Depositor Protection Corporation - Summit Bank

Depositor Protection Corporation

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.
The current limit of protected amount for all eligible depositors is upto to PKR 250,000/- (Rupees two hundred and fifty thousand) per depositor per bank.
All scheduled banks operating in Pakistan are mandatory member institutions of deposit protection scheme.

For more details, please visit us at any Summit Bank branch or call at 021-1111-24365

SBP Link containing Deposit Protection Mechanism Circulars.

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Last Updated 2021-09-14

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