FAQs

  • 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.

  • 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.

  • 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)

  • 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)
  • 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.

  • 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).

  • RDA opening facility is available on HABIBMETRO online portal.

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

  • 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.

  • 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)
  • 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.

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

  • Yes, available for PKR account only.

  • Yes

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

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

  • 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.

  • 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.

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

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

  • 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.

  • For RDA Accounts –payment of Zakat is exempted

  • 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.

  • 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.

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

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

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

  • 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.

  • 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.