For millions of overseas Pakistanis, sending money back home is a crucial way to support families and contribute to Pakistan’s economy. Fortunately, the government offers a tax-free foreign remittance policy to encourage seamless transfers.

With JS Bank Foreign Remittance, beneficiaries can receive funds quickly, securely, and without incurring additional costs or taxes. Whether you’re an expatriate or a beneficiary, understanding the benefits and processes of tax-free remittance can help you maximize its advantages.

What is Foreign Remittance?

Foreign remittance refers to the transfer of funds from overseas to a beneficiary’s bank account in Pakistan. These transfers are essential for supporting households, funding education, or investing in local businesses. With a JS Home Remittance Account (HRA), receiving money becomes hassle-free and tax-exempt, ensuring that every rupee sent reaches its intended recipient.

Benefits of Tax-Free Foreign Remittance

No Withholding Tax

One of the biggest benefits of receiving foreign remittance in Pakistan is the exemption from withholding tax. Unlike other credit channels, remittances through banks like JS Bank are completely tax-free, ensuring recipients get the full transferred amount.

Instant Transfers

With modern banking solutions, remittances are credited to the recipient’s account instantly. JS Bank ensures quick processing so that funds are available for withdrawal without delays.

Hassle-Free Account Management

• Open and maintain a remittance account without worrying about balance requirements.
• Stay updated on every transaction with instant notifications.
• Funds can be withdrawn conveniently through JS Bank ATMs or other ATMs nationwide.

High Transaction Limits

For recipients managing larger transfers, JS Bank’s HRA offers generous limits:

• Maximum Account Balance: PKR 1,500,000
• Cash Withdrawal Per Transaction: PKR 50,000

Enhanced Security and Reliability

Foreign remittance through JS Bank provides an added layer of safety. Transactions are transparent, trackable, and secure, offering both senders and recipients peace of mind.

How to Receive Tax-Free Foreign Remittance With JS Bank

Receiving foreign remittance is straightforward and efficient with JS Bank:

1.Open a Home Remittance Account (HRA)

Visit your nearest JS Bank branch with your original CNIC for easy account opening.

Accounts are activated instantly, allowing you to receive funds quickly.

2. Provide Accurate Details to the Sender

Share the following information with your remitter to ensure seamless transactions:

• Account Title
• Account Number or IBAN
• Bank Name (JS Bank)

3.Monitor Transactions

Use JS Bank Mobile App or Internet Banking to track your remittance.

Enable SMS alerts to receive instant notifications once the funds are credited.

4.Withdraw Funds Conveniently

Withdraw your remittance through JS Bank ATMs or any other ATM nationwide without additional charges.

Why Choose JS Bank for Foreign Remittance?

JS Bank’s Home Remittance Account offers unparalleled convenience and benefits:

• Receive the full amount sent by your loved ones.
• Transactions are credited instantly for valid account details.
• Withdraw funds anytime through ATMs across Pakistan.
• Transactions are handled with the highest level of security and transparency.

Conclusion

Tax-free foreign remittance significantly improves the lives of families in Pakistan and supports the national economy. With JS Bank Foreign Remittance, recipients can enjoy a hassle-free, secure, and cost-effective way to access funds sent from abroad.

Whether you’re an overseas Pakistani looking for reliable transfer options or a recipient managing family support, JS Bank ensures that every transaction is simple, fast, and tax-free.

Open a Home Remittance Account today and experience banking that works for you.