SBP re-introduces SMS Short Code service for fresh currency notes

SBP re-introduces SMS Short Code service for fresh currency notes

Karachi (Web Desk): 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.

According to details, the service is re-launched in order to meet demand of people for fresh currency notes on the occasion of this Eid ul Fitar as well from June 12, 2017.

The service has been made available through a network of 1002 e-branches of banks in 120 cities and 16 field offices of SBP BSC across Pakistan.

The State Bank of Pakistan, 1.6 million individuals have obtained booking code out of which around 40% have received fresh cash from the above branches against surrender of exchange value, a press release revealed.

“Given the capacity of the bank branches to handle customers, we expect that the service will reach its maximum limit of bookings in few days and further bookings will be not possible thereafter.

“The general public is apprised that the booking service will be closed after reaching its maximum limit, expected by end of June 20, 2017 and as such no booking code will be issued thereafter,”read the press release.

Further, the press release said, apart from this SMS service banks may continue to provide fresh notes to their customers from their branches and ATMs as sufficient quantity is being provided to them by State Bank of Pakistan.