BOP ASAAN REMITTANCE CURRENT ACCOUNT


Opening of a bank account to receive home remittances from our dear ones is not easy nowadays and involves a long list of formalities. The Bank of Punjab has introduced "BOP Asaan Remittance Current Account" to facilitate opening of bank accounts by low risk/ low income unbanked/underbanked customers for receipt of home remittances directly into bank account instead of resorting to traditional over the counter cash transactions. These segments of society may include but are not limited to skilled/unskilled work force, farmers, less educated/uneducated people, laborers/daily wagers, women/housewives, self-employed individuals, pensioners, young adult population etc.

Salient Features
  • The account will open in PKR currency as current account only.
  • This account shall be fed through Home Remittances from abroad only.
  • Only “Individuals” can open this account in Single or Joint capacity.
  • There is no requirement of initial deposit and minimum balance.
  • Paypak debit card (Issuance/Renewal/Replacement) at subsidized charges.
  • Free online banking
  • No account maintaining charges
  • No commercial remittances shall be deposited in the account.
  • Local Credit allowed to the extent of PKR 1 Million per month.
  • No outward remittance will be allowed.
  • Maximum credit balance of upto PKR 3 Million .
  • Cash withdrawal upto PKR 500K per day.
  • Fund transfer from Asaan Remittance Current Account to any other account upto PKR 500K per day.
  • Account can be opened with minimum formalities .
  • Terms and conditions apply
KEY Fact Statement
This page was last updated on: January 18, 2024 11:45:00 AM
Top