SBP Revises Deposit Profit Rule for Individuals With Up to Rs. 10 Million in Banks

The State Bank of Pakistan (SBP) has revised its minimum profit rate policy for bank deposits, limiting the requirement to individual account holders with monthly average balances of up to Rs. 10 million, as it seeks to encourage institutional investors to invest directly in government securities.

The central bank announced that the revised rule will apply only to natural persons, or individual account holders, maintaining a monthly average balance of up to Rs. 10 million. Institutional investors and individuals with larger deposits will no longer be covered under the minimum profit rate requirement.

The change follows the launch of InvestPak, the SBP’s new digital investment platform that allows retail and institutional investors to invest directly in government securities.

The central bank said the platform offers a convenient, efficient, and secure way for investors to earn returns on government backed instruments.

According to the SBP, institutional and sophisticated investors can now use InvestPak to access government securities directly and potentially earn higher returns. The central bank said the revised deposit profit policy and the launch of InvestPak are intended to broaden the investor base for government securities while providing investors with more investment options.

The SBP said the revised minimum profit rule will take effect on August 1, 2026, while all other instructions governing deposit profit rates will remain unchanged.