SBP sets rate of Special Cash Reserve Account at 4.35% for January

MG News | December 31, 2023 at 10:22 AM GMT+05:00

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December 31, 2023 (MLN): The State Bank of Pakistan (SBP) has set the rate of remuneration for the month of January 2024 on Special Cash Reserve Account (US$) at 4.35%, as per a notice issued by the central bank on Friday.

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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