The system would get started from August 1 at all the branches of bank Alfalah, reported a private news channel.
According to sources, the registered male pensioners for EOBI are 3,89,000 while the total number of females has been recorded as 1,84,000. However, only 8000 people have got registered under scheme so far.
The authorities have said that the retired people have to get their money of June from the old process while they would use the new ATM card system from July.
Efforts were also being made for the computerization of EOBI record for enhancing its performance.