Overview

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.

Members

  • Bank of Ceylon
  • Standard Chartered Bank
  • Citi Bank
  • Commercial Bank
  • Habib Bank
  • Hatton National Bank
  • Hongkong & Shanghai Bank
  • Indian Bank
  • Indian Overseas Bank
  • Peoples Bank
  • State Bank Of India
  • Nations Trust Bank
  • Deutsche Bank
  • National Development Bank
  • MCB Bank
  • Sampath Bank
  • Seylan Bank
  • Public Bank Berhad
  • Union Bank Of Colombo PLC
  • Pan Asia Banking Corporation PLC
  • DFCC Bank PLC
  • Amana Bank PLC
  • Cargills Bank Limited

  • Cooperative Regional Rural Bank LTD Polgahawela
  • LCB Finance PLC
  • National Savings Bank
  • Sanasa Development Bank
  • HDFC Bank
  • Citizen Development Business Finance PLC
  • Regional Development Bank
  • State Mortgage & Investment Bank
  • L B Finance PLC
  • Senkadagala Finance PLC
  • Commercial Leasing and Finance
  • Vallibel Finance PLC
  • Central Finance PLC
  • Kanrich Finance Limited
  • Alliance Finance Company PLC
  • Lanka Orix Finance PLC
  • Merchant Bank of Sri Lanka & Finance PLC
  • HNB Finance Limited
  • Mercantile Investment and Finance PLC
  • People's Leasing and Finance PLC
  • Siyapatha Finanace PLC
  • Dialog Finance PLC
  • Central Bank Of Sri Lanka

Maximum Customer Charges

  • The maximum fee can be charged from the transaction initiating customer ;
  • Internet Banking – Rs. 50/- per transaction (including taxes)
  • Mobile Banking – Rs. 50/- per transaction (including taxes)
  • Over the Counter – Rs. 50/- per transaction (including taxes)
  • any Other Payment channel – Rs. 50/- 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 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

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
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
 
 
 
 
 
 
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?
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.

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