SBP restores Saturday as holiday for banks

07 May, 2022

KARACHI: State Bank of Pakistan will observe following working days and timings with immediate effect:

Monday to Thursday from 9:00 a.m. to 5:30 p.m. with prayer/lunch break from 1:30 p.m. to 2:15 p.m. whereas on Friday office hours will be from 9:00 a.m. to 6:00 p.m. with prayer/lunch break from 1:00 p.m. to 2:30 p.m.

Banks/Microfinance Banks (MFBs) may prescribe business (banking) hours for public dealing as per their business requirements provided the business (banking) hours being observed by the field offices of SBP Banking Services Corporation (SBP-BSC) are complied with as a minimum benchmark for this purpose.

SBP notifies office hours for today

Further, in order to ensure the availability of basic banking facilities to business community and public at large, banks/MFBs may open their selected branches situated in major cities / business centres / commercial markets & hubs /ports etc. on Saturdays as per their business requirements. The collection booths of banks located at Custom houses /ports shall remain open 24/7 as per existing practice.

However, banks/MFBs shall submit a complete list of branches that will be opened on Saturdays to the Banking Policy & Regulations Department and also place the updated list of such branches on their websites. For the information of customers, banks/MFBs shall prominently display in the concerned branch that this branch will remain open on Saturdays.

Copyright Business Recorder, 2022

Read Comments