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.
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 18.50% 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