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050414
STATE BANK OF PAKISTAN - BANKING POLICY DEPARTMENT
BPD Circular No. 16 of 2005
April 14, 2005
Presidents/CEOs/MDs,
All Banks/DFIs
Dear Sirs/Madam,
RATES OF RETURN ON DEPOSITS
In continuation of BPD circular No.20 of 2003, it is clarified that banks/DFIs
may offer different rates of return to their depositors/investors in the same
category. However, banks/DFIs should follow the principles of openness, fairness
and prohibition of discrimination based on ethnicity, region, religion, sex,
age, profession and marital status while offering the rates of return on
deposits and while pricing the loans to their customers.
The instructions contained in BCD Circular No. 6 of 1979 are withdrawn with
immediate effect.
Yours faithfully,
Sd/-
(Muhammad Ashraf Khan)
Senior Joint Director
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