AL Habib Roshan Digital Account for Foreign Nationals2

Please visit Bank AL Habib’s official website (www.bankalhabib.com) and

• Click on the Roshan Digital Account web page
• Click on Roshan Digital Account for Foreign National and start application
• Fill the desired online account opening form
• Upload scanned documents & give consent on Terms and Conditions and Undertakings
• Take Live Picture
  Upon successful completion, customer will receive an email and the Bank’s representative will contact you for more details.

Following accounts are being offered to Individual/Joint

• Current Account
• Savings Accounts

Foreign Nationals Individual(s) may open an account jointly with other residents, non-residents.

Accounts are fully repatriable which includes profit earned from permissible investments as per following terms.

• Remittances and payments outside Pakistan to the extent of balances available in the account, without any prior approval from the bank or the State Bank.

• Bank AL Habib does not charge AL Habib Roshan Digital Account (RDA) customers for incoming remittances. However, correspondent bank charges may apply.

• Scanned copies of at least the following documents to open an account:
• Foreign ID (Front & Back) or Passport (First 2 Pages) *
• Signature scanned on white paper
• Proof of profession and source of income/ funds. For example, one of the following documents:
• For Salaried Individuals: employment letter, salary slip.
• For Business Persons: Business registration document.
• Live Photo: Digital photo that would be taken at the time of filling the form and uploaded live.
* Attestation of Identity Document from third party regulated financial institutions, including attestations from their foreign correspondent banks, parent banking company, overseas branches / banking subsidiaries etc.

• Remittances received from abroad through banking channel.
• Transfer of funds from account holders’ own *FCVA and NRVA within Bank AL Habib.
• Proceeds from disinvestment/sale/maturity and profit/rent/dividend/interest on securities/ properties/ shares/ units of funds/ deposits received on account of investments made from the account as mentioned below.
• Reversal of any incorrect/wrong debit in the account. *Foreign Currency Value Account
• Profit and premature /maturity proceeds of Pakistan Banao Certificates (PBCs) into the PBC holder’s own NRVA.

• Investments in the following, provided that the relevant laws, rules and regulations permit such investment:
• Registered Debt securities of Government of Pakistan (T-bills, PIBs, Sukuk and any other registered debt securities of the government including CDNS securities).
• Investment in shares via GEM quoted on the stock exchange(s) in Pakistan.
• Residential and commercial real estates, either through self-financing or bank’s financing in Pakistan provided that in case of bank financing the repayment of loan should be made through NRVA.
• Term /Remunerative deposit products of Bank AL Habib maintaining the account.
• Investment in units of funds quoted at Stock Exchange and units of mutual funds registered as Open End Schemes (OES) under management of Asset Management Companies (AMCs) licensed by SECP to provide asset management services.
• Contribution in units of Pension Fund authorized in terms of VPS Rules, under the management of Pension Fund Managers (PFMs) registered with Securities and Exchange Commission of Pakistan (SECP).

• Remittances received from abroad through banking channels.
• Transfer of funds from his/her own NRP Rupee Value Account (NRVA) within BAHL.
• Profit/interest on the permissible investments made from the account.
• Dis-investment proceeds from the permissible investments made from the account.
• Profit and premature/ maturity proceeds of Pakistan Banao Certificates (PBCs) into the PBC holder’s own FCVA.
• Reversal of any incorrect debit in the account.

• Investment in permissible securities provided that the relevant laws/regulations permit such investment, as under:
• Government of Pakistan’s registered debt securities denominated in FCY only.
• Term deposit/remunerative product scheme, denominated in FCY, within BAHL. The funds for the above investments shall be transferred by the Bank only in the eligible products, through the instructions received from the account holder in this behalf.
• Transfer of funds to account holder’s own NRVA within BAHL.
• Transfer to other FCY, PKR account and non-resident Rupee account – non-repatriable with any bank in Pakistan.
• Remittances and payments outside Pakistan to the extent of balances available in the account, without any prior approval from the bank or the State Bank.
• Cash withdrawal in foreign currency or in equivalent local currency.
• Any payment in PKR to any person resident in Pakistan. However, any amount so paid shall not be allowed to be credited back into the account.
• Reversal of any incorrect /wrong credit entry.

• PKR RDA have all online banking features
• FCY RDA can make bill payments in PKR and also transfer funds to own RDA PKR.

• Funds can only be remitted from outside Pakistan
• Dis-investment proceeds from the permissible investments made from the account.
• Reversal of any incorrect/wrong debit in the account

• Name, nationality and place of residence of the deceased at the time of his death. If the deceased person was resident of Pakistan, the period of such residence should be stated.
• A copy of the relative clauses in the Will after Probate has been granted or if the deceased died intestate, in the Letters of Administration or Succession Certificate, issued by the National Database and Registration Authority (NADRA) or the court, duly authenticated by the issuing authority, a Notary Public, , Judge or Magistrate, in Pakistan or in the country of residence of the deceased if he died abroad.
• A full statement of the assets in Pakistan of the deceased.