Sri Lanka Inter-bank Payment System (SLIPS) is a same-day electronic fund transfer facility operated by LankaPay. 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.
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 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 | LankaPay |
Inward | 21:45 | 09:00 (next Working Day) | Inward Data ready to download | LankaPay | Participating Banks/ Financial institutes | |
Session 2 | Outward | 9:00 | 11:00 | Submit Outward | Participating Banks/ Financial institutes | LankaPay |
Inward | 12:30 | 09:00 (next Working Day) | Inward Data ready to download | LankaPay | Participating Banks/ Financial institutes | |
Session 3 | Outward | 12:30 | 13:30 | Submit Outward | Participating Banks/ Financial institutes | LankaPay |
Inward | 15:00 | 09:00 (next Working Day) | Inward Data ready to download | LankaPay | Participating Banks/ Financial institute |
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
Bank Of Ceylon Cargills bank Ltd Commercial Bank of Ceylon PLC Commercial Leasing and Finance PLC DFCC Bank Habib Bank Limited Hatton National Bank PLC HDFC Bank Lanka Orix Finance Company PLC MCB Bank Limited National Development Bank PLC National Savings Bank Nations Trust Bank PLC Pan Asia Banking Corporation Public Bank Berhad Sampath Bank PLC Senkadagala Finance Seylan Bank PLC Standard Chartered Bank SDB HCBC LB Finance |
Bank of Ceylon
Commercial Bank of Ceylon PLC DFCC Bank Hatton National Bank PLC LOFC National Development Bank PLC Nations Trust Bank PLC Sampath Bank PLC Seylan Bank PLC Standard Chartered Bank PLC HSBC Cargills bank Ltd Pan Asia Banking Corporation |
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?
LankaPay operates three clearing cycles for SLIPs daily, on all week days. If a payment reaches LankaPay 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, Standing orders and peer to peer fund 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.