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"Let there arise out of you a band of people inviting to all that is good enjoining what is right and forbidding what is wrong; they are the ones to attain felicity".
(surah Al-Imran,ayat-104)
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User Name: Riaz
Full Name: Riaz Jafri
User since: 25/Jan/2008
No Of voices: 722
 
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On-Line Money Transfer

 

National Bank of Pakistan (NBP) used to charge Rs. 70/- for the On-Line transfer of Rs. 10,000/- to another NBP bank but w.e.f. July 1st has started charging Rs. 380/- for the same.  On checking up it transpired that within a city the On-Line transfer charges from one NBP to another NBP are still the same, but for the on-line transfers to outstation NBP banks the charges have been increased almost five times of the previous.   Why?  Does the NBP bank computer consume exorbitant amount of electricity for the outstations transfers or has the bank computer operator to work tremendously hard in sending the money from one city to another?  When the effort, time taken and all other all other factors remain constant for the both local on-line transfer as well as an outstation on-line transfer, then why so much disparity in the bank charges for the two ?!

 

What is the NBP up to and why is it fleecing its customers for such outstation on-line transfers which doesn’t cost it even a penny extra or more than to make a similar on-line transfer locally?  Hope the other banks are not indulging in a similar practice.

Would the Ministry of Finance and the State Bank of Pakistan look into it please?

 

Col.Riaz Jafri (Retd)

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