BPD Circular Letter No.46 of 2004

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041127

STATE BANK OF PAKISTAN - BANKING POLICY DEPARTMENT

BPD Circular Letter No. 46 of 2004
November 27, 2004

The Presidents/Chief Executives,
All Banks/DFIs.

Dear Sirs/Madam,

CLARIFICATION-DEPOSIT MOBILIZATION SCHEMES

Please refer to BPD Circular Letter No.39 dated 19th October 2004 on the captioned subject.

2. In para 2 lines 6 & 7 the words ‘indicative expected rate of return’ may please be substituted and read as ‘annualized rate of expected return’.

3. All other instructions on the subject shall, however, remain unchanged

Yours faithfully,

Sd./-
(Muhammad Ashraf Khan)
Senior Joint Director