Sunday , September 25 2022

Bank of Punjab(BOP)Roshan Digital Account Features

Bank of Punjab has introduced Pakistan’s first fully free Roshan digital account. Roshan Digital Account is a major initiative of the State Bank of Pakistan which provides banking solutions for millions of Non-Resident Pakistanis.

SBP has given permission to the Bank of Punjab to introduce the Roshan Digital Account after which the Bank of Punjab has joined the group introducing digital measures for Pakistanis abroad. Bank of Punjab is providing a free account facility to customers.

Bank of Punjab(BOP)Roshan Digital Account Features

BOP offers Roshan Digital Account for Non-Resident and Resident Pakistanis (with declared assets held abroad) to invest in Pakistan with ease. Customers can open either Foreign Currency USD/ GBP/EUR or Pak Rupee denominated account, under Conventional Banking and Islamic Banking, with exciting investment opportunities i.e Naya Pakistan Certificates/ Islamic Naya Pakistan Certificate issued by government and Term deposit products/Riba Free Certificates of the BanK.

Bank of Punjab(BOP)Roshan Digital Account


Roshan-Digital Account is a major initiative of the State Bank of Pakistan which provides banking solutions for millions of Non-Resident Pakistanis.
BOP offers Roshan Digital-Account for Non-Resident and Resident Pakistanis (with declared assets held abroad) to invest in Pakistan with ease. Customers can open either Foreign Currency USD/ GBP/EUR or Pak Rupee denominated account, under Conventional Banking and Islamic Banking, with exciting investment opportunities i.e Naya Pakistan Certificates/ Islamic Naya Pakistan Certificate issued by government and Term deposit products/Riba Free Certificates of the Bank.
Roshan DigitalAccount will provide prospective customers an exclusive opportunity to remotely open an account in Pakistan through an entirely digital and online process without visiting any BOP branch in Pakistan. Further, the RDA product will provide innovative banking solutions to individuals seeking to undertake banking, payment, and investment activities in Pakistan.
To open an account, Non- Resident customers are requested to access a user-friendly and easy-to-use digital portal by visiting the website. www.bop.com.pk
For Resident Pakistani, accounts can only be opened by visiting BOP branches that are authorized to open Foreign Currency Accounts.
(List of branches: Conventional / Islamic )
Resident Pakistani can open accounts in multiple currencies i.e USD, GBP, EUR. A normal account opening procedure will be followed.
Non-resident Pakistani can open a Joint account with Resident/Non-Resident Pakistanis in NRVA and FCVA.
Resident Pakistani can open FCVA account singly as well as jointly with Resident Pakistani only.
Eligibility Criteria:
Individual Non-Resident Pakistani
Employees or officials of the Federal or Provincial Governments posted abroad in the tax year
Foreign Nationals having Pakistan Origin Card (POC)
Resident Individual Pakistanis who have duly declared assets held abroad as per wealth statement declared in the latest tax return with FBR is eligible for opening of Foreign Currency Value account in an individual capacity.

Account Opening Process
Click on Apply now to fill online Digital Form.
After completion of the Form, press Submit button. The form will be submitted to BOP Roshan Digital Unit.
BOP Roshan Digital Unit will review the Form and respond within 48 hours about the status of the account opening request.
In case of any discrepancy in documents, an email will be generated to the customer for rectification.
The customer should provide a response to bank query within 30 days to keep the application process active
To manage your accounts, please register yourself by creating a login through Register now option
For Balance inquiries or Transaction requests, the Customer will log in by providing registered credentials (ID and Password).

Documentation
Customers are requested to upload scanned documents with account opening request to avoid any delay in processing

Original scanned CNIC/NICOP/POC (Both front and back sides). Original scanned Passport (first 2 pages) (Pakistani and/or foreign country). Signature on a White Paper carrying customer name and Identity Number. Live Photo. Proof of Profession and source of income/funds. Proof of NRP status (POC, Iqama, Visa, Entry/Exit stamps, Work Permit, etc.
W8 Form (If applicable)
W9 Form (If applicable)
CRS declaration

RoshanـDigital Account is a revolutionary step led by SBP itself. Bank of Punjab Roshan۔Digital۔Account will cater to the needs of thousands of Pakistanis abroad.

In case any assistance is required in the completion of the account opening form please contact BOP Helpline +92 (21) 111-267-200 or +92 (42) 111-267-200 or email at rda@bop.com.pk.