 Months
Deposits/LKR: Account (CTRA) (Monthly
Available for tenors registration process. Interest) LKR
1,3, 6, 12, 24, 36 25,000/-
months interest at -Facility to deposit in to
the end of the period IIA the sale proceeds of 3,6,12, 24, 36,
and 12 months investments received in 60 Months (at
monthly interest Sri Lanka Rupees (LKR) Maturity)
plan. where the investment LKR 25,000/-
had been made through
-IIA Fixed
Deposits/Foreign a)IIA of self
Currency: Available or if prior to opening IIA; ..........................
for tenors 1,3, 6, 12 b)Securities Investment ..........................
months interest paid Account (SIA) of self ................
at the end of the c)Inward remittances Foreign
period. with such proof Currency
for the purpose of Pension + Ac
further investments or Specific
repatriation as desired.
……………….................. -Minimum
 ................................ deposit amount
Modes of is FC equivalent
withdrawal in for Rs.1,000/-
Foreign Currency :
a)Fund Transfer or -Minimum
Standing Order deposit
facility(Telegraphic considered for
Transfer) in Foreign interest
Currency; locally or calculation is
abroad 500/- units of
b)Issuance of Bank USD/EUR or
Draft Facility 250/- GBP
c )Issuance of
Currency Notes -A minimum
balance of
Modes of Rs100,000/
withdrawal in LKR : equal in FCY
a)Cash Withdrawal must be
b)Fund Transfer or available at the
Standing Order end of the
Facility deposit period
c)Issuance of Drafts- to be entitled
LKR for the pension,
in other case
Modes of Deposits in total fund will
Foreign Currency be released to
a)Notes in any Fixed Deposits : depositor
Designated Foreign
Currency PFCA/ BFCA/ IIA *All other
b)Foreign Currency conditions &
Denominated drafts/ -Facility for Loan against terms remain
cheques Balance in Fixed Deposit same as
c)Inward Remittances a)Granted in LKR up to pertaining to
in Foreign Currency maximum of (80-90)% of the LKR Pension
the LKR equivalent of the + Ac.
deposit as at date
b)Payable in LKR in 03 Yrs
c)Charged at a rate of
……………….................. interest in LKR in par with
………………..... ................................ the market
Fixed Fixed Deposit :
Deposits -Bank Guarantees against
PFCA/ BFCA/ IIA deposit up to 80% of LKR
-PFCA Equivalent with minimal
[NR]/[R] commissions
-IIA -Foreign Currency
-BFCA FDs could be opened - Issuance of Foreign
under the mentioned Currency Notes-
categories from Commission free
prospective
depositors based on -Facility to transfer
eligibility criteria, and renewal interest to NSB
in currencies or to third party banks
specified under local/foreign-
savings with Commission Free to NSB
Automatic Renewal A/cs
Facility with accrued
interest on maturity -Issuance of Balance
or without interest Confirmation Letters at a
by facility to transfer nominal charge
interest in LKR or in
Foreign Currency as -Renewal Notices (Mail)
desired by the Facility
depositor.
-Internet Banking-Inquiry
Facility
PFCA FD Specific
-could be opened in -Nomination Facility -
Foreign Currencies, Commission Free
not in LKR
-available for tenors -Power of Attorney
1, 3, 6 & 12 months Registration -
interest paid at the Commission Free
end of the period.

BFCA FD Specific Foreign Currency

-could be opened in Pension + Specific
Foreign Currencies,
not in LKR -Facilitate entitlement to
 -available for tenors
1,3, 6, 12 Months
interest paid at the
end of the period.
……………….....
Other ……………….................
Accounts .................................
-Foreign Foreign Currency
Currency Pension + Ac
Pension +
-Could be Opened by
Resident or Non
Resident Citizens of
Sri Lanka above the
age 16 and not
reached to the age of
55 years in FCs USD/
EUR or GBP or in LKR
in the form of savings
only.
-Interest calculation
is based on divisible
units of 500 USD/EUR
or 250 GBP where
balance amount in
excess of divisible
units will not be paid
at same rate of
interest.
a pension scheme
-Flexibility to draw
pension fund on his/her
discretion as follows
(i)as fixed monthly/ fixed
quarterly amounts only
a)for a given period
b)for the rest of the
period of life
(ii)lump sum
(iii)combination of both
-Entitlement to a Medical
Insurance Scheme
-Facility to obtain
housing Loans without
proof of income for
depositors with regular
pension + credits for
more than a year up to a
maximum of
proportionate values of
total amount deposited
for 10 years
-Group loans for
pensioners at subsidized
rates of interest when
employers register with
the NSB pension scheme

-Rate of Interest for

the funds will be
based on AWDR &
reviewed every 6
months
NSB U- Trust Remittances thru Facility for foreign FCY & LKR Drafts Issued by Exch No Charges for
- Inward EuroGiro Postal currency holders to Comp - Credit to NSB LKR Ac's Valutrans
Remittance Network to NSB/ receive remittances with customers
System Other Local Bank A/c no commission
holders
Facility for Bank's
-Korea Post customers having rupee
-Italy Post accounts to receive
-La Banque Postal money from overseas at
-Deutsche Post nominal commission
rates
a) Upto LKR5,000/= No Charge

SWIFT - Remittances Facility for non- b) From LKR5,001/= to

thru Overseas Banks customers of the Bank LKR10,000/= Fee Rs100/=
to NSB/ Other Local (without the requirement
Bank A/c holders to have accounts with
Bank) to receive money
from overseas at nominal
commission rates
through a PIN number
produced to Bank with
his/her identification
documents (PIN
informed by the
remitter)for verification
c) From LKR10,001/= to
LKR100,000/= Fee Rs250/=

Remittances thru Facility to save partly or d) LKR100,001/= and above Fee

Exchange Companies in full, the money Rs500/=
-Cash Pick Up Service received as an inward
to non a/c holders or remittance overseas to
bank's customers RATAITHURU savings
-Remittances directly account (LKR) which
to NSB A/cs provides additional
-Remittances to benefits to customers
other Local Bank A/cs compared to ordinary
savings accounts

Fcy Drafts Issued by Sri Lankan

Banks - Credit to NSB FCY /LKR
Ac's
Above 100 units each currency -
1 Unit of Each Currency
Fcy Drafts Issued by Overseas
Banks - Credit to NSB FCY /LKR
Ac's
Above 100 units each currency -
1 Unit of Each Currency

Remittances thru SWIFT

a) Credit of NSB FCY Ac - No
Charge
b) Credit of NSB LKR Ac - Rs250/

Remittances thru EUROGIRO

a) Credit of NSB FCY Ac - No
Charge
b) Credit of NSB LKR Ac (Rcvd in
USD) - Rs250/
c) Credit of NSB LKR Ac (Rcvd in
EUR) - Rs350/
d) Credit of Other Bank FCY Ac
(Rcvd in USD) - USD5/
e) Credit of Other Bank FCY Ac
(Rcvd in EUR) - EUR5/
f) Credit of Other Bank LKR Ac
(Rcvd in USD) - Rs500/
g) Credit of Other Bank LKR Ac
(Rcvd in EUR) - Rs750/
 Remittances thru Citi Bank NY
a) Credit of NSB FCY Ac - No
Charge
b) Credit of NSB LKR Ac - Rs250/

Remittances thru Exchange

Companies
a) From Income Sharing Inst. -
credit of NSB Ac's : Free of charge
b) FCY remittances from Non
Income Sharing Inst. - credit to
NSB FCY Ac's : Free of Charge
b) From Non Income Sharing Inst.
- credit to NSB /Other Bank LKR
Ac's : Rs100/

Money Sale & Purchase of Sale of FCY Copy of Valid Maximum

Changing Foreign Currency Passport & NIC Amount of FCY
to be sold is
USD10,000/ or
equal in GBP,
AUD & EUR
FCY Ac Holders free of charges
Sale of FCY : LKR Ac Holders & Walk in
Customers - 1% of LKR value
(Min. Rs500/)
Cash Facility NSB staff members - 0.5% of LKR
value (Min. Rs.500/)
TT Facility
Draft Facility
Outward Issue Foreign Fixed Deposits Specific- FC Draft Charges
Remittances Exchange in the form NRFC/RFC/SFIDA/FEEA/SI
for Current of Drafts/ Telegraphic A LKR Ac Holders & Walk in
International Transfer against LKR Customers -
Transactions upon submission of -Renewal Notices (Mail) Upto 10,000/ FC units
(ie. documentary Facility USD10/, EUR8/, GBP8/, AUD10/
Education/ evidence with Addl Comm Rs1,000/
Medical/ -Facility for Loan against Above 10,000/ FC units
Training, Balance USD15/, EUR10/, GBP10/,
Workshops/ AUD12/
Business/ *Granted in LKR up to with Addl Comm Rs1,000/
Sports etc) maximum of 80% of the
LKR equivalent of the NSB staff member/ Spouse or
deposit as at date children -
USD10/, EUR8/, GBP8/, AUD10
*Payable in LKR in 03 Yrs Outward Telegraphic Transfer
Charges
*Charged at a
competitive rate of LKR Ac Holders & Walk in
interest in LKR Customers - 20/ units in
USD/EUR/GBP/AUD/ or other
currency,USD eqivalent
with 1% Comm on LKR val (Min
Rs1,500/ Max Rs5,000/)

NSB Staff members/ Spouse or

Children - 20/ units in
USD/EUR/GBP/AUD/ for other
currency, USD eqivalent
with 0.5% Comm on LKR val (Min
Rs1,500/ Max Rs2,500/)
Products/Servi Description of the Financial and other Fees/charges, Procedures to be Major terms Common
ces Products/Services benefits to customers followed to obtain the and conditions complaint
product/service procedure for
customers

Corporate Loans will be granted to Low interest rate 0.025% of facility amount Official request for a Terms will be Complaints can
Loans Financial Institutions as repayment schedule as processing fee plus facility should be sent custom catered be sent to
per their business needs catered to customer Statutory levies and addressed to Deputy based on the dgm.cfi@nsb.lk
needs. charges & legal fees General Manager – clients
where applicable Credit, National requirements
Speedy delivery Savings Bank and the best
Professional and interests of the
expert level service Bank

Syndicate High value loan facilities -Do- Processing fee as agreed Request can be sent -Do- - Do-
Loans granted in collaboration by the syndicate directly to Deputy
with other Financial members plus Statutory General Manager-
Institutes levies and charges Credit, National
Savings Bank or
forwarded through an
authorized personnel
from any other
Financial Institution

Investments The Bank is willing and Speedy approval As agreed between the Official request for a As per the -Do-
able to invest in Trust process and low Bank and Financial facility should be sent securitizati
Securities and turnaround time Company or arranger addressed to Deputy on
Debentures of Licensed General Manager – schedule or
Financial Companies Credit, National the coupon
Savings Bank rate