Deposit Protection Mechanism
The Deposit Protection Corporation (DPC) has been established under the Deposit Protection Corporation Act, 2016 as a subsidiary of the State Bank of Pakistan (SBP). The primary objective of DPC is to protect small depositors for the losses incurred by them to the extent of protected amount, in the event of failure of a bank. The current limit of protected amount for all eligible depositors is up to PKR 500,000/- (Rupees five hundred thousand) per depositor per bank. All scheduled banks operating in Pakistan are mandatory member institutions of deposit protection scheme. .
(Terms & Conditions apply)
For further details, please visit us at any Al Baraka Bank branch or call at 111-113-442.
Circular 1, Notification of Board of Directors Click Here
Circular 2, Declaration of Commencement of Business of Deposit Protection Corporation Click Here
Circular 3, Member Institutions of Deposit protection Corporation Click Here
Circular 4, Deposit Protection Mechanism for Banking Companies Click Here
To find out more details about ‘Deposit Protection Corporation’ please visit: www.dpc.org.pk
FAQs for Depositors: www.dpc.org.pk/FAQ-d.asp
FAQs for Banks: www.dpc.org.pk/FAQ-b.asp