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Roshan Digital Account inflows rise to $4.356 billion in May 2022

admin-augaf by admin-augaf
June 26, 2022
in Business, National, News
Reading Time: 2 mins read
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RDA inflows rise to $4.356 billion in May

RDA inflows rise to $4.356 billion in May

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Karachi June 26 2022: Inflow of remittances under Roshan Digital Account (RDA) rose to US $4.356 billion by the end of May 2022 as compared to US $4.167 billion till end of April, according to a latest data released by the State Bank of Pakistan.

The data showed that the inflows of remittances during the month of May were recorded at $189 million as compared to $245 million in April and $290 million in March, 2021.

Roshan Digital Account (RDA) was launched by State Bank of Pakistan in collaboration with commercial banks operating in the country.


These accounts provide innovative banking solutions to millions of Non-Resident Pakistanis (NRPs), including Non-Resident Pakistan Origin Card (POC) holders, seeking to undertake banking, payment and investment activities in Pakistan.

As per data, expatriate Pakistanis from 175 countries had deposited the funds to 416,837 accounts opened through RDA.

The number of accounts has also been increased from 403,750 in April to 416,837 in May 2022, which means some 13,087 new accounts were opened in May.

The scheme that started in September 2020 received lukewarm response from the overseas Pakistanis who deposited only $7 million in the opening month, however with the passage of time the interest kept on increasing as the inflow reached to $40 million in October 2020 and $110 million in the subsequent month.


On June 21, the RDA marked a historic day when it received the highest ever daily inflows of $57 million, taking the accumulated deposits in RDA to over $4.5 billion.

Source: State Bank of Pakistan

Related Posts

Overseas Pakistani residing in Saudi Arabia opened the highest number of Roshan Digital Accounts: SBP Governor

SBP Launch Roshan Equity Investment Platform for Overseas Pakistanis

Inflows in Roshan Digital Account from Overseas Pakistanis Falls to Low of 22 Months

Sending money for the family is the major attraction for sending funds through RDA


Tags: RDARoshan Digital Account
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