On-Line Money Transfer
National Bank of Pakistan (NBP) used to charge Rs. 70/- for the On-Line
transfer of Rs. 10,000/- to another NBP bank but w.e.f. July 1st has
started charging Rs. 380/- for the same. On checking up it transpired
that within a city the On-Line transfer charges from one NBP to another NBP are
still the same, but for the on-line transfers to outstation NBP banks the
charges have been increased almost five times of the previous.
Why? Does the NBP bank computer consume exorbitant amount of
electricity for the outstations transfers or has the bank computer operator to
work tremendously hard in sending the money from one city to another?
When the effort, time taken and all other all other factors remain constant for
the both local on-line transfer as well as an outstation on-line transfer, then
why so much disparity in the bank charges for the two ?!
What is the NBP up to and why is it fleecing its customers for such
outstation on-line transfers which doesn’t cost it even a penny extra or more
than to make a similar on-line transfer locally? Hope the other banks are
not indulging in a similar practice.
Would the Ministry of Finance and the State Bank of Pakistan look into it
please?
Col.Riaz Jafri (Retd)
|