Additional interest for NRFC holders for deposits

09 Apr, 2020

A Gazette notification is to be published today on the special financial arrangements made by the Government for Sri Lankans living overseas and foreign nationals willing to invest in Sri Lanka.

Co- Cabinet Spokesman Minister Bandula Gunawardena said the Government has decided to offer an additional 02% interest for Non Resident Foreign Currency (NRFC) account holders when depositing foreign currency.

Addressing the media, he said the arrangements have been made by the Central Bank of Sri Lanka (CBSL) and consists of various benefits, including tax – free concessions.

Foreign currency deposited into NRFC accounts must remain for a minimum period of 6 months, he added.?

Minister Gunawardena said the financial measures are being taken keeping in mind the recent depreciation of the Sri Lanka Rupee against the US Dollar. (Colombo Gazette)

Recommended For You

Resident kills suspected thief

A suspected thief succumbed to his injuries after being assaulted by a resident of a house he broke into in Moratuwa this morning, the police media unit said. The police said that the man had forced his way into the house while the family in the house was fast asleep early this morning. A lady of the house had told the police that she heard screams from her daughter saying a man was in her room. When she saw the man she called for help and the area residents had rushed to her assistance. Fearing

08 Jul, 2013

Make or break talks tomorrow

A key discussion is to take place tomorrow on the demands put forward by private bus operators for a bus fare hike, President of the Lanka Private Bus Owners Association (LPBOA) Gemunu Wijeyratne said. He said that the talks will take place between the bus associations, President Mahinda Rajapaksa and the relevant government officials. Wijeyratne said that if the talks fail then private bus operators will go ahead with a scheduled trade union action this week.

07 Jul, 2013

Sanjeewa Bandara jailed

The?Convener of the Inter University Students Federation ( IUSF) Sanjeewa Bandara was remanded today by the Fort Magistrate for violating his bail conditions. Bandara was ordered to appear in Court today after he was out on conditional bail over another case. When he appeared in Court the Fort Magistrate ordered that he be remanded as he had violated his bail conditions.

08 Jul, 2013

Colombo Gazette is a leading news and entertainment website, covering stories related to Sri Lanka. The content consists of text based news, photos and videos and is linked to social media websites including Facebook, Twitter and Instagram, to provide a wider coverage for its stories.