Now one can invest in both Islamic Naya Pakistan Certificates and conventional with His/her Roshan Digital Account.

Roshan Digital Account is a significant initiative of the State Bank of Pakistan with the collaboration with commercial banks operating in Pakistan. These accounts offer advanced banking solutions for millions of Non-Resident Pakistanis (NRPs) looking for undertaking banking, payment and investment activities in Pakistan.

Eight banks are offering Roshan Digital Accounts to deliver digital banking solutions to millions of Overseas Pakistanis. At present OPs willing to commence banking, payment and investment activities can do so through digital networks without visiting bank branches in Pakistan.

 Any OPs can easily open a bank account in a Pakistani bank from abroad digitally, with easy and simple requirements. Initially, eight banks are offering this service to OPs. The Roshan Digital Account is a traditional bank account that can be opened and operated distantly over the internet.

There are currently eight banks of Pakistan offering digital accounts to Ops, including Roshan Digital Account, a significant initiative of State Bank of Pakistan, in collaboration with commercial banks operating in Pakistan. These accounts provide innovative banking solutions for millions of Non-Resident Pakistanis (NRPs) seeking to undertake banking, payment and investment activities in Pakistan. Bank Alfalah, Faysal Bank, Meezan Bank, Habib Bank, MCB Bank, Samba Bank, Standard Chartered Bank and United Bank.

 Two types of accounts are offered under the umbrella of  Roshan Digital Accounts which are Foreign Currency Value Account (FCVA) and NRP Rupee Value Account (NRV)

 The following Overseas Pakistanis are eligible to open a Foreign Currency Value Account (FCVA). These include A non-resident individual Pakistani, a non-resident POC cardholder, and a Pakistan resident who has held assets abroad, as per wealth statement with the Federal Board of Revenue (FBR). For the time being, these overseas will need to go to a bank’s branch to open his RDO account as digital on-boarding is not yet available for resident Pakistanis and Employees of the Federal and  Provincial Governments posted abroad in the tax year.

After the online form has been completed and documents correctly uploaded, the account will be opened within two working days of the week. If there is any need for more clarification on the bank’s part, their representative will contact the customer.

In RDO Customers already having an account in other Pakistani banks will have to open another new Roshan Digi account with one of the eight banks selected by SBP.

An early age can open RDA concurrently with his/her parents/guardian in RDO after meeting the prescribed formalities and the chosen bank’s policy requirements.

In RDO, the funds are ready in these accounts, and one can use it to make any regular payment and transfer to other local accounts in Pakistan. The funds can also be removed in cash in Pakistan through ATM or cheque.

In RDO banks are allowed to issue ATM/ debit Cards in these accounts, which can be used for payments and withdrawal in Pakistan and abroad. Moreover, banks are also authorised to give cheque books for these accounts, if needed by the account holder. The digital accounts will also provide virtual debit cards in the coming days for shopping in Pakistan or abroad.

In Pakistan, the funds will be paid in Pakistani Rupees. However, if a bank has the arrangement to pay foreign currency through ATM. The disbursement can also be made in foreign currency in case of removal from FCVA.

In case of withdrawal outside from Pakistan, either the resident country’s currency or any other currency offered for a retreat in the relevant country shall be disbursed, subject to terms and conditions of payment scheme, e.g. VISA/Master. It may note that applicable conversion rates may vary from currency to currency.

Once the account is opened, the account holder will have an option to use all sorts of digital services administered by the bank, including internet banking, virtual debit card, etc. However, if the customer wishes, he/she can receive ATM/Debit card and cheque book either through courier or at his/her registered home address abroad or in Pakistan. He can also collect it by physically visiting the branch of a bank.

The bank shall share the services charges for sending the ATM/Debit Cards and cheque book with the account holder and obtain explicit consent from the account holder to send them at a registered mailing address abroad or in Pakistan.

On the use of ATM/Debit card abroad shall be subject to applicable charges per respective bank’s payments schedule.

The funds available in these accounts can be remitted back from Pakistan at any time without prior approval from the bank or SBP. However, in the case of disinvestment in real estate before three years from the investment date, the principal amount invested can be repatriated at any time while the capital gain.

 Suppose any can be repatriated after three years from the date of investment. In case the investment is made in instalments, the date of payment of the last instalment shall be treated as the date of acquisition.

The charges will be applied by the sending bank abroad as per their schedule of payments.

In the case of the account holder’s death, the balance available in the account and the outstanding investment made from the accounts, including accrued profit/return, will be paid to the deceased’s legal heirs following applicable law of inheritance.


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