Regulatory Alerts2016-02-01 | 02/17/500/0012/001Display of Interest Rates, Exchange Rates, Service Charges, Fees and Commissions
The Central Bank of Sri Lanka requires all licensed commercial and specialised banks to display customer fees for fund transfers via the LankaSettle, SLIPS, and CEFTS systems in all branches and on their websites. This mandatory disclosure must commence on 10 February 2016 and follow a standardized table format reflecting rates periodically determined by the regulator. The directive supersedes previous guidelines to ensure consistent and transparent pricing for electronic payment services across the banking sector.
Share