Product Name |
NBP FOREE REMITTANCE ACCOUNT/CARD |
Product Type |
Savings Deposit/ ATM Debit Card |
Product Currency |
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Eligibility |
- Individual – Single
- Individual – Joint (max. 1)
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Product Feature |
- Treatment of Withholding tax on cash withdrawal will be as applicable on PLS accounts.
- The customer will be issued a cheque book as per existing procedure and charges on issuance of cheque book would be as applicable on PLS Accounts.
- Card will be valid for use in Pakistan only and will not be acceptable overseas.
- Foree Remittance Account will qualify for Zakat deduction as applicable on PLS Deposit Accounts/schemes.
- No Account Maintenance and service charges will be applicable. Foree Remittance Card will be free of cost and no annual fees will be charged.
- No monthly minimum balance requirement.
- Dispatch of statement of accounts, KYC and other regulatory rules will be applicable as per Foree Remittance Account.
- Minor can open this account as per applicable rules of PLS Accounts.
- SMS Alert Service (subject to subscription)
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ATM Card
Supplementary Card
Profit & Loss Rate
ATM Withdrawal/POS Limits |
- The customers will be issued an ATM/Debit Card to withdraw their remittances as per existing procedure. Foree Remittance Card will be issued on every Foree Remittance account as mandatory
- One (1) supplementary card will be allowed to Foree Remittance account holders
- The rate of PLS Accounts will be applicable on average monthly balance and paid on half yearly basis
- Cash withdrawal limit against Remittance Cards through ATM will be Rs. 20,000/- per day along with separate limit for POS as per existing rules.
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