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APPENDIX V
Limits
to drawings by Telegraphic Transfers , Bank Drafts
and Government Drafts
1.
Telegraphic Transfers, Bank Drafts, Mail Transfers and Government
Drafts drawn by and on offices of the State Bank and office
and branches of the National Bank having Currency Chest facilities
may be issued without restriction as to amount. The term branches
of the National Bank includes "Sub-branches".
2.
In other cases Telegraphic Transfers, Bank Drafts and Government
Drafts may be issued to the following extent for each form
of remittance on any one day:--
| at
or on a Sub-Treasury . . |
Rs.
25,000/00 |
| at
or on a Treasury (not being |
| |
| a
Sub-Treasury) except on the |
| |
| State
Bank . . |
Rs.
1,00,000/00 |
| at
a Treasury on the State Bank |
Without
limit |
3.
At a place where the branch of the National Bank has not full
Currency Chest facilities, or is not conducting Government
business, Telegraphic Transfers State Bank Drafts and State
Bank ‘Government’ Drafts drawn on or by an office
or agency of the State Bank will be drawn by or on the Treasury
Agency at such place and National Bank ‘Government’
Drafts will not be issued.
Note:--Sub-Offices
of the National Bank having limited Currency Chest facilities
(i.e. Treasury Pay Office) will not draw State Bank Remittances,
nor will they be drawn upon. The remittances will be drawn
by or on the Treasury Agencies at such places, but the cash
and clerical work in connection herewith will be transacted
by the Treasury Pay Offices of the National Bank on the orders
of the Treasury Officers in Charge of the Treasury Agencies.
- Drawings
will not be subject to any minimum except in the case of Government
Drafts, which will be for a minimum amount of Rs. 25/- except
in special circumstances, vide Paragraph 1(C) of Appendix
IV.
5.
The limits laid down for drawings on Treasury Agencies may
not be exceeded without the express sanction of the Currency
Officer of the area in which the drawing office is situated.
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APPENDIX
VI
Accounting
procedure to be followed in respect of drawings on
and by Offices and Branches of the National Bank
1.
Drawings under Paragraph 2B, 5B.
Telegraphic
Transfers, Drafts and Mail Transfers for the public, Scheduled
Banks, Indigenous Bankers etc, and Government Drafts:--
A.
The drawing office will advise the branch of the National
Bank in the usual manner. On presentation of the instrument,
payment will be made to the debit of National Bank Central
Accounts Section. At the close of the day all drawings will
be listed on a schedule and forwarded to National Bank Central
Account Section, together with an advice of the total debits
passed in respect thereof.
B.
National Bank Central Accounts Section will respond to the
total debit received by them each day by debit to the State
Bank on Principal Account, and will list and forward the
relative schedules, with supporting vouchers, to State Bank
Central Accounts Section.
C.
The drawing office will credit the total amount of its daily
drawings to State Bank Central Accounts Section, under advice,
accompanied by a schedule giving the under noted particulars
drawing:--
(1)
Place drawn upon.
(2)
Nature of drawing (T.T. Draft, M.T., Government Drafts.)
(3)
Serial number (in case of T.Ts the name of the beneficiary
will be
given).
(4)
Exchange (for Treasury Agencies only).
(5)
Amount.
-
State
Ban, Central Accounts Section will respond by credit to
Remittance Clearance Account.
- The
credit balance of Remittance Clearance Account will agree
with the total amount of drawings outstanding in the schedules
referred in sub-para D above.
- The
State Bank will pay the National Bank each half year commission
on the total of the enactment schedules forwarded by them
at the rate laid down in paragraph 4(a) of the Agreement
between the State Bank of Pakistan and National Bank of
Pakistan.
2.
Drawings under paragraphs 3B and 4B:
State
Bank "Government" Drafts, Telegraphic Transfers
and Drafts for the public, Scheduled Banks and Indigenous
Bankers etc.
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