SBP reduces cheque clearing time in bid to curb spread of COVID-19

0
5

SBP ISLAMABAD: The State Bank of Pakistan has reduced the time to clear a cheque, in order to limit person-to-person interaction, the institution said on Saturday. In a circular, the SBP said that according to the new instructions the payee (person depositing the cheque) can now deposit the cheque directly into the drawee’s bank, instead of their own branch.

NO COMMENTS