News Details
Press Release Date: 11/11/2019
Headline: Announcement : Biometric Verification of Bank Accounts of Overseas Pakistanis
Detail:

<span style='font-size:12.0pt;line-height:107%;font-family:"Times New Roman",serif'>Biometric Verification of Bank Accounts of Overseas Pakistanis


<span style='font-size:12.0pt; line-height:107%;font-family:"Times New Roman",serif'>In this regard, SBP has already exempted overseas Pakistanis from biometric verification requirement by permitting banks to utilize NADRA Verisys instead of biometric verification.

<span style='font-size:12.0pt; line-height:107%;font-family:"Times New Roman",serif'>2.         The instructions issued vide SBP’s BPRD Circular Letter No. 16 dated June 03, 2019 provide the alternate to biometric verification under which non-resident Pakistani/ overseas Pakistani customers can provide reasonable evidence/ proof regarding their residency status (i.e copy of Valid Passport, Visa, CNIC, NICOP, etc) to their bank for operating their accounts (copy enclosed).

<span style='font-size:12.0pt; line-height:107%;font-family:"Times New Roman",serif'>3.         These instructions have again been reemphasized vide SBP letter dated October 7, 2019 and banks have been advised to ensure compliance and extend maximum facilitation to overseas Pakistanis. Nevertheless, any specific complaint against any bank which fails to facilitate overseas Pakistanis in compliance with aforementioned instructions can be reported to SBP for timely resolution, at the below contact details:

<span style='font-size:12.0pt;font-family:"Times New Roman",serif'>            Postal Address:           The Director, Banking Conduct & Consumer Protection Department,

<span style='font-size:12.0pt; line-height:107%;font-family:"Times New Roman",serif'>                                                State Bank of Pakistan, I.I. Chundrigar Road, Karachi.

<span style='font-size:12.0pt; line-height:107%;font-family:"Times New Roman",serif'>            E-mail Address:          <span style='font-size:12.0pt;line-height: 107%;font-family:"Times New Roman",serif'>cpd.helpdesk@sbp.org.pk<span style='font-size:12.0pt;line-height:107%;font-family:"Times New Roman",serif'>

<span style='font-size:12.0pt; line-height:107%;font-family:"Times New Roman",serif'>            Help Line:                   0092-21-111-727-273

<span style='font-size:12.0pt; line-height:107%;font-family:"Times New Roman",serif'>            Fax:                             0092-21-99221160











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