{"id":63054,"date":"2020-03-21T10:06:00","date_gmt":"2020-03-21T05:06:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=63054"},"modified":"2020-07-15T12:43:15","modified_gmt":"2020-07-15T07:43:15","slug":"spb-instructs-banks-waive-online-transaction-charges","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/spb-instructs-banks-waive-online-transaction-charges.html","title":{"rendered":"SBP instructs banks to waive online transaction charges in a bid to stop viral spread"},"content":{"rendered":"\n<p>Karachi: The State Bank of Pakistan (SBP) on Wednesday, has issued directions for all commercial banks to waive off the online transaction charges in a bid to encourage people to stay indoors in the wake of coronavirus infection outbreak, according to news sources.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/sbp-shares-details-interest-rate-reductions.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"SBP shares details on interest rate reductions (opens in a new tab)\">SBP shares details on interest rate reductions<\/a><\/p>\n\n\n\n<p>The state bank has issued instructions for the banks to waive off online transaction fees they charge from consumers for using online banking channels like Inter Bank Fund Transfer (IBFT) and SBPs Real Time Gross Settlement System for customers during COVID-19 pandemic. <\/p>\n\n\n\n<p> <strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/banks-auction-properties-without-court-decrees.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Foreclosure Law: LHC re-allows banks to auction properties without court decree (opens in a new tab)\">Foreclosure Law: LHC re-allows banks to auction properties without court decree<\/a><\/p>\n\n\n\n<p>This is one of the cautionary steps taken by the <a rel=\"noreferrer noopener\" aria-label=\"SBP (opens in a new tab)\" href=\"https:\/\/www.zameen.com\/news\/sbp-instructs-banks-offer-paypak-cards-customers.html\" target=\"_blank\">SBP<\/a> to meet the challenge of the coronavirus infection. The official statement reads that \u2018this step will enable the people to conduct their transactions without having to visit the bank or use the ATM\u2019. Banks have also received directions to facilitate consumers in use of the online banking and ensure safety of their funds.<\/p>\n\n\n\n<p>Furthermore,\nthe SBP has also directed banks to be more efficient in the provision of 24\/7\ninstant customer support services via call centres and helplines. The finance\nindustry has also been instructed to accommodate educational charges and loan\ninstalments through internet\/mobile banking. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The State Bank of Pakistan (SBP) on Wednesday, has issued directions for all commercial banks to waive off the online transaction charges in a bid to encourage people to stay indoors in the wake of coronavirus infection outbreak, according to news sources. Read: SBP shares details on interest rate reductions The state bank has issued instructions for the banks to waive off online transaction fees they charge from consumers for using online banking channels like Inter Bank Fund Transfer (IBFT) and SBPs Real Time Gross Settlement System for customers during COVID-19 pandemic. Read: Foreclosure Law: LHC re-allows banks to auction properties without court decree This is one of the cautionary steps taken by the SBP to meet the challenge of the coronavirus infection. The official statement reads that \u2018this step will enable the people to conduct their transactions without having to visit the bank or use the ATM\u2019. Banks have also received directions to facilitate consumers in use of the online banking and ensure safety of their funds. Furthermore, the SBP has also directed banks to be more efficient in the provision of 24\/7 instant customer support services via call centres and helplines. The finance industry has also been&hellip;<\/p>\n","protected":false},"author":75,"featured_media":60434,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[23819,23820,23818],"persona":[],"class_list":{"0":"post-63054","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-atms","9":"tag-commercial-banks","10":"tag-state-bank-of-pakistan-sbp-on-wednesday","11":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SPB instructs banks to waive online transaction charges - Zameen News<\/title>\n<meta name=\"description\" content=\"State Bank of Pakistan (SBP) on Wednesday, has issued directions for all commercial banks to waive off the online transaction charges\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/spb-instructs-banks-waive-online-transaction-charges.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SPB instructs banks to waive online transaction charges - Zameen News\" \/>\n<meta property=\"og:description\" content=\"State Bank of Pakistan (SBP) on Wednesday, has issued directions for all commercial banks to waive off the online transaction charges\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/spb-instructs-banks-waive-online-transaction-charges.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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