Features
SDAs shall only be opened as Fixed Deposists . SDA Savings Account can be opned only for purpose of receiving funds to be placed in SDA Fixed Deposit.
Joint accounts are permitted with another eligble person.
Freely convertible and remittable outside Sri Lanka at maturity
Will not be subject to Foreign Exchange Regulation No 1 of 2017 published in Gazette Notification No 2045/56 dated 17.11.2017
Eligibility
Any Sri Lankan individual resident in or outside Sri Lanka above 18 years of age
Dual Citizens
Citizens of other States with Sri Lankan origin
Non Nationals resident in or outside Sri Lanka
Funds,corporate bodies,associations incorporated/ registered outside Sri Lanka
Any other well-wishers.
Documents Needed
Your National Identity Card
A billing proof for your residential address verification. This can be an electricity Bill, Water Bill or a Land Line.