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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 through establishment of Deposit Protection (DP) Waqf Fund.

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.

For more details, please visit www.dpc.org.pk

Shariah-compliant Deposit Protection Mechanism for Islamic Banking Institutions
Under Sections 7 (3) of Deposit Protection Corporation Act, 2016

In terms of Section 7 (3) of the Act, a Shariah-compliant mechanism of deposit protection in respect of Islamic Banking Institutions (IBIs), has been duly approved by State Bank’s Shariah Advisory Committee.

Deposit Protection Waqf (DP Waqf)

The objective of the Deposit Protection Waqf (DP Waqf) is to provide a Shariah-compliant mechanism for protected depositors of IBIs up to an amount prescribed under Section 7 (1) of the Act.

A DP Waqf is established under this mechanism for protection of depositors of IBIs. The nature of DP Waqf is of an account established by Corporation (DPC) to receive premium contributions from participatory/ member IBIs for the purpose of reimbursement of protected deposits of a failed participatory / member IBI. The DP Waqf shall be represented by the Corporation (DPC) in all its affairs.

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

DPC Circular Letter

  • DPC Circular Letter No. 01 of 2019 December 05, 2019 Information System for Protected Depositors of Member Banks Click Here
DPC Circulars / Circular Letters 2020

DPC Circular Letter

  • DPC Circular Letter No. 01 of 2020 January 30, 2020 Member Institutions of Deposit Protection Corporation (DPC) Click Here
  • DPC Circular Letter No. 02 of 2020 August 04, 2020 Notification Click Here
DPC Circulars / Circular Letters 2021

DPC Circular Letter

  • DPC Circular Letter No. 01 of 2021 September 20, 2021 Notification for Enhancement of Guarantee Amount (Protected Deposit) From Rs. 250,000/- to Rs. 500,000/- Click Here