KARACHI: State Bank of Pakistan (SBP) has taken notice of the banks that are unwilling to facilitate prize bonds holders.
In a statement, the SBP stated, “It has been observed that commercial banks have not been extending the desired level of support to their customers in availing the facility on payment of prize money and face value of National Prize Bonds through their bank branches.”
The SBP added, “Efforts shall be made to increase the number of designated branches for the subject facility so as to enhance the outreach and ensure adequate geographic coverage.”
According to the SBP, the information about the availability of this facility shall be prominently displayed on the banks’ official website. It will also be placed on the premises of the designated branches for information of the general public.
Customer service officials would facilitate customers on the availability of this facility in their respective branches.
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