{"id":66856,"date":"2020-06-19T10:10:08","date_gmt":"2020-06-19T05:10:08","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=66856"},"modified":"2020-06-19T10:10:10","modified_gmt":"2020-06-19T05:10:10","slug":"sbp-announces-suspension-service-charges-deposits-banks","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/sbp-announces-suspension-service-charges-deposits-banks.html","title":{"rendered":"SBP announces suspension of service charges on deposits by banks"},"content":{"rendered":"\n<p>Islamabad: The State Bank of Pakistan (SBP) recently announced the suspension of the 0.12% service charges on the deposit of re-issuable balances at SBP Banking Services Corporation Offices or the National Bank of Pakistan-Chests Branches \u2014 a news source reported.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/ecc-approves-sbp-scheme-preventing-layoffs-workers.html\" target=\"_blank\" rel=\"noreferrer noopener\">ECC approves SBP scheme for preventing layoffs of workers<\/a><\/p>\n\n\n\n<p>According to the details shared by the central bank, the move is expected to help the banks in managing excess liquidity as a result of the large number of withdrawals due to the recent Eid holidays and the ongoing coronavirus pandemic. This suspension in service charges will remain in place for a year \u2014 until June 30, 2021.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/sbp-banks-organise-meet-to-identify-finances-mortgage-facilities-for-nphp-developments.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP, banks organise meet to identify finances, mortgage facilities for NPHP developments<\/a><\/p>\n\n\n\n<p>In a related development Governor SBP Dr Reza Baqir had held a meeting with the banks on Wednesday. The meeting discussed the measures introduced by the Naya Pakistan Housing and Development Authority \u2014 with housing finance one of the major discussions of the session. Dr Baqir had urged the banks to look favourably towards housing finance since it remained underutilised in the country and could prove critical to Pakistan\u2019s economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The State Bank of Pakistan (SBP) recently announced the suspension of the 0.12% service charges on the deposit of re-issuable balances at SBP Banking Services Corporation Offices or the National Bank of Pakistan-Chests Branches \u2014 a news source reported. Read: ECC approves SBP scheme for preventing layoffs of workers According to the details shared by the central bank, the move is expected to help the banks in managing excess liquidity as a result of the large number of withdrawals due to the recent Eid holidays and the ongoing coronavirus pandemic. This suspension in service charges will remain in place for a year \u2014 until June 30, 2021. Read: SBP, banks organise meet to identify finances, mortgage facilities for NPHP developments In a related development Governor SBP Dr Reza Baqir had held a meeting with the banks on Wednesday. The meeting discussed the measures introduced by the Naya Pakistan Housing and Development Authority \u2014 with housing finance one of the major discussions of the session. Dr Baqir had urged the banks to look favourably towards housing finance since it remained underutilised in the country and could prove critical to Pakistan\u2019s economy.<\/p>\n","protected":false},"author":57,"featured_media":64432,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[32198,32199],"persona":[],"class_list":{"0":"post-66856","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-sbp-announces-suspension-of-service-charges-on-deposits-by-banks","9":"tag-sbp-service-charges","10":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SBP suspends service charges on deposits by banks - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The State Bank of Pakistan (SBP) recently announced the suspension of the 0.12% service charges on the deposit of re-issuable balances at SBP Banking Services Corporation Offices or the National Bank of Pakistan-Chests Branches \u2014 a news source reported.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/sbp-announces-suspension-service-charges-deposits-banks.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBP suspends service charges on deposits by banks - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The State Bank of Pakistan (SBP) recently announced the suspension of the 0.12% service charges on the deposit of re-issuable balances at SBP Banking Services Corporation Offices or the National Bank of Pakistan-Chests Branches \u2014 a news source reported.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/sbp-announces-suspension-service-charges-deposits-banks.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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