How can I open Roshan Digital Account?
Customers open this account by logging on to https://digionboard.faysalbank.com
Which Accounts can I open?
Customers can choose an account based on their financial needs and product features. Faysal Islami offers twelve account types within our Current and Savings categories:
What is the eligibility criteria to open Roshan Digital Account??
Following Individuals are eligible to open the account:
What is the definition of a Non-Resident Person?
As per the Income Tax Ordinance, 2001 (updated 31 Dec 2019) – Section 82, Division ll, Chapter 5;
An individual shall be a non-resident individual for a tax year if the individual —
Can Resident Pakistanis open Roshan Digital Accounts in Faysal Islami?
Resident Pakistanis can only open Foreign Currency Roshan Digital Accounts at Faysal Bank through branches; provided that they have declared their assets held abroad, as per wealth statement declared in the latest tax return with the Federal Board of Revenue (FBR).
Are these accounts Islamic?
Yes, these accounts are fully Shariah compliant duly approved by bank’s Shariah Board.
What type of accounts can I open?
Current Accounts and Savings Accounts.
In how many currencies can I open an account?
Currently we offer accounts in Pakistani Rupees (PKR), US Dollars (USD), EURO, British Pound (GBP), Canadian Dollar (CAD), Dirhams (AED), Saudi Riyal (SAR) and Chinese Yuan (CNY).
How is this account different from regular accounts other than having complete digital account opening?
With regards to account opening for NRP, what are the minimum documents required for online submission on portal?
My passport has expired. Am I still eligible for opening Roshan Digital Account?
No, a valid passport is required to get this account activated
Is my data, information and the documents uploaded to apply for the Roshan Digital Account safe and secure?
All information and documents shared are secure and will not be divulged. However, the Bank reserves the right to share any such information and data that may be legally obligated to divulge as per local/international laws, rules and regulations etc.
Can I open more than one account?
Yes. Multiple accounts can be opened on a single CNIC/NICOP/POC, however one account request needs to be processed completely and verified before another request can be initiated.
Is there any minimum amount required to open an account?
No, there is no minimum amount requirement for opening Roshan Digital Account.
Is the account operated singly or jointly?
Individual Accounts can only be operated singly. Whereas joint accounts can be operated with the option of either or Survivor.
Can a minor open Roshan Digital Account?
Yes, a minor can open a Roshan Digital Account jointly with his/her parent/guardian, after fulfilling the legal formalities and updated AML/CFT regulations as a secondary account holder.
Can I convert my normal account to Roshan Digital Account?
No, account conversion/ reclassification is not possible.
What are the key features Faysal Islami PKR Account?
What are the key features Faysal Islami USD Account?
What are the key features Faysal Islami Current Account in GBP / EUR / SAR / CAD / CNY / AED currency?
What is a Qard based account?
What is Mudarabah-based account?
Is RDA a restricted account? If yes, what types of transactions are allowed?
Can the funds be transferred/repatriated abroad?
Are Utility bill payments and other facilities available on this account?
Can the funds be transferred to any other local account in Pakistan?
When can funds be deposited into the account by customer?
Do I have to fill the application form in one session? Will my data be saved some where if I close the website by mistake?
Where can I get help in case there is an issue while completing the application?
How KYC will be done by the Bank?
Relationship Manager will contact customer over email and / or telephone call and KYC will also be done over recorded telephone lines.
What is the turnaround time (TAT) for account opening?
The account will be opened within 48 hours in case of no discrepancies.
Will a cheque book be issued with Roshan Digital Account?
Yes, Cheque book facility can be availed by Roshan Digital Account holders.
Will a debit card be issued against Roshan Digital account?
Yes. Currently, all PKR Roshan Digital account holders of following accounts can avail this facility.
Which debit card type/variant can be availed against PKR Roshan Digital account?
Faysal Bank MasterCard Classic can be availed against PKR Roshan Digital account.
Where will the debit card be delivered?
Debit card shall be delivered at the customer’s provided correspondence address.
Can the debit card be used on international Point of Sale (POS) terminals?
Yes, these debit cards are accepted at over millions of POS terminals in more than 200+ countries around the globe. Debit Card can be activated through our call center at +92 21 111 06 06 06 before usage.
How long will it take to deliver the debit card?
Delivery of debit cards shall take 15 days on average after call-back confirmation; however, this may vary subject to the destination country.
What currency shall be disbursed against the ATM/debit cards issued against these accounts?
In case of withdrawal within Pakistan, the funds will be disbursed in PKR. Similarly, in case of withdrawal outside Pakistan, currency of the resident country shall be disbursed. It may be noted that applicable conversion rates may vary from currency to currency.
Are there any Courier charges for the delivery of cheque book/debit card?
Courier charges as per Bank’s Schedule of Charges
Can I use the services of a Money Exchange Company to transfer funds into my Roshan Digital Account?
Roshan Digital Accounts can only be funded by remittance from outside Pakistan through Banking channels.
Are there any charges on Remittance?
Currently, Faysal Bank Ltd. does not have any charges on Inward and Outward remittance. Please refer to our Schedule of Charges (SOC) for latest updates. Moreover, correspondent bank charges may apply.
Are there any taxes on Remittance?
No, there are no taxes on Remittance. However, WHT will be levied, where applicable, as per the regulatory requirement.
What are the tax implications related to Roshan Digital Accounts?
On Income Earned through Roshan Digital Accounts
As a Resident Pakistani, what are tax implications on investment in Government issued Securities)
If I do not have any Pakistan-Source Income, do I need to obtain NTN and become a filer?
If I am eligible for Tax Treaty Benefits in excess to the tax regime benefits in Pakistan, can I avail it?
If I am not a tax filer of Pakistan, will I be taxed with higher rates?
What investment opportunities do I have through these accounts digitally?
Will the customer be able to invest in Pakistani stocks through Roshan Digital Account?
How can the customer invest in stocks through their CDC account?
What is Islamic Naya Pakistan Certificate?
How can I invest in Islamic Naya Pakistan Certificate?
Can the general public invest in Islamic Naya Pakistan Certificate (INPC)?
In how many currencies and tenors are Islamic Naya Pakistan Certificates offered in?
Who can invest in PKR, USD, GBP and EUR Islamic Naya Pakistan Certificates (INPCs)?
What is the minimum investment amount for Islamic Naya Pakistan Certificate?
What profit rates and weightages are offered in Islamic Naya Pakistan Certificates?
Is Premature Encashment allowed on Islamic Naya Pakistan Certificate?
What would happen in case of death of an INPC holder?
Is the Islamic Naya Pakistan Certificate (INPC) subject to Zakat deduction?
What are the key features of Barkat Investment Certificate ‘BIC’?
What is Roshan Digital Account?
How can I start investing in Pakistan Stock Exchange if I have a Roshan Digital Account?
What happens after I provide the above?
What happens after the acknowledgement email?
What is a Trading Account and what is its purpose?
What is UIN and its purpose?
What is a Custody Account and what is its purpose?
What is DSS and what role does it play in Roshan Digital Account?
How would I know about Broker’s Commission and other trading details?
Do I need to do anything else before initiating my first trade?
How do I initiate my first trade / purchase transaction?
How long after my purchase will I receive the shares in my CDC account?
How do I sell shares?
When do I receive the cash against my sale?
How do I receive my Corporate Action entitlements?
How do I pay broker’s commission?
What are NCCPL’s charges and how do I pay them?
Is there any additional fee for Direct Settlement Service?