How To Open Bank Account Online in Pakistan? – A Complete Guide

State Bank of Pakistan tweeted on 16 September 2021, that now you can open bank account online. The Banking system works all over the world. Because it is a safe process to transfer and receive money. Thus, the State Bank of Pakistan has given us the facility to open bank account online. This facility helps people to transfer money faster. Back then when you had to transfer the money you had to go to the Bank. But now, online banking can save a lot of time. 

Categories of Bank Account

1. Asaan Digital Account.
2. Asaan Digital Remittance Account.
3. Freelancer Digital Account.
4. Digital Account.

This Is How You Can Open Bank Account Online

To open a bank account online, a list of documents and information must be available to you at hand. So, the process can be quick and easy. These include basic details about you. Whatever you require is mentioned below:

• Full Name as per Computerized/ Smart National Identity Card
• Father/ Spouse Name as per Computerized/ Smart National Identity Card
• Gender detail
• Computerized/ Smart National Identity Card Number
• Date of Issuance of Computerized/ Smart National Identity Card
• Date of Birth
• Place of Birth
• Mother’s Maiden Name
• Contact Number Mobile Number, Landline Number 
• Personal Email Address
• Current/ Mailing Address
• Purpose of Account
• Sources of Income
• Name and Relationship with Prospective Remitter  

The Need for Online Banking

The central bank is confident that online banking will help to promote the digitization of banking services in Pakistan. Due to Covid, the need for online banking has increased so this step will ease the process. This process will execute from 31st December 2021.

State Bank of Punjab SBP’s point of view is to bring equality by adding women into the financial system. The expected move by the State Bank of Pakistan is to increase convenience for people to complete their needs rapidly and secure the basic needs in Pakistan.

The online banking facilities are National Payment System Strategy (NPSS), Instant Payment System (RAAST), Electronic Money Institutions (EMIs), and Roshan Digital Account (RDAs) introduction for Non-Resident Pakistans (NRPs).

Key Takeaways:

What are the required documents to open a bank account online in Pakistan?

• Full Name as per Computerized/ Smart National Identity Card
• Father/ Spouse Name as per Computerized/ Smart National Identity Card
• Gender detail
• Computerized/ Smart National Identity Card Number
• Date of Issuance of Computerized/ Smart National Identity Card
• Date of Birth
• Place of Birth
• Mother’s Maiden Name
• Contact Number Mobile Number, Landline Number 
• Personal Email Address
• Current/ Mailing Address
• Purpose of Account
• Sources of Income
• Name and Relationship with Prospective Remitter