| |
|
 |
| For business information, annual reports, laws, ordinances, regulations and articles. |
|
|
|
030326
STATE BANK OF PAKISTAN BANKING SUPERVISION DEPARTMENT KARACHI
BSD Circular Letter
No.4
March 26, 2003
The Presidents/Chief Executives
All Banks/ DFIs / NBFCs
Dear Sirs/Madam,
CIB SERVICE CHARGES
As you are aware the State Bank of Pakistan has made its CIB facilities online from 25th February 2003. The CIB service charges currently recovered from banks/DFIs/NBFCs were fixed in July 1998 and need to be revised to meet the operating costs of CIB. Therefore, it has been decided to revise the CIB service charges as follow:
| i) Per Report Charges: | Rs 100/- |
| ii) Per Search Charges: | Rs 5/- |
|
iii) Login Session
Charges: First 15 minutes More than 15 minutes |
|
| Rs 0.25/minute | |
| Rs 1/ minute. | |
| v) Hard copy report generated by SBP on the request of member financial institutions, when due to technical reasons they are unable to access the online facility. | Rs 150/report. |
The above charges shall
be effective from 1st May, 2003.
2) Furthermore, all those Banks, DFIs and NBFCs, which are currently not
maintaining an account with the State Bank, are also advised to open a current
account with SBP BSC (Bank) Karachi by 30th April, 2003 and maintain a minimum
balance of Rs 10,000/- in the said account to facilitate recovery of CIB service
charges on monthly basis.
Please acknowledge receipt.
Yours faithfully,
(Jameel Ahmad)
Director