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ATM withdrawal restrict not restricted to Rs1,000, clarifies State Financial institution

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A consultant picture.
  • The central financial institution clarifies that it has not restricted money withdrawal restrict.
  • The SBP says it doesn’t put any restrict on ATM withdrawal restrict, banks resolve about such limits.
  • Social media customers have been claiming that they’re receiving messages from banks concerning the money withdrawal restrict. 

KARACHI: The State Financial institution of Pakistan (SBP) on Saturday clarified that it has not restricted ATM money withdrawal restrict to Rs,1000.

In an announcement on Twitter, the SBP mentioned it categorically rejects the false message making rounds on social media attributing to it that ATM money withdrawal restrict is restricted to Rs1,000.

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

The central financial institution issued the clarification after social media customers claimed that they’re receiving messages from their banks that the money 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,” learn a message shared on Twitter.

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