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How to Open a Securities Investment Account or a SIA

Step 1 | Open a securities investment account (SIA)

  • All non-national investors are required to open a Securities Investment Account (SIA) with any Licensed Commercial Bank in Sri Lanka, to invest in securities except for investments in Mutual Funds.
    However, it is recommended that Non-resident investors open a SIA when investing in Mutual Funds for easy repatriation of capital and income from investments.
  • You may contact NDB Private Wealth centre to open a SIA Account.
    Contact : Laknada De Mel | Mobile : +94 777 767 499 | Email : [email protected]
    Nadun Pathirana | Mobile : +94 773 567 550 | Email : [email protected]

To open an SIA Download forms

Step 2 | Complete NDB Wealth Management account opening documentation

Individuals Download form 1A & Download form 2

Step 3 | Courier the documents

Laknada De Mel
Level G, NDB Capital Building,
No. 135, Bauddhaloka Mawatha,
Colombo 04,
Sri Lanka.

Step 4 | Transfer funds to SIA

Transfer the amount you wish to invest to your SIA.
Please inform NDB Wealth by email/fax of the fund transfer details for easy execution of investments.

How to invest in Mutual Funds

Step 1 | Authorization to NDB Wealth Management to effect investment instruction from SIA

  • Please provide a letter of authorization to NAWM in order to effect the investment to various NDB Wealth Funds (Mutual Funds) from SIA or
  • You could directly instruct the Sri Lankan Bank where the SIA is opened to transfer funds to a NDB Wealth Collection Account at the National Development Bank PLC when you wish to invest:

Collection Account Details:

Bank Name : National Development Bank PLC

Account Name: NDB Wealth Management Limited – Collection Account

Account Number: 101000167232

Please also quote your NDB Wealth Account Number (9 digits)
and
The Product Code/s or Product Name you wish to Invest in (5 digit code or product name)

How to withdraw funds

Step 1 | Instruction to NDB Wealth Management

  • Please forward your withdrawal instruction by fax/e-mail to NDB Wealth Management.
    (For easy withdrawal please download PDF of withdrawal slip, fill, sign and fax.)
  • Upon receipt of your instructions NDB Wealth shall redeem your investments in NDB Wealth Funds / Products and transfer to your SIA

Step 2 | Repatriation from SIA

  • Please forward your withdrawal instruction by fax/e-mail to NDB Wealth Management.
    (For easy withdrawal please download PDF of withdrawal slip, fill, sign and fax.)
  • Upon receipt of your instructions NDB Wealth shall redeem your investments in NDB Wealth Funds / Products and transfer to your SIA

© All rights reserved, NDB Wealth Management Ltd. is an Investment Manager, licensed by the Securities & Exchange Commission of Sri Lanka.