Savings Account Profit Calculator Pakistan (SBP Floor Rate)
Calculate monthly interest on Pakistani commercial bank PLS savings accounts based on State Bank of Pakistan minimum floor rates and Section 151 withholding tax deductions.
Calculating PLS Savings Account Profit, SBP Floor Rates & Monthly Bank Credits in Pakistan
In Pakistan, conventional Profit and Loss Sharing (PLS) savings accounts are tightly regulated by the State Bank of Pakistan. Under SBP monetary directives, commercial banks are legally mandated to pay a minimum savings floor rate on PLS deposits, pegged exactly 1.50% below the prevailing SBP Policy (Reverse Repo) Rate.
Unlike fixed deposits that lock your capital, PLS savings accounts offer total liquidity, allowing you to withdraw funds via ATM, debit card, or Raast transfer at any time. Profit is calculated on either the minimum monthly balance or the average daily balance, and credited to your account monthly or bi-annually.
ToolQix's Savings Account Monthly Profit Calculator determines your exact net take-home monthly interest credit after statutory Section 151 Withholding Tax deductions.
Minimum Monthly Balance Rules, Daily Product Method & SBP Floor Rates
The engine calculates interest based on the SBP minimum savings floor rate. For accounts evaluated under the minimum monthly balance method, interest accrues only on the lowest balance maintained between the 1st and the final day of the calendar month.
How to Use Savings Account Profit Calculator Pakistan (SBP Floor Rate) Step-by-Step
1. Input Average / Minimum Monthly Balance
Specify the balance you maintain in your bank savings account.
2. Confirm SBP Floor Rate
Check the prevailing SBP minimum savings interest rate.
3. Choose Filer Status
Select Filer (15% WHT) or Non-Filer (35% WHT).
4. Review Net Monthly Credit
Inspect the exact cash interest credited to your account at month-end.
Key Industry & Real-World Use Cases
Liquid Emergency Fund Growth
Salaried workers tracking interest earned on 3 to 6 months of living expenses parked in liquid accounts.
Best Practices & Operational Tips
- Avoid making large withdrawals before the end of the month if your bank uses the 'Minimum Monthly Balance' rule, as a single dip will reduce your interest for the entire month.
Monthly Profit on Rs. 1,000,000 Savings Account at 13.5% SBP Floor Rate
| Filer Status | Gross Monthly Interest | WHT Deducted (Sec 151) | Net Cash Credited Monthly |
|---|---|---|---|
| Active Filer (15% Tax) | Rs. 11,250 | Rs. 1,688 | Rs. 9,562 / mo |
| Non-Filer (35% Tax) | Rs. 11,250 | Rs. 3,938 | Rs. 7,312 / mo |
Frequently Asked Questions about Savings Account Profit Calculator Pakistan (SBP Floor Rate)
What is the SBP minimum savings rate rule?
The State Bank of Pakistan mandates that all commercial banks must pay a minimum profit rate on standard PLS savings accounts that is no less than 150 basis points (1.5%) below the prevailing SBP Policy Rate.
Verified Algorithm & Client-Side Sandbox
Tested: September 2026This utility operates 100% locally inside your browser with zero remote data transmission. Calculation and transformation logic adheres strictly to ISO/NIST, W3C, and central banking standards under our Editorial & Testing Policy.