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Deposit Protection Mechanism

Deposit Protection Mechanism

The Deposit Protection Corporation, a subsidiary of the State Bank of Pakistan has launched “Deposit Protection Mechanism for Banking Companies” vide DPC Circular No.4 of 2018 dated, June 22, 2018, which is effective from July 01, 2018. In this context, kindly note that as per section 7(1) of the DPC Act (2016), an amount up to Rs.250,000/- (Rupees two hundred fifty thousand only) per depositor per bank has been determined by DPC as the guaranteed amount. The referred guaranteed amount is the maximum limit up to which the depositor will be reimbursed in case of a bank’s failure.

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