Friday, September 30, 2022

SBP receives 2.4 million SMS for fresh currency notes

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ISLAMABAD: The State Bank of Pakistan has received as many as 2.4 million requests from across the country for the issuance of fresh currency notes. 

The SBP introduced a SMS service for acquiring fresh currency notices from June 1 to June 14 for Eidul Fitr.

People were asked to send from their cell phones SMSs containing their CNIC/smart card numbers along with the codes of bank branches to 8877 to get new currency notes.

The SBP and Pakistan Banks Association had set up SMS short code service for those who intend to get fresh currency notes.

According to reports, this massive response to the SMS service was result of increasing awareness among the public through social media.

The SMS service was launched on May 31 and arrangements were made at 1535 branches in 132 cities as compared to 1018 branches designated in 120 cities for last Eid-ul-Fitr in 2017.

Apart from this SMS service, banks may continue to provide fresh notes to their customers from their branches and ATMs as sufficient quantity is being provided to them.

The total booking limit of 2.7 million customers has also been increased this year by 50 per cent as compared to 1.8 million last year.

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