![]() Dubai Islamic Bank, the world’s first Islamic bank, is the tenth to join. ![]() Roshan Digital Account services were being offered by nine banks including Saudi Samba Bank. “Out of $554 million put into Roshan Digital Accounts, 22% funds were received from Saudi Arabia and 35% from Pakistani living in UAE,” Syed Irfan Ali, Managing Director of Deposit Protection Corporation, a wholly owned subsidiary of the State Bank of Pakistan, said at a ceremony to mark Dubai Islamic Bank (DIB) joining the RDA initiative. Thirty four percent of the accounts were opened by Pakistanis living in Saudi Arabia and 24 percent by UAE residents, according to a presentation given by the central bank on Wednesday. ![]() Since the initiative’s launch in September 2020, overseas Pakistanis have opened 92,500 accounts and remitted $554 million. Online banking is available for all RDA customers. Account holders can perform transactions like funds transfer and bill payment via online banking, debit card or cheque books. KARACHI: Pakistan has received $554 in five months from Roshan Digital Accounts, a banking initiative for non-resident Pakistanis launched last year, with 57 percent of the remittances, or $316 million, coming from Saudi Arabia and the UAE, the central bank has said.Ī Roshan Digital Account (RDA) enables overseas Pakistanis to open a bank account online from anywhere outside Pakistan without visiting a branch and permits account holders to send money into the account.
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