Reviews
Analysis of Roshan Digital Account
Tag: RDA
Investments, News
Roshan Digital Account (RDA) is a flagship initiative of State Bank of Pakistan (SBP), in collaboration with commercial banks operating in Pakistan. These accounts provide innovative banking solutions for millions of Non Resident Pakistanis (NRPs) seeking to undertake banking, payment and investment activities in Pakistan. RDA has received USD 500 million in deposits through 87,833 … Read More “Government Introduces Simplified Tax Regime for Roshan Digital Account” »
Banking and Finance, Reviews
What makes RDA more special is the fact that this Account is Available in Both Foreign Currency and Pakistani Rupees. The customer can choose either a foreign currency or rupee-denominated account, or both. For NRPs, these accounts would be interoperable and enable real-time online conversion from foreign currency to Pakistani Rupees and vice versa.