SBP limits minimum savings return to Rs10m balances
MG News | July 06, 2026 at 10:50 PM GMT+05:00
July 06, 2026 (MLN): The State Bank of Pakistan will restrict applicability of the minimum rate of return on saving deposits to natural persons (individuals) maintaining a monthly average balance of up to Rs10 million, according to a circular issued by the central bank.
The instructions, effective from August 01, 2026, mean that
the minimum profit rate requirement earlier notified vide BPRD Circular No. 05
and IFPD Circular No. 09, both dated November 26, 2024, related to profit
sharing on saving deposits will no longer apply uniformly across all saving
account holders.
Instead, it will be capped at individual depositors within
the Rs10m monthly average balance threshold.
The move coincides with the formal launch of
"InvestPak," a digital platform enabling retail and corporate
investors to directly invest their savings in Government securities in a
convenient, efficient and secured manner.
The central bank stated that as institutional and
sophisticated investors can now conveniently invest in Government securities
through InvestPak and earn better returns, the minimum profit rate requirement
has been recalibrated to apply only within the Rs10m threshold for individual
depositors.
The two measures are aimed at diversifying the investor base
of Government securities while ensuring competitive returns for investors.
The InvestPak platform is accessible to both institutional
and retail investors for directly investing their savings digitally in
Government securities.
All other instructions on the subject shall remain
unchanged.
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