Hotel Jaffna

Banks in Jaffna.

7:41 PM 01/03/2019

Banks in Jaffna town are connected with the banking network of Sri Lanka. Nearly all of the local and International banks in Colombo are having their branches in Jaffna and surrounding towns. All of them are interconnected with their own network system. Furthermore they can be accessed through the internet to the Colombo branches and worldwide Banks. All the staff can communicate with you in English language fluently. Some branches are large ones while many of them are small ones here in the Jaffna District. These banks are connected through the internet banking system all over the world with their Head office, branches and affiliated banks. Sri Lanka banks have restrictions on the foreign currency exchange and they are controlled by the Central Bank of Sri Lanka. As per Srilanka Law you can bring in reasonable amount of foreign currency with proper documents. If you want to export or send foreign currency to overseas, you must get permission from the Central Bank of Sri Lanka. In the mean time, people can have foreign currency accounts in desired foreign currency with any of the Sri Lanka bank's branch as NRFC account. Foreign currency can be remitted to this account and can be transferred to any desired bank with desired currency. But when withdrawing in Sri Lanka it will be given equivalent LK Rupees only.

If you have a mobile phone you can get mobile banking account facility from the local banks. This mobile banking facility will allow your bank account to be operated through internet connected PC, Laptop, Tablet and Smartphone. For example with your Smartphone you can check the balance, transfer money to another account without visiting your bank branch. Also this Mobile Banking will allow you settle shopping payment in super markets and other large shopping centers.

Sri Lanka Coins in Use: Rs 1, 2, 5 and 10.
Bank Currency Notes in circulation: Rs 10, 20, 50, 100, 1,000, 2,000 and 5,000
Older versions of Sri Lanka Bank notes will not be accepted. Damaged and hand written bank notes will not be accepted even by the banks. Damaging a bank note is a legal violation that can lead to prosecution. You can cash foreign currencies and travelers cheques in to Sri Lanka currency. Transferring money from your foreign bank to local banks can be done easily through telex transfer. Also you can get funds from foreign countries through Western Union, Money gram and Easy Cash programs through Banks or through their agents whom are located all around this district.

It is better to produce your passport at the bank whenever you want to change foreign currencies as this will make the process quick and easy. This exchange receipt will allow you to cash the remaining local currency in to foreign currency at the intentional air port when you are leaving Colombo, Sri Lanka. Banks are kept open from 9.00 AM till 3.00 PM on any normal working days. On Saturdays most of the banking institutions close at around 1.00 PM. Sundays, Poya days and national holidays are considered as bank holidays and they will not function on these days. You can get more information on the local Banks from your Jaffna hotel help desks.

Money changers are operating in the town even on holidays. Most of the larger shop keepers do happily accept foreign currencies and credit cards, when you are shopping in their stores. In some of the Jaffna Hotels, they allow you to pay your bills with foreign currencies while they provide foreign exchange service too to certain currencies. According to Sri Lanka Central Bank you can receive money through Western Union money transfer offices and from their agents while you are staying in Jaffna.

Use your foreign ATM cards to withdraw local currency in reasonable amount through any ATM points which are connected with foreign banks through the internet. It is better to use your plastic card to withdraw money on office hours from ATMs that are attached to the banks. This practice will allow you to get help from the bank staff, if your card is stuck inside the ATM. Some ATM machines may not provide the required amount of money, but your mobile phone will receive Text message from your home country in paid status.
In this case don't get panicked. Actually this is a temporary error and your bank in the foreign land will not deduct any money from your account.

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