About the Bank - Remittance Facilities in Pakistan   

   Remittance Facilities in Pakistan

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  1. The following remittance facilities are at present available :-
  1. For the General Public:--
  1. Telegraphic Transfers and Bank Drafts for transfers between places where the State Bank has its own offices or is represented by its National Bank agencies will be issued without limit at the following rates:
Over Rs. 5,000/00 00.03% (minimum Rs. 3/00)
Upto Rs. 5,00/00 00.06%
Minimum Exchange:--
Telegraphic Transfers Re 1/00
Drafts Re 0/25

    Actual telegram charges will be charged in addition.

  1. Telegraphic Transfers and Bank Drafts for transfers to and from places where the State Bank is represented by Treasury Agencies, will be issued at the rates shown in 1A(1) above, but subject to the following restrictions:

The maximum drawings for each form of remittance on any one day, which, may not be exceeded without the express sanction of the Currency Officer, will be as follows:

At or on a Sub-Treasury Rs. 25,000/-

. . . .

At or on a Treasury (not being

Sub-Treasury ) except on the

State Bank . . . . . . Rs. 1,00,000/-

At a Treasury on the State Bank . . without limit.

Drawings will not be subject to any minimum

B. For the Scheduled Banks:--

  1. A Scheduled Bank is entitled to remit money by Drafts, Mail and Telegraphic Transfers between its accounts at the offices and agencies (other than Treasury Agencies) of the State Bank as follows:--
  1. In multiples of Rs, 1,000/00 between its accounts at the offices and branches of the State Bank, free of charge, subject to a minimum remittance of Rs. 10,000/00.
  2. Twice a week sums in multiples of Rs. 1,000/00 from any place where there is an agency (other than Treasury Agency) of the State Bank to any account which it maintains with the State Bank, such remittances being permitted
    to each of its offices, branches, sub-offices, pay offices free of charge, subject to a minimum remittance of Rs. 5,000/00.
  3. Other remittances to an account which it maintains with the State Bank from any place where there is an agency (other than Treasury Agency) of the Bank at a charge of 00.02 per cent subject to a minimum of Re.1/00.
  4. All remittances through the State Bank or its agencies (excepting Treasury Agencies), other than those covered by (a), (b) and (c) above, in farvor of itself at the following rates:

    Upto Rs. 5,000/00 . . 00.03%

    (minimum Re. 1/00)

    Over Rs. 5,000/00 . . 00.02%

    (minimum Rs. 1/50)

    Actual telegram charges will be charged in addition.

  5. Telegraphic Transfers, Mail Transfers and Drafts through the State Bank and its agencies including Treasury Agencies will be issued, subject to the limits on drawing on Treasury Agencies, at the following rates:--
  1. Favoring itself or other banks including Co-operative Banks and Societies at the rates laid down in item 1(d) above,
  2. Favoring other parties:__

    Upto Rs. 5,000/00 . . 00.06%

    (minimum Re. 1/00)

    Over Rs. 5,000/00 . . 00.03%

    (minimum Rs. 3/00)

    Actual telegram charges will be charged in addition.    

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