Please
refer to BPD Circular No. 36 dated
3rd December, 2002 on the branch licencing policy
2.
In view of the representations received from the banks and
for the ease of the accountholders, it has been decided to
allow deposit/collection of cheques & cash through Automated
Teller Machines (ATMs). The para 3 of the attachment to BPD
Circular No. 36 dated December 03, 2002 relating to ATMs has
therefore been substituted as under: -
“3.
For the installation of Automated Teller Machines (ATMs),
banks shall follow the instructions given below.
(a)
While the banks are free to install Automated Teller Machines
(ATMs) within branch (onsite) premises for deposit of cash/cheque(s)
and withdrawal of cash, they are also allowed to install off-site
ATMs for dispensation of cash only. Each banking company in
this regard shall only submit a quarterly statement regarding
installation of ATMs, within 7 days from the end of each quarter
to Banking Policy Department. However, for the purpose of
extending the facility of deposit of cash and cheque(s) in
off-site ATMs, banks are required to obtain prior permission
in writing from SBP in terms of the provisions of Banking
Companies Ordinance, 1962. SBP will endeavour to give permission
within three working days from the date of receipt of such
request(s) from the bank(s).
(b)
Before extending the facility of cash & cheque deposits
through ATMs to the customers, banks must develop and put
in place a well defined procedure, including resolution of
disputes in this regard and forward a copy of this to SBP
for information.
(c)
A suggested process for cash/cheque deposits in the ATMs and
its ultimate credit to the customer’s account is enclosed
(Annexure-I). The banks may, however, add more steps/measures
for cash/cheque deposits to further strengthen the process.
(d)
Banks shall ensure proper security at off-site ATMs to avoid
any incidents of snatching, robbery, dacoity etc.”
3.
All other instructions contained in BPD Circular No. 36 dated
3rd December, 2002 shall remain unchanged.
4.
Please acknowledge receipt.
Encl:
- as above
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