Sri Lanka Deposit Insurance Coverage Calculator

The calculator applies the compensation rule of the Sri Lanka Deposit Insurance Scheme (SLDIS), administered by the Central Bank of Sri Lanka (CBSL). The scheme protects depositors of member institutions if the Central Bank cancels an institution's licence. Depositors pay no premium; member banks and finance companies fund it. The single number that drives every calculation is the maximum compensation: Rs 1,100,000 per depositor per institution, raised from Rs 600,000 by the Monetary Board.

The word “per depositor per institution” is the part people miss. The Central Bank adds up all the deposits you hold at one institution — savings, current and fixed accounts, in any currency — and insures the combined total up to the limit. Opening ten accounts at the same bank does not give you ten times the cover. Using ten separate member institutions does.

For each institution row, the tool computes:

1. insured = min(balance, Rs 1,100,000) — the scheme pays at most the limit, so anything up to it is protected.
2. uninsured = max(0, balance − Rs 1,100,000) — the excess above the limit is not guaranteed. It ranks as an ordinary claim in the liquidation and is recovered only if assets remain.

It then totals the insured and uninsured amounts across every institution, divides insured by total to get the percentage of your savings protected, and runs a full-coverage optimiser: minInstitutions = ceil(totalDeposits ÷ Rs 1,100,000). That is the fewest separate member institutions your total could be spread across so no single holding tops the limit. As a cross-check, the tool also derives the insured figure a second way — balance minus the uninsured excess — which is algebraically identical to the min() form, so the two always agree to the rupee.

Membership is by category, not a fixed name list: all Licensed Commercial Banks, Licensed Specialised Banks, and Licensed Finance Companies are members. Because the list of licensed institutions changes, this tool states the categories and links to the CBSL rather than maintaining a name list that could go stale. Foreign-currency deposits are covered up to the rupee equivalent of the limit, so enter them as their LKR equivalent. This is an educational estimate, not financial or legal advice; the limit and rules are set by the Central Bank and can change.

• Central Bank of Sri Lanka — Deposit Insurance FAQ (limit, per-depositor rule, coverage)
• CBSL — Increase of the Maximum Compensation Payment under the SLDILSS (Rs 600,000 → Rs 1,100,000)
• CBSL — Sri Lanka Deposit Insurance Scheme (scheme overview, membership, funding)
• Banking (Special Provisions) Act No. 17 of 2023 — resolution & compensation framework

The coverage limit and rules on this page were last cross-checked against the CBSL Deposit Insurance FAQ on 2026-07-10. The page is reviewed whenever the Central Bank revises the maximum compensation or the list of eligible deposits. This is an educational estimate, not financial or legal advice.