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          | PSD Circular  
            Letter No. 06 of 2016 |  
          Sep 09, 2016  |   
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                    The Presidents/Chief ExecutivesAll Commercial Banks, MFBs and NIFT,
 Dear Sir / Madam
                      
                      
 
 Special Instructions for Clearing of Financial Instruments
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                    Please  refer to BPRD Circular Letter No. 29 dated 5th September 2016 regarding  opening of Banks’ Branches on Saturday, September 10, 2016.  2. In this regard, the  following modus-operandi has been decided for collection of Financial  Instruments from Banks’ Branches:  
                    The branches of Commercial Banks and Micro Finance Banks  will accept Financial  Instruments from their customers on 10th September 2016 for Normal and  Intercity Clearing only.
 
NIFT will collect Financial Instruments  from Banks’ Branches on September 10, 2016. 
 
Subsequently, NIFT will process these  Financial Instruments collected in Normal Clearing Cycle on next business day  i.e. September 15, 2016 (Thursday).
 
Intercity Clearing will be processed as  per existing practice.
 
No Same-Day Clearing would be processed  on September 10, 2016. 3. Please acknowledge receipt.                                                                                                  |   
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                         Yours sincerely, Sd/-
 (Syed Sohail Javaad)
 Head of Department
 
 
 
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