71% Bank Accounts in Pakistan Have Balance of Less Than Rs. 50,000
- Sara Habib
- July 3, 2025
- 9:25 am
- 45
- Current Affairs
Bank deposit trends in Pakistan are showing both serious challenges and major progress. A recent report from the State Bank of Pakistan (SBP) reveals that more than 70% of accounts hold less than Rs. 50,000. This reflects the financial struggles of a large number of people.
Most Accounts Have Low Savings
The SBP data highlights that low-income account holders dominate the banking system. These accounts barely hold any savings. In fact, only a small percentage, about 3%, contain over Rs. 1 million. This shows a wide financial gap between rich and poor.
Wealth Inequality Remains a Big Issue
This gap is a clear sign of rising inequality. High-income individuals have access to more financial tools and opportunities. Meanwhile, millions of people can’t even save enough to cross basic financial limits. As a result, social and economic inequality keeps growing.
Rise of Digital Banking
Although savings are low, digital banking is growing fast. People are switching to mobile apps and online platforms. Over 89% of retail banking transactions now happen digitally. This shift shows that the public is ready to adopt new technology.
Huge Numbers in Online Transactions
Pakistan’s instant payment system processed 371 million transactions in just one quarter. These transactions had a total value of Rs. 8.5 trillion. This growth in digital use is a positive sign. It makes banking more accessible and faster for everyone.
Large Transactions Use Reliable Systems
For bigger transfers, Pakistan uses the Real-Time Gross Settlement (RTGS) system. In the third quarter of FY2025 alone, it handled Rs. 347 trillion. This proves that the financial infrastructure is strong and dependable for high-value operations.
