Clearing/Collection Services
Deposit of instruments
All BOP branches are online as such cheques/instruments can be deposited at any BOP branch for clearing/collection, irrespective of the city/region. The instruments drawn on BOP branches shall be credited instantly upon realization of proceeds, whereas instruments drawn on other Banks shall be lodged in outward clearing as under:
Clearing of instruments
BOP is offering following types of clearing services:
1.Same day clearing
List of BOP Designated Branches for Same day Clearing
- Any Instrument of any amount is acceptable for lodgment in Same day Outward Clearing.
- Instruments can be deposited at any branch authorized for same-day clearing on normal working days as well as on Saturday, if it is a Saturday opened Branch; however such instruments shall be lodged on next working day..
2.Overnight/Normal clearing
3.Intercity clearing
Summarized View
(“T” is the day on which the instrument is deposited with BOP)
General Instructions.
As per directions from State Bank of Pakistan, it is the responsibility of customer to follow below instructions:
1. Customer should fill out the particulars on cheques/deposit slips preferably in black/blue ink.
2. Amount in words and figures should be clearly written, and any alteration/cutting/overwriting thereon or on the deposit slip, should be authenticated by means of affixing signatures as per SS Card submitted to Bank.
3. Applying scotch tape across face of the instruments is strictly prohibited.
4. The date on cheques should be properly written using format ddmmyyyy.
5. Safe custody of cheque book is primary responsibility of accountholder, so customer should immediately report to bank in the event of loss/theft of any cheque leave or the entire cheque book along with stop payment instructions.
6. Instrument returned in outward clearing should be collected within 72 hours.
Clearing Operations