The Central Bank of Sri Lanka issued a circular revising customer limits for transactions processed through the Sri Lanka Interbank Payment System (SLIPS), setting a maximum value of LKR 10 million per customer-initiated fund transfer. The change applies to fund transfers initiated by customers of SLIPS primary participants and is issued under Section 44 of the Payment and Settlement Systems Act, No. 28 of 2005, with the stated aim of supporting adoption of digital transactions while safeguarding customer funds. The revised limit takes effect from 25 June 2025.
Central Bank of Sri Lanka 2025-06-11
Central Bank of Sri Lanka sets LKR 10 million maximum per-transaction limit for SLIPS customer fund transfers
The Central Bank of Sri Lanka revised customer transaction limits for the Sri Lanka Interbank Payment System (SLIPS), capping fund transfers at LKR 10 million per transaction. This change, under Section 44 of the Payment and Settlement Systems Act, aims to promote digital transactions while ensuring customer fund safety.