Roshan Digital Account

About Roshan Digital Account (RDA)

Roshan Digital Account is a landmark initiative by the State Bank of Pakistan to facilitate Non-Resident Pakistanis (NRP) in opening a digital / online bank account with SBP designated banks. There is no need to visit a bank branch or the consulate/embassy. Through this unique account, Non-Resident Pakistanis can avail banking services like remittances & payment of utility bills and also invest in various instruments in Pakistan.

For those Roshan Digital Account holders who are interested in investing in the Pakistan Stock Market, CDC will act as the Central Hub by collecting their account information from banks and processing it further to enable them to trade on PSX.

Investing in Pakistan Stock Market through Roshan Digital Account

Through the Roshan Digital Account, Non-Resident Pakistanis can start investing in the Pakistan Stock Market by taking just the following three steps:

• Consent to respective bank to share Roshan Digital Account Details with Fawad Yusuf Securities pvt. Ltd
• Agreement to Terms and Conditions of Investing in Pakistan Capital Market.
• Selection of Broker

Select your bank to open your new RDA:

1. Allied Bank
2. Bank Alfalah
3. Bank Al-Habib
4. Bank of Punjab
5. Dubai Islamic Bank
6. Faysal Bank
7. HBL
8. Habib Metro Bank
9. JS Bank
10. MCB
11. Meezan Bank
12. Samba Bank
13. UBL

Role of FYSL Trade:

Upon receiving NRP’s information, FYSL Trade will take the following steps:

1. Forward it to National Clearing Company of Pakistan Limited (NCCPL) for creation and registration of NRP’s Unique Identification Number (UIN)
2. Facilitate the opening of NRP’s Trading Account by forwarding UIN and above mentioned information to NRP’s selected broker.
3. Open Account of the NRP and share their registration details with him/her.

More Information:

https://www.sbp.org.pk/RDA/REI.html