People’s Bank has stepped forward to boost the Government's efforts to rebuild Sri Lanka while providing eligible individuals and organisations with a significant investment opportunity by introducing its Special Deposit Account (SDA).
The People's Bank Special Deposit Account (SDA) is a specialised account that allows eligible customers to receive the highest interest rates by remitting foreign earnings to People's Bank for 6 or 12 month Fixed Deposits. People's Bank has introduced SDA Account in accordance with the directions of the Central Bank, the bank said in a media release.
Customers eligible to open SDAs include Sri Lankan individuals residing in or outside Sri Lanka, dual citizens, citizens of other states with Sri Lankan origin, non-national residents in or outside Sri Lanka and funds, corporate bodies, associations incorporated/registered outside Sri Lanka and any other well-wishers.
The SDA will be opened during the 6 month period which spans from April 8 to October 8, 2020. They will be opened and maintained only in the form of Fixed Deposits with a minimum tenure of 6 months.
“Permitted Credits include Inward Remittances in foreign currency received from outside Sri Lanka in favour of the account holder and transfers from Inward Investment Accounts (IIA) or accounts maintained in the Offshore Banking Unit by the account holder out of the proceeds received as inward remittances during the 6 month period in favour of the account holder. Upon maturity of proceeds, funds of SDAs could be remitted outside Sri Lanka or transferred to an Inward Investment Account or an account maintained in the Offshore Banking Unit by the same account holder. All disbursements in Sri Lanka will be in Sri Lankan Rupees,” the bank said.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
All Ceylon Makkal Congress MP Ali Sabri Raheem had been arrested by Kalpitiya police after he surrendered to the police today morning.
Senior DIG Nilantha Jayawardena has been sent on compulsory leave pending disciplinary investigation over his failure to prevent the Easter Sunday bombings.
The 22nd amendment to the constitution dealing with the term of the President has been gazetted by order of President Ranil Wickremesinghe.
Auspicious times widely followed by candidates keeping with traditions will be taken into consideration by the Election Commission in fixing the date and time for the conduct on the Presidential polls.
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