RDA for lower Income Feature:
ACCOUNT OPENING CRITERIA FOR ELIGIBLE CUSTOMERS:
Following is account opening criteria for eligible customers:
Undocumented source of income. OR
Income source is documented but belongs to lower income group
NOTE: Customer maintaining regular RDA with BOP cannot open account under this lower income product unless that regular account is closed and vice versa.
RDA for lower Income Feature:
RDA lower income product is available in BOP Taqwa Islamic and Conventional Banking modes with features detailed hereunder:
Available in both ‘Current’ and ‘Saving’ categories in all four currencies i.e. PKR, USD, GBP, and Euro.
Single and joint account facility
Zakat and Tax treatment / handling will be as per existing RDA products.
ATM/Debit Card of ‘Classic’ type will be offered under this product only to NRVA holders.
Account cannot be funded from local sources.
Only permissible Debits & Credits transactions are allowed as defined for regular RDA products.
Maximum of USD 5,000/- or equivalent foreign inward remittances per month in such accounts.
Same TAT as of regular RDA products will be followed i.e. two (2) working days from the time the required documents / information have been uploaded on RDA portal by the customer. In case of any discrepancy in documents or where additional documents are required, bank would revert back to customer within 2 working days.
Mobile and Internet Banking facilities for (PKR Debit card holders.)
ELIGIBLE CUSTOMERS:
Non-Resident Pakistanis (NRPs)
Non-Resident POC Holders
Employees / Officials of the Federal Government or a Provincial Government posted abroad.
For further information please contact rda.rm@bop.com.pk, UAN 111-267-200
SCHEDULE OF CHARGES FOR RDA LOWER INCOME SEGMENT
| Sr. No. |
Service/Features |
RDA Lower Income Segment |
| FCY |
LCY |
| 1 |
Account maintenance |
|
|
| 1.1 |
Account maintenance |
Free |
Free |
| 2 |
Cash Withdrawal |
|
|
| 2.1 |
Intercity |
Free |
Free |
| 2.2 |
Intra-city(Within) |
Free |
Free |
| 2.3 |
BOP ATM |
N/A |
Free |
| 2.4 |
Other ATM |
N/A |
Free |
International cash withdrawal via Debit card
| 2.4 |
Other ATM |
N/A |
Free |
| 2.5 |
International cash withdrawal via Debit card |
N/A |
Free |
| 3 |
SMS Alert |
|
|
| 3.1 |
SMS alert |
Free |
Free |
| 4 |
Debit Card: Classic Card for RDA Lower Income Segment |
| 4.1 |
Issuance |
N/A |
Free |
| 4.2 |
Annual |
N/A |
Free |
| 4.3 |
Replacement |
N/A |
Free |
| 4.4 |
Supplementary-Issuance/Annual/Replacement |
N/A |
Free |
| 4.5 |
Balance inquiry at other ATM |
N/A |
Free |
| 4.6 |
International Balance inquiry |
N/A |
Free |
| 4.7 |
Shopping at POS |
N/A |
Free |
| 5 |
Courier |
|
|
| 5.1 |
Delivery Charges |
Free |
Free |
| 6 |
Cheque Book |
|
|
| 6.1 |
Issuance |
1st Free subsequent PLS: Rs 18 per Leaf
Subsequent CD: Rs 12 per leaf
For ISLAMIC;1st Free subsequent Rs 18 per Leaf for All Accounts
|
1st Free subsequent PLS: Rs 18 per Leaf
Subsequent CD: Rs 12 per leaf
For ISLAMIC;1st Free subsequent Rs 18 per Leaf for All Accounts
|
| 6.2 |
Stop payment |
Free |
Free |
| 7 |
Remittance (Local)(UC) |
|
|
| 7.1 |
Remittance (Local)(UC) |
Free |
Free |
| 7.2 |
Cancellation |
Free |
Free |
| 7.3 |
Duplicate issuance |
Free |
Free |
| 8 |
Outward Remittance (OFDD) |
|
|
| 8.1 |
Issuance |
Free |
Free |
| 8.2 |
Duplicate issuance |
Free. However Foreign Bank's charges also apply. |
Free. However Foreign Bank's charges also apply. |
| 8.3 |
Cancellation |
Free. However Foreign Bank's charges also apply. |
Free. However Foreign Bank's charges also apply. |
| 9 |
Inward/Outward Remittance |
|
|
| 9.1 |
OFTT |
Free. However Correspondent Bank Charges will apply |
Free. However Correspondent Bank Charges will apply |
| 9.2 |
SWIFT charges |
Free |
Free |
| 9.3 |
Inward Remittance |
Free. However Correspondent Bank Charges will apply |
Free. However Correspondent Bank Charges will apply |
| 10 |
Account Statement (E-Statement) |
|
|
| 10.1 |
E-Statement |
Free |
Free |
| 11 |
Fund transfer |
|
|
| 11.1 |
Through ADC |
N/A |
Free |
| 11.2 |
Online (Within/Intercity) |
Free |
Free |
| 12 |
Mobile Banking |
|
|
| 12.1 |
Mobile Banking Subscription/Annual Charges |
N/A |
Free |
| 13 |
Internet Banking |
|
|
| 13.1 |
Internet Banking |
N/A |
Free |
| 14 |
* Clearing |
|
|
| 14.1 |
Normal/intercity |
Free |
Free |
| 14.2 |
Same Day |
Free |
Free |
| 15 |
Other |
|
|
| 15.1 |
Account closure |
Free |
Free |
| 15.2 |
Balance confirmation certificate |
Free |
Free |
| 15.3 |
Tax deduction certificate |
Free |
Free |
| 15.4 |
Utility bill payments |
N/A |
Free |
| 15.5 |
Processing Naya Pakistan Applications |
Free |
Free |