Karachi: State bank of Pakistan had made bio metric particular for every account holder from 30th June, 2019.
According to state bank this bio metric has been made particular I order to make banking system more strong and safe from illegal works like money laundering and providing money to the terrorists, because of that bio metric has been made particular.
State bank have provided a post to all the banks and money related institutions, according to which account holders bio metric will be done inn three phases, in the first phase public accounts and listed companies accounts will be checked where the turnover rate was 100 crore in one year.
50 crore turnover private limited companies and 25 crore turnover account holders will have to do bio metric before 30th November, 2018.
According to the post , the listed companies and private limited companies with the turnover of 50 crore to 100 crore will have to do biometric of their account till 31st of January, 2019, the private limited companies with the turnover rate of 25 crore to 50 crore will have to do bio metric of their account till 31st January, 2019, whereas the remaining all companies having the turnover of 10 crore to 25 crore will also have to do bio metric of their accounts till 31st January, 2019.