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ATM money withdrawal restrict: SBP points clarification

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ATM cash withdrawal limit: SBP issues clarification

KARACHI: Responding to social media rumours, the State Financial institution of Pakistan on Saturday mentioned that it has not issued any directive concerning the ATM money withdrawal restrict and termed these experiences as “fake”.

In a press release 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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