Updated on
Summary State Bank of Pakistan has increased the net deposit limit for Islamic banks.
According to a circular issued by SBP, customers have to submit at least 14 percent of cash of their demand and time deposit of less than one year period. This ratio would be implemented from April 1, 2011. While, this limit would not be applied on deposits of more than one year period. Islamic banks can deposit this money in current accounts of SBP or National Bank.
