SBP limits minimum savings return to Rs10m balances

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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