This system has proved to be quick, safe and reliable so that beneficiaries here in Sri Lanka can receive foreign remittances with ease. Bank will forward an SMS to confirm the money transfer to the recipients.
Bank of Ceylon holds a 40 percent share of the Inward Remittances Market and a 35 percent share of the NRFC Deposits market.
Many steps have been taken recently by Bank of Ceylon to increase the volume of NRFC deposits and Inward Remittances.
“BOC Smart Remit” lottery introduced for this purpose has become very popular at present.
Keerthi Kariyawasam of parliamentary staff is the winner of the first round of the lottery received his prize from speaker Karu Jayasuriya recently. He maintains an account with the BoC parliamentary branch.