IBFT Charges in Pakistan: Bank Transfer Fees Compared
What each bank charges to send money to another bank by IBFT, the free monthly limit, and where Raast is free.
Most banks let you send up to Rs 25,000 a month to other banks for free by IBFT (interbank funds transfer). Above that, the usual charge is 0.1% of the amount or Rs 200, whichever is lower. On a Rs 50,000 transfer, that is about Rs 25 to Rs 50 depending on how the bank counts the free limit. Wallets like SadaPay make all transfers free.
Updated for July to December 2026. Checked 22 October 2026. Cheapest first. Figures are the bank's own wording; most exclude FED or sales tax unless stated.
| Bank | IBFT (to another bank) | Raast | Source |
|---|---|---|---|
| Faysal Bank Islamic | IBFT / 1IBFT: Free | Raast services: Free | SOC, p. 44 |
| SadaPay | All outbound and inbound bank transfers: Free | Not listed | SOC |
| Askari Bank | Free up to Rs 25,000 in a month, then 0.1% or Rs 200, whichever is lower, on the amount exceeding Rs 25,000 (including FED) | Inter bank fund transfer through Raast ID: Free | SOC, p. 12 |
| Dubai Islamic Bank Islamic | 0.1% of the transaction amount or Rs 200, whichever is lower, for amount exceeding Rs 25,000 in a month (inclusive of FED and switch charges) | Not listed | SOC, p. 8 |
| Allied Bank | Free up to Rs 25,000 a month per account, then 0.1% or Rs 200 per transaction, whichever is lower, including FED | Raast transactions are free of cost | SOC, p. 13, 14 |
| Bank AL Habib | Free up to Rs 25,000 a month per account; above that 0.1% of the transaction amount or Rs 200, whichever is lower | Not listed | SOC, p. 14 |
| Bank Alfalah | Free up to Rs 25,000 a month (aggregate sending limit), then 0.1% of the transaction amount or Rs 200, whichever is lower | Not listed | SOC, p. 61 |
| Bank of Punjab | Free up to PKR 25,000 a month; amount exceeding that 0.1% of transaction amount or Rs 200, whichever is lower (inclusive of FED/PST) | Interbank fund transfer via RAAST ID: Free | SOC, p. 15 |
| BankIslami Islamic | Free up to Rs 25,000 a month (ATM, internet banking, mobile app); above that 0.1% or Rs 200, whichever is lower | Raast: Free | SOC, p. 8 |
| HBL | Free up to Rs 25,000 accumulated monthly, then up to 0.1% or Rs 200 (inclusive of FED/ST), whichever is lower | Not listed | SOC, p. 10 |
| Habib Metropolitan Bank | Up to Rs 25,000 per month free; above that 0.1% of transaction amount or Rs 200, whichever is lower (including 1Link and government taxes) | Not listed | SOC, p. 21 |
| JS Bank | 1IBFT: no charge up to Rs 25,000 aggregate per month per account/wallet, then 0.1% of the transaction amount or Rs 200, whichever is lower, inclusive of FED/service tax | Raast: Free | SOC, p. 41, 42 |
| MCB Bank | Free up to Rs 25,000 a month per account/wallet, then Rs 200 or 0.1% of the transaction amount, whichever is lower (inclusive of FED/Sales Tax) | IBFT via Raast: Free | SOC, p. 23, 16 |
| Meezan Bank Islamic | Free up to Rs 25,000 a month; above that 0.1% of the transaction amount or Rs 200, whichever is lower | Not listed | SOC, p. 15 |
| National Bank of Pakistan | NIL below Rs 25,000; 0.1% of the transaction amount or Rs 200, whichever is lower, for Rs 25,000 or above | Not listed | SOC, p. 21 |
| NayaPay | Transfer to any local bank through 1LINK: up to Rs 25,000 a month free; above Rs 25,000 a month 0.1% (max Rs 200) | Transfer to any local bank account through Raast: Free | SOC |
| Soneri Bank | Rs 0 up to Rs 25,000 a month; above Rs 25,000, 0.1% or Rs 200 per transaction, whichever is less (inclusive of FED) | Inter bank funds transfer through RAAST (internet/mobile banking): Free | SOC, p. 18 |
| Standard Chartered | 0.1% or PKR 200 per transaction, whichever is lower, for IBFT transactions above a monthly threshold of PKR 25,000 | Not listed | SOC, p. 19 |
| UBL | Free up to Rs 25,000 a month (ATM, Netbanking and digital app combined), then 0.1% or Rs 200, whichever is lower (inclusive of Sales Tax/FED) | IBFT via Raast: Free | SOC, p. 38, 9 |
IBFT or Raast?
Raast is the State Bank’s instant payment system. You send money using the other person’s Raast ID, usually their mobile number, or their IBAN. Every bank that lists Raast in its schedule charges nothing for it, so for larger amounts Raast is usually the cheaper choice. Not every bank lists Raast in its schedule, which is why some rows say “Not listed”.
More bank charges, from the same schedules: ATM withdrawal charges, debit card annual fees and credit card charges compared.
Where these figures come from
Every figure is from the bank’s own Schedule of Charges for July to December 2026, linked in the last column with the page number. Faysal Bank’s latest published schedule is for January to June 2026. Some banks state their IBFT charge including federal excise duty, as shown in their wording.