Swarnamahal Financial Services to repay 50% of remaining deposits | Page 2 | Sunday Observer

Swarnamahal Financial Services to repay 50% of remaining deposits

7 February, 2021

Following the order issued by the Central Bank to resume the business of Swarnamahal Financial Services PLC (SFSP) for a limited time on a conditional basis, only for the purpose of repayment up to fifty percent of the remaining fixed deposits in the Company (repayment plan) under the supervision of the Panel of Management appointed by the Monetary Board, SFSP has taken measures to implement such plan. 

Payment of fifty percent of the remaining value of the deposits of SFSP, after deducting 30% repayment already made and the eligible compensation under the Sri Lanka Deposit Insurance and Liquidity Support Scheme, began on February 3.

SFSP has made the following arrangements:

1. Repayments will be made only at the head office branch of SFSP at No. 5, R. A. de Mel Mawatha, Colombo 4, from 9.00 a.m to 4.00 p.m on allocated dates.

 2. Depositors will be informed of the instructions to be followed through letters and telephone calls by SFSP. 

3. The depositors are requested to come to the head office cranch, on the allocated dates relevant to the respective branches with the following documents:

• Original/s of the Fixed Deposit Certificate/s and Savings Account Pass Book/s.

• The National Identity Card or any other acceptable identity document (Passport, Driving Licence).