SBP counters: Special counters for fresh notes
SBP decides to set up special counters at 150 designated branches of commercial banks.
APP
July 05, 2014
Less than a minute read
KARACHI:
The State Bank of Pakistan has decided to set up special counters at 150 designated branches of commercial banks to facilitate issuance of fresh currency notes to the public during Ramazan and Eidul Fitr. The process will commence from July 16, 2014 under the supervision of the officials of the SBP BSC. The 150 designated branches will be in addition to the large network of commercial bank branches for which additional fresh currency notes of small denomination will be issued by the field offices. The branches of commercial banks/microfinance banks will issue one packet each of Rs10, Rs20, Rs50 and Rs100 to the visiting general public/account holders. To ensure efficient and transparent issuance by commercial bank branches, issuance to general public / account holders will be made on presentation of original CNIC and a copy to be provided for bank’s record.
Published in The Express Tribune, July 5th, 2014.
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