Rupee Traveler Cheque (RTC)

Askari Bank Limited has always remained at the forefront in introducing innovative and unique products in banking sector. Our financial instruments provide greater financial freedom and security in an unmatched way to our valued customers. Askari Bank offers you its Rupee Traveler Cheques (RTCs), eliminating all financial risks while traveling. So avoid the risk of carrying cash through Askari Bank’s RTCs.

Features Details
Eligibility: Any literate individual customer (account is not mandatory)
Denominations: Rs. 10,000/-
Validity: Until encashed
Processing: – Issuance

  • Desirous customer will submit the application form (duly filled/signed) at any branch of Askari Bank Limited
  • After verification, branch will forward the form to the Investment Products Unit (IPU)
  • IPU will keep the record of the customer and system will automatically update that customer’s transaction.

– Encashment

  • Original purchaser will approach the nearest branch
  • Purchaser will sign RTC on the face and branch will verify his signatures with the signature mentioned on CNIC before encashment of the same
Charges: Refund processing charges are Rs. 1,000/- and issuance/encashment are free
Commission: Rs. 30 per RTC on holding the same for 30 days or more
Withholding Tax 0.3% on Issuance & Encashment in excess of Rs. 50,000/-

For Issuance/Encashment

  • Original CNIC


For Refund

  • Attested copy of CNIC
  • Application from original purchaser
  • Purchase agreement (Form RTC 1)
  • Refund application (Form 2-A)
  • Indemnity & guarantee (Form 2B)
  • Lost report schedule (Form 2-C)
  • Voucher copy for re-issuance processing fee
  • Copy of FIR (if lost amount is Rs. 50,000/- and above)