Introduction of Deposit Protection Corporation (DPC)
Deposit Protection Corporation (DPC) is a subsidiary of State Bank of Pakistan and Commenced its Operation under the provision of DPC Act, 2016. The objective of the corporation is to compensate the eligible depositors in case the bank declared as failed by the State Bank of Pakistan.
For the Purpose, Corporation has determined, protected amount of up to PKR 500,000 for all eligible depositors on per depositor- per bank basis. The amount is payable to eligible depositors only if a bank is declared as a failed bank by State Bank of Pakistan and is not payable under any other circumstances.
For more information and clarity, detailed Frequently Asked Questions (FAQs) have been developed and posted on the DPC website, (www.dpsc.org.pk)
Click on a link given below to access the required information.
|Visit DPC Website||View FAQs for Depositors||View FAQs for Bank||View Circulars|