To contain the spread of the coronavirus, the State Bank of Pakistan (SBP) has asked banks to waive charges on any online fund transfers. SBP has instructed banks to waive all charges on fund transfers through online banking channels such as inter-bank fund transfer. They will also not incur any cost in case of using ATMs or visiting bank branches to transfer large amounts and can avoid the use of cash.

Institutions have been told to run awareness campaigns through different channels to educate customers on the use of internet banking or mobile phones, limit use of currency notes and restrict branch visits.

Source: Bank Alfalah, Inflics, Samaa