How to get new currency notes on Eid-ul-Fitr?

KARACHI: In Pakistan, there is a long-standing tradition of elders giving “Eidi” to children after Eid prayers, however, a method of obtaining new currency notes on Eid-ul-Fitr has come to light.

According to details, to fulfill the traditional need of “Eidi” on the auspicious occasion of Eid-ul-Fitr, the State Bank of Pakistan has clarified the formal procedure for obtaining new and crisp currency notes.

The main objective of this initiative is to provide convenience to the citizens and prevent illegal sale of notes in the open market and additional charges.

Method of obtaining new notes

According to the instructions issued by the State Bank, citizens can obtain bundles of new notes through the following steps:

SMS registration

Write your 13-digit CNIC number from your mobile, give a space and enter the code of your nearest bank branch and send it to 8877.

Verification code

You will receive a unique transaction code and bank branch address in the reply SMS.

Collection

Citizens should approach the relevant bank branch with their original identity card and photocopy, where the required notes will be provided after verification.

The central bank has strictly clarified that no additional amount or fee is charged for this service at the official level.

On the other hand, despite official channels, many citizens turn to the open market for convenience or due to exhaustion of quota in banks, where profiteers are charging huge amounts for these notes.

Bundle of Rs 10: A bundle worth Rs 1,000 is being sold in the market for Rs 1,200 to Rs 1,300.

Bundle of Rs 50: A bundle worth Rs 5,000 is available between Rs 5,500 to Rs 6,000.

In Pakistan, new and crisp 20 and 50 rupee notes are in highest demand during Eid, as they bring joy to children, with whom they buy toys and sweets of their choice.