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ForeeRemittance Account - Features

NBP Remittance Account
(Details)

NBP Remittance Account
Urdu (Details)

User Manual
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User Manual - Urdu
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FAQs (Urdu)


Product Name

NBP FOREE REMITTANCE ACCOUNT/CARD

Product Type

Savings Deposit/ ATM Debit Card

Product Currency

  • Pak Rupees

Eligibility

  • Individual – Single
  • Individual – Joint (max. 1)

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)

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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