Regulatory Alerts2020-04-06 | Instructions to CEOs of All Members of the CASWithdrawal Fee Charged from Senior Citizens for Cash Withdrawals through the Common ATM Switch (CAS)
The Central Bank of Sri Lanka directed all Common ATM Switch members to waive fees for senior citizens' cash withdrawals for two months starting April 1, 2020. Banks must immediately refund any fees charged to senior citizens during this period, while LankaClear agreed to waive its own associated fees. The standard interchange fee specified in General Direction No. 01 of 2020 remains applicable to all such transactions.
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