New Currency Notes Booked by 3 Million People on this Eid-ul-Fitr
As many as three million people have booked new currency notes using the SMS services of State Bank of Pakistan (SBP) on 8877 ahead of Eid-ul-Fitr.
These currency notes will be provided to these customers at the designated branches in coming days however the SMS service has been suspended for this year after receiving an overwhelming response from the public.
The total booking limit was also increased this year to 3 million customers as compared to 2.7 million customers limit last year. However, the total capacity of the system is limited by the number of customers that the e-branches can accommodate each day.
Accordingly, the new bookings have been closed as the service has exceeded its limit of 3 million customers. However, the issuance of fresh currency notes for the already issued booking codes will continue until the last day of the service i.e. May 31, 2019, subject to transaction code’s validity.
The service was launched on May 19, 2019, against arrangements made at 1718 designated ‘e-branches’ in 142 cities as compared to 1535 branches in 132 cities last year.
It should be noted that apart from this SMS service, banks may continue to provide fresh currency notes to their customers from their branches and ATMs as sufficient quantity is being provided to them by SBP.