INPC Deposit

inpc Deposit & Withdrawal Guide 2025: Methods, Limits, and Processing Times Explained

Part 1: inpc Minimum Deposit Requirements

inpc Minimum Deposit Explained

The minimum deposit for investing in Islamic Naya Pakistan Certificates (INPC) varies based on the currency denomination:

• PKR: Minimum deposit of PKR 10,000 with integral multiples of PKR 1,000.
• USD: Minimum deposit of USD 1,000 with integral multiples of USD 500.
• GBP: Minimum deposit of GBP 1,000 with integral multiples of GBP 500.
• EUR: Minimum deposit of EUR 1,000 with integral multiples of EUR 500.

Advantages and Disadvantages

Advantages:

1. Attractive Returns: INPCs offer competitive profit rates compared to traditional savings accounts.
2. Shariah Compliance: Investments are based on Mudarabah principles, ensuring compliance with Islamic finance laws.
3. Sovereign Backing: These certificates are issued by the Government of Pakistan, providing a level of security.
4. Multiple Currencies: Investors can choose to invest in PKR, USD, GBP, or EUR, catering to a diverse clientele.

Disadvantages:

1. Minimum Investment Requirement: The minimum deposit may be high for some investors, especially in foreign currencies.
2. Limited Accessibility: Only available to holders of Roshan Digital Accounts (RDAs), which may exclude some potential investors.
3. Currency Risk: For foreign currency deposits, fluctuations in exchange rates can affect returns.
4. Lock-in Period: Early withdrawal may incur penalties or restrictions, limiting liquidity.

Competitor Comparison

Compared to other investment options like traditional fixed deposits or mutual funds, INPCs provide higher returns and are Shariah-compliant. However, traditional fixed deposits may offer more flexibility in terms of withdrawal options.

Part 2: inpc Deposit Methods

inpc Deposit Methods Comprehensive Guide

The following deposit methods are available for investing in INPCs:

1. Bank Transfer

• Processing Time: 1-3 business days
• Fees: Varies by bank; typically low or no fees
• Availability/Regions: Available globally for RDA holders
• Limits: Minimum as per currency denomination
• Pros: Secure and direct method
• Cons: May take longer for processing

1. Online Banking

• Processing Time: Instant to 1 business day
• Fees: Usually free
• Availability/Regions: Limited to banks offering online services
• Limits: Minimum as per currency denomination
• Pros: Convenient and quick
• Cons: Requires internet access and banking setup

1. Mobile Banking Apps

• Processing Time: Instant
• Fees: Generally free
• Availability/Regions: Dependent on bank app functionality
• Limits: Minimum as per currency denomination
• Pros: User-friendly and accessible
• Cons: Limited to users with compatible devices

1. Remittance Services

• Processing Time: 1-2 business days
• Fees: Varies by service provider
• Availability/Regions: Available for overseas Pakistanis
• Limits: Minimum as per currency denomination
• Pros: Useful for non-residents
• Cons: Higher fees compared to bank transfers

Supported Currencies

INPCs support deposits in PKR, USD, GBP, and EUR.

Recommended Methods

For quick and efficient deposits, online banking and mobile banking apps are recommended due to their instant processing times and user-friendly interfaces.

Part 3: inpc Deposit Process

inpc Deposit Steps Explained

1. Open a Roshan Digital Account (RDA): Ensure you have an RDA with an agent bank.
2. Log in to your Online Banking or Mobile App: Access your account through the bank's platform.
3. Select the Deposit Option: Choose to invest in INPCs from the investment options.
4. Enter Investment Details: Specify the amount, currency, and tenure.
5. Confirm the Transaction: Review and confirm the transaction to complete the deposit.

KYC/Verification Notes

Investors must ensure that their KYC (Know Your Customer) documents are up to date with the bank to facilitate smooth transactions.

Common Issues and Solutions

• Issue: Delay in fund crediting.
• Solution: Contact customer support of the bank for transaction status.
• Issue: Incorrect deposit amount.
• Solution: Verify details before confirming the transaction.

Typical Fund Crediting Times

Deposits are typically credited within 1-3 business days, depending on the method used.

Part 4: inpc Withdrawal Methods

inpc Withdrawal Methods Overview

The following withdrawal methods are available for accessing funds from INPCs:

1. Bank Transfer

• Processing Times: 1-3 business days
• Fees: Varies by bank; typically low or no fees
• Supported Currencies: PKR, USD, GBP, EUR
• Limits: Subject to account balance
• Pros: Secure and reliable
• Cons: May take longer to process

1. Online Banking

• Processing Times: Instant to 1 business day
• Fees: Usually free
• Supported Currencies: PKR, USD, GBP, EUR
• Limits: Subject to account balance
• Pros: Quick and convenient
• Cons: Requires internet access

1. Mobile Banking Apps

• Processing Times: Instant
• Fees: Generally free
• Supported Currencies: PKR, USD, GBP, EUR
• Limits: Subject to account balance
• Pros: Accessible and user-friendly
• Cons: Limited to users with compatible devices

Recommended Withdrawal Options

For speed and cost-effectiveness, mobile banking apps and online banking are the best options for withdrawals.

Part 5: inpc Withdrawal Process

inpc Withdrawal Steps Explained

1. Log in to your Online Banking or Mobile App: Access your account.
2. Select the Withdrawal Option: Choose to withdraw from your INPC investment.
3. Enter Withdrawal Amount: Specify the amount you wish to withdraw.
4. Confirm the Transaction: Review the details and confirm the withdrawal.
5. Receive Confirmation: Wait for confirmation of the transaction.

ID Verification Requirements

ID verification may be required, especially for larger withdrawals, to comply with regulatory standards.

Expected Fund Arrival Time

Funds are typically available within 1-3 business days after processing the withdrawal.

Typical Delay Reasons and Solutions

• Reason: Bank processing delays.
• Solution: Contact the bank's customer service for updates.
• Reason: Incorrect account details.
• Solution: Double-check the entered information before confirming the withdrawal.

FAQs – inpc Deposits & Withdrawals

1. What is the minimum deposit for inpc？

• The minimum deposit for INPC is PKR 10,000 for PKR denominated certificates and USD 1,000 for USD denominated certificates, with specific amounts for GBP and EUR.

1. How long do withdrawals take？

• Withdrawals typically take 1-3 business days to process.

1. Are there fees for deposits or withdrawals？

• Fees vary by bank and method; however, many transactions are free or have low fees.

1. Can I use the same method for both deposits and withdrawals？

• Yes, most methods such as bank transfers and online banking can be used for both deposits and withdrawals.

1. Does inpc support cryptocurrency or local payment methods？

• No, INPCs do not support cryptocurrency or local payment methods; transactions are limited to traditional banking methods.