NRFC Account

Alucard_SxE

Well-known member
  • Apr 18, 2015
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    1. Lankawe kenekta personal NRFC account ekak open karanna puluwanda me dewal tika thiyena?
    * Not working overseas or haven't worked overseas.
    * Doesn't have a salary based income.
    * Earn through $,Euros or other major foreign currency & not LKR but difficult
    to provide proof.

    2. Lankawe NRFC account ekak open karanna hodama banks monawada? better iinterest rates/ better promos/ less hassle

    3. NRFC fixed deposit danna puluwanda? Ewage interest rates hodaida compared to local currency FDs?

    4. Tax wadinawada? e sambanda thawa monawahari details???

    Dan LKR yana widihata convert karana eka padui ithin Foreign currency walinma salli thiyaganna balanne.
     

    AccountsBuwa

    Active member
  • Aug 2, 2017
    404
    87
    28
    LK
    1. Lankawe kenekta personal NRFC account ekak open karanna puluwanda me dewal tika thiyena?
    * Not working overseas or haven't worked overseas.
    * Doesn't have a salary based income.
    * Earn through $,Euros or other major foreign currency & not LKR but difficult
    to provide proof.

    As per new regulations, NRFC/RFC/RNNFC/NRNNFC accounts are now categorized as Personal Foreign Currency Accounts (PFCA). Generally you can open a PFCA account if you can prove that you get foreign currency income. By the way, if you get money here, why cant you provide a proof?

    2. Lankawe NRFC account ekak open karanna hodama banks monawada? better iinterest rates/ better promos/ less hassle

    So it will be PFCA. I guess all local banks are similar in service (okkogema inne kalu katha anatha sinhalu thama; just kidding) so better to have one in a branch where you have some contact if any (its sad to say). If not go to head office or bigger branch because most guys in small branches know nothing much about foreign currency and will ask hundred and one questions

    3. NRFC fixed deposit danna puluwanda? Ewage interest rates hodaida compared to local currency FDs?

    PFCA FD. Yes you can. Interest rates are generally lower than LKR rates.

    4. Tax wadinawada? e sambanda thawa monawahari details???

    Tax depends on source of income. Generally, if it is a service, then it would be tax free.

    Dan LKR yana widihata convert karana eka padui ithin Foreign currency walinma salli thiyaganna balanne.

    .....
     
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