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Deposit Protection Mechanism

Deposit Protection Corporation (DPC), a subsidiary of the State Bank of Pakistan, has been set up through promulgation of the Deposit Protection Corporation Act, 2016 (the Act) passed by National Assembly of Pakistan with an aim to provide protection to small depositors of banks operating in Pakistan in order to ensure the financial stability of, and maintain the public trust in the financial system. The act extends to the whole of Pakistan and is effective from July 01, 2018.

Under the provisions of 7(1) of the Act, an amount of Rs. 250,000/- (Rupee two hundred fifty thousand only) per depositor has been determined by the DPC as the guarantee amount, which is subject to change from time to time. The guaranteed amount may also be referred to as the protected amount or protected deposit. The guarantee amount shall become payable to the protected depositors, if a member bank/institution has been notified by State Bank of Pakistan as a failed institution under section 21(1) of the Act.

Deposit Protection Corporation Act

Deposit Protection Corporation Act, 2016 Click Here

DPC Circulars / Circular Letters 2018

DPC Circulars

  • DPC Circular No. 01 of 2018 April 06, 2018 Notification of Board of Directors Click Here
  • DPC Circular No. 02 of 2018 May 31, 2018 Declaration of Commencement of Business of Deposit Protection Corporation Click Here
  • DPC Circular No. 03 of 2018 June 22, 2018 Member Institutions of Deposit Protection Corporation (DPC) Click Here
  • DPC Circular No. 04 of 2018 June 22, 2018 Deposit Protection Mechanism for Banking Companies Click Here
  • DPC Circular No. 05 of 2018 November 05, 2018 Shariah Compliant Deposit Protection Mechanism for Islamic Banking Institutions Click Here

DPC Circular Letter

  • DPC Circular Letter No. 01 of 2018 October 15, 2018 Exclusion of Deposits of Various Institutions from Protected Deposits Click Here
DPC Circulars / Circular Letters 2019

DPC Circular

  • DPC Circular No. 01 of 2019 March 15, 2019 Information System for Protected Depositors of Member Banks Click Here