Regulatory Alerts2025-06-11 | Circular No. 03 of 2025Maximum per Transaction Limit for Sri Lanka Interbank Payment System
The Central Bank of Sri Lanka issued Payment and Settlement Systems Circular No. 03 of 2025 to revise transaction limits for the Sri Lanka Interbank Payment System (SLIPS). The regulation mandates that the maximum value for fund transfers initiated by customers of Primary Participants shall not exceed Rs. 10 million per transaction. This directive, issued under the Payment and Settlement Systems Act, takes effect on 25 June 2025 to facilitate digital transactions while safeguarding customer funds.
ශ්රී ලංකා මහ බැංකුව இலங்கை மத்திய வங்கி CENTRAL BANK OF SRI LANKA
ගෙවීම් සහ පියවීම් දෙපාර්තමේන්තුව | கொடுப்பனவுகள், தீர்ப்பனவுகள் திணைக்களம் | Payments and Settlements Department
Payment and Settlement Systems Circular No. 03 of 2025 | 11 June 2025
To: (i) Chief Executive Officers of All Primary Participants in Sri Lanka Interbank Payment System (ii) LankaPay (Pvt) Ltd
Maximum per Transaction Limit for 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 (Act) to revise customer limits imposed on transactions effected through the Sri Lanka Interbank Payment System (SLIPS) in order to promote and facilitate the adoption of digital transactions while safeguarding customer funds.
- Maximum per Transaction Value
2.1 The maximum value for fund transfers initiated by the customers of Primary Participants in SLIPS shall not exceed Rs. 10 million per transaction.
- This Circular shall come into operation with effect from 25 June 2025.
(Signature)
S M Wimalasuriya Actg. Director Payments and Settlements
3 වන මහල, අංක 30, ජනාධිපති මාවත, | 8 ஆம் மாடி, இல 30 சனாதிபதி மாவத்தை கொழும்பு 1 | Level 8, No. 30, Janadhipathi Mawatha, Colombo 1 තැ. පෙ. 590, කොළඹ 01, ශ්රී ලංකාව | த. பெ. இல. 590, கொழும்பு 01, இலங்கை | P. O. Box 590, Colombo 01, Sri Lanka. ( 94 11 2477042 94 11 2387009 | ✉ psd@cbsl.lk | 🌐 www.cbsl.gov.lk