KARACHI: The State Bank of Pakistan (SBP) on Saturday categorically rejected rumours about putting a cap on ATM cash withdrawal.
The central bank in a couple of tweets clarified that “false message making rounds on social media, attributing to it that ATM cash withdrawal limit is restricted to Rs. 1,000” are baseless.
“SBP does not put any limit on ATM withdrawal limit. Banks decide about such limits,” read the official statement.
2/2 SBP does not put any limit on ATM withdrawal limit. Banks decide about such limits.
— SBP (@StateBank_Pak) January 22, 2021
The SBP issued the clarification after a message stating “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” ran rife on social media.