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December 9, 2019
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Business Pakistan

335 E-branches set up by SBP for fresh currency notes

ISLAMABAD: State Bank of Pakistan (SBP) has set up 335 “E-Branches” in 92 cities across the country having sophisticated mobile connectivity through SMS based service seeking to facilitate masses for obtaining fresh banknotes on the event of Eid-ul-Azha, Propakistani reported.

The e-branches are mainly online branches having most advanced features of transferring and monitoring of funds by the management of respect banks.

The issuance of fresh currency notes to the general public through Mobile SMS service will commence from today, September 14, 2015.

Under this facility, a person will be required to send an SMS message comprising his/her CNIC/Smart Card number along with desired bank branch code [e.g. CNIC Number (space) branch code] to 8877.

The alphas numeric branch codes of nominated e-branches are available at SBP website www.sbp.org.pk and PBA website www.pakistanbanks.org. In return, the person will get SMS containing his/her transaction code, branch address and transaction validity date.

This transaction code will be valid for a maximum of two working days. The person will approach concerned bank branch along with his/her original CNIC/Smart Card and short code received from 8877 and get the defined quota of fresh notes.

It may be mentioned here that the quota of fresh notes to be issued comprises of two packets of Rs.10/- and one packet of Rs.50/- with an optional packet of Rs. 100/- as per availability of stock with the concerned branch. It is also notified that a person can get fresh notes quota only once from his mobile phone number using his CNIC/Smart card number during the service period.

The charges for these services are Rs. 2/- plus tax, therefore, people are advised to avail the facility only once since additional SMS will only add to their cost. For any complaint, the general public may call at SBP helpline at 021-3245-5470, 021-3245-5125, 051-9270754, 051-9271999, 042-99214424, 042-99210401-10 Ext:2265.