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050107
STATE BANK OF PAKISTAN - BANKING POLICY DEPARTMENT
BPD Circular Letter No. 02
January 07, 2005
Presidents/ Chief Executives,
All Scheduled Banks,
Dear Sirs/Madam,
CLARIFICATION-SERVICE CHARGES ON PLS DEPOSIT ACCOUNT
Please refer to BPD Circular No. 23 dated July 4, 2003 on the captioned subject.
2. It has been decided to
substitute, with immediate effect, Para 3 of the above Circular with the
following:
“Banks are further directed that accounts maintained by (i) Students; (ii)
Mustahiqueen of Zakat; and (iii) employees of Government/ Semi-Government
institutions for salary and pension purposes including widows/ children of
deceased employees eligible for family pension/ benevolent fund grant etc. shall
be exempted from levy of service charges in any manner whatsoever.”
3. All other instructions on the subject shall, however, remain unchanged
4. Please acknowledge receipt.
Yours faithfully,
Sd/-
(Muhammad Ashraf Khan)
Sr. Joint Director
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