SBP limits minimum savings return to Rs10m balances

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.