Accordingly, the coverage per-depositor per-institution will be increased from Rs. 200,000 to Rs. 300,000, with effect from 1st January 2015.

The Regulations on the revised insurance cover has been published in Gazette Extraordinary No. 1891/11 of 02 December 2014 under the citation "Sri Lanka Deposit Insurance and Liquidity Support Scheme Regulations, No. 1 of 2014".

SLDILSS was established in October 2010 in the interest of the overall financial system stability of the country to protect depositors from failure of financial institutions and thereby to promote the stability of financial institutions by maintaining depositor-confidence.

It is operated and managed by the Monetary Board of the Central Bank of Sri Lanka.