The State Bank of Pakistan (SBP) has allowed banks and development finance institutions (DFIs) to open accounts on the basis of National Database and Registration Authority’s (NADRA) receipts in case of expired Computerized National Identity Cards (CNICs).
With a view to facilitating the general public, it has been decided to allow the opening of accounts on the basis of attested copies of NADRA receipt and expired CNIC, provided all other requirements of account opening under Prudential Regulation M-1 are complied with, says BPRD Circular Letter No. 20 of August 29, 2011. However, banks and DFIs shall obtain copies of
renewed CNICs of such customers within three months of the opening of accounts, the circular letter said, adding that for CNICs which expire during the course of the customer’s banking relationship, banks or DFIs are advised to make use of system alerts and regularise their accounts as already advised.
