PakWatan Remittance Account

No Queue, No Waiting!

PakWatan Remittance Account provides overseas Pakistanis with a fast and secure channel to send money to their families living in Pakistan, directly in a bank account without visiting the branch.

  • No initial deposit requirement
  • No minimum balance requirement
  • Local credits are also allowed in PakWatan Remittance Account
  • Free services include:
    • First Cheque Book of 10 Leaves
    • Askari UnionPay Debit Card Issuance (annual and replacement fee would apply)
    • Internet Banking
    • SMS on digital transactions
    • E-statements
  • Customer may be eligible for Personal Finance, Credit Cards and Auto Finance after six months of maintaining PakWatan Remittance Account, subject to eligibility criteria of the bank
  • Insurance Coverage
    • ATM Cash Withdrawal Insurance coverage up to daily cash withdrawal limit of the debit card from Askari Bank ATMs
    • 24 hours world-wide “Accidental Death & Permanent Disability” insurance coverage to Debit Card holders. Rs. 500,000/- and Rs. 700,000/- for Classic and Gold Debit Cards respectively
    • 24 hours world-wide “Accidental Death & Permanent Disability” insurance coverage. The sum insured per account holder shall be equivalent to four times of the average balance completed in the last six months – maximum upto Rs. 2.5 Million
  • WHT exemption on cash withdrawal on home remittances received from abroad



Note:

  • All bank charges are applicable as per prevailing Schedule of Charges
  • Terms and Conditions apply
Product Features

  • No initial deposit requirement
  • No minimum balance requirement
  • Local credits are also allowed in PakWatan Remittance Account
  • Profit payment on 5.5% per annum monthly basis based on monthly average balance
  • Free services include:
    • First Cheque Book of 10 Leaves
    • UnionPay Debit Card Issuance (annual and replacement fee would apply)
    • Internet Banking
    • SMS on digital transactions
    • E-statements
  • Customer may be eligible for Personal Finance, Credit Cards and Auto Finance after six months of maintaining PakWatan Remittance Account, subject to eligibility criteria of the bank
  • Insurance Coverage
    • ATM Cash Withdrawal Insurance coverage up to daily cash withdrawal limit of the debit card from Askari Bank ATMs
    • 24 hours world-wide “Accidental Death & Permanent Disability” insurance coverage to Debit Card holders. Rs. 500,000/- and Rs. 700,000/- for Classic and Gold Debit Cards respectively
  • WHT exemption on cash withdrawal on home remittances received from abroad

  • Note:

  • All bank charges are applicable as per prevailing Schedule of Charges
  • Zakat and taxes are applicable as per law
  • Terms and Conditions apply