Banks to remain closed for Zakat deduction

Banks to remain closed for Zakat deduction

KARACHI: Banks to remain closed for public dealing on Monday due to deduction of Zakat.

The State Bank of Pakistan (SBP) in a statement said that it will remain closed for public dealing on Monday, April 27, 2020, which shall be observed as “Bank Holiday” for the purpose of deduction of Zakat.

All banks / DFIs / MFBs shall, therefore, remain closed for public dealing on Monday, April 27, 2020.

However, all employees of the banks / DFIs / MFBs will attend to their official assignments (in-office or work-from-home, as designated under the current COVID-19 situation) on Bank Holiday treating it as a normal working day (except for public dealing).

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