State Bank of Pakistan Public Notice – Unclaimed Deposits (Section 31)

Issuer: State Bank of Pakistan.

Purpose: Public notice regarding unclaimed deposits maintained under Section 31 of the Banking Companies Ordinance, 1962. The notice refers to treatment of deposits that have not been claimed or acknowledged by the creditor for extended periods.

Legal / cutoff reference: The notice references the Banking Companies (Amendment) Act, 2004, and states that, up to December 31, 2009, unclaimed deposits with ten years of account inactivity are covered.

Action / contacts: Account holders, banks or claimants are advised to contact their bank or the State Bank field offices for information. Field offices of the SBP Banking Services Corporation are listed for the cities Karachi, Lahore, Peshawar, Quetta and Islamabad. Contact numbers provided: Tel: (021)-50221172; Fax: (021)-50221123.