Roshan Digital Account (RDA)

Overview

Roshan Digital Account is a breakthrough initiative in the history of commercial banking by the State Bank of Pakistan to provide innovative banking facilities to all Non-Resident Pakistani (NRPs). NRPs with Pakistan Origin Card can also open and manage their Roshan Digital Account through an online digital platform.

For the first time, the State Bank of Pakistan in collaboration with commercial banks operating in Pakistan has made it possible to allow Overseas Pakistanis to open a bank account remotely with only 14 clicks, by providing only 6 documents and within 48 hours. There is no need to visit a bank branch, the consulate or the embassy. Using the unique features of the RDA Account, the Non-Resident Pakistanis can avail banking services like funds transfer, Bill and Fee Payments, E-Commerce, Remittance and can invest in various instruments in Pakistan.

Benefits of Roshan Digital Account

Easy to Open and Operate

Roshan Digital Account can be opened digitally through the bank designated by SBP.

Followings are the easy steps to open a Roshan Digital Account;

Step 1: Visit the website of the designated bank or install a bank application.

Step 2: Fill out the account form online.

Step 3: Provide the required information

Step 4: Upload the soft copy of required documents

After documents and information verification, the bank will open your Roshan Digital Account within 48 hours.

Investment in Naya Pakistan Certificates

Naya Pakistan Certificates (NPCs) for RDA account holders are USD, PKR, Euro and British Pound-denominated sovereign instruments issued by the Government of Pakistan. Naya Pakistan Certificate offers healthy and market-competitive profits on different maturities. They are available in both conventional and Shariah-compliant versions and administered by the State Bank of Pakistan.

The NPCs are available in five maturities, namely, 3-month, 6-month, 12-month, 3-year and 5-year,
The profit on 3-month, 6-month and 12-month NPCs shall be payable on maturity, whereas the profit on 3-year and 5-year shall be payable to the investors on semi-annual basis.
Repatriable in total with ease and a quick processing
Zakat exempted
Availability of Premature encashment option
Financing Facilities against Naya Pakistan Certificates pledged as a security.
High returns of up to 11% on your investments in multiple currency denominated certificates

Investment in Share through Roshan Equity Investments

Roshan Digital Account holders can easily opt to invest in the Pakistan Stock Market by selecting ‘ Investment in Stock Market’ on the bank’s website/portal/app and taking the following three further steps:

Select Abbasi and Company as your preferred Broker firm
Accept the Terms and Conditions mentioned (This will enable your RDA bank to share your information with Abbasi and Company and capital market entities to open your brokerage account & CDC depository account).
Add funds into your RDA brokerage account (This will transfer funds from your RDA Bank Account into your RDA stock market account with Abbasi and Company and enable you to invest i.e. buy and sell stocks).

Investment in Open Ended Mutual Funds Scheme

Through Roshan Digital Account, NRP can also invest in Mutual Funds which are now an approved investment avenue by the State Bank of Pakistan & SECP.

Roshan Samaj Khidmat

If you want to fulfill your social responsibilities as overseas Pakistani, Roshan Samaji Khidmat is best option for all overseas Pakistanis. All non-resident Pakistanis can make the payment of their zaqat/charity online by using their Roshan Digital Account.

NRP can make Zakat & Donation payments to the following organizations;

Ehsass Donations Fund Account
Ehsaas Koye Bhooka Na Soye Fund Account
Edhi Foundation
Patients’ Behbud Society for AKIJH
Shaukat Khanum Memorial Hospital Donation
Shaukat Khanum Memorial Hospital Zakat
SIUT Pakistan
Sundus Foundation
Supreme Court of Pakistan & Prime Minister of Pakistan Diamer Bhasha & Mohmand Dams Fund – Conventional
Supreme Court of Pakistan & Prime Minister of Pakistan Diamer Bhasha & Mohmand Dams Fund – Islamic

Roshan Apni Car

Roshan Digital Account holder can buy a Car by ApniCar (Auto Finance) facility for their spouse / parents / children residing in Pakistan.

Roshan Apna Ghar

Roshan Digital Account holder can now buy a house/property through housing finance by the bank on easily and reasonable monthly installments. The house finance facility for RDA holders is available with or without collateral.

Key Features of Roshan Digital Account

Foreign Currency & Pakistani Rupee Account

Roshan Digital Account (RDA) can be opened as current account or as saving account. Its can be opened in PKR or foreign currency.

LCY accounts are:

Non-Resident Rupee Value Account (NRVA)-Saving
Non-Resident Rupee Value Account (NRVA)-Current

FCY accounts are:

Foreign Currency Value Account (FCVA)-Saving
Foreign Currency Value Account (FCVA)-Current

Islamic Options

The Roshan Digital Account can be open in both conventional and Shariah-compliant.

Choice of Account

Roshan Digital Account can be;

Single Account
Joint Account
Current Account
Saving Account

Repatriable Account

The account balance in the Roshan Digital Account can easily be repatriable from Pakistan. There is no permission required from any authority to transfer funds.

New Simplified, Convenient and Hassle-Free Tax Regime

The Federal Government has introduced a new simple, convenient, and hassle-free tax regime for Non-Resident Pakistanis (NRPs) having Roshan Digital Account (RDA). This includes all investments made by NRPs in Government debt securities, both conventional and Shariah-compliant, stock market, mutual funds and real estate through RDAs.