Karachi: The State Bank of Pakistan (SBP) has allowed banks/development finance institutions (DFIs) to open accounts on the basis of National Database and Registration Authority’s (NADRA) receipt/token in case of expired Computerized National Identity Cards (CNICs).
With a view to facilitating the general public, it has been decided to allow the opening of account on the basis of attested copies of NADRA receipt/token and expired CNIC, provided all other requirements of account opening under Prudential Regulation M-1 are complied with, says BPRD Circular Letter No. 20 of August 29, 2011.
However, banks /DFIs shall obtain copies of renewed CNICs of such customers within three months of the opening of accounts, the circular letter said, adding that for CNICs which expire during the course of the customer’s banking relationship, banks/DFIs are advised to make use of system alerts and regularize their accounts as already advised.
Dear TNT Reader,
At The News Tribe, our mission is to bring you free, independent, and unbiased news and content that keeps you informed and empowered. We are committed to upholding the highest standards of journalism, as we understand that we are a platform for truth.
Apart from independent global news coverage, we also commit our unique focus on the Muslim world. In an age marked by the troubling rise of Islamophobia and widespread misrepresentation of Muslims in Western media, we strive to provide accurate and fair coverage.
But to continue doing so, we need your support. Even a small donation of 1$ can make a big difference. Your contribution will help us maintain the quality of our news and counteract the negative narratives that are so prevalent.
Please consider donating today to ensure we can keep delivering the news that matters. Together, we can make a positive impact on the world, and work towards a more inclusive, informed global society.
Donate Monthly Subscription Annual Subscription