The Central Bank of Sri Lanka (CBSL) was established by the Monetary Law Act ( MLA) of 1949 with capital appropriated from the Board of Commissioners of Currency and commenced operations on August 28, 1950. The CBSL is at the apex of Sri Lanka’s financial system and is responsible for safeguarding both the value of the Sri Lankan Rupee and the country’s financial system.
Bank Code And Branch Code are three digits numerical codes used to identify an individual branch of a financial institution or a bank in Sri Lanka. To make money transfer, the branch code and bank codes are used together with the bank account number of the recipient. branch code and bank codes are regulated by CBSL (Central Bank of Sri Lanka).
A bank code is a code assigned by a central bank, a bank supervisory body or a Bankers Association in a country to all its licensed member banks or financial institutions. The rules vary to a great extent between the countries. Also the name of bank codes varies. In some countries the bank codes can be viewed over the internet, but mostly in the local language.