Regulatory Alerts2025-09-24
Procedures for Depositing and Transferring Salaries and Subsidies
The Saudi Central Bank issued this circular to mandate all domestic banks and financial institutions to ensure the timely deposit and transfer of government salaries and subsidies without delay. The directive requires banks to verify technical and operational readiness, escalate internal issues promptly, notify the Central Bank of any deposit delays before 11:00 AM on the same day, and submit detailed transaction reports within three working days. These new procedures supersede Circular No. 41043218 dated 22/06/1441 AH and establish standardized communication protocols via the Saudi Electronic Funds Transfer System.
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