BOP DIGITAL ACCOUNT ONBOARDING PORTAL

The Bank of Punjab (BOP) has recently extended its Digital Account Opening functionality for the customers and staff in line with the SBP’s ‘Customers’ Digital Onboarding Framework’, which advised all banks to facilitate a convenient and remote opening of bank accounts for resident Pakistanis by using digital channels.

All account opening details & their required documents in the ‘BOP’s Digital Account Onboarding (DAO) portal will now be filled by the applicant (customer) directly along with customer profiling and real-time picture to ensure that the applicant is the actual potential client requesting to open the account.

This portal has all regular features for uploading account opening information from anywhere, anytime! This web portal is packed with the following experiencing: -

To access BOP Digital Onboarding Portal,click here https://digitalaccount.bop.com.pk/

Eligibility:

Digital account opening will be offered to all Pakistani individuals. These account types will be Singly Operated (Individuals), Minor Accounts (Guardianship) and Joint Accounts (Either or Survivor). Only natural person’s and resident Pakistanis are eligible to open the accounts digitally.

How to open an account through this portal

Check out the User Guide and FAQ document

Product Features and Requirements

1) BOP Asaan Digital Account (ADA) (Islamic/ convention)

a) Account Category: Current Account:

b) Account Currency: only PKR

c) Initial Balance requirement: Nil

d) Target Market: This account is most suited for but not limited to skilled/unskilled workforce, farmers, laborers/daily wagers, women/housewives, self-employed individuals, pensioners, young adults etc. with limited transactional requirements.

e) Eligibility Criteria: Resident Pakistanis (Natural Persons)

f) Taxes and Zakat: All applicable taxes including WHT, FED and other taxes levied from time to time shall be applicable. Zakat Rules shall apply as per existing law on deposit products

g) Transactional Limit:

a. Maximum credit balance limit: PKR 1,000,000

b. Monthly debit limit: PKR 1,000,000

2) BOP Asaan Digital Remittance Account (ADRA) (Islamic/ convention)

a) Account Category: Current Account:

b) Account Currency: only PKR

c) Initial Balance requirement: Nil

d) Target Market: Pakistani Resident Individuals who wants to receive remittances from their families and friends living abroad, directly in a bank account without the hassle of visiting the branch, with enhanced transactional requirement (including remittances).

e) Eligibility Criteria: Resident Pakistanis (Natural Persons)

f) Taxes and Zakat: All applicable taxes including WHT, FED and other taxes levied from time to time shall be applicable. Zakat Rules shall apply as per existing law on deposit products

g) Transactional Limit:

a. Maximum credit balance limit: PKR 3,000,000

b. Cash Withdrawal limit: PKR 500,000 per day

c. Fund transfer limit: PKR 500,000 per day from ADRA to any other account

d. This account may also be fed through local credit to the extent of PKR 1,000,000 per month

e. No commercial remittances shall be deposited in this account type.

h) Name(s) and Relationship(s) with prospective remitter(s) will be recorded on AOF as well as in system.

3) BOP Freelancer Digital Account (FDA) (Islamic/ convention)

a) Account Category: Current Account:

b) Account Currency: PKR

   o Exporters’ Special Foreign Currency Accounts (ESFCAs) will be opened with primary PKR account.

   o Facility to retain USD 5,000/- per month or 50% of the export proceeds, whichever is higher, in ESFCAs.

   o Balance available in ESFCAs may be utilized for making all allowed payments without any approval.

   o ESFCS to PKR currency conversion facility.

c) Initial Balance requirement: Nil

d) Target Market: The target market shall include independent individuals / workers who earn livelihood on a per-job or per-task basis, usually for short-term work. You can receive your payments directly in a bank account and enjoy other lifestyle banking services as well.

e) Eligibility Criteria: Resident Pakistanis (Natural Persons).

f) Taxes and Zakat: All applicable taxes including WHT, FED and other taxes levied from time to time shall be applicable. Zakat Rules shall apply as per existing law on deposit products.

g) Unlimited Monthly Transactions.

h) Focal Persons

1. Mr. Mustafa Hassan 0301-1137951

BOP is also offering digital account opening for all other BOP Bank Products to meet your financial needs. Click on below mentioned products to see product details.

All charges shall be as per the prevalent bank SOC.