NBP to give pen­sion to EOBI ben­e­fi­cia­ries

The Pak Banker - - FRONT PAGE -

Na­tional Bank of Pak­istan has been given pro­ject to dis­burse pen­sion to 53,000 ben­e­fi­cia­ries tem­po­rar­ily for the pe­riod of three months as the con­tract of Tameer Mi­cro­fi­nance Bank has been ex­pired. Of­fi­cial sources said the con­tract of Tameer Mi­cro­fi­nance Bank has been ended whereas BankAl­falah was given the same con­tract for the fu­ture how­ever due to of­fi­cial pro­ce­dure, the tran­si­tion be­tween two pri­vate banks were not done. EOBI dis­trib­utes pen­sions to more than 0.5 mil­lion ben­e­fi­cia­ries mainly through Na­tional Bank of Pak­istan (NBP) and then through a branch­less bank­ing ser­vices of Tameer Mi­cro­fi­nance Bank.

The dis­tri­bu­tion process was smooth for both chan­nels par­tic­u­larly the branch­less bank­ing ser­vice which is avail­able to ben­e­fi­cia­ries to far-flung ar­eas, how­ever, the man­age­ment has opted out Bank Al­falah for the same ser­vice for fu­ture but few of­fi­cial pro­ce­dures has not cul­mi­nated the whole trans­fer process. Ac­cord­ing to the source, the new bank was pro­vided con­tract but it was not handed over the ser­vice charge for more than past six months be­cause of of­fi­cials who failed to com­plete the process. NBP was given con­tract of three month to dis­burse pen­sions of this group for next three months though the new bank will get its charge prop­erly for the same con­tract af­ter­wards for fu­ture.

Pen­sion­ers were sent SMS to reach NBP near­est branch with their pen­sion book and CNIC. Of­fi­cial sources said EOBI has handed over con­tract to NBP for 53,000 be­cause it has en­abled its sys­tem for dis­tri­bu­tion of large base of pen­sion sys­tem whereas the data trans­fer of the em­ploy­ees took a lit­tle time for the process.

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