ATM withdrawal limit not restricted to Rs1,000, clarifies SBP

The State Bank of Pakistan (SBP) on Saturday clarified that it has not restricted ATM cash withdrawal limit to Rs,1000.

In a statement on Twitter, the SBP said it categorically rejects the false message making rounds on social media attributing to it that ATM cash withdrawal limit is restricted to Rs1,000.

“SBP does not put any limit on ATM withdrawal limit. Banks decide about such limits,” it added.

The clarification came after social media users claimed that they are receiving messages from their banks that the cash withdrawal has been restricted by the SBP.

“Dear customer, as per State Bank of Pakistan directions, ATM cash withdrawal limit is restricted to 1000 PKR from 0000 hrs 23 Jan 21 to 0800 hrs 31 Jan 21,” read a message shared on Twitter.

- Advertisement -
- Advertisement -

Must Read

Debt, Climate, and Moral Hazard

Pakistan has an external debt of more than US$ 99.9 billion, of which US$ 9.2 billion is owed to the Paris Club, and roughly...