Please
refer to Regulation O-3 of Prudential Regulations for
Corporate/Commercial banking, in terms of which banks/DFIs
are required to reconcile/clear outstanding entries in
Inter Branch Accounts and Suspense Account within 30 days
from the date the entry is made in the said accounts.
2.
It has been decided that the requirement of reconciliation/clearance
within thirty days shall not be applicable to the premium
on Crop Loan Insurance Scheme (CLIS) receivable from Government
of Pakistan (GoP). The outstanding amount shall, however,
be reconciled/cleared immediately on reimbursement of
premium amount from the GoP.
3.
All other instructions on the subject shall, however,
remain unchanged.
4. Please acknowledge receipt.