PakWatan Remittance Account

No Queue, No Waiting!

Through the PakWatan Remittance Account, beneficiaries can quickly and securely receive remittances from their loved one living abroad directly in their 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 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

To view the flyer of PakWatan Remittance Account, please click here

Product Features

    • No initial deposit requirement
    • No minimum balance requirement
    • Local credits are also allowed in PakWatan Remittance Account
    • Profit payment on 20.50% 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
    • 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