RECORDER REPORT

KARACHI: State Bank of Pakistan’s fresh currency notes service has received overwhelming public response as 1.3 million individuals have booked new currency notes through this service.

In order to meet the public demand for fresh currency notes on the occasion of Eidul Fitr, 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 Ramazan as well i.e. from 2nd Ramazan, 2016.

The service has been made available through a network of 500 e-branches of banks in 116 cities and 16 field offices of SBP BSC across Pakistan.

The SBP is pleased to inform the general public that so far around 1.3 million individuals have obtained booking code out of which around 55 percent have received fresh cash from the above branches against surrender of exchange value.

This service has once again attracted overwhelming response of the general public. Consequently, a number of e-branches touched their maximum booking limit well before expectations. However, to accommodate more people, the maximum limit for those e-branches has been revised upward.

Members of general public are requested to refrain from texting messages to 8877. The SBP and SBP BSC acknowledged the role of commercial banks and general public in making this initiative successful in 116 cities across the country.