What is Roshan Digital Account?

Roshan Digital Account is the initiative by the Government of Pakistan for overseas Pakistanis. Now with the help of RDA, Overseas Pakistanis can invest in the stock market in the comfort of their homes. The State Bank of Pakistan (SBP), Securities & Exchange Commission of Pakistan (SECP), and Central Depository Company (CDC) initiated the Roshan Digital Account for the ex-pats interested in investing in the Stock Exchange of Pakistan.

Roshan Digital Account as a government initiative

The Roshan Digital Account (RDA) Program is an initiative by the Government of Pakistan exclusively for overseas Pakistanis. You must have read news about it on social media or in the local news media. The program proved to be a huge success for the state bank of Pakistan, so much so that the government even produced a song for it. Dr. Reza Baqir, Governor of State bank stated that now overseas Pakistanis will be able to pay bills for their families, engage in e-commerce activities in Pakistan and remotely invest in the Pakistan Stock Exchange through Roshan Digital Account. This article is for those who want to get relevant information about the RDA and wants to invest remotely from outside Pakistan. In this article, we will try to cover everything related to Roshan Digital Account.

Investment in Pakistan Stock Exchange (PSX)

PSX was declared Asia’s best-performing market in 2021. Account-holders may make the most of their hard-earned money and invest in the share market rigorously.

Roshan Digital Account Pakistan is an excellent opportunity provided by the current government to overseas Pakistani to invest and earn in the Pakistan Stock Market along with a few other investment options. It’s an ideal opportunity for investors across Pakistan to invest in their homeland. If you are interested then drop your details here, and we will contact you back as soon as possible.

Features of Roshan Digital Account - Pakistan

Features and offerings of an RDP account vary from bank to bank but the following are a few common features among them:

• Round-the-clock internet banking
• Assistance via helpline
• Easy conversion of funds
• Electronic Bank Statements
• Text Message / SMS Alerts
• Funds Transfer Facility
• No Minimum balance requirement
• Utility bills Payment
• Customers can transfer amounts by Foreign Inward Remittances
• Investment opportunities in Pakistan and easy access to the stock market
• Users can easily withdraw their funds into any of their accounts internationally by using a transfer facility

Eligibility

The following individuals are allowed to open a digital bank account in Pakistan:

• Government employees appointed by the federal government of Pakistan or provincial government whose posting is abroad.
• Nonresident Pakistanis(NRPs) who have SNIC, NICOP, and CNIC.
• Members of the Overseas Pakistanis Foundation (OPF) who have Pakistan Origin Card (POC)

Banks for Roshan Digital Account

Steps involved in opening the Roshan Digital Account:

Select a bank first to open your account. There are many options available from which you can choose.

• Fill out an Account Opening Form
• Choosing Digital Account Type
• Upload Documents
• Add your profile picture

That’s it, You’ll get a confirmation of the account opening within the next 48 hours. You are ready to transfer your funds to account.