SBP limits minimum deposit profit rate to individual accounts up to Rs10 million

The State Bank of Pakistan (SBP) on Monday said the minimum profit rate requirement on bank deposits will apply only to individual account holders maintaining a monthly average balance of up to Rs10 million.

The revised instructions will take effect from August 1, 2026, while all other instructions on the subject will remain unchanged.

According to the SBP, the decision has been taken as institutional and sophisticated investors can now invest directly in government securities through the newly launched InvestPak platform and earn market-based returns.

The central bank said InvestPak is a digital platform that allows retail and corporate investors to invest their savings in government securities in a convenient, efficient and secure manner. The platform is accessible to both institutional and retail investors.

The SBP said the changes are aimed at diversifying the investor base of government securities while ensuring competitive returns for investors.

Under the revised framework, deposits of natural persons, or individuals, will remain covered by the minimum profit rate requirement only if their monthly average balance does not exceed Rs10 million.

The change effectively excludes larger individual balances and institutional deposits from the minimum profit rate requirement.