Now Every Pakistani Citizen Can Open Bank Accounts Online – SBP
The State Bank of Pakistan (SBP) has launched a new digital banking system that allows every Pakistani to open bank account online in Pakistan without going to a branch. This big update means anyone — whether you’re a student, freelancer, or business owner — can open any type of account in just 2 working days. It’s simple, fast, and paper-free.
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How to Open Bank Account Online in Pakistan – Full Details
Now, you don’t need to stand in long queues or fill out heavy paperwork. With this new system, opening a bank account online in Pakistan is as easy as using your phone or laptop.
What’s New in the Digital Bank Account System?
Under this updated system, banks must complete the account opening process within two working days. You can also track your application status online, so you don’t need to wait for uncertain updates.
This applies to all types of bank accounts — including savings, current, business, freelancers, students, and even foreign currency accounts.
Key Features of the New Digital System:
| Feature | Details |
|---|---|
| Account Opening Time | Maximum 2 working days |
| Physical Branch Visit Required? | ❌ No |
| Types of Accounts | Savings, Current, Business, etc. |
| Status Tracking | ✅ Online status check available |
| For Businesses | Digital tools like Raast QR, POS, etc. |
| Purpose | Financial inclusion, ease, & transparency |
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Big Win for Small Businesses
For merchants and small businesses, this is a game-changer. Banks are now required to provide digital tools like:
- Raast QR codes
- Point-of-sale (POS) machines
- E-commerce payment gateways
This means local shops and online sellers can now accept digital payments easily, boosting sales and trust.
Why This Matters for Pakistan
This step by the State Bank of Pakistan is a major push toward financial inclusion. Millions of Pakistanis who previously had no access to bank accounts — due to long paperwork or far-off branches — can now get started in just a couple of clicks.
It also supports the country’s goal of moving toward a cashless economy, where digital payments become the new normal — safer, faster, and more transparent.
Also Read: NADRA Simplifies CNIC Process: Apply Online & Pay Fees Digitally
FAQs About Pakistan’s New Digital Account System
How can I open bank account online in Pakistan?
You can visit your bank’s website or mobile app, fill out the digital form, upload your CNIC photo, and your account will be opened within 2 working days.
Who can open a digital bank account now?
Anyone with a valid CNIC (Pakistani identity card), whether an individual, freelancer, student, or businessperson.
Do I need to visit a branch?
No. Everything can be done online via bank websites or mobile apps.
How long does it take to open an account?
The process must be completed within 2 working days.
Can I track my application?
Yes. You can check your account application status online.
What if I own a business?
Banks will now offer digital tools like Raast QR, POS machines, and online store payment setups.
Conclusion
With this major update, the State Bank of Pakistan has made banking easier than ever. By allowing every Pakistani to open a bank account digitally, the country is moving one step closer to a modern, digital economy.
No paperwork. No long lines. Just your phone and internet — and your bank account is ready.
