The Chief Executives,
All Banks,
Dear Sirs / Madam,
REVIEW
OF INSTRUCTIONS ON SERVICE CHARGES
ON PLS DEPOSIT ACCOUNTS
Please refer to BPD Circular No. 23 dated July 04, 2003
on the above subject.
2. In terms of para 3 of the aforesaid circular, banks were
directed to exempt the accounts maintained by Students,
Mustahiqueen of Zakat, Government / Semi Government Employees
for salary / pension purpose from the levy of service charges
in any manner whatsoever. However, it has been noted from
the schedule of charges of some of the banks and complaints
received from different quarters that banks are still levying
the service charges on salary / pension accounts of Government
/ Semi Government employees in one form or the other (e.g.
salary disbursement charges etc). Such circumvention of
SBP’s instructions has been viewed with concern.
3. All banks are warned to refrain from such practices and
avoid recovering of service charges on salary / pension
account holders of the above categories in any form whatsoever.
Banks are also directed to immediately remove such service
charges from their schedule of charges and reimburse the
service charges already recovered, if any, on above categories.
A confirmation to the same be sent to SBP within 15 days
from the date of issue of this circular letter.