Circulars/Notifications - Payment System Department  
 PSD Circular Letter No: 05/ 2011
October 14, 2011 

The Presidents/Chief Executives
All RTGS Direct Participants

Dear Sirs/Madam,

Cut-off Timings for Settlement in PRISM System


Consequent upon declaration of five days working week and revised banking hours notified vide BPRD Circular No. 11 dated 14th October, 2011, cut-off timings for settlement in PRISM System have also been revised as under w.e.f. 17th October, 2011:

Days
Timing
Charges (PKR)
 Settlement Timings for Interbank Funds Transfer
Monday to Friday
9:00 a.m. to 5:00 p.m.
(Interbank Funds Transfer)
200/-

5:00 p.m. to 5:30 p.m.
(SBP Transactions & Clearing Returns)

N/A
 Settlement Timings for Customer Transfers
Monday to Friday
9:00 a.m. to 2:00 p.m.
200/-
2:00 p.m. to 3:30 p.m.
300/-
3:30 p.m. to 4:30 p.m.
500/-

Please acknowledge receipt.

 

Yours faithfully

Sd/-

(Zafar Iqbal)
Director

 
       
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