PESHAWAR, Feb 8: The Bank of Khyber (BoK) on Friday launched Khyber Rupee Travellers Cheques (KRTCs) of Rs5,000, Rs10,000 and Rs50,000 denominations.

The Bank, said its managing director Sajid Ali Abbasi, in his address of welcome, would introduce Rs100,000 denomination KRTC in the near future in view of the encouraging response the travellers cheques received from the business community.

Highlighting the achievements recorded by the BoK during the last year in terms of improving financial health of the public sector bank, Abbasi hoped that BoK would be able to come up with more better results at the close of the Bank’s current financial year.

The KRTCs, he said, could be encashed easily at all the branches the BoK had across the country and that maximum care had been taken to ensure security through tele-verification system the Bank had evolved to check validity of cheques through telephone and fax.