Regulatory Alerts2015-08-06 | Payment and Settlement System Circular No 2 of 2015Maximum Limit on Transaction Fees of Sri Lanka Interbank Payment System
The Central Bank of Sri Lanka issued Payment and Settlement Systems Circular No. 02 of 2015 to rationalize customer fees for transactions conducted through the Sri Lanka Interbank Payment System. The regulation mandates that the maximum fee charged to customers for any fund transfer via SLIPS shall not exceed Rs. 50 per transaction. This directive became effective on 01 September 2015 to promote electronic payments by providing cost-effective banking facilities to the public.
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