State Bank of Pakistan Platform
Instant Real-Time Bank Settlement Across Pakistan
Designed by the State Bank of Pakistan (SBP), Raast is Pakistan's sovereign instant payment system enabling interoperable, real-time digital financial transactions. At our Kadhar Pull banking counter, you can deposit cash and transfer funds instantly into any Pakistani bank account without waiting for banking hours or cheque clearance delays.
Raast ID vs. 24-Digit IBAN Transfer Comparison
| Transfer Method |
Identifier Required |
Settlement Time |
Title Fetch Verification |
| Raast P2P (Mobile ID) |
11-Digit Mobile Number linked to Bank |
Instant (Under 5 Seconds) |
Automatic Name Display |
| 24-Digit Standard IBAN |
PKxx ABCD xxxx xxxx xxxx xxxx |
Instant (Real-Time 1Link) |
Bank Verified Account Title |
| Standard Account Number |
Bank Name + Branch Code + Account Number |
Instant (Real-Time 1Link) |
Bank Verified Account Title |
35+ Supported Commercial & Microfinance Banks
Commercial Banks: HBL, Meezan Bank, MCB, UBL, Allied Bank (ABL), Bank Alfalah, Bank of Punjab (BOP), Askari Bank, Faysal Bank, JS Bank, Soneri Bank, Standard Chartered.
Islamic Banks: Meezan Islamic, BankIslami, Dubai Islamic Bank (DIB), Al Baraka Bank.
FinTech & Wallets: SadaPay, NayaPay, JazzCash, EasyPaisa, Zindigi (JS), UPaisa.
3-Step Instant Transfer & Verification Process
Step 1: Account & Title Verification: Provide recipient's bank details or Raast mobile number. Our terminal fetches and displays the verified Account Title on-screen to prevent errors.
Step 2: Instant Settlement Execution: Cash is deposited and funds are dispatched in real-time across the SBP Raast / 1Link switch.
Step 3: Stamped E-Receipt & RRN: Customer receives an official State Bank Raast Reference Number (RRN) with printed receipt and instant WhatsApp confirmation voucher.
Frequently Asked Questions
How fast does the recipient receive the money?
Instantly! Funds reflect in the recipient's bank account within 3 to 5 seconds, 24/7 including Sundays and public bank holidays.
How can I be sure the money goes to the right person?
Our terminal performs a mandatory title-fetch API call before dispatching funds, showing the exact registered account holder's name on screen for your verbal confirmation.
What is the SBP Raast Reference Number (RRN)?
The RRN is a unique 12-digit transaction identifier generated by the State Bank of Pakistan system, serving as legal proof of payment accepted by all commercial banks.
