NDB Bank’s Foreign Investment Deposit Accounts

NDB Bank is now offering Special Foreign Investment Deposits Accounts (SFIDA) with exclusive benefits, specially designed for its customers, the bank said.

SFIDA provides an opportunity to non-Sri Lankan citizens and Sri Lankans who are residing outside the country to invest in NDB Bank in foreign currency and Sri Lankan rupees. While all investments in SFIDA are exempted from income tax, withholding tax and debit tax, it is also freely convertible, the bank statement said.