National bank: Over 1,200 branches become online
Customers can deposit and withdraw cash from any of the 1,000 online branches through inter-branch transaction.
KARACHI:
The National Bank of Pakistan (NBP) has announced that 1,250 branches of the bank have become online out of a countrywide network of 1,270 branches. According to a press release, NBP says its IT division has been able to meet this uphill task in a short span of 10 months. With 98% of the branch network going online, NBP says, people living in remote areas will benefit the most. Through online facility, customers holding an account at any online branch can deposit and withdraw cash from any of the 1,000 online branches through inter-branch transaction, debit/ATM card can be issued to all customers of online branches with centralised account opening, Know Your Customer (KYC) and better control and compliance. NBP President Qamar Hussain said it required a very industrious effort to bring that number to 1,250 as back in June 2011 the bank only had 250 branches online.
Published in The Express Tribune, May 1st, 2012.
The National Bank of Pakistan (NBP) has announced that 1,250 branches of the bank have become online out of a countrywide network of 1,270 branches. According to a press release, NBP says its IT division has been able to meet this uphill task in a short span of 10 months. With 98% of the branch network going online, NBP says, people living in remote areas will benefit the most. Through online facility, customers holding an account at any online branch can deposit and withdraw cash from any of the 1,000 online branches through inter-branch transaction, debit/ATM card can be issued to all customers of online branches with centralised account opening, Know Your Customer (KYC) and better control and compliance. NBP President Qamar Hussain said it required a very industrious effort to bring that number to 1,250 as back in June 2011 the bank only had 250 branches online.
Published in The Express Tribune, May 1st, 2012.