Regulatory Alerts2020-01-20 | General Direction No.1 of 2020General Direction No. 01 of 2020 – Fees Chargeable on Transactions Effected Through the Common ATM Switch
The Monetary Board of the Central Bank of Sri Lanka issued General Direction No. 01 of 2020 to replace the 2014 directive and regulate fees for transactions on the Common ATM Switch. The direction mandates maximum fee limits for card issuers and financial acquirers on non-national card scheme withdrawals and balance inquiries. It also establishes separate, lower fee caps for transactions involving payment cards issued under the National Card Scheme.
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