The State Bank of Pakistan (SBP) has released a notification regarding the timings of the banking sector during the holy month of Ramadan. The announcement highlights the updated timings for both public dealing and office hours during Ramadan.
Public Dealing Timings
The public dealing bank timings in Ramadan have been updated as follows:
- Monday to Thursday: 9am to 2pm (without break)
- Friday: 8:30am to 1pm (without break)
Office Timings
The office timings for banks during Ramadan have been updated as follows:
- Monday to Thursday: 9am to 3:30pm (with prayer break from 2pm to 2:30pm)
- Friday: 8:30am to 1pm (without break)
Reversion to Pre-Ramadan Timings
The notification also mentions that the timings for public dealing and office hours will automatically revert to pre-Ramadan timings after the holy month ends.
Zakat Deduction Holiday
It is important to note that banks will remain closed for public dealing on Friday, March-24-2023, for the purpose of Zakat deduction.
Alternative Banking Options
If you can’t visit your bank during Ramadan due to reduced working hours or long queues, there are alternative banking options available. These include online banking, mobile banking, and ATMs. Online and mobile banking services allow you to access your bank account, check your balance, and transfer funds from the comfort of your home. ATMs are available 24/7 and provide cash withdrawal and deposit services.
Tips for Planning Your Banking Needs
To avoid inconvenience during Ramadan, it’s important to plan your banking needs ahead of time. Here are some tips to help you plan your banking activities during Ramadan:
- Check the timings of your bank before visiting their branch.
- Use online and mobile banking services whenever possible to avoid long queues.
- Plan your cash withdrawals in advance to avoid running out of cash during the reduced banking hours.
- Visit the bank early in the day to avoid long waiting times.
- Contact your bank’s customer service if you have any questions or concerns.
Final Thoughts
The SBP has announced updated timings for the banking sector during Ramadan to facilitate customers and employees during the holy month. Banks will be open for public dealing and office hours with different timings from the pre-Ramadan timings. However, these timings will revert to the pre-Ramadan schedule after Ramadan ends. Additionally, banks will remain closed for public dealing on Friday, March 24, for Zakat deduction and also check the timings of your bank before visiting their branch.
