Circulars/Notifications - Banking Supervision Department  
 BSD Circular Letter No. 23
September 28, 2001  

The Chief Executives,
All Scheduled Banks

Dear Sirs,

BRANCH LICENCING POLICY

 

Please refer to para 7 of BSD Circular No.11 dated 17th March, 2001 wherein the banks were allowed to open booth(s) for collection of cash or for making spot payments on account of the activities as stipulated in para 7(i) of the aforesaid circular.

 2. It has now been decided to amend the para 7(i) of BSD Circular No. 11 dated 17th March, 2001 as under: -

 “7(i) Receiving utility bills, Government dues/revenue/cash, collection of fee/dues of educational institutions, receiving cash from patients of hospitals, visa fee or other related cash receipt functions on the recommendations of the concerned Government Departments / institutions.”

 3.         Please acknowledge receipt.



Yours faithfully,
(Muhammad Kamran Shehzad)
Joint Director
       
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