17 Jun 2022
Do you send money to Pakistan in your bank account? The Roshan Digital Account can help you streamline your monetary needs. The significant advantage of the Roshan Digital Account is to accommodate Non-Resident and Resident Pakistanis with foreign declared assets. People can send money to the Roshan Digital account with convenience.
The process of registering a new account and transferring funds to an RDA is pretty effortless. Let’s understand the factors regarding how to send money to Roshan Digital Account.
What is Roshan Digital Account?
For all NRPs (Non-Resident Pakistanis), Roshan Digital Account (RDA) is an all-in-one solution. The RDA can be opened through an easy registration procedure. All you need is to register via an online application or website from the banking network of your choice.
An individual with access to Roshan Digital Account can send money to Pakistan conveniently and securely. Also, paying bills and investing in various fields of your choice through your RDA is simple.
How to Open a Roshan Digital Account?
Around an approximate figure of 9 million Pakistanis are residing in different foreign countries. The individuals transfer money on a weekly, monthly, and annual basis. In most cases, it was nearly impossible to manage the cross-border transfer of funds due to restrictions overseas. But now, Roshan Digital Account welcomes all foreign money transfers easily and comfortably. All you need is an activated Roshan Digital Account in any Bank of Pakistan.
Following are the simple steps that you have to follow to open and activate your RDA.
Go to the official website of any registered international bank in Pakistan.
Provide basic mandatory information required for the creation of the Roshan Digital Account.
You will receive an OTP after the successful submission of the details. Verify the OTP, and complete the required information for account opening.
Select the type of Roshan Digital Account, i.e., Pakistani Rupee Account or Foreign Currency Account. All the transactions will be hosted from the account in the selected account category type.
For FCY accounts, USD, EUR, GBP, AED, etc., currencies will be used. Whereas for PKR accounts, the Pakistani Rupee will be used for a transaction, whether cash deposit, online money transfer to Pakistan, or any investment opportunities.
You will receive a confirmation email with an additional reference number. The account activation will be guided via email in approximately 2 business days. That’s it! And you are done with the process for Roshan Digital Account creation.
Send Money to your Roshan Digital Account
If you already have a Roshan Digital Account, you can send money from international countries in simple and easy steps. The procedure for money transfer is swift, secure, and reliable. Follow these simple steps and get started with your money transfer to your Roshan Digital Account.
The amount will be credited to your account in the next 2-3 business days. The remittance will be credited into Roshan Digital Account, and no local deposits will be entertained for money transfers to RDA. You can use different remittance services to transfer funds to your Roshan Digital Account. The funds can later be used for money transfers to friends and families or qualitative investments.
Banking Corporations Promoting Roshan Digital Account
Roshan Digital Account was launched by the State Bank of Pakistan (SBP) in 2020. The SBP allowed various banking organisations to provide operational services for Roshan Digital Account. The list of banks includes:
Overseas Pakistanis can register online and obtain access to RDA within a few working days. Remittance transfer has never been much easier, but RDA has changed the perspective of international funds transfer. Now, you can send money to Pakistan online to your family, friends, and associate with the aid of the Roshan Digital Account.