Urooj Niazi 
New currency notes in Pakistan are a common requirement, especially during festive seasons, weddings, Eid, and other special occasions. Most individuals use sharp banknotes as gifts, offering to the religious, or doing business transactions. Whereas the circulation of money is regulated by the State Bank of Pakistan (SBP), there are other legal and trusted ways through which new notes can be obtained without necessarily visiting illegal sources. In this guide, you are going to learn the process of acquiring new currency notes in Pakistan, the process of acquiring them in a formal banking process, the availability of the new currency notes in different seasons, and what to remember to avoid being swindled or fined.
Official Ways to Get New Currency Notes in Pakistan
The best and safest method of acquiring new currency notes in Pakistan is through the authorized banking channels. New notes are issued periodically by the State Bank of Pakistan, particularly during the Eid festivals.
1. Branches of State Bank of Pakistan (SBP)
New notes are distributed at special campaigns in SBP branches in big cities. These notes come in smaller denominations of 10, 20, 50, and 100. In order to get an allotment, citizens must produce a valid CNIC.
2. Commercial Banks
New currency notes are also circulated through big banks such as the National Bank of Pakistan, UBL, HBL, and Meezan Bank. Customers may make inquiries in their closest branch and use the token or web-based registration system that has been introduced in recent years.
Application of New Currency Notes over the internet
In recent years, the SBP has come up with digital procedures to simplify the process. Through Eid campaigns, people are allowed to register online by means of their CNIC and choose the suitable bank branch.
Steps usually include:
- Registration through official SBP or partner bank portals on the Internet.
- Getting a confirmation text message.
- Going to the chosen branch with the CNIC to get new notes.
The approach is the most efficient way to acquire new currency notes in Pakistan, as it is the most transparent and is less likely to cause crowding.
Accessibility on Eid and Special events
During Eid al-Fitr and Eid al-Adha, the demand for the new currency notes in Pakistan is at its maximum. In order to control this surge, SBP issues a small amount per individual. Normally, every person may be given a fixed amount of small-denomination notes.
When the period is not a holiday, supply can be poor, and the banks might not accept the request for brand-new notes unless they are ordered by the SBP.
Are Street Vendors and Money Changers Legal?
It is illegal and not advisable to purchase new notes in the street or from the fake money changers. These vendors normally sell at high prices and can give out fake currency. SBP and police forces always act against such practices.
As a way of staying out of trouble in the court, always use the official avenues when obtaining new currency notes in Pakistan.
Rules that are also important to know
- A valid CNIC is mandatory.
- The notes are made in small numbers.
- The availability is determined based on SBP announcements.
- It is against the law to sell out new notes at a premium.
The knowledge of such rules will make sure that you acquire new currency notes in Pakistan in a safe and legal manner.
In Pakistan, it is not difficult to gain new currency notes provided that you do it according to official ways. You will save time and be able to act within the confines of the law. Whether you are giving gifts for religious reasons or due to personal use, you will be doing the right thing by planning ahead and using the authorized banks. Always keep up with the SBP announcements, particularly around the time of festive periods. Learn more here.
