In
order to further enhance the payment transfer facilities
through PRISM System, it has been decided to allow multiple
credit transfers (using MT 102) for 3rd party transfers
with immediate effect, subject to following terms and conditions:
1.
The lower value limit for each credit transfer in MT 102
shall be PKR 100,000.
2. Maximum 10 payment instructions are allowed to be sent
through one MT 102 message.
3. The transaction time and charges for each payment instruction
within a single MT 102 will be as follows:-
Days |
Timings |
Charges
(PKR) |
Monday
to Friday
|
9:00AM
to 4:30 PM |
25/-
per instruction- |
4.
All inclusive transaction charges recovered by banks/DFIs
from their customers for each payment instruction sent using
MT 102 shall not exceed Rs 50/-.
However,
MT 103 may continue to be used for 3rd party time critical
single credit transfers attracting charges as outlined in
PSD circular letter no. 5 dated October 14, 2011.
All
PRISM Direct Participants are further advised to ensure
compliance with the Customer Transfer Guidelines, Payment
Systems and Electronic Fund Transfers Act 2007, PRISM Operating
Rules, 2009 and all other applicable SBP rules and regulations
including those related to KYC and AML/CFT.
All
other instructions on the subject shall, however, remain
unchanged.
Please acknowledge receipt.