{"id":10532,"date":"2022-09-07T16:53:04","date_gmt":"2022-09-07T16:53:04","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=10532"},"modified":"2022-09-07T16:53:04","modified_gmt":"2022-09-07T16:53:04","slug":"rda-inflows-reach-5-billion-mark-in-24-months","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/rda-inflows-reach-5-billion-mark-in-24-months\/","title":{"rendered":"RDA inflows reach $5 billion mark in 24 months"},"content":{"rendered":"<p>RDA inflows reach $5 billion mark in 24 months. Inflow of remittances under <a href=\"https:\/\/www.sbp.org.pk\/rda\/index.html\">Roshan Digital Account<\/a> (RDA) rose to US $4.981 billion by the end of August 2022 as compared to US $4.794 billion till end of July, according to a latest data released by the State Bank of Pakistan.<\/p>\n<p>The data showed that the inflows of remittances during the month of August were recorded at $187 million as compared to $188 million in July and $250 million in June, 2022.<\/p>\n<p>Roshan Digital Account (RDA) was launched by State Bank of Pakistan in collaboration with commercial banks operating in the country.<\/p>\n<p>These accounts provide innovative banking solutions to millions of Non-Resident Pakistanis (NRPs), including Non-Resident Pakistan Origin Card (POC) holders, and seeking to undertake banking, payment and investment activities in Pakistan.<\/p>\n<p>As per data, expatriate Pakistanis from 175 countries had deposited the funds to 456,732 accounts opened through RDA.<\/p>\n<p>The number of accounts has also been increased from 441,344 in July to 456,732 in August 2022, which means some 15,388 new accounts were opened in August.<\/p>\n<p><em><strong>Read more:\u00a0<a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/pakistan-out-of-financial-crisis-after-petroleum-price-hikes-miftah-ismail.html\">Pakistan out of financial crisis after petroleum price hikes: Miftah Ismail<\/a><\/strong><\/em><\/p>\n<p>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.<\/p>\n<p>The State Bank of Pakistan Spokesperson said on his official twitter handle \u201cToday marks yet another historic day in Roshan Digital Account as the total deposits have crossed $5bn. We thank our Overseas Pakistanis for their continuous trust in making SBP\u2019s Roshan Digital Account a huge success.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RDA inflows reach $5 billion mark in 24 months. Inflow of remittances under Roshan Digital Account (RDA) rose to US $4.981 billion by the end of August 2022 as compared to US $4.794 billion till end of July, according to a latest data released by the State Bank of Pakistan. The data showed that the [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":10533,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,9],"tags":[3755,599],"class_list":["post-10532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-latest-news","tag-roshan-digital-account","tag-state-bank-of-pakistan"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/10532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=10532"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/10532\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/10533"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=10532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=10532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=10532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}