PAK CB Return Rate on Saving Deposits
On Nov. 26, PAK CB revised requirements for minimum profit rate.
PAK CB said minimum profit rate requirement specified in previous circulars will no longer apply to deposits of FIs, public sector enterprises, and public limited companies. The changes will take effect on Jan. 1, 2025.
Regulators
PAK CB
Entity Types
Bank; MSB
Reference
Cir BPRD 5/2024, 11/26/2024; Cir BPRD 5/2014, 5/27/2014; Cir BPRD 7/2013, 9/27/2013
Functions
Compliance; Financial; Treasury
Countries
Pakistan
Category
State
Products
Banking; Deposits
Regions
AP
Rule Type
Final
Rule Date
11/26/2024
Effective Date
1/1/2025
Rule Id
234819
Linked to
N/A
Reg. Last Update
11/26/2024
Report Section
International
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