Please
refer to BPRD Circular No.35 dated the 27th October,
1999.
With a view to encourage the banks to make use of the ATM,
it has been decided to substitute the existing Prudential
Regulation No. XV on the captioned subject as under :-
"Banks
are prohibited from under-taking any business of cash payment
at any place other than the authorized place of business except
through the installation of Automatic Teller Machine (ATM).
Banks desirous of installation of ATM or sharing of ATM facilities
with other banks at places other than authorized one for providing
the facility of cash withdrawals may now do so without
taking prior approval of the State Bank. Banks shall ,however,
be requested to give 15 days advance intimation to the State
Bank of Pakistan and in case the State Bank does not convey
any reservation on the same during the said 15 days period,
it shall be deemed to have approved the same."
Please
acknowledge receipt.
|