How to Use Raast for Instant Bank Transfers

Raast is the State Bank of Pakistan's national instant payment system — it enables real-time, 24/7 bank-to-bank transfers that complete in under 60 seconds. Raast uses IBAN or a Raast ID (typically your mobile number linked to your bank account) for routing between accounts. Participating banks include HBL, MCB, UBL, Meezan Bank, Bank Alfalah, Allied Bank, Bank of Punjab, and a growing number of others. JazzCash and Easypaisa wallets have also integrated Raast for outbound transfers.

Log into your bank's mobile app and look for Raast or Instant Transfer settings. Enable your Raast ID — this is typically your mobile number linked to your bank account. Once enabled, anyone who knows your mobile number can send you money instantly through Raast without needing your full 24-digit IBAN. This makes sharing your payment details much simpler and reduces the risk of errors from long account numbers.

In your bank app, select Raast Transfer or Instant Transfer. Enter the recipient's Raast ID (mobile number) or full IBAN. Enter the amount. Authenticate with your bank's method (PIN, biometric, or OTP). The recipient's account is credited in under 60 seconds. Both parties receive instant push notifications or SMS confirmations. Raast is available 24 hours a day, 7 days a week — including Friday afternoons, public holidays, and weekends.

For businesses needing to pay salaries, vendor payments, or other large batches simultaneously, Raast supports bulk payment processing through the corporate banking interface. All individual transfers in the batch process in real-time. Contact your corporate banking relationship manager for bulk Raast integration options and the technical specifications for your payroll or ERP system.