RTGS & SLIPS

RTGS

Real Time Gross Settlement System (RTGS) is widely being used by our branch network to transfer funds to other banks as per customer's requests.

RTGS is a Fund Transfer mechanism between Banks on real time basis.

The  RTGS system has so many security features and international standards for risk control.

Procedures

Request should be submited with the specimen format introduced by BOC

If fax & email indeminity is submited, the request can be made through fax or email.

SLIPS

BOC provide SLIPS (Sri Lanka Interbank Payment System) payment facility provides the opportunity to transfer Employee Salaries, dividend payments, other bank loan repayment, fund transfers, other payments in Srilankan Rupees to another Rupee account in BOC or any other bank using the local clearing network in Sri Lanka securely and safely, within a few seconds.

Procedures

Emailing file should be forwarded which was prepared according to the given standard format & request letter should be submited

 

 

General

  • Less Paper Work
  • Speedier Settlement
  • Cost Saving
  • High Productivity
  • Manpower Savings
  • Greater flexibility and convenience
  • Reduce disputes, inquiries, late settlement, accounting work and reconciliation of books of companies

 

RTGS

  • Electronic and computer based fund transfer and settlement system.
  • Customers will benefit through this system because of the speedy and safer fund and securities transfer mechanism
  • Any individual or business enterprise desires to make a quick payment to another party - Transactions are settled on Real Time Gross basis
  • Payment can be done by cheque, the settlement of payment has to be routed through the cheque clearing system.

 

SLIPS

  • Any LKR payment to any bank in Sri Lanka
  • No need to get risk to carrying physical cash to depositing in banks
  • Transaction can be performed by using BOC Internet banking
  • Maximum transaction limit LKR 5.00 Million (per transaction)
  • If transaction performed before 11.30 a.m. transaction will be effected on the same day
  • If transaction performed before 5.00 p.m. transaction will be effected on next working day

For RTGS

1000/-  per transfer

 

For SLIPS

By diskettte (text file) Rs.15/- for each credit item in the list (minimum Rs.75/- per diskette & minimum number of transaction should be 05)

 

Funds Transfer (internal)

Free of Charge