SBP Finally Ends Charges for SMS Alerts

State Bank of Pakistan has ordered all the banks and mobile financial service providers such as Jazz Cash, EasyPaisa to stop charging consumers for the text message alert on transactions.

The order will come into effect from the first of January, 2019.

Home Finance for Businessman;

https://tryfinancialsolutions.blogspot.com/2018/12/home-finance-for-businessman.html?m=1

Many banks charge as much as Rs.100 per month from their customers for SMS alerts regarding the transactions or withdrawal of cash using ATM cards.

Reason of Cyber Crime

https://tryfinancialsolutions.blogspot.com/2018/11/reasons-of-cyber-crime-fraud-in-banking.html?m=1

The service has its importance as it can alert them on any unusual activity in their account, but it is seen that monthly charges often put off many account holders from subscribing for the service.

The new instruction was among many, issued from the SBP for all the commercial banks as part of security measures following a recent wave of cyber-attacks which exposed information security of many banks.

Home Finance for Salaried Persons;

https://tryfinancialsolutions.blogspot.com/2018/09/home-finance-for-salaried-persons.html?m=1

Here are some of the SBP directions for the commercial banks;

Remove charges on SMS alerts and provide this service free of cost to every customer.
All banks are directed to upgrade their system by March 31 so that customers can activate and block their cards for online and international transactions as and when they want.

All banks shall replace the existing debit and credit cards with chip-and-pin payment cards by June 30thnext year.

All banks have been advised to make an internal vulnerability assessment to identify the flaws in the payment system and submit recommendations to SBP by March 31st on how and when this could be fixed.

Third-party testing to be carried out and reports be submitted by December 2019.
All banks to activate online banking only after the biometric verification.

Real-time fraud monitoring tools to be developed by January 31st with a procedure to detect, report and response to the threats.
24-hour monitoring of online payments.

Imposition of daily transaction limit with international partners and cross-border transactions to minimize the cyber attacks.

In cas of any theft, banks should inform the central bank as well as customers within 48 hours and compensate them in as many days.

Banks should continue to educate customers regarding the banking fraud techniques, such as MS spoofing, impersonation by fraudsters — like those BISP and Jeeto Pakistan messages that ask for your personal information and tempt you into believing that you won some money.

If any bank or financial service provider fails to comply with the instructions or misses the deadline, it may face suspension of digital payment products and services.

Personal Finance for Salaried Persons;

https://tryfinancialsolutions.blogspot.com/2018/03/up-to-rs-2-million-loan-for-salaried.html?m=1

Comments

UP TO RS. 2 MILLION LOAN FOR SALARIED PERSON

Dubai Islamic Bank offering personal Loan facility up to Rs. 2 Million for salaried person Dubai Islamic bank is the first Islamic bank in Pakistan to offer a shari'a compliant " Personal Fiance" facility based on the Islamic Finance Features: 100 % Shari'a Compliant Affordable and competitive equal monthly installments. Hassle free and fast processing of your application form. Only Salaried persons can avail this facility. Say Hello! Askari Nayab Plan https://tryfinancialsolutions.blogspot.com/2018/12/invest-today-for-your-hassle-free-future.html?m=1 Eligibility: Age= 25 to 65 years Salaried Person( Salary must be credit in bank account). Minimum Salary should be Rs. 35,000/- Documents Required for Processing are: CNIC Copy Two recent Passport Size Photographs 3 Payslips Job Proof( Job Card, Visiting Card) One year bank statement Account maintaining certificate For

Dubai-Based Investor will inject money to Secure Summit Bank

According to the stock filing, Summit Bank Limited informed that it received a letter from the Chairman of the Nasser Abdulla Lootah Group, who is also the Chairman of the Summit Bank. Summit Bank has received a notification of interest from a Dubai-based investor HE Nasser Abdulla Hussain Lootah who has expressed his intention to acquire a controlling stake in the bank through fresh investment. I, Mr. Nasser Abdullah Hussain Lootah, am writing to explore the possibility of acquiring at least a controlling stake in Summit Bank Limited by subscribing to fresh equity in the bank. It is also envisaged that this equity injection enable the bank to with the minimum capital requirement and capital adequacy ratio requirements as required by the State Bank of Pakistan. In this regard, an exclusivity agreement has been shared with the board of directors for the confirmation that will ultimately give a green signal to the transactions for executing the deal. The Dubai-based investor and chairman

Sindh Cabinet approved the merger of Summit Bank

The Sindh cabinet approved the minutes of the last cabinet meeting and then took up the agenda of merger of Summit Bank with Sindh Bank. The chief Minister told the cabinet that the Sindh Bank was established on the occasion of death anniversary of Shaheed Mohterma Benazir Bhutto in 2011 by establishing its first branch at Naudero in which President [former] Asif Ali Zaradri had opened his first inaugural account. The bank has established 300 branches within its first three years, he said. The Summit bank is also a newly established bank and its merger with Sindh bank would boost the business further. The meeting was told that the board of Sindh Bank Ltd has already approved merger of Sindh Bank Ltd into Summit Bank Ltd for which a swap ratio of 1:4.17 has been determined, that is one ordinary share of Sindh Bank is approved to be issued for every 4.17 ordinary shares of summit bank. Talking about structure of the transition is, the chief minister said that Summit bank w

Branches Codes List for Fresh Currency Notes of Gilgit Batistan & Islamabad

Fresh Currency will be available at nominated branches from 1st June 2018 to 14th June 2018. Say Hello! Askari Life "Nayab" https://tryfinancialsolutions.blogspot.com/2018/12/invest-today-for-your-hassle-free-future.html?m=1 SMS at 8877 Cnic# space branch code xxxxx-xxxxxxx-x ABC001 Home Finance for Salaried Persons https://tryfinancialsolutions.blogspot.com/2018/09/home-finance-for-salaried-persons.html?m=1 Home Finance for Businessman https://tryfinancialsolutions.blogspot.com/2018/12/home-finance-for-businessman.html?m=1 Personal Finance for Salaried persons https://tryfinancialsolutions.blogspot.com/2018/03/up-to-rs-2-million-loan-for-salaried.html?m=1

Story of Agha Hasan Abedi & BCCI

Agha Hasan Abedi: the man who dared to dream BIG! Agha Hasan Abedi was one of the finest minds this country has ever produced. He was an exemplary patriot and a legendary banker. In the mess that exists today, the youth of Pakistan desperately needs inspiring personalities to look up to. I cannot think of a better person to quote. He proved that politics is not the only form of service to the nation. He suffered through various scandals towards the end of his life, but no one can deny his contributions towards building a stronger Pakistan. It is a shame we let our youth forget a man like Agha Hasan Abedi. Thousands graduate every year from FAST National University and Ghulam Ishaq Khan Institute. Only a handful of those proud degree holders know who laid the foundations of these prestigious institutes. It was one man’s vision that delivered tremendously to Pakistan’s development. *A true patriot: Agha started his banking career at Habib Bank in the late 1940s

Earn online without investment

🌴🌴پیارے دوستو السلام و علیکم 🌴🌴 🌿🌿واو ایپ سے پیسے کمانا کوئی مشکل کام نہیں ہے ۔لیکن اس کے لیے صبر کا ہونا بہت ضروری ہے ۔اگر آپ میں صبر ہے تو آپ انشاء اللّه ضرور کامیاب ہو گے ۔بس آپ زیادہ سے زیادہ ایکٹو رہیں اپنا نیٹ ورک بڑھانے کی کوشش کریں ، اور اپنی ٹیم کو سکھائیں 🌿🍂🌾 🌹شکریہ 🌹 〰〰〰〰〰〰〰〰 🌺🍁🍃🌺🍁🍃🌺🍁 Agr daily achhi Earnings krni hai to.... 1⃣ Daily joinings bharhie 2⃣ zyada time active rhiye 3⃣ Jab jab online aaoge ek video dekha kijiye 4⃣ Online aane par chatting krte rhiye 5⃣ Surveys, apps check kijiye aur complete kijiye 6⃣ Laptop/PC pe smartweb open kijiye Ads refresh kijiye Bass itna hi kafi hai Wowapp me Jaise zada log aapke network me aajayenge, Earnings bdhti jayegi Es liye fish catch krny ki zyada se zyada koshesh kren👇👇👇👇👇 🐬🐟🐋🐳🐟🐬🐳🐋 The Superiors©Team 〰〰〰〰〰〰〰〰 Rooh@ 🍁🍁Ab sawal ye ata hai keh hum apnay earning ko kis trah barhaengy🍁🍁 🔑agr ap 5 logu ko app use krny k liye invite krty hain, aur woh hr ak 5 dosry

For Fresh Currency, Branches details of Hyderabad, Badin, Ghotki, Dadu & Jacobabad

Fresh Currency will be available at nominated branches from 20th May 2019 to 31st May 2019. SMS at 8877 Cnic# space branch code xxxxx-xxxxxxx-x ABC001

Pakistan Banking Association(PBA) Protest on Bank Timing, Proposal Submitted to SBP

Presently Pakistan Banking Associating (PBA) has taken initiative against late sitting and customer timing being faced by Banking sector in Pakistan, share a proposal with State Bank of Pakistan to reduce the Customer Timing and Business hours of the banks. Agenda PointsCurrently customer timing (9:00 AM to 5:30 PM) of all banks in Pakistan without any break and Friday timing (9:00 AM to 6:00 PM) with approximately half an hour or 2 hours Juma break Mr. Agha Hassan Abidi and BCCI History Employees are available round the clock for resolution of ATM related issues without allowance (some of banks are paying nominal amount). Bank staff has been disturbed due to high business targets and non-scheduled office timing, even staff have to come office on Saturday (Where branches are off) for warping pendency work or preparation of internal / external audit. Within 10 years people will forget PayPal Bank staff are unable to manage their personal life due to late sitting an

20 User Friendly Tools of ERP-Next for Sales and Purchase Activity

Re invent Sales And Supply Chain With An Open Source Sales & Purchase Tool Track inventory levels, replenish stock, and manage sales orders, customers, suppliers, shipments, deliverables, and order fulfillment — all in one open source sales & purchase ERP. Below is the List of Salas and purchase tools/. Real-Time View of Your Sales & Purchases. Item Variants. Track Serial Numbers Manage Lots Multi-Channel Sales Powerful Marketing Tools Elegant Print Formats Powerful Marketing Tools Journals and Payments Accounts Receivable Documents Storage. Stock Replenishment: Promotional Schemes Vendor Management Supplier Portal Accounts Payable Automated Invoicing Multi-Currency Sales On-The-Fly Customizations Self-Onboarding & Implementation Real-Time View of Your Sales & Purchases E RPNext brings all critical sales and purchase data to one place. Dashboards provide an at-a-glance view of key performance indicators relevant to business processes. With configurable accounting

CAR IJARAH FINANCING FOR SALARIED PERSON

It’s time you drove your car with pleasure and peace of mind. Dubai Islamic Bank offers a world class auto finance facility that enable you to get a car quickly, conveniently and in a fully Sharia Comliant manner. Features: Low Takaful rates compared to any other bank. upto 85% financing of car price Finance Rs. 100,00 to Rs. 5,000,000 Financing Tenure up to 7 years Say Hello! To Askari Nayab Plan https://tryfinancialsolutions.blogspot.com/2018/12/invest-today-for-your-hassle-free-future.html?m=1 9 years old Vehicle can be financed No monthly rental payments will be made by the customer before delivery of the car in advance booking cases. Competitive and affordable monthly rentals. Ready delivery and advanced booking. Home Finance for Businessman; https://tryfinancialsolutions.blogspot.com/2018/12/home-finance-for-businessman.html?m=1 Eligibility: Age 21 to 60 years Minimum Salary should be Rs. 30,000\- Documents Required for Processing

Try Financial Solutions

Search This Blog