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Mettis Global News
Mettis Global News
Mettis Global News

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SBP reduces rate of Special Cash Reserve Account to 4.2% for Sep

SBP discontinues FE-25 deposits data
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September 05, 2024 (MLN): The State Bank of Pakistan (SBP) has set the rate of remuneration for September 2024 on Special Cash Reserve Account (US$) at 4.20%, as per a notice issued by the central bank.

To note, this rate is for deposits raised under FE-Circular 25 of 1998.

The special cash reserve account is remunerated by State Bank on daily product basis on rates notified at the end of each month.

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Posted on: 2024-09-05T10:17:15+05:00