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Saturday Jan 23 2021
By
Web Desk

ATM withdrawal limit not restricted to Rs1,000, clarifies State Bank

By
Web Desk
A representative image.
  • The central bank clarifies that it has not restricted cash withdrawal limit.
  • The SBP says it does not put any limit on ATM withdrawal limit, banks decide about such limits.
  • Social media users were claiming that they are receiving messages from banks about the cash withdrawal limit. 


KARACHI: 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 central bank issued the clarification 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.