NBP online branch network reaches 500 marks

KARACHI: In a major move towards automation, National Bank of Pakistan has converted more than 500 branches online across Pakistan.

Through online facility NBP customers holding an account at any online branch can deposit and withdraw cash from any of the 507 online branches through inter branch transaction (IBT); Debit / ATM card can be issued to all customers of online branches; centralized account opening, Know Your Customer (KYC) and better control / compliance.

This is in line with Bank's strategy to convert majority of its branches on-line by the end of this year for which work is going on at fast pace. It is worth mentioning here that NBP has already converted all 62 branches of Balochistan online.

To provide Online banking to these remote and far-off areas in such short span of time is indeed a gift of NBP to the people of Balochistan. In addition to this all 24 branches in Islamabad are now also online. NBP has planned to bring 1000 branches online by the end of 2011 after which customers living in cities and remotest areas of the country will benefit from online banking facilities.

NBP has recently initiated a number of IT projects to make the bank one of the most technologically advanced financial institutions in the country. Currently the Bank is in the implementation phase of Core Banking System which is one of the largest IT projects in Pakistan and covers all the banking functions.

Copyright Business Recorder, 2011