Just like the last year, State Bank of Pakistan has again brought its SMS service for issuance of currency notes on this Eid. As Ramadan has started, the demand for new currency notes is increasing. According to the religious custom, these new currency notes will be distributed as eidi among young ones and poor. State Bank of Pakistan has already provided fresh currency notes to commercial banks. Apart from this, SBP has also introduced an SMS service that enables you to avoid long queues and get the work done by just sending a text.
State Bank of Pakistan (SBP) has launched the service in collaboration with Pakistan Bank Association (PBA). The service will be provided 500 e-branches in 116 cities during Ramadan 2016. Currently, the service is in experimental stage. It will be extended to other cities soon.
To avail this service, you need to know e-branch ID of your nearest bank. You can obtain e-branch ID from here. Now, simply send CNIC<space>e-branch ID code to 8877. Afterwards, you will receive an SMS consisting of redemption code, e-branch address and redemption branch validity date. The redemption code will be valid for two working days. Now, just visit the respective branch and provide the redemption code along with your original CNIC. You will be given bundles of new currency notes of Rs. 10, Rs. 20, Rs. 50 and Rs. 100 depending on the stock.
State Bank of Pakistan has set up a fixed quota of currency notes to be issued to each person. This quota consist of:
Here are the terms and conditions for this State Bank of Pakistan service:
For more information, you can call at SBP helpline i.e. 111-008-877. Don’t forget to add 042 for Punjab, 021 for Sindh and Balochistan and 051 for KPK, GB and AJK. Click on social sharing link below to share this story with your friends!