🏦 Nation Lanka Finance Depositor Payouts Begin 1 August 📈

• Compensation Limits: Eligible insured depositors will receive compensation up to Rs. 1.1 Mn per depositor under the Sri Lanka Deposit Insurance Scheme (SLDIS). • Payment Mechanism: Payouts will be handled through designated branches of People’s Bank via over-the-counter cash payments, crediting existing accounts, or opening new accounts. • Regulatory Context: The Central Bank of Sri Lanka (CBSL) cancelled Nation Lanka Finance PLC’s license effective 3 July 2026 under the Banking (Special Provisions) Act. • Claim Submission: • Depositors with People’s Bank accounts holding aggregate deposits below Rs. 5,000 can submit claims electronically. • All other eligible depositors must submit forms with original certificates and ID proof at designated branches. • Joint holders must submit separate claims; authorised Power of Attorney holders can act on behalf of absent depositors. • Compensation claims are allowed until 2 July 2032.