Resident Account Opening
 Resident (Local)
"Apply online or request for a single or joint application as resident Sri Lankan/s"

Opening an account as a resident Sri Lankan

Required forms

Other documents required

  • 2 clear copies of the National Identity Card or valid Passport (In the event, both the NIC and Passport are not available, a certified copy of the Birth Certificate & Driving License should be submitted, together with an Affidavit confirming the fact that both NIC and Passport are not available.)
  • Proof of Residency (in the event of permanent address on forms differing from the address provided on the NIC) - A copy of any Utility Bill or Bank Statement or such other proof which is not more than 3 months old. (e.g. Electricity, Water, Telephone bills, etc.)


  • Both of the documents above should be certified as true copies by a Justice of the Peace (JP) and/or Attorney-at-Law.
  • For dividend disposal instructions, please give Bank Name, Branch, Bank Account Number and Branch full address
  • Applicant's signature has to be witnessed by two persons.

Required form

Same procedure as above with the exception of the form provided below which must be completed instead of the Know Your Customer (KYC) form for Individual Account.

  • Know Your Customer (KYC) form for Joint Account (Joint KYC)

Other related documents

Margin Trading is where an Investor pledges a Quoted Share Portfolio in his/her Central Depository System (CDS) Account to a financial institution and obtains credit up to 50% of the market value of the quoted share portfolio pledged. The 50% upper limit is the limit set by the Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC).

Margin trading providers

  • NDB Bank PLC
  • Commercial Bank PLC
  • LB Finance PLC
  • Pan Asia Bank PLC
  • People's Merchant Finance PLC
  • Sampath Bank PLC
  • Seylan Bank PLC
  • Softlogic Finance PLC

Required documents

  • Original Share Certificate
  • Sold Transfer form (Nationals) (CDS 3)

Reminder:If you have share certificates to be lodged, Name and NIC/Passport number should be the same as those provided in your CDS Account.

Intra-transfers take place when an individual wishes to transfer stocks from one participant firm to another.

Required form

  • Request for Intra account/Inter Account Transfer of Securities form (CDS 6)

Reminder: Client signature must be placed in sections 1 and 3 in the CDS 6 form.

  • Locked transfers - Locked transfers occur when the investor does not want the stock to be sold and locks the shares. This generally takes place when the investor holds a majority of shares in one company and would not want to risk losing his or her control.
  • Unlocked transfers - An unlocked transfer takes place in the event that an investor enables the stocks to be traded freely.

Required form

  • Request for Intra account/Inter Account Transfer of Securities form (CDS 6(A))

Private transfers occur when an investor finds the need to transfer the stock owned by him/herself to another individual. This can happen in two ways:

  • Share Gifting - The shares are gifted from one investor to another.
  • Required form

  • Death Transfer - If the initial investor is deceased (or during a similar circumstance) the stock can be passed down to one of his or her benefactors, or other individual stated by the initial investor.
  • Required form

  • Transfer of securities in the event of the death of a CDS account Holder (CDS 19)

NDBS SMS ALERTS is a messaging facility which will dispatch information regarding your CDS account and transactions in your account via SMS to your mobile phone. Clients may subscribe for this facility using the form provided below.

Required form

Please note:

    When filling the forms please avoid using correction fluid.

If completed documents are to be posted, please submit a scanned copy of the documents to the NDBS Operations Department via e-mail ( for verification, prior to posting the documents to NDBS.