Please note: If unable to download repatriation form, right click and save the form.
Please note: Your information will not be saved /stored in bank’s system until it is completed and submitted.
Please note: For seamless experience please access the Roshan Digital Account application form on Google Chrome.

Details

Roshan Digital Account facilitates non-resident clients to invest in Pakistan. We aim to assist you by using our global network to invest in Pakistan, as per State Bank of Pakistan directive.

Features

  • Current/Saving Account offered in USD, GBP, EUR, JPY, CNY & PKR denominations
  • Monthly profit payout for Saving Account.
  • Offered in Conventional and Islamic variants
  • Account can be operated singly or jointly
  • Internet Banking is offered
  • Allows full repatriation and convertibility
  • These account can be used for investment in Government securities (as allowed by the State Bank of Pakistan) and term deposits, receipt of investment proceeds and profits, foreign remittance of investment proceeds, profits, and settlement amounts.
  • Can be funded through remittances only via banking channel.
  • In case of dormancy, it can be made operative by fulfilling formalities at domestic as well as overseas branch, representative office or banking subsidiary of SCB.
  • No minimum balance requirement.
  • SCB Credit Card also available for our Roshan Digital Accountholders  (Conventional Lien cards)

Eligibility

Roshan Digital Accounts can be opened and maintained by individual non-resident Pakistani clients and resident Pakistani clients with wealth declared abroad.

Please note: There are limitations around cross border activities that can be undertaken for the residents of some countries. As result we may not be able to offer Roshan Digital Account or investment in Naya Pakistan Certificates for residents of some countries.

Country guidance list for non-residents

Documents required (for non-residents):

  • Valid Identity Document (CNIC/ SNIC/ NICOP/POC etc)
  • Valid passport
  • Proof of NRP status (POC/ Visa entry/ exit stamps, etc)
  • Proof of profession & source of funds
  • Signature
  • Live photo
  • Valid Overseas Pakistanis Foundation membership card (if applicable)

Roshan Digital Account for Residents

Residents with declared assets abroad can apply for foreign currency Roshan Digital Account via Branches of Standard Chartered Bank Pakistan Limited.

Residents will have to visit the branch to open the foreign currency Roshan Digital Account, along with their latest wealth statement filed with FBR or a signed affidavit stating the value of their assets held abroad as declared in their latest wealth statement filed with FBR.

Remittance

Inward Remittance into the Account

Account can only be fed by foreign remittances originating from the account holder themself through formal channels i.e., banks or money transfer companies.

Outward Remittance/ Repatriation from the Account

Funds can be remitted outside Pakistan to the account holder themselves by sharing signed OTT form to your branch personnel.
Click here to download OTT form.
(If unable to download, right click and save the form)

Click here to download the sample OTT form for guidance
(If unable to download, right click and save the form)

*Remittance Form works best on Internet Explorer. Customers can download and save a copy when accessing the form using other browsers. The bank recommends the use of Adobe Acrobat Reader version 8 and above in order to use this form or visit Adobe website for more information.

Note: Remittance and payments outside Pakistan to the extent of balance available in the account, without any prior approvals from the bank or State Bank.

In order to execute your remittance transactions processed seamlessly, the following is recommended:
- Remittance from abroad should be sent directly through SWIFT channel to SCB Pakistan as a first priority option.
- In case of remitting bank is using any local correspondent arrangement, client is requested to instruct their bank clearly, to use RTGS channel for funds transfer by local correspondent to SCBPL.
- Remittance transfers using iBeFT channel by correspondent bank, have restricted / limited client information, which results delay in credit of funds to meet regulatory expectations.

FAQs

Schedule of Charges


Get in touch

Dear Customer,

We thank you for your interest in the Roshan Digital Accounts (RDA) for Non-Resident Pakistanis. You are also requested to provide your feedback on overall user experience, suggestions and complaints (if any) for further improvement at Ask.Us@sc.com or call at 111 002 002. You can also contact us on our Facebook page Standard Chartered Pakistan. Customers may also share their feedback and suggestions related to Roshan Digital Accounts to State Bank of Pakistan (SBP) at RDASupport@sbp.org.pk


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