Governor SBP apprises PM on key features of Roshan Digital Accounts

Syed Umarullah HussainiWeb Editor

31st Aug, 2020. 04:11 pm

Governor State Bank of Pakistan Dr. Reza Baqir on Monday apprised Prime Minister Imran Khan on key features of Roshan Digital Accounts and the plan for their launch.

According to the details, SBP in its official twitter handle said Governor SBP Dr. Reza Baqir apprised the PM on key features of Roshan Digital Accounts and the plan for their launch. These accounts will open a new era of access to Pakistani banks for overseas Pakistanis. Roshan Digital Accounts are coming soon!

Earlier chairing meetings on various sectors of the economy, the prime minister approved the initiative to introduce ‘Roshan Digital Account’ for the overseas Pakistanis. He said that the State Bank of Pakistan (SBP) had been empowered to provide immediate subsidy on house loans.

For the first time in Pakistan’s history, NRPs are being provided an opportunity to remotely open an account in Pakistan through an entirely digital and online process without any need to visit a bank branch. Opening the account will require only a basic set of information and documents. Banks have been asked to complete all necessary customer due diligence within 48 hours. Lifestyle Banking. The Roshan Digital Account will integrate the Pakistani diaspora fully into the Pakistani banking and digital payments system.

This account provides innovative banking solutions for millions of Non-Resident Pakistanis (NRPs) seeking to undertake banking, payment, and investment activities in Pakistan. Fully Digital Account Opening and Operation.

It will provide access to all conventional account services, including funds transfer, bill payments for their families, e-commerce, and other payments in Pakistan.

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