National Bank of Pakistan (NBP) has converted its 800 branches online out of its deep rooted network of 1265 branches which cover the remotest areas of the country. According to a press release issued here on Tuesday, through online facility NBP customers holding an account at any online branch can deposit and withdraw cash from any of the 800 online branches through inter branch transaction (IBT); Debit/ATM card can be issued to all customers of online branches; centralised account opening, Know Your Customer (KYC) and better control / compliance.
Currently, NBP is aggressively pursuing its goal of bringing 1000 branches on-line by the end of 2011 after which customers living in cities and remotest areas of the country will benefit from online banking facilities. NBP has recently initiated a number of IT projects to make the bank one of the most technologically advanced financial institutions in the country.-PR