SBP Allows Banks to Open Selected Branches on May 27 to Facilitate Public

State Bank of Pakistan (SBP) allowed banks to open their selected branches on May 27, 2020 in order to facilitate public.

The central bank on Wednesday said that in order to ensure the availability of limited banking services to public at large during the extended holidays on the occasion of Eid-ul-Fitr, it has been decided that banks / MFBs may open their selected branches on Wednesday, May 27, 2020 at their own discretion in various business centers / commercial hubs etc. across Pakistan.

However, it may be noted that RTGS System and Clearing through NIFT will not be available on the above-mentioned date.

Accordingly, NIFT will collect Financial Instruments from branches on Thursday, May 28, 2020 for clearing purposes.

For this purpose, banks / MFBs should ensure the deployment of minimal number of staff necessary to carry out smooth working at their selected branches on the above date.

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