Tuesday, November 5, 2019

Introduces new system of verification of frozen bank accounts of Overseas Pakistanis

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The State Bank of Pakistan has issued alternative instructions for resolving the difficulties of verification of foreign bankers' bank accounts, after which all persons who are not present in the country for biometric authentication will submit other documents online. According to sources, this alternative arrangement was made keeping in view the complaints received regarding the transfer of money to Pakistanis residing abroad and suspension of their bank account in the country for the purpose of employment.news world ahmed

 Introduces new system of verification of frozen bank accounts of Overseas Pakistanis

State Bank has also issued instructions to all the banks in this regard. According to a statement issued by Bank Daulat Pakistan, women and gentlemen from abroad under the alternative system mentioned by contacting their respective bank by email / general post. Provide your identity documents (passport, visa, ID card). These documents will be used as a substitute for biometric authentication.


After confirming the account, Pakistanis abroad will be able to use their bank account without interruption. In this regard, the State Bank has also clarified the terms and conditions of certification under which the bank account holders are divided into three levels. Is a non-resident Pakistani, a temporary resident of Pakistan and a joint account holder.news world ahmed

According to the details provided by Director State Bank Muhammad Akhtar Javed, the non-resident Pakistanis will have to send the following documents for verification of bank account.

1. Confirmation of the user's non-resident Pakistanis with an effective passport, visa, residence permit or other certified document

2. A copy of the ID card or the barbershop

3. The relevant bank account number

4. Certificate to inform the bank in case of change of residential status by the user

The proposed bank will confirm through NADRA keeping in view the information provided.

All persons who are not Pakistanis abroad but who are temporarily living outside the country must provide acceptable proof of not being in the country. After the information is provided, the concerned bank will complete the verification process through NADRA system which will be an alternative to biometric verification.

It is worth mentioning here that this alternative verification process will only be applicable as long as the user is out of the country, in case of return, the user will have to get biometric verification immediately.news world ahmed

Biometric certification of citizen resident in Pakistan will be done in the case of joint account, whereas alternative verification will be done in the following manner keeping in view the resident status of citizen living outside the country. Biometric authentication of all bank accounts has been mandated as per the steps taken in connection with the Terrorism and in case of non-verification, the account is being suspended.

However, Pakistanis living outside the country for employment were facing difficulties because their accounts were being suspended for not being present in the country and they also face difficulties in sending money to Pakistan. The alternative system of bank wealth Pakistan will ease the difficulties of Pakistanis residing abroad.
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