KARACHI: The State Bank of Pakistan will use the large network of over 10,000 branches of commercial banks for distribution of fresh currency notes to the general public during Ramazan.
The SBP Banking Services Corporation has made elaborate arrangements for the supply of adequate quantity of fresh currency notes, particularly of small denominations (Rs10 to Rs100) to commercial banks depending upon their branch network.
According to SBP here on Monday, the branches of commercial banks will issue only one packet each of Rs10 and Rs20 per person to the visiting general public/account holders from August 1, 2012 till the last working day before Eidul Fitr (or until the stock ends) on presentation of original Computerised National Identity Card along with the photocopy of it for record.
Banks’ branches, however, may also issue a maximum of five packets each of Rs10 and Rs20 denomination fresh notes to their corporate clients on receipt of request on the company’s letterhead duly signed by the authorised representative.—APP