The
Presidents/Chief Executives
All Banks/ DFIs / NBFCs
Dear
Sirs/Madam,
CIB
SERVICE CHARGES
As you are aware the State Bank
of Pakistan has made its CIB facilities online from
25th February 2003. The CIB service charges
currently recovered from banks/DFIs/NBFCs were fixed in
July 1998 and need to be revised to meet the operating costs
of CIB. Therefore, it has been decided to revise the CIB
service charges as follow:
i)
Per Report Charges:
Rs 100/-
ii)
Per Search Charges:
Rs 5/-
iii)
Login Session Charges:
First
15 minutes
Rs 0.25/minute
More
than 15 minutes
Rs 1/ minute.
iv)
Hard copy report generated by SBP on the request
of member financial institutions, when due to
technical
reasons they are unable to access the online
facility.
Rs 150/report.
The
above charges shall be effective from 1st May,
2003.
2)
Furthermore, all those Banks, DFIs and NBFCs,
which are currently not maintaining an account with the
State Bank, are also advised to open a current account with
SBP BSC (Bank) Karachi by 30th April, 2003 and
maintain a minimum balance of Rs 10,000/- in the said account
to facilitate recovery of CIB service charges on monthly
basis.
Please acknowledge receipt.