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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 a Foreign Currency Value Account (FCVA) may visit the following branches to get their account opened:

  • DHA Shahbaz Priority in Karachi
  • DHA Z Block in Lahore
  • F-7 Markaz in Islamabad
  • Alfalah Court 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

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.

Features:

  • HABIBMETRO RDA Holders are allowed to avail auto financing under this scheme for their loved ones residing in Pakistan.
  • Co-borrower residing in Pakistan is mandatory.
  • New locally manufactured vehicles to be financed
  • Tenure up to 7 years.
  • Monthly installment to be paid through direct debit instructions from Roshan Digital Account.
  • Family members including Father, Mother, Spouse, Siblings are allowed to be the co-borrowers in this loan.

Salaried/Businessmen/ Remittance Based:

  • 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.
  • Loan limits from PKR 300,000/- up to PKR 10,000,000/-.
  • Minimum 15% Equity requirement for salaried/ businessmen and remittance-based customers.
  • Maximum installment to be 40% for salaried/ businessmen and 75% of net income for remittance-based customers.

Lien Based Financing:

  • No age requirement for lien-based customers
  • No loan limits for lien-based customers.
  • 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.
  • No equity requirement for lien -based customers.
  • No minimum income requirement.

Loan Calculator:

Please click on the link below to download and calculate your tentative instalment

Download

Pricing:

Rate   Lien Product Non-Lien Product
Floating 7.25%

 

SBP Floor+1%

(Current SBP Floor = 6.25%)

10.33%

 

KIBOR+1%

(Current 1 Year KIBOR = 9.33%)

Fixed 8.00%

 

COD+1%

(Current Cost of Deposit = 7%)

10.55%

 

PKRV+1.5%

(Current 1 Year PKRV) = 9.05%)

2Y 8.25% 11.13%
3Y 8.50% 11.40%
4Y 8.75% 11.46%
5Y 9.00% 11.60%
6Y 9.00% 11.85%
7Y 9.00% 12.05%

 

Note

  • SBP Floor will be used as proxy for bank cost of funds/deposits; Floor= SBP Floor, currently @ 6%
  • “COD” implies the relevant tenor fixed-rate Deposit, applicable for the month in which the loan is drawn down.
  • Benchmark rates are subject to change as per market conditions


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)

· Latest 6 months Bank Statement

Remittances through RDA or any other account (Proof required)

 

Turn Around Time:

Online application submission till applicant’s consent: 1-2 working days

Applicants’ credit, income checks and verification till approval stage: 1-2 working days

Legal documents signing till loan disbursal stage: 1-2 working days

Post disbursal activities: 1-2 working days

Vehicle Delivery: As mentioned in below table

Delivery Time by Manufacturers (Approximately)
Manufacturer Variants Tentative Delivery Time For RDA Holders
Honda Atlas City 2-3 Months Priority delivery up to half from actual delivery time.
Civic 3 to 4 months
BR-V 2 Months
KIA Sportage 3 Months Priority delivery up to half from actual delivery time.
Picanto 3 Months
Carnival 2 Months
Sorento 4 Months
Toyota Indus Motors Yaris 2 to 3 Months Booking Month + 2
Corolla 1.6 & 1.8 6 to 7 Months
Grande 6 to 7 Months
Revo 6 to 7 Months
Fortuner 6 to 7 Months
Pak Suzuki Alto 2 Months Priority delivery up to half from actual delivery time.
WagonR 2 Months
Cultus 4 Months
Swift 3 Months
Bolan 2 Months
Ravi 2 Months
Hyundai Tuscon 6 to 7 Months Booking Month + 3

*TAT may extend in case of any additional scrutiny, delay at customer’s end or any unforeseen circumstance beyond Bank’s control

Frequently Asked Questions(FAQs):

Q: Where can I submit my loan request?

A: Loan applications may be submitted through HabibMetro’s online web banking portal

Q: Who can be co-borrowers for Roshan Apni Car?

A: Family members including Father, Mother, Spouse, Siblings of RDA Holder in HabibMetro Bank are allowed to be co-borrowers.

Q: Would I be able to withdraw from my RDA, in case I am a lien-based customer?

A: You will not be able to withdraw from the lien marked amount only.

Q: Is remittance through banking channel mandatory?

A: Remittance through banking channel is mandatory only for remittance-based segment.

Q: How long will it take to processing my loan?

A: The Bank generally takes 7-10 working days to process the loan provided there is no delay at customer’s end.

Q: Is there any other source of income required for the co-borrower (family member in Pakistan)?

A: No, there is no source of income required for co-borrower.

Q: What is the minimum equity or contribution requirement?

A: The minimum equity or contribution requirement is 15% of car price. For example, if the invoice value of the applied vehicle is PKR 2 Million, the applicant will be required to fund 15% of PKR 2 Million himself/herself. However, there is no equity requirement for lien-based customer.

Q: What is the minimum documentation requirement?

A: The minimum documentation requirement is as following for RDA Holders:

  • Online loan request
  • Bank statement/salary slips/remittance proof (if not provided at the time of account opening)
  • Legal documents will require wet signature of applicant.

Q: Which type of cars can be financed?

A: New, locally manufactured vehicles.

Q: Is there any verification of income required from RDAs?

A: No income verification of RDA Holder is required.

Q: Is verification of co-borrower residing in Pakistan required?

A: Only telephonic verification of co-borrower will be done.

Q: What are the insurance and tracker charges?

A: Please find below table for insurance and tracker rates along with other necessary details.

Auto Finance Insurance Rates For RDA Customers
Adamjee EFU Jubilee UBL Insurers Habib Insurance
Exclusive Rates (Standard Product)
– Without Tracker
– With Tracker
1.50%
1.99%
1.50%*
1.99%*
1.75%*
1.99%*
1.40%
1.89%
1.38%
1.85%
Rates with Add-ons (VAS*)
– Without Tracker
– With Tracker
2.90%
3.50%
1.50%
1.99%
2.25%
2.50%
2.90%
3.50%
1.38%
1.85%

 

*Value Added Services
Adamjee
§ Road Accidental Death Cover for loan borrower of sum insured of vehicle or PKR 2.5 Million whichever is less.
§ Health Insurance plan of 20% of Vehicle’s Sum Insured or PKR 500,000 whichever is less. (Applicable for Age limit not more than 60 years)
§ Online unlimited medical consultancy (Sehat Kahani) with Audio and Video call Both options for General Physician + Specialist. Facility available for loan borrower, Spouse and Kids
§ Travel Insurance plan for loan borrower of USD 50,000 (Only applicable for Vehicle with sum insured above PKR. 2 Million).
EFU § Personal accidental death coverage of PKR 2.5 million of the life of policy holder.
Jubilee
§ Full outstanding financed amount to be paid by Jubilee General in the event of accidental death of Roshan Digital Account Holder, anywhere in the world.
§ Free medical expense cover up to PKR 1,000,000/- in case of hospitalization of Roshan Digital Account holder during the trip to Pakistan for 30 days.
§ Rates are applicable up to vehicle value of PKR 10 Million.
UBL Insurer § Personal accidental death coverage of PKR 2.5 million of the life of policy holder.
Habib Insurance § Personal accidental death coverage of PKR 2.5 million of the life of policy
holder.
§ Remaining Principle Auto Finance Loan Protection in case of RDA Holder’s death
§ Travel insurance plan upto USD 50,000

HABIBMETRO representative will contact you or your family member within 2 working days.

HABIBMETRO Roshan Digital Account (RDA) holders can now buy, build or renovate a home for their loved ones residing in Pakistan, through the Roshan Apna Ghar facility.

Non-Resident Pakistanis (NRPs) and Foreign Nationals having a Pakistan Origin Card are eligible for opening Roshan Digital Account and applying for Roshan Apna Ghar.

Roshan Apna Ghar also covers investment in property without taking a loan from the bank in which case the bank will arrange valuation of property to be used for repatriation purpose. Furthermore, all payments including the Token / Advance amount is to be paid through the RDA account. Customer to also provide a copy of executed title deed for Bank’s record.

In case of disinvestment before three (3) years, the funds can be repatriated up to the lower amount of sale proceeds or principal investment amount in PKR on the date of investment. The differential amount, if any, and any profit earned from eligible investments made out of this amount may be repatriated after the expiry of three (3) years from the date of investment.

Roshan Apna Ghar Offers:

  • Automated journey for swift processing of the loan
  • Maximum financing is available against property value
  • Exclusive price offering
  • Flexibility to make partial pre-payments with zero charges after the first year
  • For the first year, 1% will be charged upon early termination; after which no charges will be levied
  • Processing fee of PKR 4,000/- (exclusive of FED)
  • Monthly installment to be paid through direct debit instructions from Roshan Digital Account
  • No minimum income requirement

Pricing for HABIBMETRO Home Financing:

Rate Lien Product Non-Lien Product
Variable 1 Year KIBOR 1 Year KIBOR + 1.5%
Fixed 5 Year PKRV 5 Year PKRV + 1.5%

 

Pricing for Government mark-up subsidy scheme (GMSS):

Tenure Tier 1 Tier 2 Tier 3
First 5 years 3% 5% 7%
Next 5 years 5% 7% 9%
Period exceeding 10 years 1 year KIBOR + 2.5% 1 year KIBOR + 4% 1 year KIBOR + 4%

 

Salient Features:

  • HABIBMETRO Roshan Digital Account Holders are allowed to avail home financing under this scheme for their loved ones residing in Pakistan
  • Immediate family members are allowed to be the co-applicant in this loan (if applicable) – In absence of a co-applicant, a Nominee would be required who may be a lawyer, a relative, or a friend to facilitate the transaction in Pakistan)
  • In the case of Nominee, special power of attorney would be required duly attested by the relevant Pakistani Embassy (For Sample Format Click Here)
  • Up to 4 co-borrowers can be added for the purpose of income clubbing who should be Non- Resident Pakistani (NRP) and immediate family members (children, siblings, parents and spouse)
  • Optional life insurance covering death (due to any cause) and accidental/natural disability
  • Free property insurance (covering the financing amount)
  • Government mark-up subsidy scheme (GMSS) for housing financing will be applicable per already defined criteria under respective tiers
  • The maximum age of the salaried applicant must not exceed 60 years, however, it may be extended to 65 years provided the applicant justifies that he/ she can repay the loan even after retirement age
  • The maximum age of a non-salaried applicant must not exceed 65 years
  • Minimum overall employment/business tenure of two (2) years

HABIBMETRO Home Financing:

  • Loan limits from PKR 500,000/- to PKR 10,000,000/- for renovation with no maximum limit to Buy / Build
  • Debt to Equity Ratio under Buy / Build: Maximum financing (debt) of up to 85% of property value
  • Debt to Equity Ratio under Renovation: Financing of up to 40% of property value
  • Financing tenure of minimum 3 years and a maximum of 25 years

Government Mark-Up Subsidy Scheme (GMSS) – Mera Pakistan, Mera Ghar:

  • Financing range of up to a maximum of PKR 10,000,000/-.
  • Loan to Value (LTV) of up to a maximum of 90% (under T1 & T2) and up to a maximum of 85% (under T3)
  • Maximum size of the unit of up to 250 sq. yds. (10 Marla) for a house and maximum covered area of 2,000 sq. ft. for flat / apartment
  • Financing tenure of minimum 5 years and a maximum of 20 years

Lien Based Financing:

  • Debt to Equity Ratio under Buy / Build: Maximum financing (debt) of up to 99% of property value
  • Debt to Equity Ratio under Renovation: Financing of up to 40% of property value
  • 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
  • Financing tenure of minimum 3 years and a maximum of 25 years (5 to 20 years in case of GMSS)
  • A copy of executed title deed would be required (property mortgage not needed)

Loan Calculator:

Please click on the link below to download and calculate your tentative installment

Download for GMSS |  Download for HabibMetro Home Finance

 

Documentation Requirement:

  • Copy of co-applicants CNIC / NICOP (if applicable)
  • Employer Certificate (if applicable)
  • Last 3 month’s salary slips (if applicable)
  • Valid business proof (if applicable)
  • Last 12 months’ bank statement (original or duly attested by the bank)
  • Copies of last 2 years tax documents (where applicable)
  • Copy of property title documents (if already selected)
  • Any other documents (Optional)

Customer Onboarding Journey :

Turn Around Time (TAT*):

  • Online application submission till applicant’s consent along with credit, income checks, and verification till approval stage: 1-4 working days
  • The decision of the bank on the loan: 1-2 working days
  • Property Finalization / Title Documents for obtaining Preliminary Legal Opinion & Appraisal Report from submission of complete documents: 10-15 working days
  • Legal documents signing till loan disbursal stage: 3-5 working days
  • Completion of Registrar requirements & Disbursement: 10-15 working days

*TAT may extend in case of any additional scrutiny, delay at the customer’s end, or any unforeseen circumstance beyond the Bank’s control

Frequently Asked Questions (FAQs):

Q: Where can I submit my loan request?

A: Loan applications may be submitted through HABIBMETRO’s online web banking portal

Q: Who can be co-borrowers for Roshan Apna Ghar?

A: Family members including Father, Mother, Spouse, Siblings of RDA Holder in HABIBMETRO Bank are allowed to be co-borrowers.

Q: Would I be able to withdraw from my RDA, in case I am a lien-based customer?

A: You will not be able to withdraw from the amount marked as lien; withdrawals can be made from the amount over and above that.

Q: Is remittance through the banking channel mandatory?

A: Remittance through the banking channel is mandatory only for the remittance-based segment.

Q: How long will it take to process my loan?

A: The Bank generally takes 7-10 working days to process the loan provided there is no delay at the customer’s end.

Q: Is there any other source of income required for the co-borrower (family member in Pakistan)?

A: No, there is no source of income required for a co-borrower.

Q: What is the minimum documentation requirement?

A: The minimum documentation requirement is as following for RDA Holders:

  • Online loan request
  • Bank statement/salary slips/remittance proof (if not provided at the time of account opening)
  • Legal documents will require a wet signature of an applicant
  • The list of “documentation requirements” is available on our RDA webpage

Q: What purpose/category can be covered under Home financing?

A: For buying, building, or renovating your home in Pakistan.

Q: Is the verification of co-borrower residing in Pakistan required?

A: Both physical (residence & office) and telephonic verification of co-borrower will be done.

Q: Can a developer / builder enlist their project(s) with HMB?

A: Yes, in case any developer / builder intends to enlist their project with HMB, kindly contact the bank at the following email ID: rdasupport@habibmetro.com

 

Contact our Dedicated Representatives

Name Designation City Email Address
Anwer Kamal Ansari RM Karachi anwer.ansari@habibmetro.com
Mohammad Asghar RM Karachi asghar.tejani@habibmetro.com
Nadia Rafi RM Karachi nadia.rafi@habibmetro.com
Abdul Majeed RM Islamabad majeed.khan@habibmetro.com

Non-Resident Pakistanis (NRP) now have the option to invest in Pakistan’s Stock Market through their HABIBMETRO Roshan Digital Account (RDA) subject to the applicable terms & conditions and any SBP’s directive in this respect. This is an ideal opportunity for overseas Pakistanis to invest/trade in the Stock Market while contributing towards the growth of Pakistan’s economy.

To invest in the PSX, HABIBMETRO RDA customers can open their Central Depository Company (CDC) Account and Trading Account with
selected Broker, digitally, through the following simple steps:

  • Log in to the HABIBMETRO Internet Banking portal.
  • Select the ‘Stock Market Investment’ option
  • Select ‘Broker’; read and accept the Terms & Conditions and Disclaimer
  • On submitting the request, your information will be shared with CDC for processing account opening and related procedures
  • On receiving confirmation/related information from CDC and the Broker you can start investing in the stock market
  • To start trading, transfer your funds via e-collections under the online payments section on Internet Banking.
  • A more detailed process tutorial for the same can be viewed below:

Market Research Report :

Research Report 6th Aug, 2021
Research Report 13th Aug, 2021
Research Report 20th Aug, 2021
Research Report 3rd Sep, 2021
Research Report 01st Oct, 2021
Research Report 08th Oct, 2021

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

Roshan Samaaji Khidmat FAQs

Q1. Can I make donations in Pakistan using my RDA account?

A. Yes, you can donate funds to charity organizations or through zakat from your RDA accounts.

Q2. How  can Imake a donation through my RDA account?

A. You can donate through your RDA account by following the simple steps provided below:

  1. Please login to HabibMetro Internet Banking using your ID and password.
  2.  Please search the Roshan Digital Account tab and click.
  3. Under the Roshan Digital Account tab, please click the Roshan Samaaji Khidmat tab
  4. You will then have options of charitable organizations to choose from to make your donation payment.
  5. You can then enter your desired donation amount, enter the OTP and confirm your donation payment. After the donation, a receipt will be generated providing your donation details for reference.

Q3. Can I donate via my foreign currency account?

A. Yes, you can donate using your foreign currency RDA account as well as  Non Resident Rupee Value Account

Q4. Are there any charges associated with performing donations/zakat?

A. No, there are no additional charges associated with donation/zakat payment.

Q5. How will I know that the donation has been made once done?

A. After you have made the donation from the internet banking portal, a receipt will be generated specifying your payment donation details and confirmation that the donation has been made.

Q6. Can I donate from my Roshan Digital Account by visiting any HabibMetro Branch?

A. No, this donation service is purely digital which is present on our internet banking portal.

Q7. How long does it take for the charitable organization to receive the donation?

A. The donation payment is real time, hence, upon successful generation of your transaction receipt, the charitable organization will receive your donation.

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) and Resident Pakistanis who have declared their assets abroad seeking to undertake banking, payment and investment activities in Pakistan.

   Q2. Who is eligible for Roshan Digital Account?

A customer is eligible to open a Roshan Digital Account if he/she is:

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

Q3. Which currencies are available for HABIBMETRO RDA?

  1. PKR currency is available for NRP Rupee Value Account (NRVA) and USD, GBP & EUR currencies are available for Foreign Currency Value Accounts (FCVA)

Q4. Can I apply as a joint account holder for RDA?

  1. Yes, you can apply for a joint account.

Q5. How many joint account holders can be included as ‘signatories’ while opening RDA?

  1. Maximum of (03) joint account holders can be included as ‘Signatories’ while opening RDA.

Q6. How do I apply for RDA?

  1. Non-Resident Individual Pakistanis can apply for RDA via Habib Metro online portal at https://roshandigital.habibmetro.com/ Account opening video tutorial for RDA can also be viewed for reference and guidance at our website.

Resident Individual Pakistanis can open their Roshan Digital Account by visiting any one of our RDA designated branches provided below:

  • DHA Shahbaz Priority Karachi
  • Alfalah Court Karachi (Islamic Branch)
  • DHA Z Block Lahore
  • F-7 Markaz Islamabad

 

Q7. How long will it take to open my account?

  1. It takes 48 hours for the account to be opened provided the submitted application is complete and accurate in all respects.

 Q8. What documents are required for the opening of RDA?

  1. The documents required from non-resident Pakistanis are:
  • Original Scanned Valid Identity Document (CNIC/ SNIC/ NICOP/POC)
  • Original Scan Passport Valid Passport
  • Proof of NRP status (Scanned copy of POC, visa entry/exit stamps on passport)
  • Proof of profession and Source of income / Funds (scanned copies of any of the following: Job certificate, tax return, rent agreement, salary slip)
  • Scanned Signature Specimen on white card (with black ink)
  • Live Photo / Digital Photo (selfie)

 

For Resident Pakistanis, in addition to the bank’s existing account opening requirements, they will have to provide their latest FBR Wealth Statement with assets declared abroad to qualify for Roshan Digital Account.

Q9.  How can I operate my Roshan Digital Account?

  1. You can operate your Roshan Digital Account by registering yourself on our web banking at: https://ib.habibmetro.com/

Q10.  What is the alternative if I do not have a TIN (Tax Identification Number)?

  1. In the absence of TIN, you may provide your residency or iqama number

Q11. What does Repatriable mean?

  1. A Repatriable account enables you to transfer your funds from Pakistan to your bank account outside Pakistan as an outward remittance.

Q12. How do I repatriate my funds?

  1. You can repatriate your funds by initiating a request by filling out the form available  on our website & send the request to the RDA email (rdasupport@habibmetro.com)

Q13. Can I repatriate funds in a currency other than the currency of my RDA?

  1. Yes, you can repatriate in a currency other than the currency of your RDA provided that the currency is available on our repatriation request form.

Q14. Are there any charges associated with the repatriation of funds?

  1. Yes, charges for repatriation of funds/outward remittance are applicable as per our latest schedule of charges.

Q15. How can I remit funds to my RDA?

  1. You can remit funds to your RDA from your bank account situated outside Pakistan by providing details such as IBAN and SWIFT Code. You can use the Swift Code MPBLPKKARDA for transferring funds to HMB RDA.

Q16.  Can I invest funds from RDA?

  1. Yes, you can invest in Government securities such as the Naya Pakistan Certificate (NPC) and Islamic Naya Pakistan Certificates (INPCs). In addition, you can also invest your funds in fixed-term deposit accounts of HABIBMETRO Bank. We are also in the process of providing options to invest in Stocks and Mutual Funds via Central Depository Company – CDC.

Q17.  Can I pay my utility bills through this account?

  1. Yes, you can, through HabibMetro Internet / Web Banking from your PKR Roshan Digital Account.

Q18.  Can I transfer funds within my HABIBMETRO RDA Accounts?

  1. Yes, you can, if you have multiple RDA Accounts at HABIBMETRO, you can transfer funds between them except in the case of a transfer from a Foreign Currency RDA to a Foreign Currency RDA.

Q19. Can I transfer funds to any other bank account from my HABIBMETRO RDA Account?

  1. Yes, you can transfer funds from your RDA to any other bank account in Pakistan, which, however, these funds will be non-repatriable.

Q20. Is debit card facility available for HABIBMETRO RDA?

  1. Yes, available for PKR Roshan Digital Account only.

Q21. How can I request for a Debit Card?

  1.  Debit Card can be requested online at the time of account opening. The Debit Card will be delivered through an international courier service at your mailing address where courier charges will be applicable as per Schedule of Charges

Q22. How can I activate the debit cards?

  1. Roshan Digital Account holders can activate their debit cards by calling our 24/7 Contact Center at +9221 111 142 242.

Q23. 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.    Customers can also withdraw funds from any HABIBMETRO branch providing hPOS facility.

Q24. Can I withdraw funds internationally through the Debit Card?

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

Q25. What is HABIBMETRO Bank’s hPOS facility?

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

Q26. Is Cheque Book facility available for HABIBMETRO RDA?

  1. Yes, and the charges are applicable as per the schedule of charges.

Q27. How can I request a Cheque Book?

  1. A cheque Book can be requested online at the time of applying for RDA from our account opening portal. The Cheque Book will be delivered through an international courier service at your mailing address where courier charges will be applicable as per the schedule of charges.

Q28. Are there any deductions on the profit of the NRVA Savings Account?

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

Q29. Are there any deductions on profit of FCVA Savings Account?

  1. No, there are no deductions on profits incurred from FCVA Savings Account for Non-Resident   Individuals, however, for residents, withholding tax and other government levies, where applicable, are deductible from this account.

Q30. Is Zakat deductible from Roshan Digital Savings Account?

  1. For RDA Accounts, payment of Zakat is exempted.

Q31. 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.

Q32. 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.

 Q33.  What tenors are available for Naya Pakistan Certificates and Islamic Naya Pakistan Certificates? 

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

Q34. How can I invest in Naya Pakistan Certificates?

  1. You can invest in Naya Pakistan Certificates by applying through HABIBMETRO bank’s web Internet banking service.

 Q35.   Can conventional account holder invest in Islamic Naya Pakistan Certificates?

  1. Yes, Conventional account holder can invest in both Conventional and Islamic (Naya Pakistan certificates). However, Islamic RDA account holder can only invest in Islamic Naya Pakistan certificates.

Q36. 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. Customers can only avail premature encashment facility after one month of investment.

 Q37. 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.

Q38. What would happen to the NPC in case of the death of RDA Account holder?

  1. In case of death of an investor, the payment (principal and profit, if any), will be made to the legal heirs of the deceased investor in accordance with the succession certificate or equivalent documentation in accordance with the law for the time being in force- Referred from FD Circular No. 03 of 2020 of SBP

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

If you are already RDA account holder, you can apply for Roshan Apni Car , Roshan Apna Ghar and for donations / zakat through Roshan Samaaji Khidmat please click here