Pakistan central bank limits free online transfers to 25,000/month ...palestine

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Pakistan central bank limits free online transfers to 25,000/month
The State Bank of Pakistan has limited free interbank fund transfers to Rs25,000 a month, it announced Wednesday. In March 2020, the SBP had advised banks and other service providers to offer free-of-cost IBFT services to customers regardless of the transaction size. The decision was taken to cope with the extraordinary situation of lockdowns amid the Covid-19 pandemic. The central bank noted that the Covid-19 situation has improved significantly and it now allows relaxation in mobility restrictions while following proper SOPs.  It said it reviewed the current IBFT pricing mechanism in this backdrop and made some changes to ensure that free-of-charge IBFT services are provided

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