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.
# ශ්රී ලංකා සෙන්ත්රීය බැංකුව
## අවාසිත්තු ප්රදේශය වාර්තාව
### CENTRAL BANK OF SRI LANKA
**ඔබ්බු මාන සිතිම් සැලැස්ම් අංශය**
**ඔබ්බු අංශය, අංශය, අංශය, අංශය**
**Payments and Settlements Department**
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**06 August 2015**
**Payment and Settlement Systems Circular No. 02 of 2015**
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**To: The Chief Executive Officers of Licensed Banks and Licensed Finance Companies**
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## Maximum Limit on Transaction Fees of Sri Lanka Interbank Payment System
This Circular is issued in terms of Section 44 of the Payment and Settlement Systems Act, No. 28 of 2005 to rationalize customer fees levied on transactions effected through the Sri Lanka Interbank Payment System (SLIPS) in order to promote electronic payments by providing cost effective banking and payment facilities to the general public.
2. The maximum fee that can be charged from a customer for effecting a fund transfer through SLIPS shall not exceed Rs. 50 per transaction.
3. This Circular shall come into operation with effect from 01 September 2015.
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**(Mrs) R A S M Dayarathna**
**Director Payments and Settlements**
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**8 සුරි මාවත්, අංක 30, ජානාධිපති මාවත්, කොළඹ 01, ශ්රී ලංකාව**
**8 සුරි මාවත්, අංක 30 සෙන්ත්රීය ප්රදේශය වාර්තාව 1**
**Level 8, No. 30, Janadhipathi Mawatha, Colombo 1**
**P.O. Box. 590, Colombo 01, Sri Lanka.**
**94 11 2477042/525**
**94 11 2387009**
**psd@cbsl.lk**
**www.cbsl.gov.lk**
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