Circulars/Notifications - Consumer Protection Department  
 CPD Circular Letter No. 1 of 2013
January 16, 2013 

The Presidents/Chief Executives
All Banks/DFIs

Dear Sirs/Madam,

Surrendering of Unclaimed Deposits/Instruments for the Year 2012

Please refer to BPD Circular No 07 dated July 21, 2006 and subsequent instructions issued vide BPRD Circular Letter No. 16 dated May 27, 2009 and CPD Circular No. 03 of June 30, 2012 on the captioned subject.

2. It has been decided that henceforth the banks/DFIs shall provide unclaimed deposits/instruments data for Pak Rupee (PKR) and Foreign Currencies (FCY) as per formats circulated vide BPRD Circular Letter No. 16 of May 27, 2009. Similarly, unclaimed instruments data favoring federal/provincial governments shall also be provided separately as per revised format. The banks/DFIs shall submit requisite data in database format (DBF) files through Data Acquisition Portal-4 (DAP4) within thirty days after the close of each calendar year.

3. The banks/DFIs shall surrender to the State Bank an amount equal to the amount of unclaimed PKR & FCY deposits/instruments and instruments in favour of federal & provincial governments, duly including interest, if any, in accordance with the terms of the debt or instrument by April 15, or by next working day if the due date happened to be a holiday, each calendar year along with a list of unclaimed deposits/instruments as per procedure defined for the purpose.

4. Other instructions on the subject shall remain unchanged.

5. Any irrelevant/inconsistent information in violation of the provision of law and laid down procedure shall attract penal provision of the law.

Please acknowledge receipt.

Enclosure: Annexure-D


Yours faithfully,


(Syed Imran Ali)
Senior Joint Director

       
Home
About SBP
Publications
Economic Data
Press Releases
Circulars/Notifications
Laws & Regulations
Monetary Policy
Help Desk
SBP Videos
Feedback
Contact us
What's New?
Speeches
Online Tenders
Web Links

Educational Resources
Regulatory Returns
Library
Rupey ko Pehchano
Events
Zahid Husain Memorial Lecture
Careers
Sitemap
 
Best view Screen Resolution : 1024 * 768
Copyright © 2016. All Rights Reserved.