SBP re-launches SMS service for new currency notes

State BANK SMS Service

The State Bank of Pakistan (SBP) has re-launched SMS service for the issuance of fresh currency notes to the public.

The distribution will be made through the SBP’s subsidiary, the SBP Banking Services Corporation (SBP BSC).

The fresh notes will be available from designated commercial bank branches called “e-branches” and the 16 field offices of the SBP BSC. The issuance of fresh currency through mobile SMS service will commence from June 12 and continue till June 23, 2017.

The service will be provided through 1,000 e-branches in 120 cities across Pakistan to ensure maximum geographical coverage. The charges for the service are Rs1.50 plus tax per SMS.

Under this facility, a person may send an SMS message comprising his/her 13-digit CNIC/Smart Card number along with the desired e-branch ID to short code 8877.

The branch IDs of designated e-branches are available at the SBP website, Pakistan Banks Association (PBA) website and commercial banks’ websites. They will also be displayed prominently outside designated e-branches.

In return, the person will receive an SMS containing redemption code, e-branch address and the code validity period. The redemption code will be valid for two working days as per mentioned dates in the SMS.

The customer may then approach the e-branch concerned along with his/her original CNIC/Smart Card, a photocopy of the CNIC/Smart Card and the transaction code received from 8877 to obtain fresh currency notes.

An individual can obtain three packets of Rs10 and one packet each of Rs50 and Rs100 as per availability of stock.

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