BY : MANZOOR HUSSAIN
The Roshan Digital Account (RDA) is the brainchild of the Government of Pakistan and has been spearheaded by the State Bank of Pakistan. The RDA initiative aims at connecting the diaspora with Pakistan financially by facilitating their remittances, and will operate in collaboration with 8 leading commercial banks operating in Pakistan These banks will provide innovative banking solutions for millions of NRPs enabling them to open an account in any bank through an entirely digital and online process; without having to visit any bank, embassy or consulate. All they need to do is submit the basic set of information and documents.
HOW TO OPEN DIGITAL ACCOUNT ?
Select any of the 8 banks for opening an account (HBL, UBL, Bank Alfalah, Standard & Chartered, MCB, Meezan Bank, Faysal Bank and Samba Bank).Visit the selected bank’s website for filling account opening form digitallySelect the type of Digital Account – a Foreign Currency Account or a Pak Rupee AccountUpload scanned copies of the following documents to open an account:
Passport (Pakistani and/or foreign country)
Proof of non-resident status
Proof of profession and source of income/funds:
For salaried individuals: job certificate/salary slips
For business persons: tax return/ rent agreement/ any proof of incomeDigital photo will be required that will be taken at the time of filling the form, and will be uploaded liveAccount confirmation opening will be sent within 48 hoursAfter account opening, funds can be transferred in the account through banking channels from the country of the residence