National Bank of Pakistan, one the largest commercial bank of Pakistan has achieved the mile-stone of converting its 1,250 branches out of its country wide network of 1,270 branches. In just only 10 months the IT division of the bank meets its 98% target including the branches of the remote areas.
Through this online facility the account holders will be able to conduct transactions involving both deposit and withdrawals from any of the 1,000 online branches through interbank transactions. Debit cards will be issued to the customers soon. This will also facilitate centralized account opening, implementing KYC (know your customer) policies and better compliance.
The President of National Bank of Pakistan, Mr Qamar Hussain said that customers of rural, urban and other remote areas will benefit a lot from these services. The bank is also in the process of implementing one of the largest core banking system across its branches in Pakistan.