Deposit Protection Corporation (DPC)
SBP has launched “Deposit Protection Mechanism for Banking Companies*” vide DPC Circular no.4 of 2018 dated June 22, 2018 which has become effective from July 01, 2018.
Kindly note that as per section 7(1) of the Deposit Protection Corporation Act, 2016, an amount upto Rs.250,000/- (Rupees Two hundred Fifty thousand only) per depositor has been determined by DPC as the threshold, which is subject to change from time to time.
*Terms & conditions apply
For further details, please visit below website link & DPC circular no. 4