Ecobank Nigeria has again advised its customers to go to any of its branches to deposit old Naira notes into their accounts to avoid a last-minute rush, and also assuring them of gaining a minimum of 8 percent interest on their savings. This is against the backdrop of the Central Bank of Nigeria’s (CBN) January 31, 2023, deadline for the exchange of old Naira notes.
In a message to customers, the bank noted that measures are in place in all its branches to ensure seamless, easy, and stress-free cash deposits by customers, adding that the bank’s branches are now open for business on Saturdays to accept deposits from customers.
Responding to media questions in Lagos, Group Head of Operations & Technology, Dr. David Isiavwe, said there are no charges on cash deposits at any Ecobank branch, no matter the volume. He assured customers of prompt services any day of the week and on Saturdays when the branches are also open to receiving cash.
“We wish to inform our customers not to wait for rush hour to bring their cash to the bank. They should visit any of our branches closest to them to deposit their cash in their account. We have extended our working days to Saturday to enable customers to deposit cash. Though we are impressed with the present turnout of customers, there is still the need for others to comply. We don’t want any of our customers to miss the CBN’s deadline.”
It would be recalled that the Federal Government on December 15, 2022, introduced new 200, 500, and 1000 banknotes into the nation’s financial system.
The CBN said the naira redesign policy is to control currency in circulation, address the hoarding of the banknotes outside the banking system and also address the shortage of clean and fit banknotes in circulation. The apex bank stated that the old banknotes would cease to be legal tender in the country from January 31, 2023.
https://any.peopleandpowermag.com/ecobank-urges-customers-to-deposit-old-naira-notes-avoid-last-minutes-rush/
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