- Offices
and Branches of the National Bank will have discretion to
sell at lower rates to the public but Treasury Agencies
will invariably charge full rate.
-
These
oncession rate will be granted only to:-
-
Indigenous
Bankers.—
The State Bank will request Provincial Government to submit
their recommendations regarding the names of the Indigenous
Bankers The Bank will consider these recommendations and
will thereafter draw up a list, which will be circulated
to all offices of the State Bank, all offices and branches
of the National Bank and all Treasury Agencies for guidance.
-
For
the purpose of these concession rates, Non-Scheduled Banks
will be treated in the same manner as Indigenous Bankers.
An approved list of Non-Scheduled Banks will be circulate
with the approved list of Indigenous Bankers.
-
Co-operative
Banks and Societies.—
Formed and functioning under the Co-operative Societies
Act, for the time being in force in the Provinces or in
Pakistan States.
-
Exchange
charged in remittances under the following heads will
be credited to Exchange Accounts at the office of issue:--
(A)
Paragraph 2A(5), 2B(5), 2C(4).
(B)
Paragraph 3A(5), 3B(4).
-
Exchange
charged in remittances under the following heads will
be collected by Treasury Agencies at the rates shown herein,
and will be credited to the State Bank through the accounts
of the Provincial Accountants General:--
(A)
Paragraph 5A(4) and 5C(4).
APPENDIX
IV
Rates
for Government Drafts
- Intra-Provincial
transfers at par.
- Extra-Provincial
transfers:--
| Upto
Rs, 5,000/00 |
00.03% |
| |
(minimum
Re. 0/25 in case |
| |
of
Government Drafts). |
| |
|
| Over
Rs. 5,000/00 |
00.02% |
| |
(minimum
Rs. 1/50) |
In
addition, telegram charges will be charged.
Note:---(1)
Drafts are marked in the right hand top-corner "Intra-Provincial
or Extra-Provincial" as the case may be.
Note:---(2)
These charges will not apply to remittances granted to the
Federal Government (including Military Department) which will
continue to be effected at par as heretofore and will be treated
as Intra-Provincial remittances.
Note:---(3)
Local
Funds for charges to be levied in Local Remittances refer
to paragraph I(E)(1)(f).
Note:---(4)
Remittances
on Government Account will ordinarily be made by means of
Government Drafts but in cases of extremes urgency the State
Bank or where the State Bank does not conduct Government business
the National Bank or Treasury Agencies will arrange for remittances
by telegraphic Transfer at par within the province on payment
of the cost of telegrams.
Extra-Provincial
remittance by Telegraphic Transfer will charged for at the following
rates:-
|
Upto
Rs. 5,000/00 . . |
00.03%
|
|
|
(minimum
Re. 1/00) |
|
|
|
|
Over
Rs. 5,000/00 |
--.-2%
|
|
|
(minimum
Re. 1/50) |
- Drafts
to be issued for a minimum amount of Rs.25/- except in special
circumstances such as Sepoy’s remittances, remittances
of the surplus of the estates of deceased person’s and
the property of the deserters subject to the Pakistan Army
Act.
- 2.
State Bank Government’ Drafts will be drawn under the
following heads and exchange on Extra-Provincial drawings
at the rates shown in paragraph IB of this Appendix will be
credited to Exchange Account at the office of issue:--
- (A)
Paragraph 2A(6) 2B(6) 2C(7)
- (B)
Paragraph 4B(1)
- National
Bank ‘Government’ Drafts will be drawn under the
following heads, and exchange on Extra-Provincial drawings
will be credited to Exchange Account at the office of issue:--
- (4)
Paragraph 4A(1)
- State
Bank ‘Government’ Drafts will be drawn under the
following heads, and exchange will be collected by Treasury
Agencies and credited to the State Bank through the accounts
of the Provincial Accounts General:-
- (A)
Paragraph 5A(5), 5B(5), 5C(5).
|
