How to Open Bank Account Online in Pakistan

Rabi' Al-Thani 22, 1443 | Sunday, November 28, 2021

Roshan Digital Account

Open Roshan Digital Account

Simplified Online Digital Account Opening for Overseas Pakistanis

Convenient & Riba-free

For the convenience of overseas Pakistanis, Meezan Bank is pleased to offer Meezan Roshan Digital Account to all Non-Resident Pakistanis (NRPs) residing across the world. Meezan Roshan Digital Account enables overseas Pakistanis to open a bank account digitally /online from anywhere outside Pakistan without visiting a branch and permits account holders to send money into the account.

Key Features

Open a Current or Savings Account in PKR or Foreign Currencies (USD / GBP / EUR)
Invest in Meezan Bank's Term Deposit products
Account can be funded through foreign remittances only
Allows you to send money to your own account outside Pakistan without any approval from the Bank or State Bank of Pakistan
Access to a range of Wealth Management and Takaful products
Pay utility bills and fees and conduct other fund transfers in Pakistan through PKR and FCY accounts using Internet Banking facility. Note: These pertain to local payments within Pakistan only
Invest in Shariah-compliant shares and Sukuk listed on Pakistan Stock Exchange (PSX) by opening your account in Central Depository Company (CDC). To invest Click Here Now
Invest in Shariah-compliant scheme of Islamic Naya Pakistan Certificate (INPC). To invest Click Here Now
Invest in Shariah-compliant Mutual Funds with Al Meezan Investments. To invest Click Here Now
Account will be opened within 48 hours subject to completion of all documentation and formalities
No local deposits are allowed except profit/proceeds from investments allowed by State Bank of Pakistan into Meezan Roshan Digital Account
Issuance of debit card and cheque book. To apply Click Here Now
Free debit card for customers who have remitted in their PKR Meezan Roshan Digital Account. Applicable on first-time issuance only.

Other Features

Conversion

Real-time conversion from Foreign Currency to PKR and vice versa

Relationship

Dedicated Realtionship Management Team

service charges

Services Charges

No service charges

Security

Secure Digital/Online Account opening through OTP confirmation

Free Debit Card

Free issuance of debit card

Internet banking

Free Internet Banking

No charges on Internet Banking usage

Initial deposit

No Initial Deposit

No initial deposit for account opening

Minimum balance

Minimum Balance

No minimum balance requirement

Please carefully read and understand the eligibility criteria to start the account opening process. Kindly ensure availability of the below enlisted documents so that you can upload these with your account opening application.

Required Documents

Scanned Copy of your CNIC/NICOP/POC
Scanned Copy of Passport's first 2 pages (Pakistani and/or foreign country)
Photograph (Live Photo)
Signed & Scanned Signature Specimen Card (SSC):
- Click here for guidelines to provide the SSC on plain paper
- Click here to download and print the pre-defined SSC
Proof of NRP Status (scanned copy of POC, visa, entry/exit stamps etc.)
Proof of profession (Job Certificate, Employee Card, Iqama, Retirement Letter, Business Registration Document, etc.)
Source of Income (Salary Slip, Account Statement, Tax Statement, Rental Agreement, Pension Book, etc.)
Please click here for indicative list of documents to assess the 'Proof of Profession and Source of Income / Fund'

Note: "Please upload documents in Urdu, English or Arabic languages only. In case of any other language, please upload certified translation from an online verifiable and authentic source."

Eligibility Criteria

Individual Non-Resident Pakistani Nationals (NRPs) having CNIC/SNIC/NICOP
Non-Resident Individuals / Foreign Nationals having Pakistan Origin Card (POC)

Want to Open a Roshan Digital Account

Shariah-compliant Investment Options for Meezan Roshan Digital Account Holders

Meezan Roshan Resident Account

A special account for Resident Pakistanis with declared assets abroad, as per latest tax returns

Learn More

How does Meezan Roshan Digital Account work?

Meezan Roshan Digital Account is offered in both current & savings accounts under the Islamic concept of Qard & Mudarabah.

Profit Sharing Ratio

PKR Savings Account

Bank will share 50% of Gross Income as Mudarib
Depositor will share 50% of Gross Income as Rab-ul-Maal

USD Savings Account

Bank will share 75% of Gross Income as Mudarib
Depositor will share 25% of Gross Income as Rab-ul-Maal

GBP Savings Account

Bank will share 90% of Gross Income as Mudarib
Depositor will share 10% of Gross Income as Rab-ul-Maal

EUR Savings Account

Bank will share 90% of Gross Income as Mudarib
Depositor will share 10% of Gross Income as Rab-ul-Maal

Weightages for the Month of December 2021

Account Categories	Profit Distribution Period	Weightage Assigned
PKR Savings Account (NRP)	Monthly	0.36
USD Savings Account (NRP)	Monthly	0.45
Euro Savings Account (NRP)	Monthly	0.27
GBP Savings Account (NRP)	Monthly	0.27

Consolidated Weightages

Profit Rates for the Month of October 2021

Account Categories	Monthly Profit Rates (% per annum)
PKR Savings Account	2.87%
USD Savings Account	0.32%
GBP Savings Account	0.18%
Euro Savings Account	0.11%

Profit Rates
Historical Profit Rates

Mudarabah Basis

On agreeing to become a Pak Rupee / Foreign Currency Account holder, the customer enters into a relationship based on Mudarabah with Meezan Bank. Under this relationship, the customer is an Investor (Rab-ul-Maal) and the Bank is the Manager (Mudarib) of the funds deposited by the customers. The Bank allocates the funds received from the customers to a deposit pool; funds from the pool are utilized to provide financing to customers under Islamic modes that include, but are not restricted to Murabaha, Ijarah, Istisna and Diminishing Musharakah.

Qard Basis

Current Account (Pak Rupee / Foreign Currency) is based on Qard contract. The Bank can use these funds for investment and other purposes. This account allows you the peace of mind of having your money safely deposited with a bank with the additional assurance that the Bank is not investing your money in activities that contravene Shariah principles.

For your valuable comments, feedback or complaints , you may contact us in the following manner:
Connect via email: [email protected]
Call us 24/7 at: +92 (21) 111-331-331 & +92 (21) 111-331-332

For further information on Roshan Digital Accounts from State Bank of Pakistan(SBP) you may visit https://www.sbp.org.pk/RDA/index.html

You may also share your suggestions/ feedback on Roshan Digital Account with SBP at [email protected]

How to Open Bank Account Online in Pakistan

Source: https://www.meezanbank.com/roshan-digital-account/