Overview

Sri Lanka Inter-bank Payment System (SLIPS) is a same-day electronic fund transfer facility operated by LankaClear. SLIPS is popularly used for periodic or bulk payments such as standing order, salaries, utility bill payments etc and is found to be a popular payment option amongst corporate sector with payments being processed electronically much efficiently with less manual work, and advanced security features and audit trails.

Members

  • • Alliance Finance Company PLC
  • • Amana Bank PLC
  • • Axis Bank
  • • Bank of Ceylon
  • • Cargills Bank Limited
  • • Central Finance PLC
  • • Citibank
  • • Citizen Development Business Finance PLC
  • • Commercial Bank
  • • Commercial Leasing and Finance
  • • Deutsche Bank
  • • DFCC Bank PLC
  • • Habib Bank
  • • Hatton National Bank
  • • HDFC Bank
  • • HNB Finance Limited
  • • Hongkong & Shanghai Bank
  • • ICICI Bank Limited
  • • Indian Bank
  • • Indian Overseas Bank
  • • Kanrich Finance Limited
  • • L B Finance PLC
  • • Lanka Orix Finance PLC
  • • Mercantile Investment and Finance PLC
  • • Merchant Bank of Sri Lanka & Finance PLC
  • • Muslim Commercial Bank
  • • National Development Bank
  • • National Savings Bank
  • • Nations Trust Bank
  • • Pan Asia Banking Corporation PLC
  • • People's Leasing and Finance PLC
  • • Peoples Bank
  • • Public Bank
  • • Regional Development Bank
  • • Sampath Bank
  • • Sanasa Development Bank
  • • Senkadagala Finance PLC
  • • Seylan Bank
  • • Siyapatha finance PLC
  • • Standard Chartered Bank
  • • State Bank of India
  • • State Mortgage & Investment Bank
  • • Union Bank
  • • Vallibel Finance PLC

Click Here to DownLoad bank & branch Code list

Maximum Customer Charges

  • • Internet Banking – Rs. 50/- per transaction (including taxes)
  • • Mobile Banking – Rs. 50/- per transaction (including taxes)
  • • Over the Counter – Rs. 100/- per transaction (including taxes)

Note – the above are the maximum customer charges as regulated by the Central Bank however this may vary bank to bank subject to the maximum fees given above.

SLIPS window cutoff times for Participating Banks

SLIPS participating banks have the option of transferring multiple data files for all the sessions.

Clearing Session Clearing Leg Leg Open Window Close Activity From To
Session 1 Outward 15:00 20:00 Submit Outward Participating Banks/ Financial institutes LankaClear
Inward 21:45 09:00 (next Working Day) Inward Data ready to download LankaClear Participating Banks/ Financial institutes
Session 2 Outward 9:00 11:00 Submit Outward Participating Banks/ Financial institutes LankaClear
Inward 12:30 09:00 (next Working Day) Inward Data ready to download LankaClear Participating Banks/ Financial institutes
Session 3 Outward 12:30 13:30 Submit Outward Participating Banks/ Financial institutes LankaClear
Inward 15:00 09:00 (next Working Day) Inward Data ready to download LankaClear Participating Banks/ Financial institute

Notes:

1. Outward submission window cut-off times can be extended maximum up to 15 minutes upon participants request and per transaction late submission fee will be applicable.

2. On a half working day, only two sessions will be applicable and outward submission time of Session-1 (settlement on next business day) will be 12:30:00 p.m. to 1:30:00 p.m.

Interbank Credit Card Payments

In view of protecting your card information as per PCI-DSS compliance standards, kindly note that inter bank credit card payments are no longer accommodated via SLIPS. Alternatively you can use CEFTS, which is a real-time payment option that provides you greater convenience.

Following are the banks and financial institutions that facilitate their accountholders to make credit card payments via CEFTS and credit cards issuing banks that accepts credit card payments via CEFTS

Account Holding Banks and Financial Institutions that facilitates credit card payments via CEFTS Credit Card issuing Banks that accepts credit card payments via CEFTS
Amana bank
Axis bank
Cargills bank
Commercial Bank
Commercial Leasing & Finance
DFCC Bank
Habib Bank
Hatton National Bank (ATM only)
Lanka Orix Finance
MCB Bank
National Development Bank
National Savings Bank
Nations Trust Bank
Pan Asia Banking Corporation
Public Bank
Sampath Bank
Senkadagala Finance
Seylan Bank
Standard Chartered Bank
Bank of Ceylon
Commercial Bank
Hatton National Bank
National Development Bank
Nations Trust Bank
Sampath Bank
Seylan Bank
 
 
 
 
 
 
 
 
 
 
 
 
Note – If you are a credit cardholder of any other bank, please note that your bank has not still not enabled credit card payments via CEFTS.

FAQs

1. What is the maximum value of a transaction that can be made via SLIPS?
Rs. 5,000,000

2. Can I transfer money to an account in a different bank via SLIPS in the same day?
LankaClear operates three clearing cycles for SLIPs daily, on all week days. If a payment reaches LankaClear before 1.30 pm the transfer will reach the recipients account the same day. Please speak to your bank for their cut off time for same day transfers

3. What are the type of payments that are generally made via SLIPS?
Salaries, utility bills payments, Sanding orders and peer to peer found transfers

4. Can I make a value dated transfer with SLIPS?
Yes. You can make a value dated transaction up to 14 Business days via SLIPS.

5. Can I make debit transfer via SLIPS?
Yes. By providing consent to a direct debit application form by the merchant, you can allow the merchant to deduct up to a predefined amount from your account on a specific day of the month via SLIPS.

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