Opening a bank account to send your loved ones home is not easy these days and involves a long list of formalities. Bank of Punjab has introduced “BOP Asaan Remittance Current Account” to facilitate the opening of bank accounts for low risk / low income non-bank or low bank customers so that they can use domestic methods instead of traditional methods of counter cash transactions. Remittances can be received directly into the bank account. These segments of society may include skilled / unskilled manpower, farmers, less educated / uneducated persons, laborers / day laborers, women / housewives, self-employed persons, pensioners, young adults etc.
Bank Of Punjab Asaan Remittance Current Account Benefits
1. BOP Asaan Remittance Current Account provides the facility of minimum balance requirement for opening an account in which an account will open in PKR currency as a current account only.
2. BOP Asaan Remittance Current Account provides the facility of this account shall be fed through Home Remittances from abroad only.
3. BOP Asaan Remittance Current Account provides the facility that only “Individuals” can open this account in Single or Joint capacity.
4. BOP Asaan Remittance Current Account provides the facility of no requirement of initial deposit and minimum balance.
5. BOP Asaan Remittance Current Account provides the facility of free online banking service
6. BOP Asaan Remittance Current Account provides the facility of no account maintaining charges
7. BOP Asaan Remittance Current Account provides the facility of no commercial remittances shall be deposited in the account.
8. BOP Asaan Remittance Current Account provides the facility of no local credit shall be allowed in the account.
9. BOP Asaan Remittance Current Account provides the facility of no outward remittance will be allowed.
10. BOP Asaan Remittance Current Account provides the facility of maximum credit balance of upto PKR 2,000,000.
11. BOP Asaan Remittance Current Account provides the facility of cash withdrawal upto PKR 50,000 per day.
12. BOP Asaan Remittance Current Account provides the facility of fund transfer from Asaan Remittance Current Account to any other account upto PKR 50,000 per day.
13. BOP Asaan Remittance Current Account provides the facility of account can be opened with minimum formalities and one pager account opening form.
Bank Of Punjab Asaan Remittance Current Account Eligibility and Required Documents
- The account holder must be of Pakistani nationality.
- The age limit of the account holder must be in the range of 18 years and above.
- The account holder must provide the valid copy of CNIC.
- In case of non-Pakistani residence the account holder must provide the valid copy of Passport.
- The account holder must provide the recent size photographs.
- The account holder must provide the documentation proof of residence either electricity bill, water bill, tenancy agreement addressed in their name.
- The account holder must provide documentation proof of income resources.
How to Apply for BOP Asaan Remittance Current Account
In order to apply for BOP Asaan Remittance Current Account, the interested customers should visit the nearest BOP branch and fulfill the application form along with the required documents and submit it with the branch manager.
Bank of Punjab Helpline Numbers
UAN: 111-200-100
Tel: (042) 35783700-10
Fax: (042) 35783713-35783975
