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A fixed deposit (FD) is a tenured deposit account provided by banks or non-bank financial institutions which provides investors a higher rate of interest than a regular savings account, until the given maturity date. It may or may not require the creation of a separate account. The term fixed deposit is most commonly used in India and the ...
Print/export Download as PDF; ... This is a list of countries by annualized interest rate set by the central bank for charging commercial, ... Sri Lanka: 8.00 0.25:
Recognizing its exceptional performance and achievements, DFCC Bank has been recognized with several prestigious accolades. These include awards for “Best Performance on Growth” and “Best Performance on Profitability” at the 2nd ICC Emerging Asia Banking Conclave & Awards; Silver Awards for “Best Use of Experiential Digital Marketing” and “Best SEO/SEM Campaign” at the SLIM ...
The Central Bank of Sri Lanka (CBSL) cut the statutory reserve ratio (SRR) by 100 basis points to 5 percent effective March 1, while leaving its two key monetary policy rates steady, saying they ...
Housing Development Finance Corporation Bank of Sri Lanka (HDFC) National Savings Bank; Regional Development Bank (Pradheshiya Sanwardhana Bank) Sanasa Development Bank; Sri Lanka Savings Bank; State Mortgage and Investment Bank; Source: Central Bank, September 2020 [2]
The Sri Lanka Interbank Payment System (or SLIPS in short) is the largest account-to-account fund transfer network in Sri Lanka. [2] Created by LankaClear, it enables member banks to carry out same-day transfers of up to Rs. 5 million, in a secure paperless process.
The General Direction No 01 of 2018 as per the Monetary Board of the Central Bank of Sri Lanka under section 44 of the Payment and Settlement Systems Act No 28 of 2005 came into immediate effect as of 25 July 2018 implies to the operations of the Common Electronic Fund Transfer Switch, Lanka Clear (Pvt) Ltd and members of CEFTS. [8]
Since its opening in 1986, Sampath Bank is the first bank in Sri Lanka to operate using a fully computerised database. Sampath Bank was the first to introduce the use of ATMs, MasterCard, Personal Banking Unit Facilities, Uni Banking System & Debit Cards (Initially with Cirrus and Maestro and Visa) to Sri Lanka. After its massive re-engineering ...