1. International
  2. Deposit Accounts
  3. Capital Transactions Rupee Account (CTRA)

Capital Transactions Rupee Account (CTRA)

  • Sri Lankan individuals, permanently residing outside Sri Lanka

  • A Sri Lankan dual-citizen

  • A foreign national of Sri Lankan origin

  • A Non National resident outside Sri Lanka

  • A Sri Lankan National resident outside Sri Lanka

  • Firms and Companies registered outside Sri Lanka

Account Type

Eligible customer category

CTRA (Migrant Transfers)

  • The purpose for releasing of migrant allowence

  • Sri Lankan individuals, permanently residing outside Sri Lanka

  • A Sri Lankan dual-citizen

  • A foreign national of Sri Lankan origin

  • A Non National resident outside Sri Lanka

CTRA (Other – Personal)

  • Sri Lankan individuals, permanently residing outside Sri Lanka

  • A Sri Lankan dual-citizen

  • A foreign national of Sri Lankan origin

  • A Non National resident outside Sri Lanka

CTRA (Other – Non personal)
  • Firms and Companies registered outside Sri Lanka

 

CTRA (Migrant Employees)
  • A Sri Lankan National resident outside Sri Lanka for the purpose of an employment or to set up in business or to engage in a profession.

 

  • Accounts can be opened and maintained CTRAs in the form of current, saving or time deposit accounts in Sri Lanka Rupees.

  • A cheque book shall not be issued against a CTRA current account.

  • The purpose of opening CTRA (Migrant Transfers) is for releasing of migration allowance of the customer and should obtain approval of the Director-Department of Foreign Exchange when opening.

  • A minor, who is an eligible person may open CTRA (Migrant Transfers). However, he/she is eligible for migrant transfers only after reaching the age of 18 years.

  • CTRAs may be held as sole or jointly with another eligible person other than CTRA (Migrant Transfers).

  • Accounts cannot be opened and maintained CTRAs jointly with a Sri Lankan National resident outside Sri Lanka and Sri Lankan National resident in Sri Lanka.