Roshan Digital Account

UBL Funds Roshan Digital Account

Roshan Digital Account is a unique initiative by SBP and SECP designed for Overseas Pakistanis. It allows Non-Resident Pakistanis to conveniently open a bank account in Pakistan online, from anywhere globally. This account also enables them to invest in Mutual Funds, now approved as an investment option by the State Bank of Pakistan and SECP.

Eligibility Criteria

• Non-Resident Pakistanis (NRPs) must have a valid CNIC, NICOP, or Passport.
• Foreign nationals must possess a Pakistan Origin Card (POC).
• Federal or Provincial Government officials serving abroad are eligible.
• An existing PKR Roshan Digital Account with UBL Digital is required.

Features

• Invest in Pakistan’s leading Asset Management Company.
• Gain access to a wide range of products, including money market, capital preservation, fund of funds, equity funds, asset allocation, fixed income, and voluntary pension schemes.
• Enjoy a fully repatriable account.
• Benefit from a proven track record spanning over 23 years.
• Experienced and professional management team.

STEP 1. Mutual Funds Account Opening 

• After opening a PKR Roshan Digital Account with UBL Bank, investors can choose to invest in UBL Funds through UBL Digital’s online portal.
• Investors need to complete UBL Funds’ account opening form, provide additional AML/KYC information, and review and accept the terms and conditions.
• UBL Bank will forward the investor’s information and documents to UBL Funds.
• UBL Funds will conduct due diligence and enhanced KYC (if necessary) and confirm the account opening to the investor via email.
• Once the account is successfully opened, the investor will receive a welcome email with instructions to transfer the investment amount to UBL Funds using UBL Digital’s Internet Banking.
• To simplify the process, the account opening confirmation email from UBL Funds will include a link to assist investors in registering on the BL Funds Online portal.

STEP 2. Procedure For Mutual Funds Investment

• After the investment account is opened, the investor can transfer funds exclusively from their registered UBL Roshan Digital Account using UBL Digital’s Internet Banking.
• Once the investment is processed, UBL Funds will provide the investor with an account statement and an investment acknowledgment letter.

STEP 3. Procedure For Redemption / Conversion In Mutual Funds

• The investor can directly submit redemption or conversion requests through the digital platforms of UBL Bank and UBL Funds.
• Payment for redemptions will be credited to the registered UBL Roshan Digital Account.