State Bank of Pakistan has advised the Commercial banks not to charge more than Rs 50/- per month as service charges from account holders on maintaining below than minimum monthly average balance. It has also been noted that some of the commercial banks are also charging additional FED from their account holders which is against the given instructions. The total charges deducted should not be more than Rs 50/- inclusive of all charges. The banks should devise their procedures keeping in view the relevant provisions of Banking Ordinance 1962. All other instructions /advice given by State bank shall remain valid while dealing such issues.

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