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Pakistan
| Type | Description |
|---|---|
| Direct to Bank Method |
Direct credit to bank account or finance companies in Pakistan Rupee (PKR)
Supported sender type - Individual and Corporate (Approved business payment only (IT Services)) Supported beneficiary type – Individual |
| Transaction Turnaround Time |
Real Time for the beneficiary account that is registered in IBFT Network. Can be verify via Account validation
T+0 Pakistan Banking days for transaction received before 3.00PM (Pakistan timezone, GMT +5) T+1 Pakistan Banking days for transaction processed and credited after Mon- Fri 3.00pm (Pakistan timezone, GMT +5) Subjected to Singapore office timing and funds being received |
| Area availability | Pakistan nationwide |
| Validation / Verification | Account validation with beneficiary name |
| Account received | Beneficiary received net amount as specified by sender |
| Transaction Limit |
Maximum PKR 1,000,000.00 per transaction
Maximum PKR5,000,000.00 per day Minimum per transaction PKR 10.00 Compliance accumulated limit PKR 2,000,000.00 per day per beneficiary Transaction will be on hold for compliance review based on the supporting document should the sender or receiver has exceeded the compliance limit |
| Cancellation Process | Cancellation is on best effort basis |
| Remarks |
Beneficiary name shall be matched with the bank records, transaction will be delayed in processing if the name mismatched.
Only support IBAN Account number |