Do you send money to Pakistan in your bank account? If you are wondering what is RDA transfer, it simply means sending money to a Roshan Digital Account through official banking channels in an easy and secure way. The Roshan Digital Account helps streamline banking needs for Non-Resident Pakistanis, foreign nationals seeking access, and Resident Pakistanis with foreign declared assets who want a convenient way to move funds to Pakistan for remittances, payments, and investments.

People can send money to a Roshan Digital Account with convenience, and the process of opening an account and transferring funds is relatively straightforward. In this guide, you will understand what the Roshan Digital Account is, how to open an RDA, the step-by-step process for transferring money to it, and which banking corporations offer RDA services.

What is Roshan Digital Account for Overseas Pakistanis?

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 transfer money to Pakistan conveniently and securely, and customers can move funds through secure banking channels from their country of residence. Also, this facility makes it simple to pay bills, make donations, and use investments to generate income through your RDA.

How to Open a Roshan Digital Account: Account Opening Process

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 makes it easier to receive remittances through official channels, including the rupee drawing arrangement and the money transfer service scheme. All you need is an activated Roshan Digital Account in any Bank of Pakistan, which non-residents, including foreign nationals seeking access, can open digitally without needing to visit Pakistan.

 Following are the simple steps that you have to follow to open and activate your RDA.

Step 1

Go to the official website of a participating bank and complete the online form.

Provide the basic mandatory information required to create the Roshan Digital Account, as commercial banks handle the account opening process for eligible customers.

Step 2

You will receive an OTP after the successful submission of the details. Verify the OTP, and complete the required information for account opening.

Step 3

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 investment opportunities such as mutual funds, the stock market, and other companies, depending on the bank’s offering.

 Step 4

You will receive a confirmation email with an additional reference number. The account activation will be guided via email in approximately 2 business days. If needed, you can contact the bank for a summary of required documents, charges, or next steps. Note: some banks may also offer attractive rates on related banking and investment services. 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.

Add Beneficiary using IBAN provided at the time of registration

Select Bank and Transfer Amount (Remittance Amount)

The amount will be credited to your account in the next 2-3 business days. Funds remitted from abroad are credited to the Roshan Digital Account through approved banking channels, 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, qualitative investments, or eligible service and government-related payments, depending on the bank.

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:

Habib Bank Limited (HBL)

Allied Bank Limited (ABL)

Muslim Commercial Bank (MCB)

Bank AL Habib

Bank of Punjab (BOP)

National Bank of Pakistan (NBP)

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 onlineto your family, friends, and associate with the aid of the Roshan Digital Account.