BUSINESS

SBP Launches SMS Service To Obtain Fresh Currency Notes

The State Bank of Pakistan through its subsidiary SBP Banking Services corporation has launched the SMS Service for the issuance of Fresh Currency notes to the General Public.

As Pakistanis are fond of obtaining fresh currency notes on the Eve of Eid ul Fitr to distribute them among Children as Eidee.

According to the Bank Sources, Fresh Currency notes will be available from designated Commercial Bank Branches called "E- Branches" and the 16 field offices of the SBP BSC on the occasion of Eid ul Fitre.

The issuance of Fresh Currency through the mobile SMS service will commence from June 1 and continue till June 14.

The service will be provided through fifteen hundred and thirty five E-Branches in one hundred and thirty two cities across Pakistan to ensure maximum geographical coverage.

Charges for the service are 1.50 rupees plus tax per SMS.

The Branch IDS of designated E-Branches are available on the websites of the SBP, Pakistan Banks' Association and Commercial Banks.

Under this facility, a Person may send an SMS comprising their 13-digit CNIC and smart card number along with the desired
E-Branch ID to short code 8877.

In return, the Person will receive an SMS containing the redemption code, E-Branch
Address and the code validity period.

The redemption code received by the customer will be valid for two working days as per the mentioned dates in the SMS.

The Customer may approach the concerned E-Branch along with their original CNIC and smart card, a photocopy of the CNIC or smart card and the transaction code received from 8877 to obtain fresh Currency Notes.

An individual can obtain three Packets of 10 Rupees and one packet each of 50 Rupees and 100 Rupees as per the availability of
Stocks.

Each CNIC or smart card number or mobile phone number can only be used once.

No transaction code will be issued to the sender in case they send the same CNIC or smart card number from different mobile numbers or send different CNIC or smart card numbers from the same mobile number.