SBP re-launches SMS Short Code service for fresh currency notes

June 16, 2017
By: Samaa Web Desk
Published in Economy, Pakistan

notes

KARACHI: In order to meet the public demand for fresh currency notes the State Bank of Pakistan Banking Services Corporation (SBP BSC) re-launched the SMS Short Code based service (8877) for issuance of fresh currency notes on the occasion of this Ramzan as well from June 12, 2017.

The service has been made available through a network of 1002 e-branches of banks in 120 cities and 16 field offices of SBP BSC across Pakistan.

According to a press release of the State Bank of Pakistan, 1.6 million individuals have obtained booking code out of which around 40% have received fresh cash from the above branches against surrender of exchange value.

“Given the capacity of the bank branches to handle customers, we expect that the service will reach its maximum limit of bookings in few days and further bookings will be not possible thereafter.

“The general public is apprised that the booking service will be closed after reaching its maximum limit, expected by end of June 20, 2017 and as such no booking code will be issued thereafter,”read the press release.

The press release further said that that 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 by State Bank.


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Story first published: 16th June 2017

 
 

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