The State Bank of Pakistan (SBP) will issue fresh currency notes to the general public from June 1 to exchange with old ones for Eid-ul-Fitr celebrations, the central bank’s spokesman confirmed on Tuesday.
According to the banking source, the currency notes will be issued from 1st June to 14th June. The spokesman Abid Qamar said that a separate press release will be issued in coming days for disclosing more details to the public on this service.
The SBP in collaboration with Pakistan Banks Association (PBA) set up SMS short code 8877 for issuing fresh currency notes.
A person intending to get new currency notes would send a message to 8877 along with his CNIC number and branch code of selected bank. The system will respond with sending transaction number and branch address.
How to Get Fresh Currency Notes
The process can be read here to avail fresh currency notes from banks branches:
Charges of sending an SMS to 8877 are Rs. 1.5 (plus tax)
Under the SMS service, each CNIC number and Mobile phone number can only be used once. No transaction code will be issued to senders if they send same CNIC/smart card number from different mobile numbers or addresses.
A help desk has also been established at (021)- 111-008-877 to entertain queries/complaints of the general public.
The subscriber would have to present his original CNIC at the time of receiving fresh currency notes. Each subscriber can exchange and get three packets of Rs10, and each package of Rs. 50 and Rs. 100.
This facility will be available at 1,535 commercial bank branches and SBP offices located in 132 cities.
Last year, fresh currency notes of Rs. 342 billion were released by the central bank. The response had been overwhelmed from the public as a large number of people sent their requests and a section of the majority could avail fresh currency notes of various denominations from designated banks branches.
The process can be read here to avail fresh currency notes from banks branches.