Regulatory Alerts2019-09-24 | Monetary Law Act Order No. 3 of 2019Maximum Interest Rates on Sri Lanka Rupee Deposits of Licensed Banks
The Central Bank of Sri Lanka rescinded Monetary Law Act Order No. 01 of 2019 to implement updated maximum interest rates for Sri Lanka Rupee deposits at licensed banks. Issued by the Monetary Board on 24 September 2019, this directive replaces prior rate caps and applies universally to all licensed banking institutions. The Governor's formal endorsement establishes the current regulatory ceiling, ensuring consistent interest rate limits across domestic currency deposit accounts.
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