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This payment gateway system has been developed by State Bank of Pakistan, which provides state-of-the-art Payment System that enables real-time transfer of money securely and for FREE. Through this service, customer will be able to send and receive funds using bank’s mobile app, internet banking or over the counter services.
RAAST ID Creation:
Customers can create a RAAST ID by linking their Account Number or IBAN with their registered mobile number via HBL’s Digital Channels
Sending & Receiving Funds:
Instant Payments
Easy to Use
No Transaction Fee
Reliable and Secure
RAAST ID Creation:
Step 1: Sign into your HBL Mobile
Step 2: Tap on ‘RAAST ID Management’
Step 3: Select account that you want to link from ‘Link Account’ dropdown and tap ‘Create ID’
De-Link RAAST ID
Step 1: Sign into your HBL Mobile
Step 2: Tap on ‘RAAST ID Management’
Step 3: Select account that you want to de-link from ‘Link Account’ dropdown and tap ‘De-Link ID’
Re-Link RAAST ID
Step 1: Sign into your HBL Mobile
Step 2: Tap on ‘RAAST ID Management’
Step 3: Select account that you want to re-link from ‘Link Account’ dropdown and tap ‘Re-Link ID’
RAAST ID Creation:
Step 1: Sign into your Konnect App
Step 2: Tap on ‘RAAST Icon’
Step 3: Tap ‘LINK/ DE-LINK RAAST ID’
Step 4: Account details will appear for creation, tap ‘Next’ to create Raast ID
De-Link RAAST ID:
Step 1: Sign into your Konnect App
Step 2: Tap on ‘RAAST Icon’
Step 3: Tap ‘LINK/ DE-LINK RAAST ID’
Step 4: Account details will appear for de-linking, tap ‘Next’ to de-link Raast ID
Step 1: Sign into your HBL Mobile
Step 2: Tap ‘Send Money’ and click on ‘Raast’
Step 3: Select ‘Account Type (RAAST ID, IBAN or Bank Account)’.
Step 4: Recipient’s ‘Account Title’ will appear, add amount and tap ‘Next’
Step 5: Enter OTP (One Time Password) to complete transaction
Step 1: Sign into your Konnect App
Step 2: Tap ‘Send Money’ and tap on ‘Add RAAST ID/IBAN’ to add a recipient
Step 3: Add recipient’s ‘RAAST ID/ IBAN’, add recipient’s mobile phone number and tap ‘Next’
Step 4: Select the recipient from the beneficiary list, details will appear, add amount and tap ‘Next’
Step 5: A ‘confirm Payment’ pop-up will appear with recipient’s account title and amount, tap ‘Pay’ to complete transaction
Raast is Pakistan’s first instant payment system that will enable end-to-end digital payments among individuals, businesses and government entities instantaneously. The state-of-the-art Pakistan’s Faster Payment System will be used to settle small-value retail payments in real time while at the same time provide a cheap and universal access to all players in the financial industry including banks and fintechs.
For more information, visit:https://www.sbp.org.pk/dfs/Raast.html
In IBFT, you require bank account number for sending and receiving payments, whereas through RAAST you can send and receive money from anywhere across Pakistan on your registered Raast ID
For now, per day transfer limit is PKR 200,000 but branchless banking account limits apply
As of now there are no charges for using RAAST services
No, a customer can only register 1 Raast ID with one linked account
No, at a time you can only link one bank account to your Raast ID.
No, you can only use your mobile phone number to set up your RAAST ID
No, RAAST is only available for single and joint customer accounts
No, Remittances can’t be received using RAAST Services
No, the transaction will be rejected if the beneficiary has deleted their Raast ID
Yes, you can de-link your Raast ID from your current bank account and can re-link that Raast ID with another bank account.
HBL Mobile users can initiate the delete request for Raast ID by calling HBL Helpline 021-111-111-425. Konnect by HBL users can initiate the delete request for Raast ID by calling Konnect by HBL Helpline 021-111-425-111.
For complaints you may reach out HBL (021-111-111-425) or Konnect by HBL helpline (021-111-425-111)