Sri Lanka, Jan. 10 -- In a recent public notice on social media, the Central Bank reiterated that depositors in licenced commercial and specialised banks and licenced finance companies are automatically insured under the Sri Lanka Deposit Insurance Scheme (SLDIS), administered by the Central Bank.
The Central Bank informed the public via the notice that if the financial licences of any of any financial or banking institutions are cancelled, compensation will be paid up to a maximum of Rs. 1.1 million per depositor, per institution for eligible deposits. The equivalent will be provided in Sri Lankan Rupees for foreign currency deposits. Moreover, joint account holders will be treated separately, with each account holder eligible for compens...