In the eve of Eid, the State Bank of Pakistan (SBP) has temporarily suspended services charges on deposit of re-issuable balance with SBP Banking Services Corporation. According to FD Circular Letter No 4/2018, the State Bank as on Aug 26, 2015 levied some 0.12 percent service charges on the banks against deposit of re-issuable balance with SBP BSC office or National Bank of Pakistan (NBP) chest branches.
However, now in order to facilitate the banks in managing the excess liquidity, consequents to large volume of withdrawals on the eve of Eid, the State Bank has decided to temporarily suspended 0.12 percent services charges on deposit of re-issuable balance with SBP BSC office or National Bank chest branches. Accordingly, banks can deposit re-issuable balance with SBP BSC office or NBP chests without levy of 0.12 services charges on deposit of re-issuable balances till September 30, 2018. Other all instructions on the subject will remain unchanged.
Comments
Comments are closed for this article.