Regulatory Alerts2020-05-15 | Instructions to CEOs of LCBsExtending the Validity Period of Cheques
The Monetary Board, through Director D. Kumaratunge, mandates Licensed Commercial Banks to extend the validity period of cheques valued under Rs. 500,000 until 31 May 2020. This directive amends Circular No. 06 of 2020, which previously extended the deadline to 15 May 2020, in response to requests from affected institutions. The measure aims to provide relief to businesses and individuals impacted by the ongoing situation in the country.
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