The State Bank of Pakistan (SBP) has revised format for reporting of surrendering of unclaimed deposits/instruments. According to SBP's CPD Circular Letter No 2 of 2013, issued on Monday, keeping in view the difficulties faced by banks/DFIs in uploading the unclaimed deposits/instruments' data for the year 2012 separately, it has been decided to revise the format, combining variables of both Annexure A&D on Data Acquisition Portal-4 (DAP4) in a consolidated form.
Accordingly, all banks/DFIs will henceforth provide requisite data as per revised format. The details of the unclaimed instruments favouring federal & provincial governments will also be provided in the same format by April 15 or by next working day if the due date happened to be a holiday, each calendar year.