Islamic Commercial Bank

DIB Raast, IBFT & Money Transfers

Part of PakFinHub's DIB coverage — instant payments, bank transfers, limits, and charges.

• Rs 500,000/day Limit
• Raast + IBFT + RTGS

Written & reviewed by Dildar Hussain — 10+ years in Pakistani banking, BS Banking & Finance (NUML University)

DIB gives customers three separate ways to move money electronically within Pakistan — Raast, IBFT, and RTGS — plus its own domestic transfer service, FOREE PAISA. They're not interchangeable: each has a different limit, a different charge structure, and a different use case. Here's how DIB's own documentation lays each one out.

Raast

Raast is the State Bank of Pakistan's national instant payment system, and DIB describes it on its own official Raast page as enabling instant digital payments between individuals, businesses, and government entities. Your Raast ID is simply your registered mobile number, linked to your DIB account — it works as a stand-in for sharing your full IBAN or account number with someone sending you money.

DIB's Schedule of Charges doesn't list a separate fee for Raast transfers. That's consistent with the State Bank of Pakistan's broader push to keep person-to-person Raast payments free or near-zero-cost industry-wide — but since we haven't found a DIB-specific "Raast is free" statement in writing, confirm current terms on your DIB app before assuming it costs nothing in every scenario.

Source: DIB Pakistan's official Raast page (dibpak.com/raast).

IBFT (Inter-Bank Funds Transfer)

IBFT moves money to an account at a different bank using the recipient's account number or IBAN, rather than a Raast ID. It's the older, more familiar transfer method and runs through 1LINK's interbank network.

The Rs 500,000/day limit applies separately to IBFT and to Raast, and separately again per channel (Internet Banking vs. Mobile Banking) — so your total available transfer capacity in a day can be higher than 500,000 if you're using more than one channel or method, though DIB's terms note this can be adjusted through DIB Internet Banking on request.

Source: DIB Pakistan's official Schedule of Charges (Inter Bank Fund Transfer Facility section) and official Terms and Conditions for Mobile & Internet Banking Service.

RTGS (Real-Time Gross Settlement)

RTGS is for larger transfers settled directly through the State Bank of Pakistan's PRISM system, rather than 1LINK. DIB's own charges for RTGS are free on its end — but the SBP-side charge still applies, tiered by the time of day you submit the transfer.

Source: DIB Pakistan's official Schedule of Charges, RTGS section.

FOREE PAISA — DIB's Domestic Money Transfer Service

FOREE PAISA is DIB's own branded domestic money transfer service, listed on DIB's official site alongside Raast and IBFT rather than as a third-party product. DIB's public disclosures don't break out separate pricing or a step-by-step process for FOREE PAISA the way they do for Raast and IBFT, so we're not going to guess at charges or limits here — if you need this specifically, confirm current terms with a DIB branch or Phone Banking, since our own review of DIB's published Schedule of Charges didn't surface a dedicated FOREE PAISA line item.

Source: DIB Pakistan's official services listing (dibpak.com), which names FOREE PAISA as its domestic money transfer service.

Which One Should You Use?

Raast, IBFT & Transfers FAQs

Official Sources & Last Verified

Facts on this page were checked directly against DIB Pakistan's official Raast page, its Schedule of Charges, and its official Terms and Conditions for Mobile & Internet Banking. Last verified: August 22, 2026. Limits and charges can change between Schedule of Charges cycles; treat dibpak.com as the source of truth.

Good For

• Understanding the real difference between Raast, IBFT, and RTGS before choosing one
• Knowing your actual daily transfer capacity across channels
• Avoiding IBFT charges by staying under the free monthly allowance

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For independent verification, see State Bank of Pakistan.