Deposit Protection Mechanism for Banking Companies
State Bank of Pakistan has launched "Deposit Protection Mechanism for Banking Companies" vide DPC Circular No. 4 of 2018 dated June 22, 2018 effective from July 01, 2018. As per Section 7(l) of the Deposit Protection Corporation Act, 2016,and para 2(b) of instructions on Deposit Protections Mechanism an amount up to Rs.250,000/- (Rupees Two Hundred and Fifty Thousand) per depositor per bank has been determined by Deposit Protection Corporation (DPC) as the guarantee amount.
For further details, please visit nearest Bank of Khyber Branch or Call at 111-95-95-95.
- DPC Circular No. 01 of 2018 - Notification of Board of Directors
- DPC Circular No. 02 of 2018 - Declaration of Commencement of Business of Deposit Protection Corporation
- DPC Circular No. 03 of 2018 - Member Institutions of Deposit Protection Corporation
- DPC Circular No. 04 of 2018 - Deposit Protection Mechanism
- DPC Circular No. 05 of 2018 - Shariah Compliant Deposit Protection Mechanism for Islamic Banking Institutions
