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Roshan Digital Account

HABIBMETRO proudly presents Roshan Digital account, a State Bank of Pakistan initiative to provide Non-Resident Pakistanis (NRPs) a convenient solution to remit and invest funds into Pakistan for a brighter future for this country.

Eligibility Criteria

  • Non-Resident Individual Pakistani
  • Resident Individual Pakistani who has duly declared assets held abroad, as per wealth statement declared in the latest tax return with Federal Board of Revenue (FBR)*

*Resident individual Pakistanis interested in opening an Foreign Currency Value Account (FCVA) may visit our RDA designated branches to get their account opened. RDA designated branches are listed as follows:

  • DHA Shahbaz Priority in Karachi
  • DHA Z Block in Lahore
  • F-7 Markaz in Islamabad
  • Alfalah Court (for Islamic Banking Sirat only) in Karachi

Account Features

  • No Minimum Balance
  • Can Remit funds into this account through foreign inward remittance via authorized banking channels
  • Current and Savings Account available in PKR, USD, GBP & EURO currencies
  • Available for Conventional and Islamic
  • Hassle-free Repatriation of Funds
  • Invest in Government Securities such as Naya Pakistan Certificates, HMB’s Term Deposit Accounts & Pakistan Stock Market
  • Issuance of Debit Card and Cheque Book*
  • Free Pay Order
  • Free E-Statements
  • Free Web Banking and HMB Mobile App Access
  • Free SMS Alerts for Digital and ADC Transactions
  • 24/7 RDA Support

*Note: For debit card activation and pin generation along with cheque book activation contact our 24/7 helpline.

  • Foreign Currency RDA Customers can register themselves on the HabibMetro Internet Banking Service.
  • Pak Rupee RDA Customers can register themselves for both HabibMetro Internet Banking Service and/or Mobile Banking App.

Naya Pakistan Certificates

Roshan Digital Account (RDA), an SBP initiative for overseas Pakistanis provides these individuals a platform to invest in Pakistan’s future by investing in Naya Pakistan Certificates (NPCs).

These certificates are sovereign government securities that generate high rate of returns for RDA customers that have various tenors ranging from 3-Months to 5-Years available in USD, GBP, EURO and PKR currencies.

The Certificates shall be subscribed by eligible individuals (as defined in Rule 3 of NPC Rules, 2020) through Foreign Currency Value Account (FCVA) or NRP Rupee Value Account (NRVA), being marketed as Roshan Digital Accounts (RDAs) by HMB who include:

  1. Non-Resident Pakistani having National Identity Card.
  2. Foreigners having Pakistan Origin Card
  3. Members of Overseas Pakistanis Foundation
  4. An employee of the Federal Government or a Provincial Government posted abroad

Key Features

  • Available in PKR,Euro,GBP and USD currencies. Pak Rupee RDA customers can invest in PKR denominated certificates and Foreign Currency RDA customers can invest in USD,Euro,GBP denominated certificates
  • Tenors available are 3-month, 6-month, 12-month, 3 Year and 5 Year
  • USD, Euro  & GBP denominated NPCs minimum investment of 5,000 with integral multiples of 1,000 in their respective currencies
  • PKR denominated NPCs Minimum investment of PKR 100,000 with integral multiples of PKR 10,000
  • Early encashment option available
  • No Zakat Deduction

The following rates are available against NPCs before deduction of tax:

Tenor USD Certificate PKR Certificate GBP Certificate Euro Certificate
3-Month 5.50% p.a 9.50% p.a 5.25% p.a 4.75% p.a
6-Month 6.00% p.a 10.00% p.a 5.50% p.a 5.00% p.a
12-Month 6.50% p.a 10.50% p.a 5.75% p.a 5.25% p.a
3-Year 6.75% p.a 10.75% p.a 6.25% p.a 5.50% p.a
5-Year 7.00% p.a 11.00% p.a 6.50% p.a 5.75% p.a


Note:
 These rates are subject to W.H.T of 10% currently and subject to change as per the directives of SBP.

Tutorial Video

Required Documents

  • Original Scanned Valid Identity Document (CNIC/ SNIC/ NICOP/POC, POR etc)
  • Original Scan Passport Valid Passport (first two pages, Pakistan and/or foreign/other countries)
  • Proof of NRP status (Scanned copy of POC, visa entry/exit stamps on passport etc.)
  • Proof of profession and Source of income / Funds (scanned copies of any of the following: Job certificate, tax return, rent agreement, salary slip, etc.)
  • Scanned Signature Specimen on white card (with black ink)
  • Live Photo / Digital Photo
  • Valid Overseas Pakistanis Foundation Membership Card (if applicable)

Additional Information

Q1. What is HABIBMETRO Roshan Digital Account?

  1. Roshan Digital Account is an initiative of the State Bank of Pakistan, in collaboration with commercial banks operating in Pakistan. These accounts provide innovative banking solutions for millions of Non-Resident Pakistanis (NRPs) seeking to undertake banking, payment and investment activities in Pakistan.

Q2. What does Repatriable mean?

  1. A Repatriable account enables you to transfer your funds from Pakistan to your country of residence / to your country of origin from the account, which was originally transferred to the RDA.

Q3. How do I repatriate my funds?

  1. You can repatriate your funds by initiating a request through by filling out the request form online or send the request to the RDA email (rdasupport@habibmetro.com)

Q4. Who is eligible for Roshan Digital Account?

  1. A customer is eligible to open an account under this product if he/she is any of the following:
  • A Non-Resident Individual Pakistani
  • A Resident Individual Pakistani who has duly declared assets held abroad, as per wealth statement declared in the latest tax return with Federal Board of Revenue (FBR)

Q5. Which currencies are available for HABIBMETRO RDA?

  1. Only PKR for NRP Rupee Value Account (NRVA) and USD, GBP & EUR for Foreign Currency Value Account (FCVA) are available for the opening and operation of RDA.

Q6. Are Resident Pakistanis also eligible for the opening of RDA?

  1. Yes, Resident Pakistanis are also eligible for the opening of FCY RDA. It is available for only those Resident Pakistanis who have declared their assets abroad as per their wealth statement declared in the latest tax return declared to the Federal Board of Revenue (FBR).

Q7. How do I apply for RDA?

  1. RDA opening facility is available on HABIBMETRO online portal.

Q8. Can I operate my account from HMBs online RDA portal?

  1. No, RDA can be operated from HABIBMETRO’S web / Internet banking services.

Q9. How long will it take to open my account?

  1. The turnaround time (TAT) for the opening of RDA is two working days only, if the application submitted by the individual is complete in all respects. In case of any discrepancies, the TAT will vary in accordance with the resolution of these discrepancies.

Q10. What documents are required for the opening of RDA?

  1. The successful opening and activation of RDA are subject to the provision of the following documents:

Original Scanned Valid Identity Document (CNIC/ SNIC/ NICOP/POC, POR etc.)

Original Scan Passport Valid Passport

Proof of NRP status (Scanned copy of POC, visa entry/exit stamps on passport etc.)

Proof of profession and Source of income / Funds (scanned copies of any of the following: Job certificate, tax return, rent agreement, salary slip, etc.)

Scanned Signature Specimen on white card (with black ink)

Live Photo / Digital Photo

Valid Overseas Pakistanis Foundation Membership Card (if applicable)

Q11: Can I invest funds from RDA?

  1. Yes, you can, in financial securities such as the Naya Pakistan Certificate (NPC). You can also invest in stocks on the stock market through CDC and invest in PIBs & T-Bills etc. In addition, you can also invest your funds in a fixed-term deposit account of HABIBMETRO Bank.

Q12. Can I pay my utility bills through this account?

  1. Yes you can, through HABIBMETRO Internet / Web Banking from your PKR account.

Q13. Is debit card facility available for HABIBMETRO RDA?

  1. Yes, available for PKR account only.

Q14. Is Cheque Book facility available for HABIBMETRO RDA?

  1. Yes.

Q15. Can the debit card be used for Point of Sale (POS) transactions?

  1. Yes, POS transactions can be done both locally and internationally at any accepted VISA POS terminal.

Q16. What is HABIBMETRO Banks hPOS facility?

With HMB’s exclusive hPOS feature, where a customer can withdraw money from any HMB branch counter through his / her ATM Debit Card.

Q17. How can I request for a Cheque Book?

  1. Cheque Book can be requested online via mobile/web banking. The Cheque Book will be delivered through an international courier service at your mailing address where courier charges will be applicable.

Q18. How can I request for a Debit Card?

  1. Debit Card can be requested online via mobile/web banking. The Debit Card will be delivered through an international courier service at your mailing address where courier charges will be applicable. Debit Card charges will also be applicable as per the schedule of charges.

Q19. Can I withdraw funds internationally through the Debit Card?

  1. Yes, ATM withdrawal facility is available internationally through Debit Card.

 

Q20. Are there any deductions on profit of NRVA Savings Account?

  1. No, there are no deductions on the profits incurred from NRVA Savings account.

Q21. Are there any deductions on profit of FCVA Savings Account?

  1. Yes, however, for residents only whereby withholding tax and other government levies, where applicable, are deductible from this account. Non-residents are exempt from any such taxes on their profits incurred on their FCVA Savings Accounts.

Q22. Is Zakat deductible from Roshan Digital Savings Account?

  1. For RDA Accounts –payment of Zakat is exempted

Q23. What are Naya Pakistan Certificates?

  1. The Government of Pakistan issues Naya Pakistan certificates to enable RDA holders to invest in short term and long-term certificates and earn high returns.

Q24. Which currencies are available for Naya Pakistan Certificates?

  1. Naya Pakistan Certificates are available PKR, USD, GBP and EURO currencies. Only PKR account holders can avail PKR certificates, and FCY account holders can avail in USD, GBP and EURO currencies.

Q25. What tenors are available for Naya Pakistan Certificates? 

  1. Naya Pakistan Certificates are available in 3-month, 6-month and 12-month, 3 Year & 5 years tenors.

Q26. Can I make investments under RDA?

  1. Yes, as an RDA holder, you are eligible to invest in real estate, government securities and HMB’s term deposit accounts.

Q27. How can I invest in Naya Pakistan Certificates?

  1. You can invest in Naya Pakistan Certificates through the HABIBMETRO bank’s web/ Internet banking services.

Q28. Is Premature Encashment facility available for NPC?

  1. Yes, the investors can have premature encashment of their certificates. Premature encashment proceeds shall be worked-out such that rate of return accruing to that investor is equivalent to the rate of return of the nearest shorter maturity of Certificates or such rate as may be notified by Finance Division from time to time. However, no profit shall be paid in case of encashment of certificates before completion of (three) months.

Q29. Is the NPC subject to tax on profit payment? 

  1. Yes, the profit of the Certificate will be subject to deduction of 10% (ten percent) Withholding Tax on profit at source, i.e. profit payment will be made net of tax deduction.

HABIBMETRO offers Roshan Apni Car facility for Non-Resident Pakistanis (NRPs) and Foreign Nationals having a Pakistan Origin Card. This facility will allow Overseas Pakistanis who hold a Roshan Digital Account at HABIBMETRO to purchase a vehicle for their loved ones residing in Pakistan.

Eligibility Criteria:

  1. HABIBMETRO RDA Holders are allowed to avail auto financing under this scheme for their loved ones residing in Pakistan.
  2. Co-borrower residing in Pakistan is mandatory.
  3. Monthly installment to be paid through direct debit instructions from Roshan Digital Account.
  4. Family members including Father, Mother, Spouse, Siblings are allowed to be the beneficiary of this loan.

Lien Based Financing:

  1. No age requirement for lien-based customers
  2. No loan limits for lien-based customers
  3. Tenure up to 7 years
  4. Lien to be marked on 100% equivalent to net financing amount will be marked on applicant’s IPC/NPC/RDA Deposit and 120% in case of foreign currency account
  5. New/Used locally manufactured vehicles to be financed
  6. No equity requirement for lien -based customers

Salaried/Businessmen/ Remittance Based:

  1. Maximum age at the time of loan maturity for salaried must be 65 years or retirement age whichever comes first at the completion of the financing tenure
  2. Loan limits from PKR 300,000/- up to PKR 10,000,000/-
  3. Tenure up to 7 years
  4. New/Used locally manufactured vehicles to be financed
  5. Minimum 15% requirement for salaried/ businessmen and remittance-based customers
  6. Minimum net income to be 40% for salaried/ businessmen and 75% of monthly installment for remittance-based customers

Pricing:

Rate   Lien Product Non-Lien Product
Floating SBP Floor+1% KIBOR+1%
Fixed  COD+1% PKRV+1.5%
2Y 8.25% 10.25%
3Y 8.50% 10.75%
4Y 9.00% 11.00%
5Y 9.25% 11.25%
6Y 9.35% 11.35%
7Y 9.50% 11.50%

 

Basic Documentation:

  1. Complete Application Form
  2. Copy of CNIC/NICOP/POC/Smart ID
  3. Latest Photographs

 

Documentation Requirement as per Segment
Lien Based Salaried Businessmen Remittance Based
Customer Undertaking to mark lien on collateral Salary Slip (if not provided at the time of RDA Opening) ·    Tax return or any other proof of income (If not provided at the time of RDA Opening) Remittances through RDA or any other account (Proof required)
·    Latest 6 months Bank Statement

HABIBMETRO Roshan Digital Account (RDA) holders may donate / pay Zakat to the following institutions through internet banking:

  • The Indus Hospital
  • Shaukat Khanum Hospital
  • SIUT Hospital
  • The Citizens Foundation
  • PM/CJ Bhasha & Mohmand Dam
  • PM Covid-19 Pandemic Relief Fund
  • Jafaria Disaster Management Cell (JDC)

In case you have any further queries, you can:

  1.  Check our FAQs
  2.  Call our 24/7 helpline at (+9221) 111 142 242
  3.  Mail us at rdasupport@habibmetro.com
  4.  Chat with us by using our live WhatsApp service at (+923093141414).

If you require further information or wish to provide any feedback or queries on Roshan Digital Account, you may also visit State Bank of Pakistan’s website at http://www.sbp.org.pk/RDA/index.html or email at RDAsupport@sbp.org.pk