If you’re a Pakistani expat looking to invest your hard-earned money back home, Meezan Bank’s Roshan Digital Account is an excellent choice. Launched in September 2020, this account allows overseas Pakistanis to open and manage a bank account in Pakistan without physically visiting a branch. In this article, we’ll take a closer look at the Meezan Bank Roshan Digital Account and its benefits.
What is Meezan Bank Roshan Digital Account?
Meezan Bank Roshan Digital Account is a digital banking solution for overseas Pakistanis. It is designed to offer a hassle-free banking experience to expats who want to invest their money back home. With this account, you can open and manage a bank account in Pakistan without visiting a physical branch.
The Roshan Digital Account is available in both USD and PKR currencies. You can deposit and withdraw funds in your account using various channels, including online banking, mobile banking, and ATMs.
Who can apply for Meezan Bank Roshan Digital Account?
The Meezan Bank Roshan Digital Account is available for all overseas Pakistanis who have a valid passport and an active email address. You can open this account if you’re a Pakistani national living abroad or a foreign national of Pakistani origin.
To open the account, you need to provide some basic information, such as your name, address, and contact details. You also need to provide a valid proof of identity and address.
What are the benefits of Meezan Bank Roshan Digital Account?
The Meezan Bank Roshan Digital Account comes with several benefits, including:
- Easy account opening without visiting a branch
- No minimum balance requirement
- Competitive profit rates on deposits
- 24/7 access to your account through online and mobile banking
- Free debit card with no annual fee
- Free online fund transfers within Meezan Bank and to other banks in Pakistan
How to open Meezan Bank Roshan Digital Account?
To open the Meezan Bank Roshan Digital Account, follow these steps:
- Visit the Meezan Bank website and click on the “Open Roshan Digital Account” button.
- Select your preferred currency, i.e., USD or PKR.
- Fill in the application form with your personal and contact details.
- Provide a valid proof of identity and address.
- Agree to the terms and conditions and submit your application.
You will receive an email from Meezan Bank with further instructions on how to complete the account opening process. Once your account is opened, you can start depositing funds and managing your account through online and mobile banking.
What are the requirements to maintain Meezan Bank Roshan Digital Account?
To maintain your Meezan Bank Roshan Digital Account, you need to comply with the following requirements:
- Keep a minimum balance of USD 1,000 or PKR 100,000 in your account.
- Ensure that your account remains active by conducting transactions regularly.
- Provide updated contact details to the bank in case of any changes.
If you fail to meet these requirements, your account may be subject to fees or closure.
What are the fees and charges for Meezan Bank Roshan Digital Account?
The Meezan Bank Roshan Digital Account has the following fees and charges:
- No account opening fee
- No annual fee for debit card
- No fee for online fund transfers within Meezan Bank
- PKR 50 per transaction for online fund transfers to other banks in Pakistan
- PKR 200 per month for non-maintenance of minimum balance
It’s important to note that these fees and charges are subject to change at the bank’s discretion.
Conclusion
The Meezan Bank Roshan Digital Account is a great option for Pakistani expats who want to invest their money back home. With its easy account opening process, competitive profit rates, and 24/7 access to online and mobile banking, this account offers a hassle-free banking experience. Just make sure to comply with the account requirements and keep an eye on the fees and charges to avoid any surprises.