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Circulars

Payment of Fees through Real Time Gross Settlement (RTGS)

December 05, 2017
3854

The Chief Executives of all

Exchange Companies and

Exchange Companies of ‘B’ Category

Dear Sirs / Madam,

Payment of Fees through Real Time Gross Settlement (RTGS)

  1. Attention of all Exchange Companies and Exchange Companies of ‘B’ Category is invited to instructions contained in Para 3 Chapter 2, Para 7 Chapter 4, Para 6 (ii) and 15 (iii) Chapter 8 of Exchange Companies Manual – 2016 and other related instructions related to payment of fees to State Bank through pay order/bank draft.
  2. In order to streamline the payment procedure through more efficient electronic payment mechanism, it has been decided that, henceforth, Exchange Companies and Exchange Companies of ‘B’ Category shall deposit the fees in following RTGS Clearing Accounts through bank(s):
Sr. No. Fee Description RTGS Clearing Account Number
1 Renewal of License of Exchange Company and Exchange Company of ‘B’ Category 427516
2 In-Principle approval for Annual Network Expansion Plan to establish new outlets by Exchange Company 427517
3 Substitution of outlet location in approved Annual Network Expansion Plan by Exchange Company
4 Relocation of outlet of Exchange Company and Exchange Company of ‘B’ Category
  1. Further, while submitting their requests for the above, Exchange Companies and Exchange Companies of ‘B’ category shall, interalia, provide relevant deposit/payment receipt(s) issued by bank(s) as evidence of having paid the applicable fees.
  2. All other instructions on the subject shall remain unchanged.

Yours sincerely,

Fazal Mahmood
Director