FAKE NEWS ALERT: SBP issues ATM withdrawal limit

KARACHI: There is a fake news circulating on social media regarding State Bank of Pakistan (SBP) issuing an ATM withdrawal limit of Rs. 1,000.

However, the State Bank of Pakistan (SBP) has rejected the “false message making rounds on social media, attributing to it that ATM cash withdrawal limit is restricted to Rs. 1,000.”

“SBP does not put any limit on ATM withdrawal limit.” the State Bank of Pakistan continued in its tweet while mentioning that such limits are decided by the banks themselves.

Read more: Monetary Policy Committee maintains policy rate at 7pc.

It is pertinent to mention that the message being circulated stated that the State Bank of Pakistan (SBP) had placed an ATM withdrawal limit of Rs. 1,000 was placed from January 21 till January 31, 2020.

Some people even reported receiving the fake message through SMS as shown below:

Read more: Dollar Rate in Pakistan – Daily Updates.

Follow INCPAK on Facebook / Twitter / Instagram  for update.