Roshan Digital Account was introduced on 10th September 2020. It is a major initiative of State Bank of Pakistan (SBP), in collaboration with commercial banks operating in Pakistan. Roshan Digital Accounts will provide all banking facilities for millions of Non-Resident Pakistanis (CNIC/NICOP / POC holders) seeking to undertake banking, payment and investment activities in Pakistan.
Opening of account is an entirely digital and online process without any need to visit bank branch. Account can be opened in Foreign Currency and Pakistani Rupee and is operational within 48 hours. The Roshan Digital Account will fully integrate the Pakistani diaspora with Pakistan’s banking and payment system by:
- Providing digital access to all conventional account services including funds transfer, bills and fee payments, and e-commerce.
- Enabling investment in Naya Pakistan Certificates (NPCs) being issued soon by the Government of Pakistan at attractive risk-free rates.
- Enabling investment in Pakistan’s stock market.
- Opening up investment opportunities in the Pakistani property market very soon, including both commercial and residential real estate.