Circulars/Notifications - Banking Policy & Regulations Department  
 BPRD Circular Letter No. 10 of 2022
April 13, 2022

The Presidents/Chief Executives
All Banks/MFBs


Dear Sir/Madam,

Guidelines on Low Risk Bank Accounts with Simplified Due Diligence - Asaan Account
         

This refers to BPRD Circular No. 11 of 2015 and BPRD Circular Letter No. 32 of 2017 regarding the captioned subject, wherein accounts namely Asaan Account and Asaan Remittance Account were introduced to extend benefits of financial services to unbanked/ under-banked segments of population.

2.  In this regard, in order to further expand outreach of aforementioned low risk accounts, it has been decided to enhance the transactional limits for Asaan Account and Asaan Remittance Account. Revised limits shall be as follows:

a) Asaan Account

  • Total Debit per Month:                       Rs. 1,000,000
  • Total Credit Balance Limit:                 Rs. 1,000,000

b) Asaan Remittance Account

  • Maximum Credit Balance Limit:          Rs. 3,000,000
  • Cash withdrawal Limit:                      Rs. 500,000 per day
  • Fund Transfer Limit:                          Rs. 500,000 per day to any other account
  • Local Credit allowed:                         Rs. 1,000,000 per month
  • No commercial remittance allowed

3. All other instructions on the subject shall remain the same.

4. Please acknowledge receipt.




Yours truly,

Sd/-

(Muhammad Akhtar Javed)
Director



       
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