Deposit Protection Corporation (DPC) has been set up through promulgation of the Deposit Protection Corporation Act, 2016 (the Act), with an aim to provide protection to small depositors of banks operating in Pakistan.
Consequent upon the commencement of business with effect from June 01, 2018, the DPC, in exercise of its powers under section 6 of the Act, has issued instructions on the mechanism for protecting the depositors of banking companies.
Salient features are summarized as under:
*Terms and Conditions apply
Relevant Circulars are available below for reference.
DPC Circular No. 01 of 2018 : Notification of Board of Directors Click Here
DPC Circular No. 02 of 2018: Declaration of Commencement of Business of Deposit Protection Corporation Click Here
DPC Circular No. 03 of 2018 : Member Institutions of Deposit protection Corporation Click Here
DPC Circular No. 04 of 2018 : Deposit Protection Mechanism for Banking Companies Click Here
DPC Circular Letter No. 01 of 2018 : Exclusion of Deposits of Various Institutions from Protected Deposits Click Here
DPC Circular No. 01 of 2019 : Information System for Protected Depositors of Member Banks Click Here
For further details Click Here