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اردو

Feb 02, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Print Print 2021-09-24

Unclaimed deposits: SBP-BSC given operational functions

KARACHI: The State Bank of Pakistan (SBP) has announced realignment of function for unclaimed deposits. According ...

Recorder Report Published September 24, 2021

Karachi: The State Bank of Pakistan (SBP) has announced realignment of function for unclaimed deposits.

According to a circular issued on Thursday, the SBP has decided to transfer all operational functions related to unclaimed deposits under Section 31 of Banking Companies Ordinance, 1962 to the SBP Banking Services Corporation (SBPBSC) with effect from October 1, 2021.

Corporate/commercial banking: SBP includes credit firm in Annexure-I of PRs

These include surrendering of unclaimed deposits by banks/ DFIs, making information about surrendered deposits public, processing of applications for refunds of such deposits, etc.

Accordingly, SBP has advised all Banks/DFIs to submit all applications related to refund of unclaimed deposits to the Director, Accounts Department, SBPBSC, Karachi with effect from October 01, 2021.

SBP

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USD PKR Interbank Buying / Jan 31	278.88
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