Sunday 14 October 2018

How to make Donations in Diamer Bhasha and Mohmand Dams Fund Account

The Chief Justice of Supreme Court of Pakistan established a Supreme Court of Pakistan Diamer Bhasha and Mohmand Dams Fund on 10th July, 2018 to raise funds for the construction of Diamer Bhasha and Mohmand Dams. The Honorable Court supervises the Fund and its Registrar operates its account directly.

Later, the Prime Minister of Pakistan announced to join efforts with the Chief Justice of Pakistan for this cause. Accordingly, the fund was renamed as “Prime Minister and Chief Justice of Pakistan Fund for Diamer Bhasha and Mohmand Dam.”

To facilitate the collection of donations within and outside Pakistan, State Bank of Pakistan has made elaborate arrangements providing a variety of channels with the help of banks within and outside the country.All commercial banks, microfinance banks, and field office of SBP Banking Services Corporation have opened the Fund account to receive donations in cash, through cheques, pay order and demand drafts, at all their branches across the country from domestic and international donors. In addition, donations can also be made through digital means such as online transfers, ATM transfers, e-banking and payment cards.

Further, to facilitate donations through payment cards, SBP has directed all issuing and acquiring banks in Pakistan not to charge any service fee including interchange fee, merchant discount rate, and transaction fee on such transactions.

DONATIONS IN PAKISTAN:

The domestic donors (resident Pakistanis) may contribute in the Fund account through any of the following modes convenient to them.

State Bank of Pakistan Field Offices
The account details are as under:

Bank: State Bank of Pakistan
Title: Supreme Court of Pakistan
Account No: 03-593-299999-001-4

Counters of the Banks:

All commercial and microfinance banks in Pakistan and field offices of SBP Banking Services Corporation are collecting the donations at their counters across their branch network in Pakistan. The donors may deposit their donations at any branch of these banks.


Alternate Delivery Channels ( ADCs)

The banks have allowed their respective customers to make donations/contributions through internet banking, Automatic Teller Machines (ATM) and other Alternate Delivery Channels (ADC). For the purpose, commercial and microfinance banks are prominently displaying the IBAN of the Fund at their websites and ATMs screens, besides sending the same to their clients through SMS alerts. Subscribers of mobile phones may donate Rs.10 through SMS at 8000.

Branchless Banking

The commercial and microfinance banks offering Branchless Banking (BB) have allowed their BB agents network to collect donation/ contributions in cash only against proper receipt in electronic or paper form duly confirmed by the SMS alert. The cash collected by the BB agents will be directly credited to the Fund’s account at commercial or microfinance bank with whom the agents are attached. The receipts of the Fund shall not be subject to regulatory transaction limits and no charges will be recovered from the donors/contributors.

Donations from Abroad:

The overseas Pakistanis may contribute in the Fund through the following options: 

 Wire transfer to SBP Nostro account with NBP, New York.

The overseas Pakistanis having bank account abroad may contribute in the Fund through wire transfer/swift message. For the purpose, they would request their respective bank to remit the funds in US Dollars to the SBP Nostro account, the particulars of which are as given below.

  • Name of Payee: STATE BANK OF PAKISTAN
  • Payee's Address: I.I. CHUNDRIGAR ROAD, KARACHI, PAKISTAN
  • Payee's SWIFT Code: SBPPPKKA ABA
  • Routing Number: 026004721
  • Bank Name: NATIONAL BANK OF PAKISTAN
  • Bank Address: NEW YORK, U.S.A
  • Payee's Account No: 55854560
  • Bank SWIFT Code: NBPAUS33

The following related information will also be required to ensure expeditious transfer of donations to the Fund account with SBP.

Name and full address.
Date of birth and Place of birth.
Purpose of remittance: Contribution in the Fund for water reservoirs.
Use of the donor’s own account abroad is must for remitting the fund in the SBP Nostro account.

Transfer through Money Service Bureaus (MSBs), Money Transfer Operators (MTOs) and Exchange Houses (EHs).

The banks have been allowed to receive donations to the Fund through MSBs, MTOs (eg. Money Gram, Western Union) and EHs in line with the arrangements in place for receiving home remittances. The overseas Pakistanis may, therefore, remit their donations through MSBs, MTOs and EHs to the Fund account, being maintained at any of the commercial or microfinance bank in Pakistan using their IBANs. 

Deposit of Donations at Pakistan Missions and Embassies Abroad:

The overseas Pakistanis may deposit their contributions with the Pakistan’s Mission in the relevant country. The Ministry of Foreign Affairs has already issued necessary instructions. The donations collected will be repatriated through SBP Nostro account(s), for onward credit to the Fund account.

Deposit of Donations at Branches of Domestic Banks Abroad:
Donors can also deposit their donations at the domestic banks having their branches abroad.

Transfer through Debit/Credit Cards:

The donors can also make their contributions to the Fund through their debit/credit cards by clicking ‘Donate Now’ on this page. The transactions executed through debit/credit cards are settled by the acquiring bank in accordance with the frequency as may be agreed between the SBP and the bank.

Transfer through E-Banking:
Overseas Pakistanis, having e-banking facilities from their banks abroad, can use this functionality to remit their donations to the Fund account, being maintained at any of the commercial or microfinance bank, operating in Pakistan using their IBAN

For Contribution Through PayPal Step by Step Process:

SEND MONEY VIA XOOM:
A graphical representation of a user’s journey for making a transfer to a local Pakistani Account.

Login Option

A user can either use PayPal or Xoom credential to login. To login using PayPal click the “Continue with PayPal: option. If you want to continue with “Xoom” use the option to the left of the screen.

Choose Country of Recipient:

Enter Amount:

Choose Receiving Options(Bank/ Cash collection).

Choose Paying Option.

Beneficiary Bank (Drop Down List).

Beneficiary Detail.

Payer Details Reviews.

Authorize Payment.
 You can read this post here

No comments:

Post a Comment

Popular Posts