Taqwa Asaan Remittance Account will facilitate low income/ unbanked customers to receive home remittances through proper account instead of resorting to traditional cash over counter transactions.

• Qard based product whereby the Bank is the ’Borrower’ and Customer is the ‘Lender’.
• The account will be non-remunerative account.
• Account can be fed through home remittance and local deposit.
• Only individuals are eligible to open this account in Single or Joint capacity.
• Maximum credit balance limit will be Rs. 3,000,000.
• Cash withdrawal limit will be Rs. 500,000 per day (ATM & COC both).
• Funds transfer limit from Taqwa Asaan Remittance Account to any other account will be Rs. 500,000 per day.
• Local credit upto Rs. 1,000,000/- shall be allowed in the account.

Note:

• No outward remittance shall be allowed.
• No commercial remittance shall be deposited in the account.
• Names of prospective remitter(s) and relationship with beneficiary will be provided by the customer.
• Other service charges (if any) will be applicable as per approved schedule of bank charges.
• Other terms & conditions will be applicable as per account opening form.