Pakistan Real time Interbank Settlement Mechanism (PRISM) / RTGS is the fastest possible money transfer system through the banking channel using state of the art systems which makes large value payments to one-another. The PRISM systems operated by State Bank of Pakistan, offers a powerful mechanism for limiting settlement and systemic risks in the interbank settlement process by providing settlement on Gross Basis and in Real Time which virtually eliminates the waiting period of the transactions.
PRISM is an inter-bank funds transfer system which allows parties to conduct funds transfer transfer transactions in real time. The mechanism enables electronic transfer of funds from the account of the remitter in one Bank to the account of the beneficiary maintained with any other Bank branch.
State of the art back-end technology - Lesser Operational Risks
No Geographical Restriction within Pakistan
Quicker Turnaround Time - No Need for Interbank Settlement / Clearing
The charges on RTGS / PRISM transactions will be as per the prevalent Schedule of Charges.