The Presidents / Chief Executive Officers

All Banks / Financial Institutions

Dear Sir / Madam,

Guidelines on Standardization of Payment Orders and Demand Drafts

2. Please refer to PSD’s Circular No. 4 dated November 4, 2015 on the subject matter.
3. In view of banks’ requests for exemption to print watermark in security stationery of Payment Orders and Demand Drafts, it has been decided to extend the deadline for printing of Bank’s logo or name as watermark on the instruments till December 31st, 2016.
4. All other instructions issued earlier will remain unchanged.
5. Please acknowledge receipt.